Have wine auction lots become much more scarce....?

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Re: Have wine auction lots become much more scarce....?

#151 Post by Victor Hong »

MikeL238 wrote: February 22nd, 2021, 6:10 am
Victor Hong wrote: February 21st, 2021, 7:48 pm I was surprised that the Beringer Merlot Bancroft Ranch 1993 and 1994 did not jump so much from initial pricing.

I just bid for this, but another person topped me.
https://www.winebid.com/BuyWine/Item/77 ... -Sauvignon
Signs of past seepage though? [scratch.gif]

Older CA magnums tend to have some seepage. If cork bulge and heat damage were apparent, I would not have bid.
The price was worth the risk, to me. Moot now, as somebody else topped me.
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Re: Have wine auction lots become much more scarce....?

#152 Post by Keith St. Germain »

Victor Hong wrote: February 21st, 2021, 7:48 pm I was surprised that the Beringer Merlot Bancroft Ranch 1993 and 1994 did not jump so much from initial pricing.

I just bid for this, but another person topped me.
https://www.winebid.com/BuyWine/Item/77 ... -Sauvignon
I was too. Miffed I missed on the '93...

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Re: Have wine auction lots become much more scarce....?

#153 Post by Victor Hong »

This is forcing me back to the retail world. I just grabbed some Lewelling 1993 CS at Blacksmith Wines in NY, for $39 per bottle, plus others.

https://www.blacksmithfinewines.com/pro ... -1993/8208

https://www.blacksmithfinewines.com/pro ... -1990/8122

https://www.blacksmithfinewines.com/pro ... -1994/8379
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Re: Have wine auction lots become much more scarce....?

#154 Post by MikeL238 »

Blacksmith is great, but that credit card processing fee...😣
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Re: Have wine auction lots become much more scarce....?

#155 Post by Victor Hong »

The all-in tariff matters, not its underlying bits.
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Re: Have wine auction lots become much more scarce....?

#156 Post by TimF »

Tim F@itsch

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Re: Have wine auction lots become much more scarce....?

#157 Post by Victor Hong »

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Re: Have wine auction lots become much more scarce....?

#158 Post by MikeL238 »

Victor Hong wrote: February 26th, 2021, 5:17 am https://www.winebid.com/BuyWine/Item/77 ... oclimate-2

To the moon, Alice.
[truce.gif] [truce.gif] [truce.gif]
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Re: Have wine auction lots become much more scarce....?

#159 Post by Dale Bowers »

Current Hart Davis Hart Burgundy action, people paying crazy prices. Been shut out of every lot I bid on so far....by a lot.
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Re: Have wine auction lots become much more scarce....?

#160 Post by Dennis Borczon »

I have wondered how much of this traffic is being driven by a handful of individuals, or buying syndicates, with relatively bottomless resources. At some point, I have got to believe soon, the prices of DRC are going to hit a hard celling. These ain't Van Goughs, they make more every year. Speculation and short term profit taking only get you so far. But I guess everyone should enjoy the wild ride for now. Rousseau Chambertin at $4,000.00 a bottle? I am not sure anyone will ever be actually drinking those...

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Re: Have wine auction lots become much more scarce....?

#161 Post by Victor Hong »

https://www.winebid.com/BuyWine/Item/77 ... -Sauvignon

Within one year, this wine has increased in price by at least two and a half times. The 1992 Merlot has tripled.
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Re: Have wine auction lots become much more scarce....?

#162 Post by crickey »

Dale Bowers wrote: February 26th, 2021, 8:08 am Current Hart Davis Hart Burgundy action, people paying crazy prices. Been shut out of every lot I bid on so far....by a lot.
Not just the Burgundy.
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Re: Have wine auction lots become much more scarce....?

#163 Post by MikeL238 »

Victor Hong wrote: February 26th, 2021, 11:52 am https://www.winebid.com/BuyWine/Item/77 ... -Sauvignon

Within one year, this wine has increased in price by at least two and a half times. The 1992 Merlot has tripled.
I 100% blame this increase on you Victor! [wink.gif]
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Re: Have wine auction lots become much more scarce....?

#164 Post by Victor Hong »

MikeL238 wrote: February 26th, 2021, 12:31 pm
Victor Hong wrote: February 26th, 2021, 11:52 am https://www.winebid.com/BuyWine/Item/77 ... -Sauvignon

Within one year, this wine has increased in price by at least two and a half times. The 1992 Merlot has tripled.
I 100% blame this increase on you Victor! [wink.gif]
Why? I paid only the old prices. Unlike all the WineHunter Wannabees!
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Re: Have wine auction lots become much more scarce....?

#165 Post by MikeL238 »

Victor Hong wrote: February 26th, 2021, 12:51 pm
MikeL238 wrote: February 26th, 2021, 12:31 pm
Victor Hong wrote: February 26th, 2021, 11:52 am https://www.winebid.com/BuyWine/Item/77 ... -Sauvignon

Within one year, this wine has increased in price by at least two and a half times. The 1992 Merlot has tripled.
I 100% blame this increase on you Victor! [wink.gif]
Why? I paid only the old prices. Unlike all the WineHunter Wannabees!
I definitely loaded up on them because of your post last year haha. I think a lot of us did actually.
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Re: Have wine auction lots become much more scarce....?

#166 Post by Victor Hong »

So blame yourself!
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Re: Have wine auction lots become much more scarce....?

#167 Post by MikeL238 »

Victor Hong wrote: February 26th, 2021, 12:59 pm So blame yourself!
Never! [rofl.gif]
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Re: Have wine auction lots become much more scarce....?

#168 Post by HoosJustinG »

Not even watching HDH today ... dont want to get mad.
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Re: Have wine auction lots become much more scarce....?

#169 Post by crickey »

HoosJustinG wrote: February 26th, 2021, 1:08 pm Not even watching HDH today ... dont want to get mad.
I don't get mad; I just shrug and move on with life. 1996 Krug just went for $720. There's a wine I'm not going to get to drink. Whatever. My income is not keeping up with asset inflation.
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Re: Have wine auction lots become much more scarce....?

#170 Post by Victor Hong »

crickey wrote: February 26th, 2021, 1:28 pm
HoosJustinG wrote: February 26th, 2021, 1:08 pm Not even watching HDH today ... dont want to get mad.
I don't get mad; I just shrug and move on with life. 1996 Krug just went for $720. There's a wine I'm not going to get to drink. Whatever. My income is not keeping up with asset inflation.
The best hedge for asset inflation is to own assets.
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Re: Have wine auction lots become much more scarce....?

#171 Post by Marc_Hanes »

Victor Hong wrote: February 26th, 2021, 1:30 pm The best hedge for asset inflation is to own assets.
Vic, you piqued my interest here. Given that I'd like to hedge as discussed, how do I own assets?
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Re: Have wine auction lots become much more scarce....?

#172 Post by Nathan Smyth »

Marc_Hanes wrote: February 27th, 2021, 8:53 pm
Victor Hong wrote: February 26th, 2021, 1:30 pm The best hedge for asset inflation is to own assets.
Vic, you piqued my interest here. Given that I'd like to hedge as discussed, how do I own assets?
1) Stock up on old currency.

2) Build time machine and go back in time to when asset was "Low".

3) Purchase said asset with old currency.

4) Take time machine into future, when asset is "High". Sell for future currency. Use future currency to stock up on old currency.

5) Take time machine & future's old currency back into present.
Last edited by Nathan Smyth on February 27th, 2021, 10:12 pm, edited 1 time in total.

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Re: Have wine auction lots become much more scarce....?

#173 Post by Mark Y »

Victor Hong wrote: February 26th, 2021, 1:30 pm
crickey wrote: February 26th, 2021, 1:28 pm
HoosJustinG wrote: February 26th, 2021, 1:08 pm Not even watching HDH today ... dont want to get mad.
I don't get mad; I just shrug and move on with life. 1996 Krug just went for $720. There's a wine I'm not going to get to drink. Whatever. My income is not keeping up with asset inflation.
The best hedge for asset inflation is to own assets.
So... Buy a house? ;)
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Re: Have wine auction lots become much more scarce....?

#174 Post by Nathan Smyth »

Mark Y wrote: February 27th, 2021, 10:00 pmSo... Buy a house? ;)
Be a 24 year old Boomer in 1970, purchase a 1500 sq ft ranch house for $10,000 in Cupertino California [near conjunction of Northampton Drive and Scully Avenue], wait patiently for 50 years, sell for $10,000,000.

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Re: Have wine auction lots become much more scarce....?

#175 Post by Ethan Abraham »

The nuttiest lot I saw yesterday was 3 bottles of 1996 Dujac village (1 msd and 2 cm) that went for $520 per bottle all in. Other stuff seemed fairly reasonable in context of recent auctions.

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Re: Have wine auction lots become much more scarce....?

#176 Post by Kelly Walker »

HoosJustinG wrote: February 26th, 2021, 1:08 pm Not even watching HDH today ... dont want to get mad.
Some examples of crazy lots yesterday:

High Est. / Hammer

(2) '99 Mugnier Musigny 4500/6000
(1) '00 Mugnier Musigny 1400/2000
(2) '99 Rousseau Cham. 7500/8000
(1) '05 Truchot MSD VV 900/1300
(4) '02 Andy Warhol DP 1200/2400
(6) '67 d'Yquem 6000/14000
(2) '91 C. Dugat Griotte 1500/3500 (Dugat was strong across the board)
(2) '96 Leroy Musigny 32000/38000 (though both Leroy and DRC seemed a bit soft otherwise)
(4) '10 Mugnier Musigny 10000/15000
(1) '12 Mugnier Musigny magnum 3800/6000
(3) '10 G. Roumier B-M magnums 19000/24000
(1) '99 d'Auvenay (Leroy) Meursault Manche 450/2200
(4) '05 Rayas 3500/4800

What's up with Hundred Acre? They seemed to be on fire. (3) '14 Kayli Morgon 950/1500

Did not follow Bdx/CA/Ital closely. Rhone seemed strong.
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Re: Have wine auction lots become much more scarce....?

#177 Post by Paul Jaouen »

HoosJustinG wrote: February 26th, 2021, 1:08 pm Not even watching HDH today ... dont want to get mad.
Early on I saw a lot of 6 bottles of 2005 Trapet Latricieres-Chambertin hammer for $2800. High estimate was $1400. I stopped watching after that.
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Re: Have wine auction lots become much more scarce....?

#178 Post by Ethan Abraham »

Feels like one thing that's happening with mid-high producers like Trapet is that new release pricing has gotten pushed up enough that it makes no sense to buy new release. The offer I got on 2018 Trapet Latricieres was $450/bottle. Assuming you trust HDH provenance, why not pay the same amount for a great vintage that might be drinkable a lot sooner? The "why buy new when old vintages are much cheaper at auction" game seems to be up.

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Re: Have wine auction lots become much more scarce....?

#179 Post by Mark Golodetz »

I just bought a couple of bottles of the 2016 Trapet Chambertin for $325 plus VIG. I love Trapet, but as the Chambertins approach $500, I am probably going to stop buying at least in any quantity. Maybe a couple of bottles of 2019, but there is a new reality, and I am too set in my ways, and have too much wine to worry about chasing wines that will reach apogee at a grandchild’s rehearsal dinner.
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Re: Have wine auction lots become much more scarce....?

#180 Post by Matt A »

Kelly Walker wrote: February 28th, 2021, 5:37 am
HoosJustinG wrote: February 26th, 2021, 1:08 pm Not even watching HDH today ... dont want to get mad.
What's up with Hundred Acre? They seemed to be on fire. (3) '14 Kayli Morgon 950/1500
I watched a lot of those hundred acre lots.
I bought that 2014 hundred acre Kayli Morgan pre covid time for $900 hammer price from HDH last year.
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Re: Have wine auction lots become much more scarce....?

#181 Post by Victor Hong »

Marc_Hanes wrote: February 27th, 2021, 8:53 pm
Victor Hong wrote: February 26th, 2021, 1:30 pm The best hedge for asset inflation is to own assets.
Vic, you piqued my interest here. Given that I'd like to hedge as discussed, how do I own assets?
Easy, peasy.

viewtopic.php?f=5&t=167734

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Re: Have wine auction lots become much more scarce....?

#182 Post by Rodrigo B »

WineBid's site seemed to come to a screeching halt at the last minutes of the auction this week. Went to check on a few lots and couldn't even load a single page of the site.

New auction anti-sniping strategy: Place your max bids in early and close to auction close overload the servers with a DDoS attack so no snipers can place their bids neener
Last edited by Rodrigo B on February 28th, 2021, 7:11 pm, edited 1 time in total.
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Re: Have wine auction lots become much more scarce....?

#183 Post by Rich K0rz€nk0 »

Rodrigo B wrote: February 28th, 2021, 7:06 pm WineBid's site seemed to come to a screeching halt at the last minutes of the auction this week. Went to check on a few lots and couldn't even load a single page of the site.

New auction anti-sniping strategy: Place you max bids in early and close to auction close overload the servers with a DDoS attack so no snipers can place their bids neener
Noticed that as well. Pages I placed bids on loaded a few minutes after auctions ended. They made their way in though.

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Re: Have wine auction lots become much more scarce....?

#184 Post by MikeL238 »

I know they had similar issues sometime last year. Guess the hype is for real!
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Re: Have wine auction lots become much more scarce....?

#185 Post by Rodrigo B »

MikeL238 wrote: February 28th, 2021, 7:21 pm I know they had similar issues sometime last year. Guess the hype is for real!
Yes, around summer of last year. Plenty of discussion happened following it here

I think there’s just a lot more people participation in auctions period and with most people at home on a Sunday night with not much to do and extra disposable income from not dining out, everyone’s checking in on their bids.

Sunday night pre-pandemic I’d usually be at a bar somewhere around auction close. I’d place my bid early afternoon Sunday and let the chips fall where they may. Being stuck at home, might as well check in on the lots I’ve bid on
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Re: Have wine auction lots become much more scarce....?

#186 Post by Victor Hong »

Things definitely feel scarce, when you cannot even bid up to buy them. I tried to put in a $65 bid for some 1994's, but was frozen out.
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Re: Have wine auction lots become much more scarce....?

#187 Post by Robert.A.Jr. »

So this is how I win, the server skips a beat right at the end? I placed some bids way back in the beginning of the week and just let them float out there. Yay.
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Re: Have wine auction lots become much more scarce....?

#188 Post by Victor Hong »

Robert.A.Jr. wrote: March 1st, 2021, 4:51 am So this is how I win, the server skips a beat right at the end? I placed some bids way back in the beginning of the week and just let them float out there. Yay.
People complain about snipers, and demand that they be stopped.
Well, slow sites stop the snipers.
People then complain about being unable to snipe, and demand restoration of that ability.

People complain about snipers, and demand that they be stopped.
Well, slow sites stop the snipers.
People then complain about being unable to snipe, and demand restoration of that ability.

People complain about snipers, and demand that they be stopped.
Well, slow sites stop the snipers.
People then complain about being unable to snipe, and demand restoration of that ability.

[snort.gif]
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