Some good buys out there these days

P

Peter Creasey

Peter Creasey
Amidst all the market chaos these days, there are some good buys to be found.

Just one example that I was offered by a friendly local purveyor...

Ferrer Bobet Vinyes Velles Priorat '15 for $18.

I mentioned in another thread landing the Louis Michel Chablis Premier Cru Montée de Tonnerre at an appealing price.

It's a good time to be a buyer (except you'll probably want to avoid the KLWM Coche offerings at crazy prices).

. . . . . Pete
 
originally posted by Peter Creasey:
Some good buys out there these days
Amidst all the market chaos these days, there are some good buys to be found.

Just one example that I was offered by a friendly local purveyor...

Ferrer Bobet Vinyes Velles Priorat '15 for $18.
Click to expand...

Google shows this wine at $60.

Is your friendly local purveyor going out of business?
 
Absolutely not, he is very successful. He only takes delivery of what people commit to buying. He has really found a niche with his selective emailing list. No staff, no shop, no overhead, so he keeps his prices lower than even the lowest conventional vendor. He is very well connected to distributors.
He told me he found this wine in New York.

Obviously, he'll only make "pennies" on this sale, but he is doing it for the benefit of his customers. He typically handles MUCH more expensive offerings... where, obviously, his profit margin is beneficial (read: profitable).

Even so, the thrust of this posting is to submit that there are many very good buys these days through conventional sources as well.

. . . . . Pete
 
I also don't see deals right now. There were some back in March, when people were surprised by the demand drop, but people have figured it out by now.

Occasionally, I see a rare opportunity appear -- an opening on a particular wait-list or availability of a particular bottling -- which I attribute to the changing shape of market demands. But even that is not all that frequent.
 
originally posted by MarkS:
Sorry, but not seeing any "deals".
Click to expand...

Might that be because almost no one on this bored considers high-alcohol, over-oaked Priorat a deal at any price?
 
There's a lot of wine already in the country, including, of course, French wines. These wines are not subject to the tariff.

Meanwhile, restaurants etal are not buying; thus, distributors have languishing inventory.

As a result, there are often very good buys to be found. These might not be evident by looking at advertised retail prices but they are happening.

. . . . Pete
 
originally posted by Peter Creasey:
There's a lot of wine already in the country, including, of course, French wines. These wines are not subject to the tariff.

Meanwhile, restaurants etal are not buying; thus, distributors have languishing inventory.

As a result, there are often very good buys to be found. These might not be evident by looking at advertised retail prices but they are happening.

. . . . Pete
Click to expand...

Much of the French, Spanish and German wine already in the country has had the 25% tariff included in the price as it was enacted in October. As far as languishing inventory, yes, there's certainly some of that, but the biggest "deals" are more about availability, imo, as a lot of allocated items that normally only or mostly go to restaurants, are being sold to retail.
 
originally posted by Brad Kane:
originally posted by Peter Creasey:
There's a lot of wine already in the country, including, of course, French wines. These wines are not subject to the tariff.

Meanwhile, restaurants etal are not buying; thus, distributors have languishing inventory.

As a result, there are often very good buys to be found. These might not be evident by looking at advertised retail prices but they are happening.

. . . . Pete
Click to expand...

Much of the French, Spanish and German wine already in the country has had the 25% tariff included in the price as it was enacted in October. As far as languishing inventory, yes, there's certainly some of that, but the biggest "deals" are more about availability, imo, as a lot of allocated items that normally only or mostly go to restaurants, are being sold to retail.
Click to expand...

I agree with the restaurant allocations going retail; however, the retailers seem to be selling them at the secondary market inflated prices.

I purchased 3 cases of inexpensive but great wine (Ulli Stein) from a restaurant and by the time I paid for an Uber to take me to the restaurant and back, the restaurants 10% processing fee and the tip requested I ended up saving maybe 10% off retail. Oh well the wines are all sold out and they are extremely undervalued so it was still worth it.
 
originally posted by Robert Dentice:
I agree with the restaurant allocations going retail; however, the retailers seem to be selling them at the secondary market inflated prices.
Click to expand...
I am fine to support the restaurant by paying the asked price.
 
Not sure how (or if) this fits into this thread's theme.

A limited supply of Chateau Latour '09 came available with a friendly wine purveyor. The wine was obtained directly from the Chateau. Each bottle includes a tag indicating the origin and provenance of the wine.

The offering price -- $1,250 for 750 and $2,500 for magnum. The offering sold out immediately.

. . . . . . Pete
 
originally posted by Peter Creasey:

Not sure how (or if) this fits into this thread's theme.

A limited supply of Chateau Latour '09 came available with a friendly wine purveyor. The wine was obtained directly from the Ch“teau. Each bottle includes a tag indicating the origin and provenance of the wine.

The offering price -- $1,250 for 750 and $2,500 for magnum. The offering sold out immediately.

. . . . . . Pete
Click to expand...

Latour widely released a tranche of 2009 within the last couple days. All priced around $1200 or above. But I’d guess a poll of WD buyers would reveal the Null set.
 
originally posted by Peter Creasey:

Not sure how (or if) this fits into this thread's theme.

A limited supply of Chateau Latour '09 came available with a friendly wine purveyor. The wine was obtained directly from the Ch“teau. Each bottle includes a tag indicating the origin and provenance of the wine.

The offering price -- $1,250 for 750 and $2,500 for magnum. The offering sold out immediately.

. . . . . . Pete
Click to expand...

Guess this offering was for the people who never needed that COVID stimulus?!
 
Jean-Claude Boisset Les Arvelets Pommard 1er Cru '19 and '20 for $70 and change at Costco here. Regular pricing elsewhere appears to average ~$115+.

. . . . . Pete
 
originally posted by Peter Creasey:

Jean-Claude Boisset Les Arvelets Pommard 1er Cri '19 and '20 for $70 and change at Costco here. Regular pricing elsewhere appears to average ~$115+.

. . . . . Pete
Click to expand...

global phenomenon

no one in their right mind is buying the 23s at current prices, so it's more a case of generating cash with older stock rather than making room for the next vintage (as seen in recent years)
 
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