Is there really a recession?
No doubt en primeur prices are down, I think still a little higher than 2001 prices, Chateau Latour was sold out in hours (for 2 tranches)!! I just was thinking I finally can afford a few bottles for drinking in maybe 20 YEARS - SOLD OUT!! And between 1st tranche and 2nd tranche, the price went from S$285 (US$1 ~ S$1.5 Singapore dollar) to S$338 (almost 20%) - Are these people seriously going to drink them or just another speculative move! I am no longer much interested in anything higher priced than this. People have to be reminded wines are perishables and will not last forever (though 20-30 years is a LONG time)
Read some news here
Leoville Barton is priced at about S$60 a bottle, I think very good price (+S$20 shipping & tax = $80) I would say and hope I will manage to get some - I will drink them
There are quite a few interesting wines this year - I will to keep an active lookout for them.
Seems like the good stuff goes very fast! Is there really a recession I really wonder!!
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