Originally Posted by
ma91pmh
Nothing other than the realization as I get later in life that all bubbles burst eventually.... gosh back in the UK in the mid-2000s I actually found myself thinking "this time it's different" with respect to the economic conditions and housing market. Woe fool me. I have no insight into when or why, but for sure high end Bordeaux investment today is a bet on the Chinese economy continuing to sore, which of course can't go on forever. Particularly if you are looking at stuff that is really getting driven up in price by the China/Parker combination like Lynch Bages and Pontet Canet (no matter how genuinely great the improvements those houses have made - when a certain market segment is paying through the nose for those wines and then mixing them with Coke to drink, you know it can't last forever)
Interesting you mention Lynch Bages. I recently put much of my high priced Bordeaux from the vintages between 1982 and 1990 up for sale through a broker, and one of the first wines that completely sold out was 1989 Lynch Bages - at a price comparable to many first growths. I couldn't believe it - I sold out my Lynch Bages faster and at a significantly higher price than my Leoville Las Cases - which is in NO WAY supported by either the quality of the wine, the Parker scores, or what I paid for them back in the day. Yes, all to Chinese buyers.