Comments on: Wine market datapoint of the day http://blogs.reuters.com/felix-salmon/2009/07/08/wine-market-datapoint-of-the-day/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Foster Boondoggle http://blogs.reuters.com/felix-salmon/2009/07/08/wine-market-datapoint-of-the-day/comment-page-1/#comment-3942 Thu, 09 Jul 2009 23:06:39 +0000 http://blogs.reuters.com/felix-salmon/2009/07/08/wine-market-datapoint-of-the-day/#comment-3942 $90 Napa wines are signalling goods. They don’t cost that much because of their quality. They exist because – when times are flush – some people “need” to show off their wealth and sophistication. That “need” will come roaring back when ostentatious displays of wealth are fashionable again.

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By: Jen http://blogs.reuters.com/felix-salmon/2009/07/08/wine-market-datapoint-of-the-day/comment-page-1/#comment-3926 Thu, 09 Jul 2009 15:17:39 +0000 http://blogs.reuters.com/felix-salmon/2009/07/08/wine-market-datapoint-of-the-day/#comment-3926 Dollared: Bordeaux values are available. Check out this article: http://www.examiner.com/x-5811-Michigan- Wine-Examiner~y2009m5d4-Value-Bordeaux-a nd-Burgundy

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By: Matt http://blogs.reuters.com/felix-salmon/2009/07/08/wine-market-datapoint-of-the-day/comment-page-1/#comment-3916 Thu, 09 Jul 2009 12:26:21 +0000 http://blogs.reuters.com/felix-salmon/2009/07/08/wine-market-datapoint-of-the-day/#comment-3916 Felix, my old professor writes this up and I think you would get a kick out of it. http://wineeconomist.com/

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By: Dollared http://blogs.reuters.com/felix-salmon/2009/07/08/wine-market-datapoint-of-the-day/comment-page-1/#comment-3903 Thu, 09 Jul 2009 01:10:57 +0000 http://blogs.reuters.com/felix-salmon/2009/07/08/wine-market-datapoint-of-the-day/#comment-3903 Sigh. Still can’t afford Bordeaux, except for the occasional birthday party and quinceanera.

But you’re right on all counts. I’ll keep buying Spanish for special occasions…

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By: maynardGkeynes http://blogs.reuters.com/felix-salmon/2009/07/08/wine-market-datapoint-of-the-day/comment-page-1/#comment-3896 Wed, 08 Jul 2009 20:57:37 +0000 http://blogs.reuters.com/felix-salmon/2009/07/08/wine-market-datapoint-of-the-day/#comment-3896 “I hate a bubble I can’t pop.”

@Dollared: Can you imagine how much Bordeaux would cost today if it weren’t for all that Bay Area (and Wall St) excess cash chasing the $100 Napa Valley stuff? Felix, you are too kind. They are not just poor values, they are oak aged jug wines. Keep this a secret. Keep the bubble going.

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By: Dollared http://blogs.reuters.com/felix-salmon/2009/07/08/wine-market-datapoint-of-the-day/comment-page-1/#comment-3888 Wed, 08 Jul 2009 19:27:15 +0000 http://blogs.reuters.com/felix-salmon/2009/07/08/wine-market-datapoint-of-the-day/#comment-3888 California wines are tremendously overpriced. It is almost certainly a phenomenon tied to the excess cash in the Bay Area’s top 10%, and the fact that it is a two hour drive to Napa/Sonoma.

But how does one exploit that market anomaly? You can’t short overpriced zinfandels(and ridiculous chardonnays), and you can’t short “Estate Vineyard” parcels.

I hate a bubble I can’t pop.

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