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quote:
Originally posted by wine+art:
quote:
Originally posted by Whitey:
quote:
Originally posted by wineismylife:
Needless to say I'm very, very Big Grin


Looks like next Dallas offline is on Joe Smile


wiml, excellent.

As you know, I sold mine for $3800 with one call.

I guess I should have given it to pyang when we were all together recently.

I do not recall what we paid. Confused


If you bought it en primeur like I did or as soon as one of our local ITB guys got it in I'm betting you paid right around $45.00 a bottle.
quote:
Originally posted by wineismylife:
quote:
Originally posted by wine+art:
quote:
Originally posted by Whitey:
quote:
Originally posted by wineismylife:
Needless to say I'm very, very Big Grin


Looks like next Dallas offline is on Joe Smile


wiml, excellent.

As you know, I sold mine for $3800 with one call.

I guess I should have given it to pyang when we were all together recently.

I do not recall what we paid. Confused


If you bought it en primeur like I did or as soon as one of our local ITB guys got it in I'm betting you paid right around $45.00 a bottle.


You got me my case...or something. I have never bought this wine before.

I also ended up with 6 extra bottles. Confused

Oh well. Smile
quote:
Originally posted by wine+art:
Has anyone ever tasted this wine? I'm glad wiml advised me of current pricing so I could sell, but was curious how the wine tasted.

I still have no clue how I ended up with 18 bottles of this wine. Confused


I tasted it on release. Whatever my impressions were, they were good enough that I bought 6 bottles, and was given the en primeur price by my retailer. I received another from a very generous friend for my birthday a while back. Cool I have never once sold a bottle that I purchased for consumption, but this thread has me thinking about it......

PH
quote:
Originally posted by PurpleHaze:
quote:
Originally posted by wine+art:
Has anyone ever tasted this wine? I'm glad wiml advised me of current pricing so I could sell, but was curious how the wine tasted.

I still have no clue how I ended up with 18 bottles of this wine. Confused


I tasted it on release. Whatever my impressions were, they were good enough that I bought 6 bottles, and was given the en primeur price by my retailer. I received another from a very generous friend for my birthday a while back. Cool I have never once sold a bottle that I purchased for consumption, but this thread has me thinking about it......

PH


PH, I understand. That said, once wiml told me the insane price, I made one call and sold a case for $3800, which it appears was well under current market. Eek

I'm thinking of selling the other 6 I found. I might need to buy wiml dinner next time. Wink
I tasted a singleton bottle over 24 hours or so back in 2004. My best guess of what it would score back then was around the 92 point mark. Many notes since then have come in below which is to be expected since so many were clubbing baby seals like I did and they probably have the palate of filter feeders. Wink Nonetheless, it is likely a low 90ish kind of a wine. Good, not great is my guess. For me it definitely wasn't worth holding onto at the prices I was seeing. I cashed in before the Chinese Lafite bubble bursts.
Decanter: "Lafite 2008 price rises 20% following Chinese symbol announcement"

I bet nobody is more surprised than Eric de Rothschild. Imagine, a kind, selfless gesture like Eric's was returned many times in kind.

Talk about a pathetic pander! Next vintage, who knows, maybe the Lafite label will be kakiemon and not sepia toned. I wouldn't rule it out.

Oh well, we'll see if this price frenzy abroad translates to any incrementality on the auction market in Ontario. If it does, I'll send my wee 3 bottles of '08 futures to auction. I agree with the analysts who see a bubble... this is exactly what the Chinese did with Pu-erh tea and will with the next consumable status symbol.
quote:
Originally posted by wine+art:
Has anyone ever tasted this wine?

I recall picking up 3 bottles of this wine at Binny's a couple of years back for $37 a piece. Don't recall the vintage and they are long since consumed. I never wrote notes that I can recall but do remember it being a pleasent high 80s wine. Nice, but not more than that. If I had any quantities of this in my cellar, they'd be on the next flight HK in a heart-beat...

Well done, you who have profited from the market on this. (applause)
On a side note, there is a pilot that flies in from Hong Kong every month to DWF. He will spend $10,000 - $20,000 on each visit, take the wine back to Hong Kong, and sell it. The last time he was in the store, I was there. He dropped $27,000 that day, then said he was off to his "other" favorite shops. Smile

If he is making anywhere near the profits we are seeing here on this thread, he is making serious money.
quote:
Originally posted by wine+art:
On a side note, there is a pilot that flies in from Hong Kong every month to DWF. He will spend $10,000 - $20,000 on each visit, take the wine back to Hong Kong, and sell it. The last time he was in the store, I was there. He dropped $27,000 that day, then said he was off to his "other" favorite shops. Smile

If he is making anywhere near the profits we are seeing here on this thread, he is making serious money.


I wonder if his first bag flies free.
quote:
Originally posted by wine+art:
On a side note, there is a pilot that flies in from Hong Kong every month to DWF. He will spend $10,000 - $20,000 on each visit, take the wine back to Hong Kong, and sell it. The last time he was in the store, I was there. He dropped $27,000 that day, then said he was off to his "other" favorite shops. Smile

If he is making anywhere near the profits we are seeing here on this thread, he is making serious money.

It goes both ways. Smile This also happens in Toronto, where cases upon cases of, say, DRC and Yquem end up at wine storage facilities in Toronto, shuttled from private jet via airport limo. An LCBO official once quipped to me, "there's more DRC at some LCBO auctions than we know Halpern is bringing in." If you're wealthy and powerful in Toronto, the LCBO is looking the other way...
quote:
Originally posted by KSC02:
quote:
Originally posted by wine+art:
quote:
Originally posted by KSC02:
the SAQ Signature just released 34 bottles of the '82 Gruaud Larose for $2,020.00 each! Eek

And ya thought pricing was just crazy in HK!!!

This wine goes for around $425 in Texas.

It's presently listed on winebid at $255.


As a reserve?
Congrats to wiml and w+a. Currently, I ran into someone willing to part with a few bottles of the 05 Lafite below $1000 ea. So it's becoming very tempting for me to try riding on this bubble before it burst too. But I have no idea how to proceed, or even to proceed with this wild goose lafite hunt or not. I am not familiar with the sales channels in Hong Kong, and the wine is in USA right now, so shipping & storage would be required. I have a few questions hoping you Bordeaux and Lafite experts could shred some lights on, thanks so much. Any help would be appreciated.

1. What are some common ways to spot/avoid counterfeit Lafite bottles?
2. What's the current fair asking price for the 05 vintage? The price range on W-S has a huge spread btw $900 to $2000. (confused)
3. What are the best channels to sell it in HK or USA ?
quote:
Originally posted by Gundam:
1. What are some common ways to spot/avoid counterfeit Lafite bottles?
2. What's the current fair asking price for the 05 vintage? The price range on W-S has a huge spread btw $900 to $2000. (confused)
3. What are the best channels to sell it in HK or USA ?


1. For the newer Lafite, there is less to worry about. Easiest way is go on line and look at other bottle pictures and compare to what you have on hand.

2. We sold numerous cases of 2005 Lafite during our just concluded Winter Live Auction (Spectrum Wine Auctions). Multiple 12-pack OWC cases went for $16,000/case. High hammer was a 6-pack OWC that went for $8,500/case.

3. Obviously, if you can find a private buyer directly in HK or China, that's the best way to go on selling these wine. However, that also comes with risk of dealing with complete stranger in another country. With Spectrum's live and internet auctions, we capture both domestic and international market, including China and Hong Kong.

If you have any other questions, please feel free to give me a ring in the office. 949.748.4845 or 888.982.1982, ask for Powell Yang.

Thanks.
quote:
Originally posted by pyang:
1. For the newer Lafite, there is less to worry about. Easiest way is go on line and look at other bottle pictures and compare to what you have on hand.

2. We sold numerous cases of 2005 Lafite during our just concluded Winter Live Auction (Spectrum Wine Auctions). Multiple 12-pack OWC cases went for $16,000/case. High hammer was a 6-pack OWC that went for $8,500/case.

3. Obviously, if you can find a private buyer directly in HK or China, that's the best way to go on selling these wine. However, that also comes with risk of dealing with complete stranger in another country. With Spectrum's live and internet auctions, we capture both domestic and international market, including China and Hong Kong.

If you have any other questions, please feel free to give me a ring in the office. 949.748.4845 or 888.982.1982, ask for Powell Yang.
Thanks.

Thanks so much for the tips. 1st things first, I'll go check the bottle conditions next week and what price I can snatch them at.
quote:
Originally posted by Gundam:
quote:
Originally posted by pyang:
1. For the newer Lafite, there is less to worry about. Easiest way is go on line and look at other bottle pictures and compare to what you have on hand.

2. We sold numerous cases of 2005 Lafite during our just concluded Winter Live Auction (Spectrum Wine Auctions). Multiple 12-pack OWC cases went for $16,000/case. High hammer was a 6-pack OWC that went for $8,500/case.

3. Obviously, if you can find a private buyer directly in HK or China, that's the best way to go on selling these wine. However, that also comes with risk of dealing with complete stranger in another country. With Spectrum's live and internet auctions, we capture both domestic and international market, including China and Hong Kong.

If you have any other questions, please feel free to give me a ring in the office. 949.748.4845 or 888.982.1982, ask for Powell Yang.
Thanks.

Thanks so much for the tips. 1st things first, I'll go check the bottle conditions next week and what price I can snatch them at.


Cool, let me know if you have any other questions.

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