Larry you make a good point relative to price structure. Of course taste and price are always and issue. Maybe there is room to expand this discussion in How Does One Choose, with so many choices especially with the pricing the way it is going. I do find that sometimes a winemaker makes the same wine for different wineries from the same location. They are very similar in this case. Then have to ponder if I should just buy 6-12 from one vendor or 3 3s 3 4s 2 6s etc. Price may be my only consideration.
I wasnt a buyer at $200 or $300 obviously, but a quick look on Benchmark is showing various Crane Elysian bottlings by Myriad going for $350 or so. Assuming Benchmark will likely sell them at that price, Mike Smith and Co are thinking why sell the bottle for $200 if the market will pay $300.
Iāve made this analogy before, but Stubhub made concert ticket pricing so transparent that promoters started to charge more up front and now (except for the extreme Taylor Swift type shows) Stubhub pricing is usually fairly close to face value especially close to the day of the event.
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I generally do not buy wines for investment but to drink. Scarecrow if you can find it is 1000
Based upon ones taste and finances, again not knowing what scarecrow will be this year, still would go for scarecrow all things being equal. Here one can choose to drink or sell. Also, there is a fee i guess from benchmark. In addition Benchmark is only selling a few bottles not 1000 + or - totally different economy of scale. I wonder if Mike Smith after losing the Carter account pushed the price for other reasons.
If you believe that the winemaker makes the exact same wines for multiple labels and the only difference is price I have a bridge for sale, cheap.
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is it a toll bridge?
I hope it didnāt come across as I was complaining about the price increase, but I can see how the words I chose could be construed that way. I think thereās plenty of good reasons to increase the price of a wine and I think the seller is free to pick whatever price they want. I was more trying to comment that with a 50% increase, itās obvious there will be less demand to purchase. Iām sure they will have plenty of buyers, they will just lose some of the current buyers. Itās a choice they make like any other company selling products.
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Doesnāt matter, the price is right.
I do wonder why I see so many of the wines I purchased over the years that never made it to retail stores now in retail stores one may conjecture that selling directly to buyers in this market has softened at the moment As others on the site have mentioned one will just have to watch the auction sites they have seen softened there at this moment. I have not seen many failures so it does seem wines are selling to someone.
Complaining is ok pricing is irrational sometimes
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Send me all the documents on the site and if the bridge is as good a buy as u say after due diligence u have a deal
If there is no bridge then letās please move on enjoy your wines
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No fee on benchmark
The ā19 is 225 on Winebid but that has an auction fee and no bids in yet
Iām sure if they didnāt sell enough at 200 they didnāt raise it to 300. So they likely sold enough DTC and/or wholesale to move up the price point. Maybe they sell 10% less but would still make more money
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Thanks for the explanation I do know that many of the real high end wines are being sold overseas quickly at asking price in large blocks.
Using auction prices to set the price of your wine is tricky. On one hand, you donāt want to leave a bunch of profit on the table (especially when you see it going to a 3rd party who didnāt make the wine), but on the other hand, just because 1, 2ā¦ 10, etc. people pay $300 for a bottle of wine doesnāt mean 1,000 people would pay tha much.
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Hoping you are wrong on the Maybach. Guess we will find out next week. Like most wineries, the prices have been creeping up, and close to my threshold.
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I do not know much about auctions I appreciate the input. I do not sell wine I drink wine. It also seems that the average person needs to be very selective if one thinks they will make money on wine. Most wines do not appreciate much it seems although I am on some site that sends me a valuation of my wines. If it is correct I bought well if I were an investor. I guess I will stick to multi family investing plus better tax benefits thanks again
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hope so also
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Did Myriad release most of their 2020s or did they skip that vintage?
Cheers
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picture is worth a thousand words
Always had a great experience with the team at Myriad and the quality of the wine is high, so my sentiment really is that of price. At $300 per bottle you are at an inflection point, at that price there are many world class wines at your disposal across most wine regions.
I get projects get offered better parcels/blocks, better fruit, etc. Dr Crane was already excellent and scoring 100pts. I guess soon we will start seeing 101pt wines.
For the record, I believe in the style that itās made, the Myriad Dr. Crane and Elysian are phenomenal and the best out of the Myriad lineup (note I havenāt tasted the To-Kalon). Further, Myriad and the Carter wines made when Mike Smith was at the helm are epic for the style, but price still matters. I know what those wines taste like because when I purchased them at prices I could afford them.
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They released the usual lineup in 2020 as far as Iām aware and Iāve tasted many of the wines and they are all more less as great as they normally are (with the exception, in my opinion, of the Napa Valley bottling, which I thought was less impressive than usual [but not at all tainted from wha I could tell]).