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Wine futures - Page 2

post #16 of 18
1/2/10 at 1:48pm
A friend of my dad's bought two dozen cases of 2000 Bordeaux in futures, and the firm went bust. He lost all his money and got no wine.
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post #17 of 18
1/2/10 at 2:31pm
Quote:
Originally Posted by gomestar View Post
I am talking about a generalization, you are talking about a specific example. Different levels of extraction. For your Harlan allocation, are they offering it at $500 a bottle and then releasing it at $1500? Same for Kosta Browne. I do know there are certainly futures prices for Cali wines, but I think it's important to distinguish between futures and wait lists.

When it comes to Harlan, the secondary market at release will be where the action is, and everyone knows this. Since you can only buy off the mailing list, it effectively is the futures market, in the case of things like Harlan, Screagle, etc.

I agree, the West Coast allocation lists are intertwined with futures offerings, but I don't think they are one and the same. YMMV.
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post #18 of 18
1/2/10 at 4:21pm
i think another factor to consider is the global wine glut. futures made sense back when there was a go-go wine market. i bought some 82s, some 83s, some 86s and some 88s. they appreciated nicely or they would have if i hadn't drunk them all. but that was a time of relative scarcity vis a vis supply v. demand. today, there seems to be much more wine being produced than being consumed.
there are exceptions, of course, largely depending on bobby and the wine spec, but in general, i think futures are more of a relic of a past wine-drinking generation. that in addition to all the other horror stories ...
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