Extremely expensive wines

[Pat_P]

At what price point does purchasing a bottle of wine for consumption become absurd?

If more than 2% of annual income, or 1% of net wealth.

For 1 bottle of wine?

[Victor_Hong]

At what price point does purchasing a bottle of wine for consumption become absurd?

If more than 2% of annual income, or 1% of net wealth.

For 1 bottle of wine?

Yes. Why not?

[JBrochu]

At what price point does purchasing a bottle of wine for consumption become absurd?

If more than 2% of annual income, or 1% of net wealth.

For 1 bottle of wine?

2% of annual income is way too much for me also. My cut-off for single bottles is around .20% to .25%, and I purchase very few (a couple per year) in that price range.

[Pat_P]

If more than 2% of annual income, or 1% of net wealth.

For 1 bottle of wine?

Yes. Why not?

I was just clarifying, obviously this number is different for everybody, not judging?

[Victor_Hong]

For 1 bottle of wine?

Yes. Why not?

I was just clarifying, obviously this number is different for everybody, not judging?

Lot of us are poor, which obviates judgment about expensive wine.

[Alex_Valdes]

For me, this is not about how much I can afford. I can afford to drink DRC but I don’t (however, if you want to serve it I will gladly drink it). We love our wine, but at the end of the day it is a beverage. I will say that again…it is a beverage. So, my personal limit before it becomes absurd is $400, although I still feel like a bit of a jerk somehow for spending that much on a bottle of wine. A question that helps to determine that $400 limit for me is: “How much better is a good Petrus than a good Chateau Pavie?” Is is six times better?

Yes

Is this really how you all make purchase decisions? Based on multiples of quality? And how do you believe quality scales? Sounds like linearly but curious if there is actual rigor to such decision making or not.

[Markus_S]

For 1 bottle of wine?

Yes. Why not?

I was just clarifying, obviously this number is different for everybody, not judging?

2% is actually not that much. Consider if you are making $30,000/year, that is “only” a $600 bottle of wine.

[Victor_Hong]

Yes. Why not?

I was just clarifying, obviously this number is different for everybody, not judging?

2% is actually not that much. Consider if you are making $30,000/year, that is “only” a $600 bottle of wine.

Beer budget for wine taste.

[JBrochu]

Yes. Why not?

I was just clarifying, obviously this number is different for everybody, not judging?

2% is actually not that much. Consider if you are making $30,000/year, that is “only” a $600 bottle of wine.

$600 is what I spent on automobiles when I made $30,000/year!

[Greg_K]

I’m always amused by threads where people post about how they could be drinking DRC if they wanted to, but of course, they consider it highly wasteful and would just never.

[Jonathan_Jetter]

It will vary from person to person of course, based on income, and other financial obligations. Marginal utility of money, and all that.

Over here, $50-$100/bottle feels normal, and easy to afford. Certainly not absurd. Much of what my girlfriend and I drink now is in that range, as is a good portion of my collection.

I also have a handful of $200-$250 bottles in my cellar, and only two worth significantly more than that, and one of those two was a gift from a friend.

On the other end, there are also some $15-$30 bottles that are delicious for easy drinking.

I’d never spend 2% of my annual income on a single bottle, but not judging others who may choose to do so.

I never buy the ultra-high end, DRC, Petrus, Roumier, etc. I might re-evaluate when I’m significantly older (Certainly curious to try them at least once in my life).

[ChrisL]

If you have to ask, you can’t afford it

[Mark_Y]

For me, this is not about how much I can afford. I can afford to drink DRC but I don’t (however, if you want to serve it I will gladly drink it). We love our wine, but at the end of the day it is a beverage. I will say that again…it is a beverage. So, my personal limit before it becomes absurd is $400, although I still feel like a bit of a jerk somehow for spending that much on a bottle of wine. A question that helps to determine that $400 limit for me is: “How much better is a good Petrus than a good Chateau Pavie?” Is is six times better?

Yes

Hey now… to be fair there are wines at half Pavie’s price that’s 6 times better.

[Victor_Hong]

If you have to ask, you can’t afford it

Like yachts.

[Scott_Brunson]

For me, this is not about how much I can afford. I can afford to drink DRC but I don’t (however, if you want to serve it I will gladly drink it). We love our wine, but at the end of the day it is a beverage. I will say that again…it is a beverage. So, my personal limit before it becomes absurd is $400, although I still feel like a bit of a jerk somehow for spending that much on a bottle of wine. A question that helps to determine that $400 limit for me is: “How much better is a good Petrus than a good Chateau Pavie?” Is is six times better?

Yes

Hey now… to be fair there are wines at half Pavie’s price that’s 6 times better.

ftw

[Peter_Chiu]

For me, this is not about how much I can afford. I can afford to drink DRC but I don’t (however, if you want to serve it I will gladly drink it). We love our wine, but at the end of the day it is a beverage. I will say that again…it is a beverage. So, my personal limit before it becomes absurd is $400, although I still feel like a bit of a jerk somehow for spending that much on a bottle of wine. A question that helps to determine that $400 limit for me is: “How much better is a good Petrus than a good Chateau Pavie?” Is is six times better?

I go with Glen…but like to add : normally if I open one of the top wines ( at the high limit opf $ 400 )…is for a speciall occasion and/or to give face to my friends.

[Brian_G_r_a_f_s_t_r_o_m]

[flash=]1 million dollars - YouTube

[Michael_D]

What’s DRC?

I had a 2000 Latour a couple weeks ago. I tried like hell to convince myself it was worth the retail value, and it was 10X better than any decent Bourdeaux from Napa. Couldn’t get there… I would rather have had a Dominus (as one example), plus another half dozen still gaining age in my cellar for that one bottle.

[Mike_Reff]

DRC = digestion really counts!

[Vinod_S]

For one-off purchase/special occasion: 0.1% net assets
For non-guilty drinking with a well prepared meal $100

I’ve pretty much given up on buying Burgundy allocations, so makes it a bit more hypothetical.