Anybody on the Eagle List in here?!!

Brad_Trent · February 19, 2009, 6:43pm

There’s a thread going on the other place about the latest Eagle offering, but I was wondering if anybody over here is on the list and is planning on taking their allocation. I gotta say, at $750/per (or closer to $830 once you factor in tax & shipping) I think I may have reached the point of diminished returns forcing me off of the list. With this crap economy, there is absolutely ZERO secondary market for these things, but even before the collapse of the stock market last fall, 2003 & 2004 Eagle was only trading at around $1100…now it’s more like a grand, so the idea of kicking up more than $2500 and waiting for a year to profit maybe $5-600 really makes no sense. And on top of this, my Sine Qua Non mailer landed in my mailbox this week as well! That’s another 1500 bones!!!

[suicide.gif]

BT

Humberto_Dorta · February 19, 2009, 6:56pm

Ill take your SQN allocation off your hands so you can buy the Eagle!

Chris_Freemott · February 20, 2009, 2:17am

Brad,
Would you consider selling your slot?

M_M_c_C_a_l_l · February 20, 2009, 3:35am

I guess you were exceptionally nervous for nothin’, Mr. Mortgage Banker!

ToddFrench · February 20, 2009, 3:46am

Girlie, you need to remember that mortgage bankers ALWAYS find ways of making huge jack…

Jeff_Pf0h1 · February 20, 2009, 9:15am

hmmmm NSFW

Jeff_Pf0h1 · February 20, 2009, 9:16am

The flipping market for Screagle is just gone. They took it out, as was their right. It used to be $1500 for a 3-pack. Then they went to a 2-pack, but STILL $1500. Interesting move.

When you could take it for $500 and get $1,500 it was worth it to flip. Now you just need to drink the stuff.

Jim_Cowan · February 20, 2009, 9:38am

In what I’m sure is a sign of the times, I received an e-mail from them yesterday asking me to purchase. This after being off their list for the last several years.
Evidently, the mailing/waiting list is not sufficient to absorb their production.
And no, I’ll not buy.
Best, Jim

Bob_Kaminski · February 20, 2009, 1:09pm

That is interesting Jim, as they have a small level of production and a long waiting list I would gather. The fact that someone signed up 5-6 years ago when the wine was somewhat reasonable in price compared to now is sobering. Many of the so called waiting really are just a fallacy as they were never going to be buyers at the current price of admission.

Jim_Cowan · February 20, 2009, 6:09pm

Bob,
My understanding is that they are increasing production - substantially.
Best, Jim

Bob_Kaminski · February 20, 2009, 7:46pm

Well, that takes a bit of the bloom off the Rose I bet. Low production conveys an air of exclusivity.

Bob_Kaminski · February 20, 2009, 7:47pm

Looks like Jeff Leve is offering his allocation up on the other board’s CC.

Bill_Tex_Landreth · February 20, 2009, 7:49pm

As well as someone else’s…maybe it rhymes with Holly?

Glenn_L_e_v_i_n_e · February 20, 2009, 7:50pm

you go up Silverado Trail get somebody to point out the original vineyard and then the new vines. substantial is a good word!

M_Dildine · February 20, 2009, 8:01pm

Priced up to the secondary market? Increased production? Changed winemakers? Expanded from the original vineyards?

Sounds to me like they’ve gutted the golden goose (or Eagle, as the case may be).

Bill_Tex_Landreth · February 20, 2009, 8:20pm

Well duh…and if other Andy Erickson wines that I have had are any idication of winemaking style…pass at that price. Granted I’m not even on the wait list, but y’all know what I mean.

Jim_Cowan · February 20, 2009, 9:14pm

Glenn,
Friend of mine is winemaker at Showket. We’ve been watching the “progress” from just up the hill.
Best, Jim

Glenn_L_e_v_i_n_e · February 20, 2009, 9:49pm

good use of quotation marks my friend.

Brad_Trent · February 21, 2009, 3:20pm

Hmmm…would I sell my slot? I dunno…I was thinking of simply sending them a letter explaining that in this economy, $750 cabs just just fit into my budget any more. I’m sure they will find somebody with the bucks to take my spot…maybe!

BT

larry_schaffer · February 21, 2009, 3:29pm

Certainly an interesting thread indeed . . . .

First off, not to defend them, but increasing the planting of vines can be for a couple of reasons:

perhaps they’ll be releasing a second wine?
perhaps they will be increasing production of SE, but maybe changing up the blend a bit . . .

I know the original vines were in need of replacement according to what I read about the purchase

As far as increasing production on a limited wine, doesn’t this occur around the world as well? IIRC, haven’t some 1st growths expanded production by purchasing other vineyards nearby? And who’s to say that as production increases, quality decreases (it certainly MAY occur, but I don’t want to jump to that immediate conclusion) . . .

I certainly understand the ‘appeal’ of a trophy wine, and as it becomes more easily available due to production increases, it loses some of it’s ‘uniqueness’ . . . .

but just offering a differing opinion . . . .

Cheers!

And btw, I am NOT on the list and would NOT purchase ANY wine for that much money!