I see absolutely nothing wrong with the comment. I mean … c’mon, the guy likes to drink wine! It would be ludicrous for him to not be allowed to talk about wine regions he doesn’t cover as part of his job. Even though he’s a critic, he’s a consumer too. sorry, Bill, you’re wrong on this one.
/yawn… he just said Dunn would like to be considered in the same company as Harlan etc… That’s not damaging innuendo in the least. Nice drama thread - but who really gives a fuck?
Sounds like much to do about nothing. Someone just wanting to do some bashing.
Case in point that is much more pointed than Miller’s comment. Laube did a blog recently where he talked about an open tasting he did of some 1st growth Bdxs. He gave his view(opinion) on the wines, along with some of the stylistic differences with them and many of the CA cult cabs. It was an interesting blog, overall.
Is someone here saying that only Suckling at WS can, or should, discuss bdxs? Kind of a silly premise.
The weird thing is that if the station had simply charged for the time they wouldn’t have had to interrogate her. I wonder why they even bothered to present this as a genuine review?
Maybe we should pay more attention to some of the excellent TNs that are posted here instead of this nonsense. I am trying to figure out why certain posters here who write informative TNs never seem to get an acknowledgement. I find it quite unsatisfactory.
The reality is that what he says doesn’t matter. The market determines the pricing at the end of the day and if you note the prices achieved for the same vintages of Randy’s wine and the wine’s he’d like to price up to, it says it all. The secondary and auction market is flooded with his wines (perhaps because they NEVER reach full maturity?) and the pricing comes down and down. On the other hand, pricing for Harlan, etc. seems much firmer. Who would buy Dunn on release anyway if you can get it ten or more years later at auction for a de mimimus premium or even less?
For the most part the wine auction market is a realitively new occurence. Very few people “invested” in wine and bought wine for the sole purpose of flipping it. Most wine that came to auction was done as estate sales historically with an unknown providence.
There is a very good chance that the flipping of wines market will diminish significantly, as pricing strageties change and profit potential decreases.
I have always acted in a traditional manner, it that I bought wines I liked, put them in my cellar, and drank them 1-25 years later. If the flipping market mostly subsides, which I think it will, then buying upon release will again become practically the only way to have wines like Dunn, imo.
There are more avenues than ever to flip wines. More wine sales are being done through those outlets than ever before. How do you see this slowing down?
I’m starting to see more wineries price their wines to market. That is if a winery knows that is traditionally selling its wine a $100 per bottle and the wine is selling at auction at $300/ btl, the winery starts releasing the wine at $300. For many wines, the days of buying 5 wines at release, direct, for $100 each, and then flipping two for $250 each(giving you three bottles of free wine) are gone. There are still a few wineries that maintain the old practices, but the numbers are disappearing.
The market for high end wines is diminishing. The number of wines that will increase in value and be flippable is quickly declining. Five years ago a Silver Oak, Napa, was a flippable wine. Not today. Within a couple of years I believe names such as Dunn, Colgin, Staglin, Harlan, SE, SQN will no longer be flippable(for a profit). Once the profit of flipping wines goes away, most of the sales and purchases will be done for the purpose of consumption.
This is not to say that wine auctions will disappear, people will still need to unload wines for a variety of reasons. But after the current flippables have worked their way through the market, the numbers of wine to auctions available will decrease, imo.
I had a tasting of the Vina Cobos portfolio today (El Felino, Bramare, and Cobos) during which I asked Paul (HOBBS) how he had become interested in wine…