I don’t know what to think about those prices. $200 for a 2005 750 Summa pinot??? Maybe the powers that be at Littorai have an unexpected humorous streak. I picked up two of these a couple of months ago at K and L for $45 each.
That '05 Summa was mis-priced at K&L for whatever reason (as was the '05 Thieriot I bought last week for $45 - we should both thank our lucky stars!). The '07 Summa from K&L, more representative of the going rate, was $99. Still a bargain vs. the library wines, although perfect provenance is always good. Of course at least 99% of K&L pre-owned wines are in excellent shape…
I’d be surprised if K and L were consistently mispricing Littorai. Wine Journal Quarterly auction prices (where they exist) are generally in the $40s for older Littorai. For example, 07 Thieriot went for $42.66. I’d guess K and L are tracking those prices to some extent.
I bought two bottles of Library wine from Littorai once ( 02 Mays Canyon chard.). One was delicious and the other was shot.
I had a 12 Les Larmes a few weeks back and, though young, was a fabulous bottle with plenty of upside potential. So interesting to see post release prices as low as they are. I would think the market would remain strong for these. Any possible reasons for this? Thanks.
I think availability trumps quality. Scarcity is, in my opinion, what really pushes prices higher. Add to that a SENSE of uniqueness. These wines, are good as they are, have neither.
Just to be clear, it’s the older bottles (usually 2006 and previous) that go relatively inexpensively. K and L has a bunch of 2011s right now that are at, or slightly above, release pricing. So the more recent back vintages seem to hold their value.
I can see older vintages not holding value, as most folks do not see California Pinot Noir (of any stripe) being a wine that can benefit from age. Folks like us know differently, but most people…nope.
Bumping this thread to say that K and L got another small shipment of older Littorai wines in today. They have the 2006 Mays Canyon Pinot in stock (9 bottles) at 49.99. I grabbed a couple but there are some left. For comparison, they have the 2011 vintage in stock at 79.99.
Thanks, Katrina. Just picked up a trio of '06 pinots! (Not the best timing, as I finally picked up my previous Littorai order from K&L just yesterday.)
I have no idea where K&L is sourcing these older Littorai’s from or whether this latest batch is from the same source as the earlier one(s), but I have to say I just finished day 2 of a '98 One Acre that came from them a few months ago and If the '06 Mays Canyon I’m picking up on Friday turns out half as good I’ll be a happy camper.
The last ‘98 One Acre I had (must have been at least 5 years ago) was an epiphany. Nice to hear it’s still rockin’. I’m guessing the '06 Mays will indeed be about half as good, but just that.
Where ever these wines are coming from, it’s interesting that each batch goes to the K&L website rather than into the auction pool. That means the seller (1) wanted the money up front, and (2) was willing to take a bit less than they would have likely been able to realize at auction.