The greatest wine purchase ever

Tasting notes, varietals, grapes - anything related to wine
Post Reply
Message
Author
brodie thomson
Posts: 881
Joined: May 23rd, 2010, 9:25 am
Location: Auckland, New Zealand

The greatest wine purchase ever

#1 Post by brodie thomson » January 3rd, 2020, 4:54 pm

but sadly not by me. I was there and watched but did not buy. Probably the worst financial decision of my life. In fairness UKP 200,000 was a huge amount of money back then.

Christie’s held a single vendor auction on 16 June 1994, there was a morning, afternoon and an evening session (with nearly 850 lots) I went to the evening session out of interest. The auction also contained two "super lots". One was in bond and the other duty paid. The duty paid evening super lot hammered for UKP 200k. 197 cases of wine, but wow check out what was included. I cannot even begin to imagine what this lot would be worth today, all with impeccable provenance and storage. Sigh - the clarity of hindsight....
1994_p1.jpg
1994_p2.jpg
1994_p3.jpg
Last edited by brodie thomson on January 3rd, 2020, 7:13 pm, edited 2 times in total.

Doug Schulman
GCC Member
GCC Member
Posts: 5293
Joined: October 21st, 2009, 9:42 am
Location: MA

Re: The greatest wine purchase ever

#2 Post by Doug Schulman » January 3rd, 2020, 5:07 pm

I wonder why they listed it all as one lot instead of breaking it up. I guess there are some things in there that were not nearly as attractive as the bulk of it, but still... Does anyone know why they would have sold it that way?

brodie thomson
Posts: 881
Joined: May 23rd, 2010, 9:25 am
Location: Auckland, New Zealand

Re: The greatest wine purchase ever

#3 Post by brodie thomson » January 3rd, 2020, 5:10 pm

Doug Schulman wrote:
January 3rd, 2020, 5:07 pm
I wonder why they listed it all as one lot instead of breaking it up. I guess there are some things in there that were not nearly as attractive as the bulk of it, but still... Does anyone know why they would have sold it that way?
It was a huge auction and there was 847 lots in total. Pretty much everything in the super lots was offered by the case as well. I only scanned the one lot not the entire catalogue

Brodie

James Sanders
Posts: 614
Joined: June 1st, 2009, 12:35 pm

Re: The greatest wine purchase ever

#4 Post by James Sanders » January 3rd, 2020, 5:11 pm

Talk about wine porn. I doubt many investments would have outperformed this lot over the last 26 years.

JonathanG
GCC Member
GCC Member
Posts: 259
Joined: August 7th, 2019, 10:45 pm
Location: SF Bay Area - Mid Peninsula

Re: The greatest wine purchase ever

#5 Post by JonathanG » January 3rd, 2020, 5:38 pm

wow that is insane. That's like $375k in today's inflation-adjusted dollars. Talk about buying a winning lottery ticket...
J0|\|@+h@n Gr@h@m

User avatar
Pat Esposito
Posts: 224
Joined: March 13th, 2011, 7:12 pm
Location: NE Ohio

Re: The greatest wine purchase ever

#6 Post by Pat Esposito » January 3rd, 2020, 6:01 pm

I bought a bottle of ‘85 Marcel Juge Cornas for $50 about two years ago. I haven’t opened it yet, but the provenance was excellent.

Not quite the same as above but also not bad either

User avatar
Kris Patten
GCC Member
GCC Member
Posts: 4930
Joined: February 1st, 2009, 6:25 pm
Location: Seattle

Re: The greatest wine purchase ever

#7 Post by Kris Patten » January 3rd, 2020, 6:54 pm

Crazy, 72 bottles of Rayas 1978 CdP.
ITB

User avatar
CJ Beazley
GCC Member
GCC Member
Posts: 25995
Joined: December 3rd, 2011, 6:33 am
Location: Ovilla\Midlothian Texas

Re: The greatest wine purchase ever

#8 Post by CJ Beazley » January 3rd, 2020, 7:02 pm

Kris Patten wrote:
January 3rd, 2020, 6:54 pm
Crazy, 72 bottles of Rayas 1978 CdP.
30 magnums of Chave Hermitage? Seriously
It's C(raig)

User avatar
Alan Rath
GCC Member
GCC Member
Posts: 19850
Joined: April 24th, 2009, 12:45 am
Location: Bay Area, CA. Sometimes out to lunch.

Re: The greatest wine purchase ever

#9 Post by Alan Rath » January 3rd, 2020, 7:51 pm

CJ Beazley wrote:
January 3rd, 2020, 7:02 pm
Kris Patten wrote:
January 3rd, 2020, 6:54 pm
Crazy, 72 bottles of Rayas 1978 CdP.
30 magnums of Chave Hermitage? Seriously
Not just Chave. 1978 Chave.
I'm just one lost soul, swimming in a fish bowl, year after year

User avatar
Nick Ellis
Posts: 234
Joined: January 6th, 2016, 6:43 am

Re: The greatest wine purchase ever

#10 Post by Nick Ellis » January 3rd, 2020, 8:35 pm

36 bottles of 61 La Chapelle

User avatar
Jorge Henriquez
Moderator
<dfn>Moderator</dfn>
Posts: 14269
Joined: January 27th, 2009, 12:11 pm
Location: Westchester County, NY

Re: The greatest wine purchase ever

#11 Post by Jorge Henriquez » January 3rd, 2020, 8:41 pm

99 bottles of beer!
Cohort Numero Uno!
"I'm a bowl of excitement, bitch!" TMF 08/13/10

NED VALOIS
Posts: 5840
Joined: March 7th, 2012, 9:47 am
Location: South Miami,Fl

Re: The greatest wine purchase ever

#12 Post by NED VALOIS » January 3rd, 2020, 8:58 pm

champagne.gif [wow.gif] PARTY AT BRODIE'S

edwardmilstein
Posts: 451
Joined: July 23rd, 2010, 8:06 am

Re: The greatest wine purchase ever

#13 Post by edwardmilstein » January 4th, 2020, 2:13 am

Now that's a super lot- looks like 3,500,000 +. There's a massive amount of great wine to drink there. Thanks for posting
drinker,drinker,drinker,collector,negotiant,importer.ITB

User avatar
Ken V
GCC Member
GCC Member
Posts: 38626
Joined: January 27th, 2009, 12:42 pm
Location: Delmar, NY
Contact:

Re: The greatest wine purchase ever

#14 Post by Ken V » January 4th, 2020, 7:44 am

I bought 2 cases of 1982 Leoville Poyferre for $9 a bottle, but I guess this tops that. ;)
Ken V @ s t o l @
The Fine Wine Geek
Click on the W W W button under my name to see my website.
"Don't be meek, embrace the geek." -Terry Theise
Twitter: @FineWineGeek

User avatar
Brian S t o t t e r
GCC Member
GCC Member
Posts: 962
Joined: April 21st, 2015, 6:05 am
Location: St. Louis, MO
Contact:

Re: The greatest wine purchase ever

#15 Post by Brian S t o t t e r » January 4th, 2020, 7:57 am

Do people still buy super lots like this? Could be a great new TLC show, like Storage Wars.
CT: InZinity

2020 contenders for WOTY:
2017 Goodfellow Family Cellars Durant Vineyard Chardonnay

User avatar
alan weinberg
GCC Member
GCC Member
Posts: 12290
Joined: April 25th, 2009, 1:23 pm

Re: The greatest wine purchase ever

#16 Post by alan weinberg » January 4th, 2020, 8:42 am

my best purchase—5 magnums of 90 La Tâche at $550 per.

User avatar
CJ Beazley
GCC Member
GCC Member
Posts: 25995
Joined: December 3rd, 2011, 6:33 am
Location: Ovilla\Midlothian Texas

Re: The greatest wine purchase ever

#17 Post by CJ Beazley » January 4th, 2020, 9:45 am

I’ll admit I’m not familiar with Emile Champet Côte Rotie.
It's C(raig)

User avatar
Robert.A.Jr.
GCC Member
GCC Member
Posts: 22621
Joined: January 28th, 2010, 5:03 am
Location: Orlando, Florida

Re: The greatest wine purchase ever

#18 Post by Robert.A.Jr. » January 4th, 2020, 9:58 am

CJ Beazley wrote:
January 4th, 2020, 9:45 am
I’ll admit I’m not familiar with Emile Champet Côte Rotie.

It’s worth tracking down, look for 2013 and 2010.

"@lf3rt was clearly raised in an outhouse in the Loire. . . ."

Kenny H (circa 2015)

Charlie Carnes
GCC Member
GCC Member
Posts: 2542
Joined: April 30th, 2010, 2:13 pm

Re: The greatest wine purchase ever

#19 Post by Charlie Carnes » January 4th, 2020, 11:02 am

alan weinberg wrote:
January 4th, 2020, 8:42 am
my best purchase—5 magnums of 90 La Tâche at $550 per.
Impressive. I have a mag of the 1985, but did not make that kind of deal. It has still appreciated nicely.
So shines a good deed in a weary world!

User avatar
S. Stevenson
Posts: 655
Joined: February 4th, 2016, 3:05 pm
Location: Los Angeles

Re: The greatest wine purchase ever

#20 Post by S. Stevenson » January 4th, 2020, 12:55 pm

WOW. I can't imagine what that would bring today.
Stan

D@ve D y r 0 f f
GCC Member
GCC Member
Posts: 722
Joined: May 14th, 2016, 9:22 am
Location: St. Louis, MO

Re: The greatest wine purchase ever

#21 Post by D@ve D y r 0 f f » January 4th, 2020, 1:56 pm

Robert.A.Jr. wrote:
January 4th, 2020, 9:58 am
CJ Beazley wrote:
January 4th, 2020, 9:45 am
I’ll admit I’m not familiar with Emile Champet Côte Rotie.

It’s worth tracking down, look for 2013 and 2010.
If I'm interpreting JLL's book correctly, these are all fathers and sons, but not the same vines. It appears that Emile had a couple of small parcels, mostly in Le Mollard, while his son Joël (and now Joël's two sons) have a larger parcel in La Viallière. The 2010 and 2013 would be the latter parcel (as are the '15s I'm sitting on), the '78s in the auction lot would be the former.

As for the OP, I would have been £19x,xxx short of the funds needed to make the buy back in 1994, but if only I'd known. Just the '78 Rhônes… flirtysmile

Andrew Coll
Posts: 30
Joined: December 31st, 2019, 10:07 am

Re: The greatest wine purchase ever

#22 Post by Andrew Coll » January 4th, 2020, 6:15 pm

[winner.gif]
Jorge Henriquez wrote:
January 3rd, 2020, 8:41 pm
99 bottles of beer!
Andrew Collins

Thomas De Waen
Posts: 158
Joined: February 6th, 2012, 8:52 am

Re: The greatest wine purchase ever

#23 Post by Thomas De Waen » January 5th, 2020, 11:14 am

The funny thing about all those "looking back" lists is that the wine hasn't changed, only the price did.

We could all have maxed out on Rousseau Chambertin at 400$/bottle 10 years ago but didn't. If we'd be offered those wines at that price today we'd jump on them. It's like the Warren Buffet thing "Price is what you pay, value is what you get": value doesn't change, prices do... and as a community we're much better at knowing prices than fundamental value.

There's a bunch of wines today that we know and are widely available at a reasonable price, but we're not maxing out on them because the price looks "fair". In 10 years they'll be super popular, trading at much higher prices and we'll all reminisce about how amazing a deal they were back in the days/regret we didn't buy more. The vinous wheel of life.

AAgrawal
GCC Member
GCC Member
Posts: 1945
Joined: May 8th, 2010, 7:22 pm

Re: The greatest wine purchase ever

#24 Post by AAgrawal » January 5th, 2020, 5:09 pm

Thomas De Waen wrote:
January 5th, 2020, 11:14 am
The funny thing about all those "looking back" lists is that the wine hasn't changed, only the price did.

We could all have maxed out on Rousseau Chambertin at 400$/bottle 10 years ago but didn't. If we'd be offered those wines at that price today we'd jump on them. It's like the Warren Buffet thing "Price is what you pay, value is what you get": value doesn't change, prices do... and as a community we're much better at knowing prices than fundamental value.

There's a bunch of wines today that we know and are widely available at a reasonable price, but we're not maxing out on them because the price looks "fair". In 10 years they'll be super popular, trading at much higher prices and we'll all reminisce about how amazing a deal they were back in the days/regret we didn't buy more. The vinous wheel of life.
Great post.

There are certainly wines I drink now but don't cellar a lot of, because I believe I'll be able to buy them in the future at a good price. If I knew the prices were going to go up, I might cellar more of them. It's just a fact of having limited cellar space... I would rather put in a bottle that I won't be able to find or afford later rather than one that I will.

Also, money does change over time. Even just based on inflation, GBP200,000 would be GBP400,000 by now. And the S&P is 6x what it was in 1994, so that would be GBP 1,200,000, or about $1.6 million. Maybe this cellar is worth more, or maybe it just contains wines in quantities that would be unobtainable, but it's not a cheap cellar either now or back in 1994.
A s h i s h A g r a w a l

matthew c
Posts: 27
Joined: December 27th, 2019, 4:35 pm

Re: The greatest wine purchase ever

#25 Post by matthew c » January 7th, 2020, 9:35 am

I think the most impressive thing is just looking at the quantities of the wine that would be impossible to find today. Even if costs were similar, just finding all of this today would be a challenge.
C l o u t i e r

Post Reply

Return to “Wine Talk”