Today Château Le Pin – Pomerol’s ultra-collectible, tiny-production, pure Merlot – released a few thousand bottles worth of 2005 futures on the Bordeaux market at 450 euros from its cellar, and the wine was bought up in minutes. The resale value from the few négociants who had allocations was 600 euros, and a secondary market in the rest of the world was quickly established at 900 euros, according to sources in Bordeaux.
If you can get some, I doubt you will pay less than $1,000 a bottle. But who knows? You need bags of gold to pay for this wine.
It might be worth it, all things considered. Among them: Le Pin only makes about 450 12-bottle cases in a year like 2005. The 2005 is superb, 95-100 points. (I was honestly expecting an even higher price. I thought that it would be more than Ausone’s release price of 500 euros.) Apparently the 2005 futures price is only about 20 percent more than the release price of Le Pin's 2004 futures. And let’s not forget that no 2003 Le Pin was bottled as well.
Is it a value? Of course not! But it is a special wine. And very rare. And the château could have charged more – much more – for the 2005.
A Bordeaux négociant told me he was leaving next week for a tour of the United States to check on the sales of 2005 futures.
“Are you going to Vegas?” I asked.
“No, I have done all the gambling I need for the year,” he joked.
I wonder what he is going to find on his trip?
Chris Alexander — Moraga California — June 29, 2006 5:02pm ET
William Clay — Atlanta, Georgia — June 29, 2006 5:42pm ET
David Weber — Brights Grove Ontario — June 29, 2006 8:33pm ET
Tom Breneman — eau claire, WI — June 29, 2006 9:05pm ET
Jonathan Babinchak — June 29, 2006 9:37pm ET
Richard Spera — Huntsville, AL — June 29, 2006 9:47pm ET
Wine Studio — Toronto, ON — June 29, 2006 10:36pm ET
Scott Cheney — Michigan — June 30, 2006 1:22am ET
Mark Antonio — Tokyo — June 30, 2006 2:53am ET
Guus Hateboer — Netherlands — June 30, 2006 4:20am ET
Glenn S Lucash — June 30, 2006 10:23am ET
Jeffrey Ghi — New York — June 30, 2006 10:36am ET
Robert Kocourek — June 30, 2006 11:04am ET
Wine Studio — Toronto, ON — June 30, 2006 11:24am ET
Michael Culley — June 30, 2006 11:37am ET
David A Zajac — June 30, 2006 2:54pm ET
Scott Cheney — Michigan — June 30, 2006 11:58pm ET
Sips & Tips | Wine & Healthy Living
Video Theater | Collecting & Auctions