Current state of wine market

Yeah, it wasn’t part of my plan so I didn’t bid, but it seemed like 2019 Lynch-Bages, Pichon-Baron, and Pichon-Lalande all went for great prices. I’m currently obsessed with L’Eglise Clinet so I was pretty focused on that.

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Had plenty of epic bottles pre-DIAM so it’s not zero. There are a lot of flawed bottles, but provenance is very important. Bottles stored well that didn’t move much seem have a much lower oxidation rate.

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I haven’t had a bad bottle of either, and have had plenty of both.

I’ve only heard about bad bottles.

I was talking to a local wine distributor who runs an annual Food & Wine Festival. He thought the demise of the wine and beer and cider world was overstated. He indicated that a substantial majority of people attending the Food & Wine Festival were a younger generation - 21 to 40 year olds.
Just one data point.

In a prior job we compared the transportation cost to import spirits from France versus from Canada. France was quite a bit less due to the low cost of boat cargo.

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Another data point, my daughter (30 y/o) was saying more of her friends are alternating an alcoholic drink followed by a non-alcohol drink throughout the night.

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I hear you! My kids also may pre-game at home and then simply have one drink (sometimes just a mocktail) when they go out.

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That’s honestly shocking. 90s bottlings in the 2010s+ and they were great? I’ve never had the Lafon Montrachet and haven’t had the Ramonet since pre-pox days but scads of the 1ers from both have been poxed, maybe most. I wouldn’t touch either but for other people a 5% hit rate on $3K may be worth it.

I drink a lot of wines from this era out of my FiLs cellar that has perfect provenance (including some that was air shipped direct from Burgundy) and most of the bottles are poxed.

Certain vintages sure can near 100%.

That kind of depends on how you define “local”: if you restrict yourself to Napa Valley, which I’d argue is hyper local, then sure. But even Napa County has relatively lower-priced wines that don’t get distributed, Sonoma County is a few miles away to the west, and Anderson Valley isn’t so far to the north,

We see a lot of people in that age range who are big on events, but not necessarily big buyers after the events

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The Grand Crus hold up much better than the 1er Crus.

I had 1997 Ramonet Monty about 2 years ago, and it was really good. Not oxidized at all. It probably would have been better any numbers of years ago (1997 isn’t the strong year), but still very enjoyable. More recently had 2001 Lafon Monty, and that was great. Really shocked me.

Any reason or evidence why this is or isn’t true? Just curious. Anyone can weigh in. Thanks.

Drink as the Swedish government propose! This was really a campaign in Sweden 25 years or so a too - A glass of water with every alcoholic drink.

A great advice as well.

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Sorry, incomplete though.

Grand Crus age better than 1er Crus. That was relevant to the fact that the off vintages of these wines still holding on.

I wouldn’t be as confident if it was a 1er Cru of the same age.

Thanks for catching that!

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Looks like Gen Z is increasing alcohol consumption, new Decanter article

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I don’t know what this is a sign of, but there’s a hilarious number of Oregon wines $25 and under on WineBid this week.

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Not related but reminded me, I’ve seen a lot of Beta wines at auction lately.

really? love those wines

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