In my only venture into rank speculation (never have sold any bottles), I bought a case of 2008 Lafite futures in early 2009 for $2700. Delivery has been slow (yes, you might guess the vendor). I am assured that the wine is arriving soon, but after some discussion, the vendor has offered $800/bottle in store credit for the wine. Winesearcher low price is $999/bottle. I don’t drink in this stratosphere but could nicely amplify my seller with very good wines in my sweet spot with $9,600 of credit. So…Deal or no deal??
I’d take it, think of all the great juice you could get especially when their sale emails hit. I deal with pc so I won’t knock them but getting 4x my money, I would do that in a heart beat. Question, would you actually drink the lafite? I wouldn’t and for $800 I would sell them all day!
You’re about to be $6900 ahead on the deal. I would take it.
I would take it, considering $999 is probably the retail prize. I think $800 is pretty close to what you’d realize at auction.
done in a flash! Especially since they likes of it, they might have oversold what they could actually get.
Ask for you 27 hundred back in cash and the difference in store credit.
I guess you’d need to figure out how much you could sell the Lafite for, net of commissions, taxes, shipping fees etc., and see if the difference (if any) would be worth the added hassle and risk. Plus, I guess, whether you want the cash or whether $9600 in PC store credit is of equal value to you.
I would hazard a guess that, if you consider PC store credit about equal in value to you as cash, then it’s a good deal, enough saved risk (loss, PC never delivering, risk of price dropping between now and when you could sell them) to offset the possibility of a slightly better sale price.
Take it in a minute. That WS price is the price at which it doesn’t sell. Correct ?
Take it but be sure what you buy from them is in stock.
yes but how long til he gets the newly purchased wines? In theory this can keep going on and on.
This would be my opening response. You get your money back and play with the “house money”.
Thats the way the game is played in Vegas. ![[highfive.gif]](/uploads/db3686/original/2X/d/db21b9263a9105e51f6f8b11e61dd4de095611f9.gif "highfive"){kind=small}
I would expect to make about $700-900/bottle at auction net. But that is always a gamble. $800 is a fair offer.
Poppy’s in the auction business, so I’d suggest listening to her.
If you don’t intend to drink it, just sell.
I’d sell in a heartbeat.
You know, Obamacare has provisions for something like 20,000 new IRS agents.
I don’t know that I would have started this thread on a “real name” bulletin board…
Jees Nathan, several tiers of lame in one comment!
Well done.
Total and utter scam. At some point the guys who do this regularly have got to be called out. So these guys have had the ability to use your and others cash as working capitol for the past few years as they oversold their allocation - and then when it arrived, they determined who to actually give the wine to & who to screw. You lost - but you get a “store credit” - so they still keep the capitol in house.
If any other business operated like this it would come under severe scrutiny.
At least they haven’t robbed a clients storage account to get you your wine… seems to be all the rage of late.
Good Luck!
For real!
Except that 2008 was NOT a vintage of the century. So ask them to sub the next vintage, or the next, since they’re both the greatest vintage in the history of mankind.
That matters in the resale market.
Whether it’s a scam or not is an issue, but don’t take it personally if you can work a deal to your advantage.