Stock Market Crash Bargains

[Jenise]

I was just offered 2003 Laurel Glen Cabernet for $17.50. It's going to get worse. Or is that better?

The question is how long to hold out until the wine- I mean stock- prices reach their low point!

[Jenise]

Well, $17.50 may be all it's worth. From the notes on Cellar Tracker, sounds like a thin year.

My guess is that stock prices will bottom before wine prices. But no guesses on when and at what level those bottoms will be!!

Drinking more wine in tough times is a good investment.

Well it won't make your stocks go up but it will make you feel better about it

[David M. Bueker]

Jenise,

Laurel Glen is no longer a favorite of the gob-festers. Plus 2003 is not a favorite of the gob-festers. Take the two in combination & it's not surprising that the wine received lackluster views on CT. I would ignore them.

I would ignore them.

Or maybe buy more based on them.

[Jenise]

Jenise,

Laurel Glen is no longer a favorite of the gob-festers. Plus 2003 is not a favorite of the gob-festers. Take the two in combination & it's not surprising that the wine received lackluster views on CT. I would ignore them.

You have a point. I'll re-read them. I like to think I can usually tell a gobber from the notes they write, but I may not have had the right hat on. As Cynthia implies, sometimes a pan from them is a reccomendation to me.

Just bought a case of 2000 Le Joncieux (Premieres Cotes De Blaye) from Wine Chateau, which had sent me an email ad. I think the case cost $154 with shipping included, less than $13 per bottle. You probably get blurbs from Wine Chateau, too. I am drinking a lot of Cotes De Blaye, finding it funky, rich and complex (asphalt, rubber, earth, etc.), and very cheap. My cellar (not my walk-in wine cellar, but my basement floor) is covered with cases of bottles for about $15 each. I am trying to lower my expectations and have a cache to carry into the woods along with my 800 gems when I disappear from the ruins of civilization.

As I mentioned in another post, I bought some 2005 Lynch Moussas. As you might know from your Decanter, this wine is mysterious. Somehow it won out against most of the 2005 First Growths in a blind wine tasting by experts, including Masters of Wine. At the same time, it does not appear to have done so in the style of the Judgment of Paris trump, in that Decanter is recommending holding the bottles until 2020, the beginning of their assumed plateau! This is impossible for me, but I couldn't pass up these at twenty-something a bottle bargains, maybe thirty, don't remember, rather than a quadruple digit cost per bottle for First Growth Pauillacs.

[Robin Garr]

Well, $17.50 may be all it's worth. From the notes on Cellar Tracker, sounds like a thin year.

If this is the real Laurel Glen and not something like Quintana (which is okay in its own right), I don't care how thin the vintage was, that's a deal.

Can you tell from the Cellar Tracker notes whether they're posted by Parkerites? People looking for gobs generally don't end up rating Laurel Glen highly ... but we do.

[David M. Bueker]

Ok so I checked and there are no notes on the 2003 Laurel Glen Cabernet. There are notes on the 2003 Counterpoint. They're not bad at all. Color me confused.

[Robin Garr]

Ok so I checked and there are no notes on the 2003 Laurel Glen Cabernet. There are notes on the 2003 Counterpoint. They're not bad at all. Color me confused.

Counterpoint would be a pretty good deal at $18 itself. Color me a long-time fan of Laurel Glen (and of Patrick Campbell) who would certainly go for it.

OK- please educate me on "gobs,gobbers, gob-festers". I'm not familiar with this terminology. Thanks.

CHEERS!

Art

[David M. Bueker]

Heavily extracted, low acidity fruit bomb wines and the people who like them.

Dave:
Thanks for the 411! I now know I'm NOT a gobber!

Art

I was at a charity wine auction last week and prices were down a solid 20% across the board (OK, not 'trophy wines'). I've attended these before (usually with caution as some real junk occasionally gets contributed) but the real difference was in the audience/bidders. I didn't recognise any restaurateurs at all. They are usually interested in case lots. And older wines (in particular) were completely passed. I had virtually no opposition on 1795 and 1899 madeiras (OK that's REALLY old) - and anything prior to 82 (19) was similarly ignored.
I also hear that wine auctions are now only selling maybe 50% (instead of their normal 90+%).
But it will take a few months for the auction houses to adjust their estimates - expect the deals in the New Year.

[Jenise]

Heavily extracted, low acidity fruit bomb wines and the people who like them.

Speaking of which, I actually saw a new wine in a wine store the other day whose name is: Fruit Bomb! I guess someone had to do it.

And yes, Robin, this really is Laurel Glen and not the Counterpoint. I saw a bottle with my own eyes.

I was at a charity wine auction last week and prices were down a solid 20% across the board (OK, not 'trophy wines'). I've attended these before (usually with caution as some real junk occasionally gets contributed) but the real difference was in the audience/bidders. I didn't recognise any restaurateurs at all. They are usually interested in case lots. And older wines (in particular) were completely passed. I had virtually no opposition on 1795 and 1899 madeiras (OK that's REALLY old) - and anything prior to 82 (19) was similarly ignored.
I also hear that wine auctions are now only selling maybe 50% (instead of their normal 90+%).
But it will take a few months for the auction houses to adjust their estimates - expect the deals in the New Year.

Alan,
I too was at a charity auction shortly before the news began to get really bad (i.e., Oct 3 IIRC) and it was already shocking to see the decline in the number of lots being offered and the number of bids that they received. We were the only bidders on two lots: '96 Huet CdB Moelleux 1er Trie and '95 Tijou 'Les Perrieres' Savennieres.

Mark Lipton

the only bidders on two lots: '96 Huet CdB Moelleux 1er Trie and '95 Tijou 'Les Perrieres' Savennieres.

Mark Lipton

Nice score.

Why would anyone give these wines away!

Jenise,

I must admit to still being an ardent Laurel Glen follower.

The '03 Laurel Glen was included in a dinner tasting in Sonoma in Sep '06, date as best I can recall. Color was very saturated for this house. Nose was more roasted-not-raisined, the oak being balanced but strong. Body was more chunky on the mouth than I like, blind I would have guessed it for good Sullivan cabernet from a good year, having more blackberry fruit-driven than the typical olive and herb nuances. Barry thought VA was bothersome, but for me it had the mark of the vintage on it, just a bit too much heat on the finish. We both passed on our allocation at winery's discount price.

It's been sitting on the shelf at Bristol Farms for a while out here, priced at $ 39.99, down from $49.99 . The 2004 was released several months ago and is far better to my taste. I didn't buy any but Barry took my 2004 allocation.