Comments on: This fall, some of the best wine values might be at auction http://www.drvino.com/2008/11/06/this-fall-some-of-the-best-wine-values-might-be-at-auction/ wine talk that goes down easy Thu, 09 Feb 2012 23:11:50 +0000 hourly 1 http://wordpress.org/?v= By: Has the wine auction market bottomed? | Dr Vino's wine blog http://www.drvino.com/2008/11/06/this-fall-some-of-the-best-wine-values-might-be-at-auction/#comment-231321 Has the wine auction market bottomed? | Dr Vino's wine blog Sat, 04 Apr 2009 00:21:13 +0000 http://www.drvino.com/?p=2619#comment-231321 [...] has the wine auction market touched bottom? While it was the first place to pick up deals in the fall as the economy took a nose dive, it seems to be perking up now. But is this a false [...] [...] has the wine auction market touched bottom? While it was the first place to pick up deals in the fall as the economy took a nose dive, it seems to be perking up now. But is this a false [...]

]]> By: Michael http://www.drvino.com/2008/11/06/this-fall-some-of-the-best-wine-values-might-be-at-auction/#comment-164959 Michael Tue, 11 Nov 2008 13:52:42 +0000 http://www.drvino.com/?p=2619#comment-164959 Dr. Vino it looks as if you may be more right than you know. Earlier this year you asked whether lean financial times would have an effect on stratospheric wine prices. I predicted yes, and many in the industry responded with injured pride and vitriol at the suggestion that they were gouging. Well they may not be able to cut their margins for a variety of reasons, but the secondary market is falling fast. Auctions, from the daily internet types to the large houses, are suddenly seeing a glut of large lots of trophy wines formerly unseen offered in such quantities (if at all). The interesting thing is that the glut will cause prices to fall faster, an more untaken lots. I have witnessed many being amenable to offers far below what would have flown a year ago. I think some well placed bets right now could yield serious investment rewards, not to mention the possibility of building a serious cellar on the cheap. Now if only I had the time to peruse these fifty and one hundred page auction catalogs from the big houses I could really inform my decision. Dr. Vino it looks as if you may be more right than you know. Earlier this year you asked whether lean financial times would have an effect on stratospheric wine prices. I predicted yes, and many in the industry responded with injured pride and vitriol at the suggestion that they were gouging. Well they may not be able to cut their margins for a variety of reasons, but the secondary market is falling fast. Auctions, from the daily internet types to the large houses, are suddenly seeing a glut of large lots of trophy wines formerly unseen offered in such quantities (if at all). The interesting thing is that the glut will cause prices to fall faster, an more untaken lots. I have witnessed many being amenable to offers far below what would have flown a year ago. I think some well placed bets right now could yield serious investment rewards, not to mention the possibility of building a serious cellar on the cheap. Now if only I had the time to peruse these fifty and one hundred page auction catalogs from the big houses I could really inform my decision.

]]> By: Joe Dressner http://www.drvino.com/2008/11/06/this-fall-some-of-the-best-wine-values-might-be-at-auction/#comment-164271 Joe Dressner Fri, 07 Nov 2008 23:58:20 +0000 http://www.drvino.com/?p=2619#comment-164271 Has anyone done some analysis on the carbon footprint of auctioned wines? My understand is that most of them are transported by air shipments. Is a boycott in the works? Has anyone done some analysis on the carbon footprint of auctioned wines? My understand is that most of them are transported by air shipments.

Is a boycott in the works?

]]> By: dhonig http://www.drvino.com/2008/11/06/this-fall-some-of-the-best-wine-values-might-be-at-auction/#comment-164205 dhonig Fri, 07 Nov 2008 16:13:13 +0000 http://www.drvino.com/?p=2619#comment-164205 I don't know much about auctions, but I can give you a related example. A local wine store sent an email out to everybody on their list offering to buy wines from cellars and had an overwhelming response from people desperate to raise cash, even at big losses. This was particularly acute among money managers and stock brokers who had been collecting cellars (status wines mostly) and now needed to liquidate. That sort of thing echos throughout the industry. This comment brought to you by <a href="http://2daysperbottle.blogspot.com" rel="nofollow">2 Days per Bottle</a>, trying to click on every link on its blogroll every day. I don’t know much about auctions, but I can give you a related example. A local wine store sent an email out to everybody on their list offering to buy wines from cellars and had an overwhelming response from people desperate to raise cash, even at big losses. This was particularly acute among money managers and stock brokers who had been collecting cellars (status wines mostly) and now needed to liquidate. That sort of thing echos throughout the industry.

This comment brought to you by 2 Days per Bottle, trying to click on every link on its blogroll every day.

]]> By: Dylan http://www.drvino.com/2008/11/06/this-fall-some-of-the-best-wine-values-might-be-at-auction/#comment-164185 Dylan Fri, 07 Nov 2008 14:14:04 +0000 http://www.drvino.com/?p=2619#comment-164185 The thing about investments like this is if the wine is able to age well in the bottle, now is the time to buy. Prices are low, and one can ride out the market with those assets until they make their desired return. In that sense, it's not as unstable as buying a company which has their stock prices lower (their future is not as foreseeable as a bottle that will stay in fashion and ages well). The thing about investments like this is if the wine is able to age well in the bottle, now is the time to buy. Prices are low, and one can ride out the market with those assets until they make their desired return. In that sense, it’s not as unstable as buying a company which has their stock prices lower (their future is not as foreseeable as a bottle that will stay in fashion and ages well).

]]> By: » Wine not immune to global asset price decline Boschendal Wines’ Blog: http://www.drvino.com/2008/11/06/this-fall-some-of-the-best-wine-values-might-be-at-auction/#comment-164108 » Wine not immune to global asset price decline Boschendal Wines’ Blog: Fri, 07 Nov 2008 06:44:11 +0000 http://www.drvino.com/?p=2619#comment-164108 [...]  Source: Dr Vino [...] [...]  Source: Dr Vino [...]

]]> By: Michael http://www.drvino.com/2008/11/06/this-fall-some-of-the-best-wine-values-might-be-at-auction/#comment-163945 Michael Thu, 06 Nov 2008 18:01:49 +0000 http://www.drvino.com/?p=2619#comment-163945 The holiday season should usually mean robust buying, but certainly with this many major players trying to auction wine at a time that all holiday spending is looking to be reduced should mean some great deals. Thanks for the dates The holiday season should usually mean robust buying, but certainly with this many major players trying to auction wine at a time that all holiday spending is looking to be reduced should mean some great deals. Thanks for the dates

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