Today's Premier Cru sale: Has the crash begun?
- JimHow
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Today's Premier Cru sale: Has the crash begun?
Some prices still high, but also some prices we haven't seen in a while, including:
'96 Pontet Canet, $39.99
'05 Leoville Poyferre mag, $129.99
'05 d'Armailhac (pre-arrival), $28.99
There are other deals, too.
We still have a long way to go, but this looks like the first significant shakeup in pricing I've seen in a while.
'96 Pontet Canet, $39.99
'05 Leoville Poyferre mag, $129.99
'05 d'Armailhac (pre-arrival), $28.99
There are other deals, too.
We still have a long way to go, but this looks like the first significant shakeup in pricing I've seen in a while.
Re: Today's Premier Cru sale: Has the crash begun?
This is the best sale from PC I have seen in a long time. I spent a bundle. But I missed the '96 Pontet Canet and have to call back now...
stefan the Broke
stefan the Broke
- JimHow
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Re: Today's Premier Cru sale: Has the crash begun?
Well done, stefan. Well done.
Re: Today's Premier Cru sale: Has the crash begun?
The Pontet Canet is now sold out. stefanJr told me that he got in an order for 5 on the web but does not have confirmation that he scored. In my experience, that means he does not have them.
stefan
![Sad :(](./images/smilies/icon_e_sad.gif)
stefan
Re: Today's Premier Cru sale: Has the crash begun?
I went for some of the '05 Potel Volnay Angels. This is the kind of pricing that made PC famous.
Roberto
Roberto
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Re: Today's Premier Cru sale: Has the crash begun?
Nicely done, Roberto.
So the Pontent Canet is gone, eh? Ah well, just as well...
So the Pontent Canet is gone, eh? Ah well, just as well...
Re: Today's Premier Cru sale: Has the crash begun?
96 CdE, 03 Fargues, 94 Warres, 04 Montrose--best prices seen in ages. Maybe the crash has begun Jim....
- JimHow
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Re: Today's Premier Cru sale: Has the crash begun?
Very, very well done, Patrick.
Re: Today's Premier Cru sale: Has the crash begun?
Damn, and I was out skiing.
Re: Today's Premier Cru sale: Has the crash begun?
It is nice to see this hobby become more affordable. Reminds me of the way things used to be. A person can build a cellar when desirable wines are affordable. For a while there it was just nuts.
Roberto
Roberto
Re: Today's Premier Cru sale: Has the crash begun?
It's good to see the prices coming back down to earth. Maybe the days of $30 Lynch and GPL are coming back again ![Smile :)](./images/smilies/icon_e_smile.gif)
![Smile :)](./images/smilies/icon_e_smile.gif)
Re: Today's Premier Cru sale: Has the crash begun?
I actually don't know. Heck, I don't even look for high end wines anymore. I have around 400 mid to upper tier Bordeaux, and maybe 2 or 3 cases each of Porto and Rhone and Burgundy in the cellar, so I'm kinda satisfied. A scattering of Loire and Italians. My keepers.
Mostly now I buy for 1-5 years of drinkability. Younger stuff. Hell, my palate may be dead in 10 years anyway.
But even though billionaires have lost billions and millionaires have lost millions I can't believe they are to the point of asking "How much does it cost?" Whatever they like they will buy. 0.01% of their budget. I honestly can't see the likes of Lafite or Petrus or DRG lowering prices.
It's the mid-class wines, Poyferre's and such, that may take note of the global depression. Dunno what the 2005 went for, but future vintages, until recovery, may drop to the $40's again. Doubt it will ever drop to the $20's I got the 1996's for.
Mostly now I buy for 1-5 years of drinkability. Younger stuff. Hell, my palate may be dead in 10 years anyway.
But even though billionaires have lost billions and millionaires have lost millions I can't believe they are to the point of asking "How much does it cost?" Whatever they like they will buy. 0.01% of their budget. I honestly can't see the likes of Lafite or Petrus or DRG lowering prices.
It's the mid-class wines, Poyferre's and such, that may take note of the global depression. Dunno what the 2005 went for, but future vintages, until recovery, may drop to the $40's again. Doubt it will ever drop to the $20's I got the 1996's for.
Re: Today's Premier Cru sale: Has the crash begun?
Alch, your point is exactly what is so important. Having Poyferres in a more affordable range allows a huge number of normal folk to enjoy the stuff. Few people are going to drink $100 wines on a regular basis.
Roberto
Roberto
- JimHow
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Re: Today's Premier Cru sale: Has the crash begun?
Yeah, remember when we got those '96 Poyferres for $25 apiece at PC. Unbelievable.
Re: Today's Premier Cru sale: Has the crash begun?
The internet connection was down all day. When I get home everything is sold out. Dang! A Montrose for $45. I do think the dam is about to burst.
Bill
Bill
Re: Today's Premier Cru sale: Has the crash begun?
Dug out my old records (all paper, not a computer whiz like most of you guys!) On futures, I paid 28USD for P-C and 83 for Cos. Mouton I bought upon arrival for 140. Since 97, CPI has risen just under 30 percent. Thus adjusted, P-C is slightly higher now, Cos is substantially lower, Mouton has appreciated significantly. 04 Montrose was 47 on futures so little change. 03 Fargues was 50 so a significant decrease today. Even at today's price the 94 Warres has appreciated significantly. 37 upon release here in KC. P
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