2002 Bordeaux Futures

Perusing my list of 2002 Bordeaux futures. Slim pickins. But there do seem to be a few possibilities, the Cos D'Estournel (which I've always liked) seems to be getting good reviews and, at $62/bottle is about half the cost of the high-profile wines with similar reviews. Another wine I had never heard about, Chateau Ponet Canet, also looks interesting at $35/bottle. Any thoughts on these? Or is the best idea to put my money back in the matress and wait for better days?

Regards,

Kent Feiler snipped-for-privacy@KentFeiler.com

formatting link

Reply to
Kent Feiler
Loading thread data ...

My friend who owns a big wholesale wine house here states, the smart money is not in buying 2002 futures because of the dollar against the Euro. He thinks they will hit the shelves cheaper. He has been in the games over 30 years and runs a top house.

.o2 worth.

Reply to
GORDON PIKE

Thanks, back in the matress it is.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ >My friend who owns a big wholesale wine house here states, the smart money

Regards,

Kent Feiler snipped-for-privacy@KentFeiler.com

formatting link

Reply to
Kent Feiler

You are probably talking about Chateau Pontet Canet. Indeed at $35, it is a good value for money. Although I saw the 1999 vintage at $25.99 with Bevmo.com Prices are going down and this is a very good news for wine lovers.

French Wine Guide

formatting link

Reply to
Zygomar

You can still (in the US anyway) get the 2001 Cos for about $54 on futures in case lots ($649 a case locally for me), and that is getting very high marks.

So $62 for the 2002 seems high to me.

Futures are a lot of fun- it is great to pay so far in advance because by the time you get the wine it just "feels" like you are getting it for free.

But I advocate not bothering with futures unless you have good reason to believe the wine will be far more expensive once it is released, or unless you want large format bottles in case lots.

There are just too many variables to consider,

  1. The price could come down in the end (happened with 1997 Bordeaux in some markets.)
  2. Another vintage could come along where you want something even more and now your $$ are tied up in last year's offering.
  3. The shipment could get a bit damaged and you might get stuck with a case with leaky corks. It happens. Even if you get your money back, you are still losing out.
  4. You may never see the wine. Futures are a tricky business and while most top merchants do deliver, there have been many prominent failures in recent times. Word on the street is that more than one European negociant is in financial trouble.

Things to consider when paying up 2 years in advance. I have not done futures since the 1994 vintage. I may still do some 2001s, but have been waiting since the first tranche has not sold out. The longer I wait, the more interest income I have on the cash.

Take care,

Tom.

Reply to
Elpaninaro

DrinksForum website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.