Wines Then and Now: Part 3
Old World big boys: Burgundy and Bordeaux
Some relative bargains still remain. I think the Pousse d’Or wines are better than they were in the past and Jadot still sells their wines for very fair prices, but more and more, wines are simply selling for sums of money that have more to do with their rarity than their intrinsic quality, not that this is a new development. I don’t begrudge the sellers, nor the buyers in these transactions, and wish I had some money lying around to pick some of those $200 bottles of Mugneret Gibourg Echezeaux which looks to be a great deal. I only bring all of this up to help myself, and perhaps a few readers along the way, better understand what is going on with the world of fine wine.
I’ve been fortunate to be a player on this field for more than two decades, albeit in a very very minor role. I find the interconnections between market segments fascinating, and sometime a little scary. I’ve bought many wines that I can no longer afford, some that I no longer like, and have always been fortunate to find wines to replace those that I’ve lost, but understanding why, and how wines move from one price level to another has always been a bit of a mystery. Perhaps it is now less of a mystery, and with the predictions I’ve made here it will be fascinating to discover in the years that come whether I was right, or just another cog in the wine industry blowing smoke out of his ass.