One thing he did not mention and this particularly concerns investment wines which may be stored for a number of years is that one can buy them "bonded" which are then stored in a bonded warehouse. "Bonded" means that they are without duty and VAT (sales tax). If you are planning to invest a certain amount in top quality wines this effectively allows you to buy a greater number of cases/bottles for the same amount of money.
Great Video. I would have also added a point in Inventing regarding, the cost of buying vs the cost of storage vs the money that you will have in the end (helps bring things in to perspective).
The "most important" thing you need to know, have and get for collecting fine wine is a Temperature Controlled storage facility - be it a state of the art cabinet or simply a cool, dark place of the home where a cool temperature is constant - heat, fluctuating temperatures, central heating, radiators and light will ruin all those lovely first growth bottles you've carefully laid down over the years, turning your lovely 1995 Margaux and 2000 Haut Brion into $4.99 bottles of supermarket plonk.
I found only one topic missing in this thorough video. "Vintage or Producer", especially in Europe. California doesn't have the wild swings in vintage quality, so it isn't that important. For me, Buying the Producer in Bordeaux is lazy. Buying the Vintage takes more effort, but has a much higher reward. Why would you want to spend $500/bottle for a 1st Growth(now, a Great price, but using a Short-hand example, 93 Points) in an off-vintage, when you could buy previous great vintages of lower priced($50-100), well-regarded 3rd-5th Growth producers(94-97 Points), that are still available in a quality wine shop? Why would you buy a pedestrian 2nd Growth, Dufort-Vivens(90 Points) instead of an Excellent 3rd, Giscours or 5th, Grand Puy Lacoste(95-97 Points) for the same price, with a little more effort? St Emilion has great wines(exotic, fruit-forward flavors) in most recent vintages(2015-2022) for $35-75(94-97 pts). I'm not a big fan of 2nd-label wines(Alter-Ego, Carruades de Lafite) for the same reason. Each Appellation has its own similar, GENERAL flavors(St Julien--sour cherry, Ste Estephe--more tannic, etc.). $100-300 for a 94 Point 2nd label, or $60-125 for a 95-97 Point, D'Issan, Pontet Canet to get the same general flavors? I recommend only buying a few bottles in a off-vintages, IF you "must taste the vintage" at a cheaper price. Otherwise, forget it.
That's absolutely true and the enjoyment of wine is always subjective! However, many winemakers and experts will agree that some wines improve with age and will have an 'optimal' drinking window. How do you like your wines?
Wonderful
One thing he did not mention and this particularly concerns investment wines which may be stored for a number of years is that one can buy them "bonded" which are then stored in a bonded warehouse. "Bonded" means that they are without duty and VAT (sales tax). If you are planning to invest a certain amount in top quality wines this effectively allows you to buy a greater number of cases/bottles for the same amount of money.
The bonded warehouse or facilities charge storage fees.
@@mediastarguest Obviously
He does mention it actually.
Great Video. I would have also added a point in Inventing regarding, the cost of buying vs the cost of storage vs the money that you will have in the end (helps bring things in to perspective).
Great video, very informative with some great practical tips
Thanks so much Stefan! Glad to hear you enjoyed our video!
Nice video 👍🏼 hearing about ‘second wines’ value was a great tip
The "most important" thing you need to know, have and get for collecting fine wine is a Temperature Controlled storage facility - be it a state of the art cabinet or simply a cool, dark place of the home where a cool temperature is constant - heat, fluctuating temperatures, central heating, radiators and light will ruin all those lovely first growth bottles you've carefully laid down over the years, turning your lovely 1995 Margaux and 2000 Haut Brion into $4.99 bottles of supermarket plonk.
Correct storage is key! What storage strategy do you do use in your home?
We have a wine cellar and a neighbor who makes great Riesling. Problem is that we drink it all. Good video and good advice.
I always put a drinking window on my wines. Nothing more waist full than to open up to early.
Very true, Daniel! Your patience will be rewarded...
I found only one topic missing in this thorough video. "Vintage or Producer", especially in Europe. California doesn't have the wild swings in vintage quality, so it isn't that important.
For me, Buying the Producer in Bordeaux is lazy. Buying the Vintage takes more effort, but has a much higher reward. Why would you want to spend $500/bottle for a 1st Growth(now, a Great price, but using a Short-hand example, 93 Points) in an off-vintage, when you could buy previous great vintages of lower priced($50-100), well-regarded 3rd-5th Growth producers(94-97 Points), that are still available in a quality wine shop?
Why would you buy a pedestrian 2nd Growth, Dufort-Vivens(90 Points) instead of an Excellent 3rd, Giscours or 5th, Grand Puy Lacoste(95-97 Points) for the same price, with a little more effort? St Emilion has great wines(exotic, fruit-forward flavors) in most recent vintages(2015-2022) for $35-75(94-97 pts).
I'm not a big fan of 2nd-label wines(Alter-Ego, Carruades de Lafite) for the same reason. Each Appellation has its own similar, GENERAL flavors(St Julien--sour cherry, Ste Estephe--more tannic, etc.). $100-300 for a 94 Point 2nd label, or $60-125 for a 95-97 Point, D'Issan, Pontet Canet to get the same general flavors?
I recommend only buying a few bottles in a off-vintages, IF you "must taste the vintage" at a cheaper price. Otherwise, forget it.
Cool video!
Thank you!
That cellar at 1:44 😱
That's the private cellar of Chateau Smith Haut Lafitte... it's absolutely breathtaking!
@@ELICITE absolutely!! Bucket list material!
it dependes on the taste the person if the wine is ready or not , some older wine for you maybe is younger for me or vice versa
That's absolutely true and the enjoyment of wine is always subjective! However, many winemakers and experts will agree that some wines improve with age and will have an 'optimal' drinking window. How do you like your wines?
Its expensive to start investing in this
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