Backfill Burgs, Baby

[Peter_Chiu]

@Peter Hirsch

@Robert Grenley

And fondly remember the good old days when buying Rousseau and Dujac et al did not seem such an extravagance.

Was checking some of my old prices paid on CT, very depressing:

2002 Rousseau ‘Clos de la Roche’ $66 per
2003 Rousseau ‘CDLR’ and ‘Charmes Chamb’ $70 per
2002 and 2003 Rousseau Ruchottes Chamb $88 per
1999 and 2002 Rousseau ‘Clos st Jacques’ $112 per
2001 Rousseau ‘Chamb’ and ‘Chamb Beze’ $150 per
1999 and 2002 Rousseau ‘Chamb’ and ‘Beze’ $203 per

And that wasn’t that long ago for all this stuff. From 10 to 6 years ago…

I would call that the Metadows effect. I stopped buying Rousseau’s CdBese after vintage 2001.

Depressing…not really. Buy more D-L.

[Richard_T_r_i_m_p_i]

@Kevin Harvey

That pretty much sums up my view of Burgundy. It is my greatest wine love but the pricing is going beyond anything remotely justifiable. Time to move to Piemonte…

I truly hate to agree Kevin, but the writing is on the wall. I’ll continue to look for alternatives.

It helps to have a decent Burg supply in the cellar but they won’t be consumed as often, or replaced with any regularity.

RT

[Tom_Blach]

Exactly that. This is the first Christmas at which I don’t feel able to throw lovely Burgundies at family and friends with reckless abandon.

[Danius_Barzdukas]

So who, exactly, is buying the stuff? I have been wondering who can afford the prices if even the doctors and lawyers are complaining about not having enough money to purchase burgundy anymore. My own theory is that it is whoever is benefitting from the money being ‘generated’ by the 0% percent lending rates that is being funneled to the financial sector. It may be these people who have found an interest in burgundy and since they have the money that needs an outlet this has become one of them. Of course I have no way to prove this, but the extreme rise in prices over the last few years is really baffling, and there must be something else happening in the economy that is making these price rises possible. If the bubble that has been generated by the money creation by central banks pops, then maybe prices will go down. At least that is my hope.

[Nick_Gangas]

@Peter Chiu

@Peter Hirsch

@Robert Grenley

And fondly remember the good old days when buying Rousseau and Dujac et al did not seem such an extravagance.

Was checking some of my old prices paid on CT, very depressing:

2002 Rousseau ‘Clos de la Roche’ $66 per
2003 Rousseau ‘CDLR’ and ‘Charmes Chamb’ $70 per
2002 and 2003 Rousseau Ruchottes Chamb $88 per
1999 and 2002 Rousseau ‘Clos st Jacques’ $112 per
2001 Rousseau ‘Chamb’ and ‘Chamb Beze’ $150 per
1999 and 2002 Rousseau ‘Chamb’ and ‘Beze’ $203 per

And that wasn’t that long ago for all this stuff. From 10 to 6 years ago…

I would call that the Metadows effect. I stopped buying Rousseau’s CdBese after vintage 2001.

Depressing…not really. Buy more D-L.

I thought it was the “Rudy effect”. Are we still blaming the Chinese ?

[John_J_Vachon]

Been doing back fill on 09 & 10’

[Robert_Grenley]

@Tom Blach

Exactly that. This is the first Christmas at which I don’t feel able to throw lovely Burgundies at family and friends with reckless abandon.

Another effect of the escalation in prices…those wines you bought years ago when the prices were “more reasonable” (may not have seemed that way at the time, though) have become precious things not easily replaced. Although we may try to ignore this and pull them out as freely as before, it is difficult to ignore that those Rousseau Chambertins or Dujac Bonnes Mares are now several hundred dollars a bottle upon release, and perhaps even more for those mature bottles, and we may not be able to afford to replace them with any future vintages. Thus we become more hesitant to tap our finite and diminishing supply, and our expectations may rise to unreasonable levels when we do sample these rare treasures.

[Nick_Ryan]

Actually the more I think about it the more I believe the price increases will falter sooner rather than later. There’s a legit argument to be made that top Grand Cru from top producers really are unique and have no peers in the wine world, and thus have no price ceiling. But take a short step down, to your average Clos Vougeots and virtually all PCs, and I can match that enjoyment in other parts of the world for at most the same price. (Note I said enjoyment, not experience; Burgundy the exact experience is not reproducible, see below.) I predict those who try to push the prices of, say, PC Burgs from vineyards of middling reputation past $100 a bottle from vintages whose only claim to fame is scarcity will quickly discover that demand is not as inelastic as they thought.

Unfortunately some people are cursed with a Burgundy-only palate, something I’ve never suffered from… if so, my sincere condolences, and hopefully somebody will develop a treatment for it someday.

[Robert_Grenley]

I walk amongst the living, but I am cursed!

[Peter_Chiu]

@Nick Gangas

@Peter Chiu

I would call that the Metadows effect. I stopped buying Rousseau’s CdBese after vintage 2001.

Depressing…not really. Buy more D-L.

I thought it was the “Rudy effect”. Are we still blaming the Chinese ?

I would say Rousseau and Roumier were not that pricey and quite easily available until vintage 2002. Since the birth of Burghound and Meadows was doing and report all those comparative tastings, I needed to gave up on them …because of strick allocation from the importer here !!





Now with Rudy in charge of the wines making there - please blame it on him

[Peter_Hirsch]

@Nick Ryan

Actually the more I think about it the more I believe the price increases will falter sooner rather than later. There’s a legit argument to be made that top Grand Cru from top producers really are unique and have no peers in the wine world, and thus have no price ceiling. But take a short step down, to your average Clos Vougeots and virtually all PCs, and I can match that enjoyment in other parts of the world for at most the same price.

Pretty sensible and how things have worked in most ‘commodity’ markets. The first move is for everything to move higher. Then where the substitution effect can work, lots fall back in price. Question is, which wines have reasonable substitutes? Take all those highly rated St. Emilions that Parker reviewed. They all have similar flavor profiles, all are substitutes, none can drive higher in price. But when one becomes unique (1990 Beausejour Duffau, generally Angelus, etc), those can go higher. Same in Burgundy. '99 or '02 or '05 or '09 or '10 or '12 Rousseau ‘Chambertin Beze’ is unique and can go to any price. But '08 Meo-Camuzet ‘Echezeaux’ was offered this week for less than $100 and that’s what it took to clear the market (vintage iffy and lots of Echezeaux makers, not really grand cru, etc…)

[Nick_Gangas]

Nice Peter. Meo makes a great Echezeaux

[Fred_C]

@Peter Hirsch

But '08 Meo-Camuzet ‘Echezeaux’ was offered this week for less than $100 and that’s what it took to clear the market (vintage iffy and lots of Echezeaux makers, not really grand cru, etc…)

Whaaaaat?! Where was this offer from?! Share please

Meo with age is delicious.

[Peter_Hirsch]

Garys Wines.


Meo-Camuzet
reg price
our sale price
Savings
Bottles Available
Burghound
Wine Advocate
Tanzer
Chambolle Musigny
2007
86.00
39.99
54%
6
87-89
87+
Chambolle Musigny 1er Feusselottes
2008
160.00
69.99
56%
5
86-89
89
87-89
Clos Vougeot Grand Cru 1.5L
2008
475.00
199.99
58%
3
90-92
92
91
Corton Clos Rognet Grand Cru
2007
300.00
149.99
50%
7
91-93
90+
Corton Clos Rognet Grand Cru
2008
300.00
149.99
50%
17
91-93
91
90+
Echezeaux Grand Cru
2007
220.00
109.99
50%
9
92
90
90-92
Echezeaux Grand Cru
2008
200.00
99.99
50%
18
90-93
92
90-93
Fixin Chapitre
2007
65.00
29.99
54%
6
86-89
86-88
Fixin Chapitre
2008
62.00
29.99
52%
14
86-89
89
87-89
Fixin
2008
49.00
21.99
55%
12
85-88
Marsannay
2006
55.00
24.99
55%
13
84-87
88
Chambolle Musigny 1er les Cras
2006
160.00
74.99
53%
2
88-90
88
87-89
Chambolle Musigny 1er les Cras
2007
160.00
74.99
53%
14
88-91
Chambolle Musigny 1er les Cras
2008
140.00
64.99
54%
13
87-90
88-90
Nuits St Georges 1er Argillats
2007
160.00
74.99
53%
8
89-91
87-90
Nuits St Georges 1er Boudots
2007
160.00
74.99
53%
2
90-92
90
Nuits St Georges 1er Murgers
2007
150.00
69.99
53%
10
91
89-91
Nuits St Georges 1er Murgers
2008
150.00
69.99
53%
36
90-93
88-91
Nuits St Georges 1er Perrieres
2007
150.00
69.99
53%
8
88-91
Nuits St Georges 1er Perrieres
2008
150.00
69.99
53%
11
88-91
89-90
Vosne Romanee 1er Chaumes
2007
150.00
74.99
50%
11
88-91
88
88-90
Vosne Romanee 1er Chaumes
2008
150.00
74.99
50%
12
88-91
89
89-91
Lamarche
La Grand Rue Grand Cru
2006
289.00
143.99
50%
11
91-94
91-93

[Peter_Hirsch]

Just another retailer stuck with '06, '07, '08 red Burgs, got to cut price to move them on. Same with '11 and soon to be '13. '05, '09, '10, '12 fly out the door at almost any price, the rest stick behind.

[Fred_C]

Thanks Peter. Odd, no more 2008 Meo Echezeaux at $100 anymore

[Peter_Hirsch]

Yep, that one seemed wrong!!!

[Charlie_Carnes]

I have just added a few older (2005-2008) Lafarge and Mugneret-Gibourg.

[billnanson]

I just bought 26 bottles of perfectly stored, mixed 93s - does that count?

[Nick_Gangas]

@billnanson

I just bought 26 bottles of perfectly stored, mixed 93s - does that count?

Damn straight. 93 is my favorite vintage now.