I’m presuming of the latter (no-one really wants to know about over-priced wine )
Yes, but such wines may not be available where you are and more importantly may not be to your taste. FWIW tonight’s wine probably did fit into the undervalued 2005 LdH Gravonia Blanco because slightly oxidative whites weren’t popular. It’s complex for sure, but many would be uncomfortable with the subtle oxidation. Give it 5 years and I fear the current love for LdH could see it crossing into the overpriced catagory (though the reds will probably get there first). Ch Lamartine Cahors (basic bottling) has the advantage of being seen as a lesser appellation, and Ch Lamartine aren’t a lauded producer, and the wine isn’t their fancier cuvee particuliere or cuvee expressione. A wine utterly untroubled by wine investment schemes, yet ~ £10 of good cellar potential. Also £10 a nebbiolo d’Alba from a small producer, brought into the UK direct by a local internet only merchant, that gives me much of the enjoyment of a Barbaresco but in a more immediate form (Cascina Saria FWIW). Ch Musar also remains very competitively priced in the UK market, but less so in the US (but still value IMO for a complex cellaring wine)
Just a few examples, but there should be plenty of other suggestions from everyone here. The recommendation is thus to keep an open mind, and try the wines from the smaller producers as well as the establishment. On trips to Italy, it’s amazing how often a little under the radar producer ends up being more appealing to us than the established ‘name’ in the region (an example I’ve mentioned before is Daviddi vs. Poliziano who are near neighbours in the Stazione Montepulciano area, Daviddi pretty much off the radar of wine writers/critics)
Truchot (although different because he is no longer selling wine)
Musigny from producers like Drouhin and Mugnier
Mugneret-Gibourg [I think most of this is middle man profit, not the Mugnerets]
Classified Bordeaux (I paid $60 for 1990 Latour and Cheval Blanc, $28 for 1990 LLC and $20 for 1990 Leoville Barton)
Clos des Lambrays (the 2001 and 2002 were $59)
What worries me more are not the small producers, that a few incremental buyers can triple the wines overnight.
That would include many of the producers mentioned here. But more worrying, particularly in Burgundy are the reliable larger producers and negotiants who are now priced at the nearly same levels. Drouhin of course, but Jadot too is coming in strong. You can actually see the discrepancies between the prices of the new vintages, and the amount that good vintages are fetching in the secondary market.
That would be the Cinq Cepages I mentioned in the OP. I believe it was the '96 in the '99 Spectator. I recall it stayed that way for close to 5 years before the jig was up.
One that grates a little is the old Vallana spanna wines from 50s & 60s. Having picked a few up for reasonable prices a decade or so ago, there seem so few around that the rare wine specialists have swooped and all now over £100 a bottle and good as they are, it’s just not worth the risk on an old wine where the chances of hitting a dud are too high for such silly money.
Some of the old school or AFWE wines have really shot up in price, like G Mascarello, Juge, Gonon and Jamet, once they became darlings of the WB / New York somm set.
You are correct about Jadot. I used to buy a good bit of Jadot as they represented great value. But the wines have gotten much more expensive as of late.