FlyerTalk Forums - View Single Post - Wine Futures... any experience?
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Old May 11, 2009 | 11:26 am
  #4  
tpatta
 
Join Date: Jan 2008
Location: LAX
Programs: Delta Plat, CO Gold, AF
Posts: 403
I have grabbed 1st growth futures on multiple occasions over the last 15 years. Should be no problem if you deal with a reputable firm or a local store you know and trust.
Remember you are giving your money away for something you won't see for a couple of years. If the wine store or online provider you give your money to goes out of business you are screwed. That said, I have never had a problem. It's a great way to get some outstanding wines at around half the price when they are released. My favorite buy was the 5 first growth cases I bought on future for the 1995 vintage. Average future price was 100.00 / bottle. Kept 6 of each, sold six of each for 5 times what I spent.
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