Most of our long-term customers bought En Primeur in 1989-1990-1995-1996-2000-2003-2005 and aside from the coincidental rise in market value of their wines they are simply being bought to drink and enjoy. Individual selections will range from the very best Cru Bourgeois up to, arguably the greatest wine, Château d’Yquem. In the example of Yquem I recently advised customers against indulging in the 2005 as I felt the wrong side of £ 4,000 was simply not justified in comparison to better and cheaper recent Sauternes vintages (like 1990-1997-2001). This is simply a case of seeking out what i perceive to be better value pound for pound, a prime example to me where the 1997 vintage looks a better buy than the 2005.
Being this selective means we don’t have the “biggest buying boots” via the Bordeaux négoçiants but does mean that when you look back on the wines in your cellar in 10 years time you will only have good or classic wines. Additionally we do have small allocations on some highly sought-after names and cult-wines from Australia; California; and Italy.
Hopefully you are buying wines solely for the purpose of drinking over the following years but if you ever need them as a back-up for school fees etc., it is worth mentioning that selling your own wines, privately or to a merchant, is still totally exempt from capital gains tax.
To reiterate, the beauty of wine is that the contents of a great bottle will be undiminished by any such rise or fall in its value. Simply uncork; put your feet up; and enjoy!”
(Tuggy Meyer, January 2009)