This Weekends HDH Auction

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Kelly Walker
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This Weekends HDH Auction

#1 Post by Kelly Walker » September 25th, 2020, 12:56 pm

I've been peaking in periodically today on the HDH auction livestream. A bunch of lots being auctioned today and tomorrow. Started out rather slowly early this morning with most lots going low to mid estimated range. By around 10:30 things started to heat up selling near upper range. A lot of DRC that seems to all be going for midrange of estimates. Maybe a little soft right now.

A few lots that caught me surprised:

(6) mags of '15 Lafarge Chenes est: $1800 - 2800. Sold: $4800
(3) mags Dujac '10 SRV est: $6000 - $9000. Sold: $10000
Mixed lot (18) '14 Laurent Tribut Chablis est: $650 - 950. Sold: $1500.
(12) '14 Ramonet P-M est: $350 - 550, Sold: $1200
(6) '13 A. Ente Bourgogne Blanc est: $600 - 900. Sold: $1200
(3) '14 A. Ente Meursault Clos Ambres est: $1200 - 1800. Sold: $2400 Six other A. Ente lots went for over est.
(3) '10 G. Barthod C-M Chatelots est: $200 - $300. Sold: $650
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Re: This Weekends HDH Auction

#2 Post by John J » September 25th, 2020, 1:15 pm

I have been watching this also. For me at least, there are a lot of head scratchers in this auction.
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Re: This Weekends HDH Auction

#3 Post by Mike C. » September 25th, 2020, 4:11 pm

Kelly Walker wrote:
September 25th, 2020, 12:56 pm
I've been peaking in periodically today on the HDH auction livestream. A bunch of lots being auctioned today and tomorrow. Started out rather slowly early this morning with most lots going low to mid estimated range. By around 10:30 things started to heat up selling near upper range. A lot of DRC that seems to all be going for midrange of estimates. Maybe a little soft right now.

A few lots that caught me surprised:

(6) mags of '15 Lafarge Chenes est: $1800 - 2800. Sold: $4800
(3) mags Dujac '10 SRV est: $6000 - $9000. Sold: $10000
Mixed lot (18) '14 Laurent Tribut Chablis est: $650 - 950. Sold: $1500.
(12) '14 Ramonet P-M est: $350 - 550, Sold: $1200
(6) '13 A. Ente Bourgogne Blanc est: $600 - 900. Sold: $1200
(3) '14 A. Ente Meursault Clos Ambres est: $1200 - 1800. Sold: $2400 Six other A. Ente lots went for over est.
(3) '10 G. Barthod C-M Chatelots est: $200 - $300. Sold: $650
A number of those lots make sense to me given that ‘10 was a good vintage, ‘14 was a good vintage for whites, ‘15 was a good vintage for reds and Ente has continued to soar. The Lafarge is pretty high, but there was a Clos des Chenes lot in an HDH auction earlier this year that went crazy too.
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Re: This Weekends HDH Auction

#4 Post by MichaelLee » September 25th, 2020, 4:16 pm

I think this is a common theme with HDH auctions. Usually starts out slow in the beginning then rockets to crazy prices.

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Re: This Weekends HDH Auction

#5 Post by AD Northup » September 25th, 2020, 4:17 pm

Was watching some champagne lots and all that I was tracking went well above estimate. Hopefully catch some mixed lots tomorrow.
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Re: This Weekends HDH Auction

#6 Post by ybarselah » September 25th, 2020, 4:25 pm

Kelly Walker wrote:
September 25th, 2020, 12:56 pm
(3) '10 G. Barthod C-M Chatelots est: $200 - $300. Sold: $650
i randomly tuned in just as this came up and was like

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Re: This Weekends HDH Auction

#7 Post by Rob M » September 25th, 2020, 4:34 pm

I think I finally got what I’ll call a bargain in one of these auctions. 2006 Monprivato for $160/btl including premium. Definitely not as insane price wise in this auction for the Italian wines as the Del Posto auction - partly due to provenance.
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Re: This Weekends HDH Auction

#8 Post by Marcu$ Stanley » September 25th, 2020, 5:00 pm

Always have the feeling that HDH auctions have a lot of bored rich people who are like "hey I want this wine I'm just gonna click this button till I get it". All you need is two people like that on a lot before getting a crazy price.

When I look at the prices it doesn't seem as nuts as it was back in the spring, but maybe that's just because the runup in wine prices over the last year has been such that we're numbed to the madness.

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Re: This Weekends HDH Auction

#9 Post by Kelly Walker » September 25th, 2020, 5:54 pm

Marcus, I agree with you. The pandemic has had some counter intuitive effects. By saying that I may be making a wrong observation of why it is happening. Or at least based on wrong assumptions. Initially I thought is was boredom from staying at home or more time to spend on internet working from home. But I started thinking that maybe people with means have decided to spend money on all kinds of things that they want and see no reason not to do so.

In full disclosure, I have around 20 lots in tomorrow’s auction.
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Re: This Weekends HDH Auction

#10 Post by TimF » September 26th, 2020, 1:58 pm

One of my favorite wines ever, 91 Monte Bello, is rapidly approaching $500. 😮
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Re: This Weekends HDH Auction

#11 Post by Jayson Cohen » September 26th, 2020, 3:21 pm

TimF wrote:
September 26th, 2020, 1:58 pm
One of my favorite wines ever, 91 Monte Bello, is rapidly approaching $500. 😮
3 bottles just hammered for $1700.

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Re: This Weekends HDH Auction

#12 Post by crickey » September 26th, 2020, 3:22 pm

I have been puzzled watching K&L auctions seeing 2008 Cristal going for $325+/bottle when it's available in California (in case someone is concerned about shipping) for around $250. Someone at the HDH auction just paid $400/bottle for the 2012 Cristal. Not the rose. It's available for around $200 ($220-230 in volume) from good, reputable retailers. WTF?
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Re: This Weekends HDH Auction

#13 Post by Lee Barnard » September 26th, 2020, 3:47 pm

crickey wrote:
September 26th, 2020, 3:22 pm
I have been puzzled watching K&L auctions seeing 2008 Cristal going for $325+/bottle when it's available in California (in case someone is concerned about shipping) for around $250. Someone at the HDH auction just paid $400/bottle for the 2012 Cristal. Not the rose. It's available for around $200 ($220-230 in volume) from good, reputable retailers. WTF?
I was also confused by all the 2016 BDX on day 1 going for more than retail (all of which was widely available BDX from many reputable retailers).

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Re: This Weekends HDH Auction

#14 Post by scamhi » September 26th, 2020, 4:04 pm

early on it looked like a major 2013 dump. I picked up at few lots below the high estimate but very close to it.
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Re: This Weekends HDH Auction

#15 Post by Jayson Cohen » September 26th, 2020, 4:25 pm

crickey wrote:
September 26th, 2020, 3:22 pm
I have been puzzled watching K&L auctions seeing 2008 Cristal going for $325+/bottle when it's available in California (in case someone is concerned about shipping) for around $250. Someone at the HDH auction just paid $400/bottle for the 2012 Cristal. Not the rose. It's available for around $200 ($220-230 in volume) from good, reputable retailers. WTF?
Seeing tons of overpriced sales. Some reasonable though. I probably should have pulled the trigger a couple times - bottle prices were good but I don’t need or want to spend for 6 or 12 bottles.

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Re: This Weekends HDH Auction

#16 Post by Ethan Abraham » September 26th, 2020, 4:40 pm

Lee Barnard wrote:
September 26th, 2020, 3:47 pm
crickey wrote:
September 26th, 2020, 3:22 pm
I have been puzzled watching K&L auctions seeing 2008 Cristal going for $325+/bottle when it's available in California (in case someone is concerned about shipping) for around $250. Someone at the HDH auction just paid $400/bottle for the 2012 Cristal. Not the rose. It's available for around $200 ($220-230 in volume) from good, reputable retailers. WTF?
I was also confused by all the 2016 BDX on day 1 going for more than retail (all of which was widely available BDX from many reputable retailers).
That's pretty funny because I've managed to get quite a bit of 2016 bdx at great prices from HDH auctions in the past year or so. I guess that's no longer a tenable strategy. A

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Re: This Weekends HDH Auction

#17 Post by John J » September 26th, 2020, 4:49 pm

Why would some pay close to a grand for a case of 2011 Produttori del Barbaresco Montestefano? Pretty easy to find a lot cheaper at so many places.
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Re: This Weekends HDH Auction

#18 Post by Lee Barnard » September 26th, 2020, 4:50 pm

Ethan Abraham wrote:
September 26th, 2020, 4:40 pm
Lee Barnard wrote:
September 26th, 2020, 3:47 pm
crickey wrote:
September 26th, 2020, 3:22 pm
I have been puzzled watching K&L auctions seeing 2008 Cristal going for $325+/bottle when it's available in California (in case someone is concerned about shipping) for around $250. Someone at the HDH auction just paid $400/bottle for the 2012 Cristal. Not the rose. It's available for around $200 ($220-230 in volume) from good, reputable retailers. WTF?
I was also confused by all the 2016 BDX on day 1 going for more than retail (all of which was widely available BDX from many reputable retailers).
That's pretty funny because I've managed to get quite a bit of 2016 bdx at great prices from HDH auctions in the past year or so. I guess that's no longer a tenable strategy. A
It seems people are just bidding every lot up to at least the high estimate. I just watched a case of 2014 Produttori Montestefano go for 50% more than what Total Wine is currently priced at. I used to have the same strategy as you for buying my recent vintage BDX.

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Re: This Weekends HDH Auction

#19 Post by Lee Barnard » September 26th, 2020, 4:57 pm

John J wrote:
September 26th, 2020, 4:49 pm
Why would some pay close to a grand for a case of 2011 Produttori del Barbaresco Montestefano? Pretty easy to find a lot cheaper at so many places.
I’m confused too. I’m tempted to take a drive to Total Wine, buy a bunch of recent release stuff that’s still on the shelf and drive another 18 minutes to the HDH warehouse to drop off wine for auction.

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Re: This Weekends HDH Auction

#20 Post by Jayson Cohen » September 26th, 2020, 5:06 pm

Lee Barnard wrote:
September 26th, 2020, 4:57 pm
John J wrote:
September 26th, 2020, 4:49 pm
Why would some pay close to a grand for a case of 2011 Produttori del Barbaresco Montestefano? Pretty easy to find a lot cheaper at so many places.
I’m confused too. I’m tempted to take a drive to Total Wine, buy a bunch of recent release stuff that’s still on the shelf and drive another 18 minutes to the HDH warehouse to drop off wine for auction.
Seriously. I saw a bunch of items where I thought someone with time could exploit the arbitrage opportunities if one has some confidence from looking at recent auctions that the pricing for specific wines has been consistently reaching an inflated level and has a good chance to do so in the next auction.

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Re: This Weekends HDH Auction

#21 Post by Rob M » September 26th, 2020, 7:37 pm

It seems like Produttori has really skyrocketed at these HDH auctions, this and the Del Posto one. Bottom line is pricing is all over the place though even with the same auction. A case of 1996 Giacosa Riserva Falletto went for $9K yesterday and $7K today I think. With that big of a gap hard to have any sense of what's going to happen.

There were def some reasonable prices in this auction. I also picked up the case of 2013 F. Rinaldi Brunate today, which on a tax-adjusted basis came out to ~$55/btl all in.
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Re: This Weekends HDH Auction

#22 Post by Glen Gold » September 26th, 2020, 9:05 pm

2002 Leoville Poyferre hammered for $650 in the last auction and $1000 this one. That's weird.
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Re: This Weekends HDH Auction

#23 Post by HoosJustinG » September 27th, 2020, 7:35 am

Jayson Cohen wrote:
September 26th, 2020, 5:06 pm
Lee Barnard wrote:
September 26th, 2020, 4:57 pm
John J wrote:
September 26th, 2020, 4:49 pm
Why would some pay close to a grand for a case of 2011 Produttori del Barbaresco Montestefano? Pretty easy to find a lot cheaper at so many places.
I’m confused too. I’m tempted to take a drive to Total Wine, buy a bunch of recent release stuff that’s still on the shelf and drive another 18 minutes to the HDH warehouse to drop off wine for auction.
Seriously. I saw a bunch of items where I thought someone with time could exploit the arbitrage opportunities if one has some confidence from looking at recent auctions that the pricing for specific wines has been consistently reaching an inflated level and has a good chance to do so in the next auction.
Except that:
1) You need to consign huge amounts to pay reduced/no sellers premiums
2) [and most importantly] paying more for wine at auction than readily available retail prices is - by nature - irrational behavior. It seems to me that predicting an entire strategy on irrational behavior is very dangerous. Buying something like $500k worth of wine to get favorable terms and hoping that other people will act irrational is a recipe to potentially take a bath.
Glen Gold wrote:
September 26th, 2020, 9:05 pm
2002 Leoville Poyferre hammered for $650 in the last auction and $1000 this one. That's weird.
In other auctions this Summer, the only deals that seemed to be consistently available were Bordeaux.
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Re: This Weekends HDH Auction

#24 Post by Jayson Cohen » September 27th, 2020, 7:48 am

HoosJustinG wrote:
September 27th, 2020, 7:35 am
Jayson Cohen wrote:
September 26th, 2020, 5:06 pm
Lee Barnard wrote:
September 26th, 2020, 4:57 pm


I’m confused too. I’m tempted to take a drive to Total Wine, buy a bunch of recent release stuff that’s still on the shelf and drive another 18 minutes to the HDH warehouse to drop off wine for auction.
Seriously. I saw a bunch of items where I thought someone with time could exploit the arbitrage opportunities if one has some confidence from looking at recent auctions that the pricing for specific wines has been consistently reaching an inflated level and has a good chance to do so in the next auction.
Except that:
1) You need to consign huge amounts to pay reduced/no sellers premiums
2) [and most importantly] paying more for wine at auction than readily available retail prices is - by nature - irrational behavior. It seems to me that predicting an entire strategy on irrational behavior is very dangerous. Buying something like $500k worth of wine to get favorable terms and hoping that other people will act irrational is a recipe to potentially take a bath.
Glen Gold wrote:
September 26th, 2020, 9:05 pm
2002 Leoville Poyferre hammered for $650 in the last auction and $1000 this one. That's weird.
In other auctions this Summer, the only deals that seemed to be consistently available were Bordeaux.
I agree with everything you said.

And the last two days there were decent Bordeaux buys as well. I should have pulled the trigger on some Calon Segur. If the lots were a little smaller, so too would be my bank account.

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Re: This Weekends HDH Auction

#25 Post by HoosJustinG » September 27th, 2020, 8:11 am

Jayson Cohen wrote:
September 27th, 2020, 7:48 am
HoosJustinG wrote:
September 27th, 2020, 7:35 am
Jayson Cohen wrote:
September 26th, 2020, 5:06 pm


Seriously. I saw a bunch of items where I thought someone with time could exploit the arbitrage opportunities if one has some confidence from looking at recent auctions that the pricing for specific wines has been consistently reaching an inflated level and has a good chance to do so in the next auction.
Except that:
1) You need to consign huge amounts to pay reduced/no sellers premiums
2) [and most importantly] paying more for wine at auction than readily available retail prices is - by nature - irrational behavior. It seems to me that predicting an entire strategy on irrational behavior is very dangerous. Buying something like $500k worth of wine to get favorable terms and hoping that other people will act irrational is a recipe to potentially take a bath.
Glen Gold wrote:
September 26th, 2020, 9:05 pm
2002 Leoville Poyferre hammered for $650 in the last auction and $1000 this one. That's weird.
In other auctions this Summer, the only deals that seemed to be consistently available were Bordeaux.
I agree with everything you said.

And the last two days there were decent Bordeaux buys as well. I should have pulled the trigger on some Calon Segur. If the lots were a little smaller, so too would be my bank account.
I screwed the pooch yesterday on BDX. Missed out on some birth year stuff I’d wanted, and just got bitter and stopped paying attention to it. Looking back, I wish I paid more attention. Filled out some needs in California which had some good pricing in certain parcels, but outrageous pricing in others—guess it matters who is “tuned in” and/or which lots the private cellar consultants for the Uber rich actually bid on vs the ones they skipped. Eisele in particular was brutal which was a huge bummer for me as that’s one I collect, and this auction had some hole-fillers for me. I got some 08s and 09s which I needed, but missed out on a few others I wanted. Will hope Sotheby’s Cali auction this week is more reasonable, but I doubt it...
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Re: This Weekends HDH Auction

#26 Post by David Kubiak » September 27th, 2020, 12:01 pm

My impression was that the predictable things continued to be crazy, but that people are losing interest in what is not part of the craziness, particularly in Bordeaux. There were a number of bargains to be had in the Super Seconds, which didn’t seem so super, even in a great mature vintage like ‘82. One of the lots I took was a case of ‘01 VCC, a wonderful wine that is only getting better. With the premium it was still $100 a bottle cheaper than average on Wine Searcher. I also thought it was odd that there was no competition at all against my bid for an attractive Vogue lot. Ben Ferdinand just stood there looking a little perplexed.

And one thing I will never understand, especially with HDH, who are very particular about the storage of what they put in the auctions. Why will people pay more for a wine they will have to wait 15-20 years for than a mature wine from an outstanding vintage? And a related point. Does anybody really drink the young and absurdly expensive DRC wines, or do they just travel from auction to auction? (I was lucky to have gotten the accessible 2000 La Tache several years ago at Berns for $600.)

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Re: This Weekends HDH Auction

#27 Post by Kelly Walker » September 27th, 2020, 12:08 pm

David, I hear you. I did pretty good on the sale of 37 lots I had in that auction. I also grabbed a 1989 LMHB for $800. Man that is a great wine.
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Re: This Weekends HDH Auction

#28 Post by David Kubiak » September 27th, 2020, 12:15 pm

Kelly, Indeed it is!!

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Re: This Weekends HDH Auction

#29 Post by D@vid Bu3ker » September 27th, 2020, 12:22 pm

Glen Gold wrote:
September 26th, 2020, 9:05 pm
2002 Leoville Poyferre hammered for $650 in the last auction and $1000 this one. That's weird.
It’s not worth the $650. Maybe worth it at $500. Not much of a vintage for LP.
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Re: This Weekends HDH Auction

#30 Post by Glen Gold » September 27th, 2020, 12:38 pm

D@vid Bu3ker wrote:
September 27th, 2020, 12:22 pm
Glen Gold wrote:
September 26th, 2020, 9:05 pm
2002 Leoville Poyferre hammered for $650 in the last auction and $1000 this one. That's weird.
It’s not worth the $650. Maybe worth it at $500. Not much of a vintage for LP.
Exactly. Nothing to see here - move along. [thumbs-up.gif]
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Re: This Weekends HDH Auction

#31 Post by Jayson Cohen » September 27th, 2020, 5:08 pm

David Kubiak wrote:
September 27th, 2020, 12:01 pm
My impression was that the predictable things continued to be crazy, but that people are losing interest in what is not part of the craziness, particularly in Bordeaux. There were a number of bargains to be had in the Super Seconds, which didn’t seem so super, even in a great mature vintage like ‘82. One of the lots I took was a case of ‘01 VCC, a wonderful wine that is only getting better. With the premium it was still $100 a bottle cheaper than average on Wine Searcher. I also thought it was odd that there was no competition at all against my bid for an attractive Vogue lot. Ben Ferdinand just stood there looking a little perplexed.

And one thing I will never understand, especially with HDH, who are very particular about the storage of what they put in the auctions. Why will people pay more for a wine they will have to wait 15-20 years for than a mature wine from an outstanding vintage? And a related point. Does anybody really drink the young and absurdly expensive DRC wines, or do they just travel from auction to auction? (I was lucky to have gotten the accessible 2000 La Tache several years ago at Berns for $600.)
I saw you buy the 2001 VCC! Was tracking that lot. I was tempted. Good price.

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Re: This Weekends HDH Auction

#32 Post by Marcu$ Stanley » September 28th, 2020, 7:52 am

I don't think it's that Bordeaux is not interesting to people, it's that there is an enormous lake of excess supply in Bordeaux so there simply aren't the supply limitations to drive prices to crazy levels. But when you consider how widely available Bordeaux is at retail people are still paying a good amount at auction.

Speaking of which, the 2001 VCC is a great wine, but $220 / bottle for an "off vintage" of VCC would not have been viewed as a great bargain a few years ago...

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Re: This Weekends HDH Auction

#33 Post by Jayson Cohen » September 28th, 2020, 8:44 am

Marcu$ Stanley wrote:
September 28th, 2020, 7:52 am
I don't think it's that Bordeaux is not interesting to people, it's that there is an enormous lake of excess supply in Bordeaux so there simply aren't the supply limitations to drive prices to crazy levels. But when you consider how widely available Bordeaux is at retail people are still paying a good amount at auction.

Speaking of which, the 2001 VCC is a great wine, but $220 / bottle for an "off vintage" of VCC would not have been viewed as a great bargain a few years ago...
The price has gone up a lot on VCC in the last few years. And the 2001 is a good wine. But I did look back at what I paid per bottle at auction in May 2016: $105 hammer.

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Re: This Weekends HDH Auction

#34 Post by John J » September 28th, 2020, 8:50 am

Jayson Cohen wrote:
September 27th, 2020, 5:08 pm
David Kubiak wrote:
September 27th, 2020, 12:01 pm
My impression was that the predictable things continued to be crazy, but that people are losing interest in what is not part of the craziness, particularly in Bordeaux. There were a number of bargains to be had in the Super Seconds, which didn’t seem so super, even in a great mature vintage like ‘82. One of the lots I took was a case of ‘01 VCC, a wonderful wine that is only getting better. With the premium it was still $100 a bottle cheaper than average on Wine Searcher. I also thought it was odd that there was no competition at all against my bid for an attractive Vogue lot. Ben Ferdinand just stood there looking a little perplexed.

And one thing I will never understand, especially with HDH, who are very particular about the storage of what they put in the auctions. Why will people pay more for a wine they will have to wait 15-20 years for than a mature wine from an outstanding vintage? And a related point. Does anybody really drink the young and absurdly expensive DRC wines, or do they just travel from auction to auction? (I was lucky to have gotten the accessible 2000 La Tache several years ago at Berns for $600.)
I saw you buy the 2001 VCC! Was tracking that lot. I was tempted. Good price.
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Re: This Weekends HDH Auction

#35 Post by Jean Menwa » September 28th, 2020, 1:31 pm

John J wrote:
September 26th, 2020, 4:49 pm
Why would some pay close to a grand for a case of 2011 Produttori del Barbaresco Montestefano? Pretty easy to find a lot cheaper at so many places.
Based on wine-searcher PRO...not really easy to find at so many places (some cheese shop and Wizer's)...I wonder if provenance matters on this one.

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Re: This Weekends HDH Auction

#36 Post by Kelly Walker » September 28th, 2020, 2:56 pm

John J wrote:
September 28th, 2020, 8:50 am
Jayson Cohen wrote:
September 27th, 2020, 5:08 pm
David Kubiak wrote:
September 27th, 2020, 12:01 pm
My impression was that the predictable things continued to be crazy, but that people are losing interest in what is not part of the craziness, particularly in Bordeaux. There were a number of bargains to be had in the Super Seconds, which didn’t seem so super, even in a great mature vintage like ‘82. One of the lots I took was a case of ‘01 VCC, a wonderful wine that is only getting better. With the premium it was still $100 a bottle cheaper than average on Wine Searcher. I also thought it was odd that there was no competition at all against my bid for an attractive Vogue lot. Ben Ferdinand just stood there looking a little perplexed.

And one thing I will never understand, especially with HDH, who are very particular about the storage of what they put in the auctions. Why will people pay more for a wine they will have to wait 15-20 years for than a mature wine from an outstanding vintage? And a related point. Does anybody really drink the young and absurdly expensive DRC wines, or do they just travel from auction to auction? (I was lucky to have gotten the accessible 2000 La Tache several years ago at Berns for $600.)
I saw you buy the 2001 VCC! Was tracking that lot. I was tempted. Good price.
VCC?
Vieux Chateau Certan (Pomerol)
If you keep peeling back an onion you eventually end up with nothing.

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John J
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Re: This Weekends HDH Auction

#37 Post by John J » September 28th, 2020, 5:23 pm

Kelly Walker wrote:
September 28th, 2020, 2:56 pm
John J wrote:
September 28th, 2020, 8:50 am
Jayson Cohen wrote:
September 27th, 2020, 5:08 pm


I saw you buy the 2001 VCC! Was tracking that lot. I was tempted. Good price.
VCC?
Vieux Chateau Certan (Pomerol)

Thanks
J. Johnson

David Kubiak
Posts: 122
Joined: May 8th, 2010, 12:56 pm

Re: This Weekends HDH Auction

#38 Post by David Kubiak » October 3rd, 2020, 8:50 pm

The cheapest price on Wine Seller I find for the 2001 VCC is $285 a bottle. And I think the wine is one of those that stands way above the vintage in quality. If you read Parker’s book he has a quote from Alexandre Thienpont saying the wine has a ‘profound depth and unctuosity that even the 2000 does not possess’. Nobody doubts that prices go up. I bought a case of ‘78 Las Cases for $160 when it was released. My observation was a relative one based on what would be expected vs. what is being paid. I think the idea that Bordeaux has been ‘cursed’ with too many good vintages of late is astute.

David Kubiak
Posts: 122
Joined: May 8th, 2010, 12:56 pm

Re: This Weekends HDH Auction

#39 Post by David Kubiak » October 3rd, 2020, 8:51 pm

I meant ‘Wine Searcher’ of course.

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