An occasional vintage may come around as early as 10 years. Other outliers, like the '05 may take 40. The norm might be 20-25, but some do well at 15. Some specific examples are the '01 showed great early on and still does. “Weaker” vintages like '00 do well young (it’s drinking great right now) and stay at that plateau for decades. I loved the '04 a year ago, and that was from mag. IMO the '07 (a lighter vintage that was one of my faves of the decade) wasn’t ready last year, but getting close.
Take the Wayback Machine 20 years and the highest rated vintages were the '84 and '85. Too young and not particularly enjoyable for me until recently. Excellent now. So, it is important to be careful which vintages to drink and which to hold.
Question about MB futures and really futures in general where the wine is not expected to be consumed for 15+ years.
Does the price savings of buying futures get eroded by the storage costs of holding a wine vs the cost of storing that wine for the duration? Based on today’s pricing it’s approx $100 to store a bottle for 20 years.
According to CellarTracker/WMJ a 1998 Ridge Monte Bello auction value is $133. Not sure what release price in 99-00 was but it had to be more than $35.
Anyone else run that math and decide futures or long term storage aren’t worth it?
Wow. Wait 10 years till drinking so if I got a future offer this year which ships in 2021. Most would wait till 2031 to drink them. Not sure I have the patience for that.
Yes and no. Money expended to build a climate controlled cellar is a sunk cost. Adding a few bottles of MB doesn’t incrementally increase that cost, and forgoing MB doesn’t lower it. So while on a balance sheet basis there is some truth to what you say, in a practical sense it is a meaningless inquiry.
I think most who buy and cellar wines for this length of time have made the investment in a cellar because they want to drink aged wine, and want to ensure that the bottles they drink have been properly cared for throughout the aging process. Although I suspect that one comes out ahead in a strictly economic sense too, that really is irrelevant (or at least a very minor consideration)
I don’t know what the current program is, but as of a year or so ago, there was no “maybe” about it. You had to buy a number of the estate wines, but if you did you could but MB. This may have changed.
But Ridge has outstanding customer service. An email or a phone call will set you straight
The email with my futures allocation information said my credit card would be charged on 13 March. Any changes (reductions only this year) to my allocation needs to be done by 10 March. I’ve been a MB buyer since long before there was futures program, so I’m fairly certain there isn’t an earlier date. I suggest you check your account on the 14th or 15th …