Working from memory @Sc0tt_B, but the only possible 2023 vintage on that list given it was only picked 9 months ago would be the Chardonnay. I didn’t pay as much attention to that one, but I know for sure that most of the reds on that list, and maybe all were 2022 vintage.
Just talking out loud, but I wonder if 495-500 are all from the exact same source winery? Given that the numbers are all congruent and Napa Cabernet heavy.
Chris - methinks this is a sign of the times - lotsa great juice available across Napa/Sonoma, as volume sales are flat/slight decline, and yields up, plus '24 looks to be even more plentiful (thus far). Lotsa FPI means sell the juice!
Joel,
Likely higher demand and thus keep margins up with Napa Sonoma based wines for de Negoce vs Washington- not implying those are less wines.
Cheers, Tim
Here is the link
What does FPI mean?
Foreign portfolio investment (FPI) involves holding financial???
FPI = Finished Product Inventory (I’m an Industrial Eng, sorry, should have stated).
We are seeing a TON of activity on flash sites, with a lot of new/reluctant players using flash sales to offset slow on-premise and retail shelf sales. Cutting deep into margins, but cash is cash, and old inventory is costly. I expect to see a lot more sales, and probably more bankruptcies/takeovers in the next 18 months as interest cost increases have squeezed small (and leveraged) wineries to a breaking point. Bankers (will privately) agree with me…never a dull moment in the Vino Biz.
OK so I looked it up and it says 2022 Howell Mountain so doubt its another shiner. If its one producers, maybe Conn. They sold in April and make Proprietary, Diamond Mounain, Howell and Rutherford wines. I keep seeing their stuff on discount sites now.
@JA_Miller and @Timothy_B_a_l_l_a_r_d both factors are undoubtedly true. Just seems harder to distinguish the true bargains vs. meh wines. dN seems to have weathered the transition away from Cam because the “top” Napa offers seem to sell out relatively quickly. Bumpy ride for producers, fun for us I guess.
Thanks for FPI, I had guessed Full Priced Inventory?
I hear what you are saying, I somewhat anticipated this industry “cleansing” cycle…
Shhh, “It” happens.
So, “it will be a good time to be a ‘grave dancer”….
Excuse the expression. & clear out the cellars.
I think it is settled news that Martin Ray owns De Negoce, and now Foppiano.
Funny, I thought the same thing. All of Conn Creeks current bottled wines went to Last Bottle to be sold off and their barreled wines could have gone to dN!
Yes, saw the Foppiano sale…family in disarray, probably a good deal for both parties…not sure where Courtney B is getting funding, but seems to be a lot of cash in play.
Anyone got a source guess on this one?:
No clue but I am being temped by these offers. After a good run of dN whites 128/133/167/245/328 I’m mostly left with some stinkers (207/330)…and I suppose I need to jump on the 2023 bandwagon but not sure which one to jump on
This is a darn good cellar defender for this price.
I am being tempted by the Chard offers as well, however, finding the higher prices, as compared to the days of old, are holding me back.
I dont think this is the same bottling as the first time. The bottle I pulled from storage says ballard canyon on the label, but the listing shows Santa Ynez Valley.
I was disappointed in the difference in quality from the second round case offering of n.365; this is feeling suspiciously similar.
Same. The recent offers aren’t clear enough or I’m not educated enough to discern style. They seem to try and appeal to the Burgundy, mineral, fruity and creamy fans all at the same time. If there was a relation to 133 or the 186 butter bomb it would be easier to choose.
I had a similar experience with #365 as well. Kind of disappointing on 2nd round purchases.
Scott,
Not much clues here, my thoughts are Rochioli or Williams Seylem as some prestigious allocation only lists in Sonoma. However, allocation only RRV Chardonnay that lists for $55 on website seems a bit low- those are usually > $65+. Only vintner that keeps his prices a bit below market is typically Ramey. But his Rochioli Vineyard Chard is $80ish.
Cheers, Tim