quote:
Originally posted by cb1:
quote:
Originally posted by Pomerollvr:
For anyone that does not think buying Futures off, you are either buying the wrong wines, or the wrong vintages, or both. In top years, buying the best wines pays off the vast majority of the time. Even with the financial meltdown, my 05's still show at least a 40% profit.
Can you give us some examples of wines you bought in '05 that have maintained 40% profit?
I'm not really comfortable going into every wine I buy. But I can assure you, and the people who know me will assure you as well, I own the majority of wines cited as examples in this post. There are wines at a myriad of price ranges starting at $15. The majority were under $100.
On the high end, early buyers of Ausone for $850 still see 300% profit. 05 Lafleur was available for $500. That is also up between 100 & 200%. For anyone that knows me, I never once advocated buying the Firsts in 05, other than Haut Brion. There were numerous other deals available. The prices I paid were all from Nationally known retailers. Most prices hung around for a while. A few prices like Haut Brion shot up in a few days. But a lot of good deals were available for quite a while, due to the very high prices being asked in the first place.
Bottom line, if you want the best Bordeaux wines at the lowest possible from hot vintages, step up and buy them quickly. History has shown time and time again that approach pays off.
These are a few examples. There are others, but these are off the top off the top of my head from a quick glance. I'm not up on current market prices. I spent a lot more time watching how much were appreciating than keeping track of prices as they were falling, but these examples give you a decent idea on what took place at the time.
FWIW, I also bought wines that due to the financial crisis are selling for close to what I paid for them as well. There are also numerous wines that are up 10%, 20% and 30% as well as wines that remain up over 100%.
05 Haut Bailly
05 Haut Brion $375
05 La Mission $215
05 Pape Clement $135
05 Malescot St. Exupery $60
05 Rauzan Segla $75
05 Pontet Canet $75
05 Clos L'Eglise $80
05 Croix St. Georges $45
05 L'Eglise Clinet $200
05 L'Evangile $185
05 Hosana $120
05 Chapelle Ausone $120
05 Clos Fourtet $70
05 Clos St. Martin $60
05 La Clotte $35
05 Fleur Cardinale $35
05 La Fleur Morange Mathilde $22
05 Larcis Ducasse $90
05 Monbousquet $45
05 Puygueraud $15
05 Pavie Macquin $80
05 Pierre De Lunne $40
05 Tertre Rotebeouf $155
05 Troplong Mondot $150
05 Branaire Ducru $55