Originally Posted by Piobaire
The only thing I am still buying from the Continent, on a regular basis, is true vintage port. I love buying half cases and planning my tasting of one bottle from the vintage, every five years after being bottle aged 10-15 years. I plan to drink mucho port in my later years
Gout will no doubt be fashionable again.
French prices are indeed getting a little crazy, especially at the tippy-top where Russians and Chinese play. I'm getting a decent supply of the medium-to-good 05s-- which from all accounts will be worth a premium, even if you move down the prestige scale-- and then plan to sit on my hands for a few years. Some corks need pulling, and I mustn't forget to enjoy this stuff.
A lot of the Burgundy we have was bought when the dollar was much stronger. A fair bit of 96 and 99, some 97, decent amount of 98. At the time, top Bordeaux was being bid up by Wall Street yahoos, and the more complex Burgundy market was left to those who care. As Clive Coates said at the time, if you can get 2 cases of Richebourg for 1 of Lafite, why would an intelligent buyer choose the latter?
Admittedly, much of what I've spent on Burgundy and Bordeaux is saved from not playing in the California market. That way lies madness, and I don't even especially care for much of the product. I have a case or 2 of Ken Wrights (which my Burgundy supplier gets at decent prices), and a very few bottles of Monte Bello, but will dole them out for the next 10 years and not get sucked up the rush. A man can have only so many vices.