Vino je super naložba, če imaš dostop do začetnih cen. Angleži ga kupujejo tudi in bond, kjer ga hranijo v tax free kleteh. Drugače Petrus 2019 je povprečna cena na wine searcher v EU 4700€, lahko ga kupiš že za cca. 3800€ v Švici. Za poznavanje izjemnih letnikov ni velike znanosti. Robert Parker 100 pik je garancija za kvaliteto, slediš tem ocenam in imaš vse podatke. Za naložbe so v zadnjem času najbolj primerni super toskanci (sassicaia, ornellaia, masseto, solaia, tignanello), ker imajo zelo dobre ocene in relativno se normalne nabavne cene (100-500€), tem se doda kak brunello ali chianti (poggio, soldera pred 2014, trinoro, fontodi, maronetto, san giusto) in barolo (gaja, sandrone, mascarello, elio grasso). Od bordojcev je krema grand crujev (petrus, margaux, mouton, haut brion, cheval blanc, lafite ...), samo so nabavne cene najboljsih letnikov ze kar visoke (800-4000€). Smith, canet, angelus, canon in se kaka novejsa klet imajo potencial za rast, ce bodo dobivali stalno dobre ocene. Burgundci so ponoreli v cenah (Rc, leroy), tam je zdaj ogromna korekcija, kot pri urah (iz 15/30.000€ na 5-15.000€), mogoče se bo dno kmalo oblikovalo. Par šampanjcev je ok (dom perignon, krug clos, salone, cristal), tudi tu je sedaj korekcija. Španci v zadnjem času razturajo, samo je prozvodnja najbojlših zelo omejena (priorat, tempranillo, vega sicilia, pingus, clos erasmus, comando g, pir franco, sorte o sorto). Nekaj nemcev iz mosela. Argentinci so relativno poceni (100-200€), zapata adrianna, enemigo, per se, zuccardi. V Zda so nabavne cene že zelo visoke (napa, opus one, screaming eagle, harlan), prav tako najboljši avstralec (penfolds). To bo skoraj 70% v kar se splača vlagati, ostalo pa je bolje za spiti s prijatelji. Lahko flaše držijo ceno, samo kake blazne rasti ne bo s slabšimi letniki. Dober kanal sta tudi liv-ex in cellar tracker.
No od slovenskih vin ne priporočam nobenega, recimo opoke Simčiča se v Sloveniji prodajajo po 55-70€, v tujini jih dobiš od 35-45€.

Potlej ni čudno, da je btc vreden 90k.
Vino je za pit in ne za gledat. Tudi dvomim, koliko je vino še ok po par desetletjih. To je bolj naložba v luksuz, znamko kot pa kaj drugega.
Drugače pa hvala za info :).

Is En Primeur still working?

Currently, the Market Prices of all vintages after 2015 sit, on average, below ex-London release prices. End consumers, therefore, would have been better off buying now than at release. Except for the 2016, 2019 and not-yet-physical 2023 vintage, Market Prices for all post-2015 vintages sit lower than ex-négociant prices.
As the downturn of the market continues, we are beginning to see trade prices of some Bordeaux wines fall below their ex-château prices. At this stage, it becomes cheaper for négociants to purchase wine on the market rather than directly from châteaux, rendering En Primeur unprofitable, even for négociants. Will relationships along the supply chain hold together the En Primeur system, or will release prices need to meet the market for it to persist?
Why are ex-château prices so high?

Over the past 10 years, many châteaux have poured funds into new wineries, technologies and marketing. Anecdotally, production costs have, in some cases, tripled. As recently reported by The Times, the popularity of Bordeaux in the 1990s led to significant overproduction. With consumer preferences moving away from Robert Parker claret and a subdued Chinese market, supply now far outweighs demand. Having spent lavishly during prosperous times, châteaux are now sitting on full warehouses and debt. Even though release prices are high, they may mark the lower limit of profitability.
Châteaux that can afford to lower prices but choose not to may be waiting on the market to turn, holding back the vast majority of their stock in hopes of re-releasing in more bullish years. With an increasing number of the Bordelais looking to sell their properties, it is also possible that some are keeping release prices high to drive up asset evaluations.
What happens if the En Primeur system fails?

That the end of the négociant distribution system — ‘cutting out the middleman’ — will necessarily benefit end consumers is a fallacy. Négociant networks are efficient and well-built; it will be a difficult and expensive endeavor for châteaux to build their own. In other words, if négociants are cut out, prices offered to UK merchants and consumers are unlikely to be lower. Moreover, not all châteaux will be able to construct their own networks. Already, the less wealthy châteaux are feeling financial pressure. There have been around 50 put up for sale this year alone.
What can we expect from the next En Primeur campaign?

The 2024 En Primeurs should be met with tempered expectations. On the one hand, with low scores and yields expected, châteaux may be more willing to slash prices – it makes more rational sense to take a lower margin on a small number of poorly rated wines (as was the case with the 2013 vintage). On the other hand, lower yields may put even more pressure on châteaux that are already struggling for cash.
*Data from this article was drawn from all 50 LWIN7s of the Bordeaux 500 for which an ex-château, ex-négociant and ex-London price were available from vintages 2008-2023. This totals 23 different wines (368 total vintages) across sub-indices.