Wine Flipping Poll

I've only once bought a wine with intention to sell it for a profit. It was a 1997 Andrea Oberto Barolo Vigna Roche. I bought 5 cases cheaply and auctioned off 4 1/2 of them. I've tasted a couple of bottles. Should have auctioned them all.

I have auctioned other wines, but I didn't buy them with the intention of selling them.
quote:
Originally posted by mpls wine guy:
Iv'e never flipped any of my wine but I've sold some older vintages of Dominus to a friend for $20 more than I paid for it per bottle.


You slut! LOL

Seriously though, why $20? It seems so insignificant as to not be worth calculating.

PH
quote:
Originally posted by PurpleHaze:
quote:
Originally posted by mpls wine guy:
Iv'e never flipped any of my wine but I've sold some older vintages of Dominus to a friend for $20 more than I paid for it per bottle.


You slut! LOL

Seriously though, why $20? It seems so insignificant as to not be worth calculating.

I figure it's the fee for properly storing and aging the wine in my Vintagekeeper 250. Woot

PH
I've bought a few in larger quantity than I planned to drink thinking I might put some to auction some time down the road - drink some, put a few in auction later. However, as I start drinking them, my interest in putting them in an auction seems to depreciate.

Conversely, I have been tempted to sell, at auction, a few bottles that have appreciated greatly.

I don't consider trading/selling/buying with friends at cost, or in some instance at low wine searcher, to be flipping.
quote:
Originally posted by marcb7:
I have...but not at a profit...yet.

I have a 'few' cases of 1st growths that may help buy a couple books for my kids freshman year of college....if they dont go or get a 'free ride' then the bottles will be opened...not sold Cool


I'm in the same boat. Bought a good deal of '05 Bordeaux for the purpose of flipping at the time. Never got around to it, and now I plan on holding to drink.

However, once my boys hit college age in the next 15-17 years, I may get back to the thought of selling them.

Outside of that, I have never bought something I didn't plan on drinking.
Yes - Been awhile, but I used to have a good DRC source. Basically I'd buy enough to pay for one bottle I'd keep. Since the Sideways->Pinot is my favorite-> Burgundy is made from Pinot -> I love Burgundy craze, that source dried up.

There's so little wine that's flipable these days that I'd say the 'no' answers may have to do with the economic reality than any intent of the buyer.
I have never flipped, and I don't intend to.

Although most of the wines in my cellar are auctionable, they probably wouldn't sell for much more than what I paid. I have maybe a few flippable wines in my cellar that would generate enough profit to consider it. I bought them with the intention of drinking, however, and that's what I still intend to do.

My wife is not so enthusiastic about my wine-buying habit, so I try to tell her that my cellar investment is like a Life Insurance policy--If I croak, she can sell off my collection and keep the cash.
quote:
Originally posted by Redhawk:
I have never flipped, and I don't intend to.

Although most of the wines in my cellar are auctionable, they probably wouldn't sell for much more than what I paid. I have maybe a few flippable wines in my cellar that would generate enough profit to consider it. I bought them with the intention of drinking, however, and that's what I still intend to do.

My wife is not so enthusiastic about my wine-buying habit, so I try to tell her that my cellar investment is like a Life Insurance policy--If I croak, she can sell off my collection and keep the cash.


I like that thought, although my wife would probably drink through it. And my collection is nowhere near enough to support her shoe habit

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