Quote:
Originally Posted by manaboutown
Yes I know. Back in the 1990s I was buying Chateau Palmer at $90 - $130/bottle, depending on its vintage. Anymore I only drink it maybe once or twice a month and share a bottle with friends, or they split theirs with me. Since I am not King Charles or Jeff Bezos that will have to do!
A few years ago a long time wine tasting friend of mine died in his 90s. He had an amazing nose and could pretty well nail the mystery wine at the end of the night. On University of California staff member (he held a PhD in physics) salaries he and his wife assembled an amazing wine cellar. He installed a recycled bank vault door on it, no kidding. After he retired he established his own vineyard and winery in Northern New Mexico. It probably helped that they were a dual income childless couple. They took annual trips to France and indulged themselves in meals at the finest restaurants in France. She sold off just part of their cellar for about $2M. I doubt he had more than $100K to $200K in it as he knew how to buy at auctions and from collectors selling some of their wines.
|
Our 40yo wine club invests in new and old world wineries. One of our investments in 1992 was a new winery Screaming Eagle. Every year since 3 bottles of each variety released is signed and cataloged at the cellar. My wine budget is covered for the next 70 years and beyond. It was a lucky wise investment