More wine investing

Peter_C · February 9, 2009, 9:15pm

Fox Business video here:

http://www.foxbusiness.com/video/index.html?playerId=videolandingpage&streamingFormat=FLASH&referralObject=3550716&referralPlaylistId=1292d14d0e3afdcf0b31500afefb92724c08f046

ToddFrench · February 9, 2009, 9:23pm

That guy is clueless, and the business model is rather ridiculous.

Anyone who says ‘our industry has shown to be ‘recession proof’ through the last 4 recessions’ is an irresponsible public speaker. I guess he hasn’t seen the pricing pressures, the lowered values on high end wine, the drying up of buyers, the extremely lower average sales price, etc.

Peter_C · February 9, 2009, 9:32pm

I pitched him on some pr after I saw the vid.

ademello · February 10, 2009, 2:59am

Was chatting with a friend in Germany today. The wine market is in the toilet there too, especially for 05s - both Bordeaux and Burgs. 05 DRC prices are down sharply, and a lot of the top Bordeaux simply won’t sell. He’s a broker selling mainly to wealthy business folks.

Oh well.

Bill_Tex_Landreth · February 10, 2009, 4:03pm

He needs to hook up with Peter Hirsch.

ToddFrench · February 10, 2009, 4:08pm

As long as he can handle the reality of the new wine market, sure.