This is a good time to have a cellar, along with cash under the mattress.
I don’t think most people collect wines and build cellars for times of uncertainty or fiscal restraint. But it sure helps if you have a cache of wine you can tap.
I didn’t start a cellar with this kind of economy in mind. I started mine to let wines age and study how they changed and evolved. Many of those lessons I’ve passed along to you--that is, you’re better off most of the time to drink your wines on the younger side rather than the older side, hoping that time in the bottle will lead to superior wine-drinking experiences. And it’s wiser, too, to let your friends build elaborate cellars and then nourish those friendships.
Still, having a cellar right now allows you to drink what you’ve bought and already paid for, presumably at a lower price than wines are going for today. And I’ll be going through mine in the coming days and weeks, hoping to find some overlooked gems and writing about what I find.
It’s also a good time to start a cellar if you have the cash and can stomach the market gyrations.
I don’t imagine most of you are planning cellars right now. Still, there are probably more wine deals to be found at retail and in auction markets than you would typically find.
My guess is most of you are staying put, and if you have a cellar, looking at that as one reliable source of already-paid-for wine. Still, maybe there are those of you who are eyeing this market as a buying opportunity, thinking that this might be the time to see where the bargains are, putting aside wines and knowing that they’ll be there when you need them.
Patrick Mullane — san mateo, ca — October 1, 2008 8:54pm ET
Jason Thompson — Foster City, CA — October 1, 2008 9:37pm ET
Jeffrey Ghi — New York — October 1, 2008 10:03pm ET
John Shuey — Carrollton, TX — October 2, 2008 10:23am ET
Scott Warner — South Bend, IN — October 2, 2008 1:44pm ET
John B Vlahos — Cupertino Ca. — October 2, 2008 2:46pm ET
James Laube — Napa, CA — October 2, 2008 4:22pm ET
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