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rconti479

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About rconti479

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  1. As in currently valued at if I sell them myself (which I can do through my wine business). If I sell through a broker they are worth £26k. Sorry - I should have made that clear.
  2. I would buy a case of Cheval Blanc 2008 for £3,550 from Farr Vintners. http://www.farrvintners.com/wineindex.php?regionid=1 They will store it for you in a temperature controlled bonded warehouse for about £8 a year - this saves you from temptation and it is also recognised by other merchants, private buyers and auction houses for the all important factor of provenance. The world's most influential wine writer Robert Parker has said that the 2008 vintage is seriously underpriced (especially when compared to the ridiculous 2009 prices - AVOID 2009!). As long as you don't remove the wine from bond you pay no duty or VAT on it, and it can be sold while still in bond - there's no CGT liability either. At the very, very least I can't see the wine dropping in value - over five to ten years you should see a very healthy return. Cheval Blanc is a wonderful wine (the best wine I ever tasted was a bottle of the 1955 a few months ago) - but if you can stretch a few more thousand to buy a first growth (Latour, Mouton Rothschild, Margaux or Haut Brion - Lafite is way beyond that though) then do it - they are the blue chips with pretty much guaranteed growth. I invested £22,000 in wine in March 2009 to protect my capital - my five cases are now worth just over £28,000.
  3. This is possibly the most important bit. I would definitely check and make sure there is a secondary market for whiskey - if you do want to sell down the line, who do you sell it to and how easy it? I have invested in wine (the thread is in this forum) - one of the most important things for me is that there is (and has been) a very strong secondary market consisting of merchants, brokers and individuals, so that when the time comes I can sell my wine to them "in bond" and avoid any duty and VAT liabilities (they will inherit those costs if they decide to remove the wines from bond).
  4. Parker has now released his scores for the 2009, and it's safe to say he rates it above the 2005 vintage. As such, en primeur prices are going to be incredible - Bordeaux Index is quoting a guide price for Lafite of £12,000 per case. I find all this to be quite worrying - it reminds me of the financial gluttony of three or four years ago and I think I spot a bubble. I can't think of another field where one person has so much influence - Parker's voice is overwhelming, but I now have a big problem with the guy. He rated the miraculous 2005 vintage as the finest ever, and now he is claiming the same for the 2009 - the amount of 98-100/100 scores he has doled out for vintages from the 2000s has been, quite frankly, ridiculous and he has stoked the market to frenzied levels. Of course, I'm in this game as well, but I'm starting to feel uneasy - I wonder if and when people will start to wise up to Parker and realise what's going on. It's very noticeable that other writers have lauded the 2009 vintage but they have voiced concerns about the quality of certain estates - Jancis Robinson was not keen at all on Cos D'Estournel, for instance, but Parker absolutely raved about it. Jancis' reviews seem to be much more balanced and thoughtful, whereas Parker just screams that everything is brilliant. However, if Lafite and the other First growths are released at around the £10,000 mark it will have a marked effect on my wines, driving the price up as they will look a bit underpriced by comparison at around £7000 a case for more mature vintages. Since my last post at the start of April my wines have increased in value by a further £600 - I'll be keeping a very close eye on things: hopefully the en primeur campaign will be successful, but the Bordelais will need to be careful they don't price themselves to highly or there could be trouble.
  5. Well, one year and one month has passed since I bought my wine (as outlined above) and today I checked winesearcher.com to see what they are now worth, and the total is... £25,332 (up 13.8%) Also, the first reports on the hugely anticipated 2009s are coming through and Livex reckons that it will drink earlier than 2005 - there seems to be a feeling that some of the major producers blew it, although the First Growths look fantastic.
  6. Just back from Bordeaux. All the Merlot for the 2009 vintage has been picked, still plenty of Cabernet to be harvested. Gorgeous weather and conditions all Summer. I spoke to winemakers in Pomerol, St Emilion, Pauillac, Margaux and St Julien - the general feeling is that while 2005 is the vintage of the century, 2009 will be the vintage of the millenium. Right Bank producers were ecstatic, while Left Bank winemakers were understandably more reticent as they still had to get the bulk of their crop in - incredibly late - zero rot, maximum ripeness, sugar etc. This is going to be a big one - Parker has already said it might just be a wee bit too hot compared to the perfection of 2005, but certainly a vintage to invest in. One negociant I spoke to expects the en primeur price of the first growths to be set around 4,000euro per case! Watch this space.
  7. Yeah, I missed the boat big time, unfortunately, but back in 2006 I just didn't have the readies for any type of investment. However, I'm quite pleased that my hunch a few months back seems to have been okay and that prices have stabilised. The important thing is that I am quite prepared to forget about the wine for up to ten years, perhaps longer, so I am confident of a good return on the wines. Time will probably show that I should have went for Lafite to capitalise on Far Eastern interest, but I've just got a feeling that Margaux may pull away as the jewell in the crown of the 05's and interest in it will heat up over the long term. As Michael Broadbent would say: "we shall see". Significantly (and encouragingly), Robert Parker's sidekick Neal Martin scored Chateau Margaux (of which I bought 2 cases) 100/100 on June 15th: "I ended up giving one perfect mark and it went to Château Margaux 2005, which was crowned wine of the flight thanks to what I must assume is an unprecedented five perfect scores from tasters. It was not only perfect from a sensory point-of-view, but this ‘nimbus’ was imbued with something spiritual, a wine the evoked a primal emotional response, as if plugging into the direct mains of Bacchus himself. Tasted single blind at Southwold. The crystalline nose here is primal, backward, takes some coaxing from the glass: blackberry, bilberry, briary, graphite and a spellbinding sense of mineralite. The palate is beautifully balanced with svelte tannins. Touches of sandalwood inflecting the pure fruit, deftly integrated new oak; incredible length once again. Despite the vice-like grip on the finish there is a feminine quality to this wine. Quite simply: it takes your breath away. Perfection. Drink 2015-2040+ Tasted January 2009." That's about as exciting a tasting note as I have ever read from a professional reviewer, much more open than his slightly restrained April 2006 note. I'm hopeful that when Big Bob gets around to tasting it again in the next few years he will wax lyrical just as strongly and land Margaux with another ton, pushing the price up as strongly as he did with the 2008s recently.
  8. I've just put together Jancis' scores across three tastings. The first is the February 2009 tasting, the second is October 2008, and the third is the EP tasting of April 2006. Lafite is the only wine she has marked up, Haut Brion has dropped by two full points, but I'm pretty sure Jancis is taking in to account their current drinkability in their "dumb" state, perhaps trying to ward off those who want to guzzle the wines now: Ch Haut-Brion 2005 Pessac-Léognan 17.5 - 18.5 - 19.5 Ch Lafite 2005 Pauillac 18.5 - 18 - 19 Ch Latour 2005 Pauillac 19 - 19 - 19.5 Ch Margaux 2005 Margaux 18 -19 - 19.5 Ch Mouton Rothschild 2005 Pauillac 18 - 18 - 18.5 Bob's been getting a bit of a battering from the trade. Berry Bros. launching a mini tirade here http://www.bbr.com/GB/fine-wine/berrys-on-parker I think the important thing is that in spite of all the bickering and controversy about 2008, 2005 is still seen as the vintage of the decade, and there is enough daylight between it and whatever comes next to secure its near mythical status.
  9. lol - I've heard the Petrus and Coke story so many times now! I'm expecting Parker to firm up his scores for the 2005's, but you never know... Jancis Robinson pulled back her scores and noticed niggly little quirks with the wines in February this year - of course they are at a very awkward stage. However, the word is that Parker (and Jancis) put the wines in to a bubble and scored them against their peers from 2005, rather than by comparison with other vintages. Hopefully when they really start to sing the 100/100 and 20/20 scores will come thick and fast - at least Parker left himself enough room to lift the wines up another notch or two. I bought some 2000 Margaux - 20/20 from Jancis, 100/100 from Bob, 5/5 from Broadbent etc etc etc. Hopefully the next few years will pump up the price -as you say, it will be coming in to its drinking window. By the by - I really don't understand why there has been such a lack of discussion about wine as an investment at this time. I haven't seen anything in the press either.
  10. I'm still a bit lost with regard to the currency issue to be honest. Parker's scores for 2008 have come through and the general consenus is that they are ridiculously high - he made Lafite jump from £2000 per case to £3500 in a day - mental! Anyone who buys the 08s at that price is certifiable - still it will prop the 2005s up nicely against any further drops...I think big Bob is still upset that he messed up the 05's at first and he's been trying to steal a march on other journos ever since. He's looking a bit foolish, which I think will be no bad thing in the long run. There's a healthy gap opening up between the 2005's and the next great vintage, whenever it happens. I'm very happy - my only slight regret being that I didn't buy Lafite instead of Margaux, but I'm willing to bet that the Far Eastern market will have become more sophisticated and open in the next ten years and that Margaux will be perfectly placed as the better wine once their obsessive fixation with Lafite wears thin.
  11. This question has been annoying me for over a month now! Perhaps someone who is savvy when it comes to currency could help out... For argument's sake, say the case of wine cost £10,000 GBP...
  12. I don't think I'm taking the f+++ing piss, and I don't think I'm exploiting anyone. As for being clued in, I made the incredibly clever decision to buy our current home for top whack in August 2007 - once bitten and all that! A few months ago I was ready to jump in and buy a two bed flat in Belfast. I decided to post my plans here and my idea was shot down by a lot of very clever people. I heeded their advice and I'm really glad I did. I'm sure you've seen the people who ask for advice here then just ignore it because it's not what they want to hear - I really badly wanted that flat, but I didn't want to lose money more, so I listened to people who knew more than me and who didn't have a vested interest. If I hadn't done any research and I had bought a flat which might drop in value by another £30k over the next year would it be fair to say the vendor was exploiting me? I don't think so - I think it's a case of caveat emptor. If someone does decide to pay over the odds for my house now, well all I can say is more fool them - there are plenty of voices warning against buying and if someone decides to fly in the face of that they can't have any complaints when they find themselves landed with a bum deal. It's hardly exploitative - it's not like I'm press-ganging anyone in to trying to buy my house. I just think there is a little window to sneak through at the moment with this blip, and my house is attractively priced compared to others in the area. There are certain people out there who will just go against all the advice and fuel this blip - why shouldn't I benefit? I hope that my post (and my bluntness) helps people here like Kalivero realise that it's probably a bad thing to buy now - if someone else somehow manages to finance the £125k for my house and hasn't had the foresight to sniff around this forum and other resources for snippets like this then, IMO, they deserve what they get.
  13. Yup - I'm being completely honest. Anyone who buys my house is a mug - if they don't do a bit of research and check resources like this forum and website then they will have no one to blame but themselves. It probably won't go, but it's worth a try - I'll keep you posted.
  14. Well, I spoke to an EA this morning and he reckoned £125k might do the trick (it's now the cheapest property in his portfolio in South Down). What's good about my plan is that it really doesn't matter to me if I sell or not - ie it's not a distress sale. I understand what Pam is saying about the pricing being too high, and I completely agree - I'm just taking a punt on the fact that someone who wishes to part with their money may bite on my particular hook. If someone is silly enough to buy at £125k (personally I wouldn't pay more than the £85k I bought it for in 2005) I will be very happy - I'm just hoping that some eternal optimist out there interprets this little upward blip as green shoots and takes the plunge.
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