Aaaaand...we're off!

En primeur season has started.

Will you be piling in?

Me. No.

First out of the blocks we have Ch. Angelus at £1530 for 6. 99-100 points from Suckling.  But he would give Sarsons 90+ anyway. More credibly, 98 from Jane Anson. Prolly a buy.

 

I don't really understand how that can be a buy? Not being awkward just a curious newbie to this. 

The 2010 Ch. Angelus is on BBX at GBP1700 for six and wine searcher has plenty at around the same price.  2010 was a really good vintage right? and the 2010 must be entering its drinking window now?

So how do I buy now at GBP1530 with a view to selling in 10 years time and hope to make a decent profit?  Unless the estate has radically improved in the last 10 years that doesn't seem to stack up?

I am building a retirement cellar at the moment rather than doing this for profit but have been trying to figure out if you can actually make money at it so I can build an investment portfolio along side to pay the tax etc when my stuff comes out of bond in 15 years time... 

 

I actually meant that to imply you aren’t usually one if that helps. 

How many bottles would a retirement caller hold? I am genuinely interested in this as a thing. 

No idea if it is a thing to be honest ZG.  Essentially you can buy wine and hold on to it without getting taxed on it so if, like me, you'd like some really nice wine to drink in your retirement and you like aged wine (and you don't currently pay income tax...) there is a certain logic to buying that wine now while it is theoretically cheaper. 

I am planning about 2000 bottles (i.e. an average of two bottles of the good stuff a week for 20 years...)

??? - OK, but that is supposedly the best vintage for 20 years right?  Still doesn't seem like a massive implied return for the 'awesome year' (although on googling I see Angelus had a status change in 2012 which maybe means it isn't the best example). 

Catterz, if you want to buy with a view to value then, assuming they do it again this year, liv-ex will throughout the campaign publish value tables and commentary for each wine compared against back vintages. I didn't buy anything last year as it was pretty clear that 2014 and often 2015 offered better value and some other fooker had paid for the cellering since delivery in the case of 2014.