What a crazy world - Clos Rougeard prices

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mark e

Mark Ellenbogen
This is from the Chambers St. offer sent out this afternoon. Makes no sense to me, but I am guessing some of you might want to sell at these prices. (image upload is a bit funky right now).

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Reminds me of the Overnoy explosion.
I bought cases in the ‘90’s; now, the price I paid for a case won’t get me a bottle.
Silly stuff . . .
 
Oh yeah, it's been that way for a while and I have been a seller. I haven't bought a bottle since they left Dressner. I'm actually trying to decide whether to send a bunch to auction.
 
FWIW, the wine isn't moving at $749 and the most I've ever netted out from an auction sale of Rougeard was the 2004 Bourg at ~$275.
 
Verset has been the author of several of the most profound vinous experiences of my life. Let me know if you’re putting any up for sale.

Mark Lipton
 
originally posted by Brian C:
Sold all mine a couple years ago. Verset is up next.
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I have been strictly forbidden from doing this by Comrade Brézème. Allemand and Chave, sure, but not Verset. The prices are eye watering but the wines really are sui generis.
 
$750 isn't surprising for a vintage that's both 1) good and 2) mature, considering young vintages and off-vintages have been getting $400-$500 for a long time. Doesn't quite pass my personal test of where I'd spend $750, but those buying $750 wines could do a whole lot worse, and usually do.

I would have sold all my Versets given where prices went but the labels all fell off, which I figured would dent the resale value enough to compel me to drink all of them. About two thirds glorious and one third brett stank, for anyone weighing the pros and cons.
 
you think you got problems with saumur?

i just saw an offer for 14s from clos roche blanche (SB#2, gamay, pif) for $249 per bottle.

now for this, i would call in the national guard
 
look at it this way: take the 1999 verset cornas. if you came up on a bottle for $75 (a feeble stab at actual retail adjusted for inflation) today, you'd grab it in a second, hardly believing your luck, and drink it.

so why let "market value" dissuade you from drinking it now? (unless you're broke and need the money).
 
i had 99 verset 18 months ago

- it was very cheap since someone else brought it
- it had zero brett
- it was gorgeous and youthful

so i've no idea what y'all talking about ;-)
 
originally posted by robert ames:
look at it this way: take the 1999 verset cornas. if you came up on a bottle for $75 (a feeble stab at actual retail adjusted for inflation) today, you'd grab it in a second, hardly believing your luck, and drink it.

so why let "market value" dissuade you from drinking it now? (unless you're broke and need the money).
Click to expand...
Because ignoring opportunity cost doesn't make it go away?

Zachys just sold some 19th century Lafite magnums for like $300k a bottle. If you came by a bottle for $75 would you drink it or trade it for $300k?
 
originally posted by Keith Levenberg:
originally posted by robert ames:
look at it this way: take the 1999 verset cornas. if you came up on a bottle for $75 (a feeble stab at actual retail adjusted for inflation) today, you'd grab it in a second, hardly believing your luck, and drink it.

so why let "market value" dissuade you from drinking it now? (unless you're broke and need the money).
Click to expand...
Because ignoring opportunity cost doesn't make it go away?

Zachys just sold some 19th century Lafite magnums for like $300k a bottle. If you came by a bottle for $75 would you drink it or trade it for $300k?
Click to expand...

I'd sell it 'cos it's likely to be a Hardy Rodenstock bottle.

Mark Lipton
 
originally posted by MLipton:
originally posted by Keith Levenberg:
originally posted by robert ames:
look at it this way: take the 1999 verset cornas. if you came up on a bottle for $75 (a feeble stab at actual retail adjusted for inflation) today, you'd grab it in a second, hardly believing your luck, and drink it.

so why let "market value" dissuade you from drinking it now? (unless you're broke and need the money).
Click to expand...
Because ignoring opportunity cost doesn't make it go away?

Zachys just sold some 19th century Lafite magnums for like $300k a bottle. If you came by a bottle for $75 would you drink it or trade it for $300k?
Click to expand...

I'd sell it 'cos it's likely to be a Hardy Rodenstock bottle.

Mark Lipton
Click to expand...
These were from the cellar of a late Rothschild heiress, so untouched by Hardy
 
originally posted by MLipton:
originally posted by Keith Levenberg:
originally posted by robert ames:
look at it this way: take the 1999 verset cornas. if you came up on a bottle for $75 (a feeble stab at actual retail adjusted for inflation) today, you'd grab it in a second, hardly believing your luck, and drink it.

so why let "market value" dissuade you from drinking it now? (unless you're broke and need the money).
Click to expand...
Because ignoring opportunity cost doesn't make it go away?

Zachys just sold some 19th century Lafite magnums for like $300k a bottle. If you came by a bottle for $75 would you drink it or trade it for $300k?
Click to expand...

I'd sell it 'cos it's likely to be a Hardy Rodenstock bottle.

Mark Lipton
Click to expand...
Right. And (a) it is not wine at all or (b) it is wine but completely oxidized. No one would want to find out what is in the bottle and no one probably will.
 
originally posted by Keith Levenberg:
originally posted by MLipton:
originally posted by Keith Levenberg:
originally posted by robert ames:
look at it this way: take the 1999 verset cornas. if you came up on a bottle for $75 (a feeble stab at actual retail adjusted for inflation) today, you'd grab it in a second, hardly believing your luck, and drink it.

so why let "market value" dissuade you from drinking it now? (unless you're broke and need the money).
Click to expand...
Because ignoring opportunity cost doesn't make it go away?

Zachys just sold some 19th century Lafite magnums for like $300k a bottle. If you came by a bottle for $75 would you drink it or trade it for $300k?
Click to expand...

I'd sell it 'cos it's likely to be a Hardy Rodenstock bottle.

Mark Lipton
Click to expand...
These were from the cellar of a late Rothschild heiress, so untouched by Hardy
Click to expand...

I wasn't really being serious, Keith. I would think that most auction houses would be very particular about provenance in the wake of the Hardy and Rudy scandals. Unfortunately, that bottle comes from the English branch of the Rothschild family: I am reckoned, I think, a fourth cousin of the late Philippine de Rothschild. I am sure that I could have parlayed that connection into an invitation to taste at Mouton *eye roll*

Mark Lipton
Inveterate mooch and name-dropper
 
originally posted by mark e:

Right. And (a) it is not wine at all or (b) it is wine but completely oxidized. No one would want to find out what is in the bottle and no one probably will.
Click to expand...
All of these were recorked at the chateau and confirmed sound. The Zachys team also opened bottles at the sale and for their big clients and the reports ranged from positive to awed. Anyway, don't fight the hypothetical. The point is that you have something in your hand you can either enjoy very much or trade for $300,000. Do you ignore the trade value in deciding whether to enjoy it or not?
 
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