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I once bought 3 bottles of '05 for £40 a pop, Never been sure whether to drink or sell and buy something else with the money.A genuine question, what kind of person buys Carruades de Lafite?
I once bought 3 bottles of '05 for £40 a pop, Never been sure whether to drink or sell and buy something else with the money.A genuine question, what kind of person buys Carruades de Lafite?
I’ve not bought it since the 1990 vintage was £10 per bottle at Sainsbury’s in Dewsbury.A genuine question, what kind of person buys Carruades de Lafite?
It's not a surprise to be fair. It was always coming as soon as they moved to a new warehouse and had a much better idea of the work / time / money it was costing themI don't think I would have bought a bottle of Lafite anyway but disappointed to note that L&W have added a considerable premium to single bottle purchases. Used to be pro rata whether 1 bottle or a case, which was very welcome for occasional Burgundy or Bordeaux purchases.
I confess to buying a dozen of the 2005 EP at £25 per bottle, but recent pricing makes it a curious purchase.I’ve not bought it since the 1990 vintage was £10 per bottle at Sainsbury’s in Dewsbury.
IIRC the 1990 grand vin was £60 per bottle en primeur at TWS. I bought it at £70 on the shelf in Oddbins Fine Wine in Edinburgh.
Ha but it isn't a premium! That's the bit that I don't like. The case price is described as a case discount. With the case discount the price equals the (not discounted) price at other merchants.disappointed to note that L&W have added a considerable premium to single bottle purchases
I don't like that either, but I dislike the extent of the premium even more. I had been thinking I'd repeat my 2022 L&W EP purchases (1-3 bottles each of Troplong, PLL, Montrose, Conseillante) but might just buy nothing now.Ha but it isn't a premium! That's the bit that I don't like. The case price is described as a case discount. With the case discount the price equals the (not discounted) price at other merchants.
I will possibly buy two or three things in half bottles at the lower end.Curious to know if anyone is getting interested or moving from a not buying to buying position with this level of discounts across the whole campaign?
I think at most I might make a single purchase in halves but probably unlikely and will wait for rhe 3yr mark,
That seems reasonable. Today it should be, what, £50? That'd be enough to pay for the first growth's off-cuts, surely.I confess to buying a dozen of the 2005 EP at £25 per bottle, but recent pricing makes it a curious purchase.
Yes I will be later in the campaign. I tend to wait for a few properties to be released and then offer them together.I don't like that either, but I dislike the extent of the premium even more. I had been thinking I'd repeat my 2022 L&W EP purchases (1-3 bottles each of Troplong, PLL, Montrose, Conseillante) but might just buy nothing now.
@Tom Mann will you be selling single mags this year, like you did for the 2022s?
Thing is if you keep an eye out they will likely end up with a 10%+ discount in some offer down the line. Just the format choice I suppose.The LW markups have put me off too as the mixed six or dozen was a very interesting way to buy Bordeaux, a region with masses of wines that can at times be a bit homogenous. I appreciate an offering like that has an overhead but I can’t imagine it’s anything close to what is being pushed.
I wonder if it’ll result in a recognisable reduction in volume for them? Probably, I guess.
A genuine question, what kind of person buys Carruades de Lafite?
Curious to know if anyone is getting interested or moving from a not buying to buying position with this level of discounts across the whole campaign?
I think at most I might make a single purchase in halves but probably unlikely and will wait for rhe 3yr mark,
I’m wavering, despite telling myself that I wasn’t going to buy anything remotely high end.Mouton at £2,034 per 6 IB apparently a 34% reduction. Below £2k would have been nice from a psychological perspective!
Indeed… I do long for the heady days where people were whinging about the price of 2008 and I was saying fill your boots “you’ll never see these prices again!” I did but not nearly enoughGawd bless us! It appears the days you could buy a case of 1st growth, have dinner at the Savoy and have change home for the bus from a 50 guinea note have left us forever!
It does seem like the critics enjoy this vintage. And my plan was always really other than a handful of producers to increase and build a vertical, was to see who was offering halves at nice prices and get some of those for down the line. I’m sure there will be plenty of opportunity to back fill with extras once the market settles.I haven‘t done the work but my early impressions are that the price reductions are probably likely to be insufficient to clear the market, and the 2022 comparison should not necessarily be the benchmark considering how crazily priced that vintage was. It is probably worth benchmarking against 2019 as well, and when you take into account the much higher cost of carry/opportunity cost in today’s relatively high interest rate environment prices on average probably have not come down enough. As noted LLC was a 47% discount but relative to a stupidly ambitious 2022 release price and it has come in around the same as the 2019, a vintage that now has some proven pedigree and some bottle age. It would be interesting if any one has a sheet of price comparisons vs the 2022 and 2019 release prices (I am not volunteering to put it together right now but it would be interesting).
It is a relief not to be remotely tempted as was the case with the 21 and 22 vintages - I tried La Dame de Montrose 21 after I got back from France & Italy and it is quite skinny and a big step down from the 2020 though still good claret - but 2023 does seem to be like my kind of vintage and look forward to trying some in the years ahead - perhaps after a second wave price correction and a few years of being unsold and unloved?
have you seen the crazy price of it! only the 2022 is higher in the last 10 years.L&W email says they can't recommend the price of Angelus and will only order it by special request.
I have a spreadsheet back to 2000 if you want it Ian, or anyone else for that matter. I can probably put it somewhere accessible for people, at least for a short time.It would be interesting if any one has a sheet of price comparisons vs the 2022 and 2019 release prices