Top Five Tips for Buying Wine Futures
The experts have conducted the barrel tastings and their insights lead us to believe 2010 will be a superlative year for Bordeaux. One of the most frequent questions we get at Got Tannins involves wine futures, or el primeur.
What are they?
Wine futures allows consumers to buy wines very early in the process, not only before the wines have been offered to the general public, but before the wines have even been bottled. The prices are set after the wines are tasted in the barrels (typically the spring after the harvest – barrel tastings of 2010 Bordeaux happened in late-March/early-April 2011).
picture from: www.sokolin.com
Top Five Tips on Wine Futures from Got Tannins -
1 – Buy only from a reputable reseller/merchant
2 – Wine futures are an investment. Value over time can go up, stay the same, or go down.
3 – Buy first growths (premier cru) – Chateau Laffite Rothschild, Chateau Margaux, Chateau Latour, Chateau Haut Brion, Chateau Mouton Rotschild – they are expensive, but in high demand and most likely to hold or gain in value.
4 – Have patience…it’s going to be two years from purchase until you get the bottle…then probably another 10+ years to drink.
5 –The wine you are buying has potential, but will it turn out be Ryan Leaf or Peyton Manning?