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Selling wine for profit
Why is it so wrong?|
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Russell, I understand your frustration. I'm also on the Bryant waiting list, and hope that the secondary market collapses, driving the flippers out of the market.
But I disagree with the concept that buying in order to sell for a profit is less "right" than buying to drink. Regardless of what the winery prefers, or what the intended "purpose" of the wine was when the winery made it, once it is sold, the new owner gets to determine how it should be used. There is nothing immoral about selling it for a profit. Perhaps the flipper's enjoyment of the profit is greater than my enjoyment of the wine? As a wine lover, it's not easy for me to wrap my mind around that concept, but differences like that are what makes the world go 'round. |
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I see no problem with selling wine (esp. for a profit). I also agree with Freud's post about folks dumping all of their allocations everyear to the auction market -- infuriatingm, but hey, it's America and they can do as they please. They would not do it if there wa sno market. <sigh>
Anyhoo, I have never sold wine really, and so I can't comment from personal experience (excepting shared mailing list allocations at cost). I plan to drink every last drop of my vino. Yup. www.vinocellar.com -- Mm-Mm-good |
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A collector who sells occasionally to make room or free up cash to get something else is fine. I often trade wines to get what I want in the cellar. As far as mailing lists go, I find it frustrating that those who have no intention of drinking highly allocated wines, remain on the mailing list and flip the wines every year. It is their wine and they can do as they please and I applaud them for their financial savvy. I just don't have to like the practice.
Now, who is worst, the flipper or the fools who pay the price in the secondary market? If there are no buyers at these prices then there would be no incentive to sell now would there. You want this to stop? Then don't pay 2-4x the release price on the auction sites. I don't need wines like this. There are so many other wines to be had that don't have this baggage to deal with...buy those. End of rant. [This message was edited by rmkam on Feb 16, 2004 at 03:29 PM. [This message was edited by rmkam on Feb 16, 2004 at 03:30 PM.] |
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There is nothing wrong with selling anything for a profit as long as its legal. This is America. Supply and demand is what makes our economy work. If there were no demand for it we could not sell it. In turn we are then making someone happy supplying to them an item in which they want.
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Lots of people keep saying that there is nothing wrong with selling wine, as long as it is legal.
Can I please see a show of hands of how many people declare the net profits on their income tax?? ;-) highdesertwine |
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That is like asking how many people claim their winnings when the go to Atlantic City or Vegas. I think if you did you would be pretty clueless.
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quote: You mean there's supposed to be winnings?? Make Cab, not War. |
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If your lucky!
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Wine Spectator Forums
Wine Conversations
Selling wine for profit
Why is it so wrong?
