Originally Posted by
LHSebi
Hello all,
I was looking into perhaps buying some 2008 Bordeaux wine futures (1er crus). Since I have not done this yet, I was wondering if there was anybody around with some experience in this area.
eg: Did you buy the futures online (if so, where?), or at a brick & mortar dealer in your area? When did you buy them?
Thanks for any tips/advice!
One tip is to avoid new internet-only wine stores which have the cheapest futures prices.
The corollary is to find a well established wine retailer with a long history of delivery. Here in CA, K&L Wines (
www.klwines.com) have a great reputation and fair pricing. On klwines.com you can buy futures online or you can call it in.
Finally, for the 2008 Bordeaux vintage, unless you are trying to get some high in demand wines like Lafite, you probably will get similar futures pricing by avoiding futures altogether and wait when the wines are actually available in the bottle. Less risk of non-delivery that way. Don't let the fear of "missing the boat" on certain Bordeaux futures push you to buy. Put the money in the bank or in some government bonds and forget about it until the 2008 vintage is released. =)