Is Now The Time To Buy Screaming Eagle?
For years getting onto the mailing lists for Napa Valley's big fruit bomb cult Cabernet Sauvignons has been no easy feat. You practically have to sell your soul to get your paws on Screaming Eagle or some of the other wines with the limited allocation and the highest reputations. But now, as Bloomberg's Elin McCoy puts it: the recession is making room for you. Those on the lists are dumping their allocations to save money and only purchasing from a few select favorites. Even restaurants are paring back their usual bottle grabs because the clientele is staying away from the deep end of the wine list. If you believe in the long-term value of these wines now might be the time to grab a few and cellar them. Currently those who flip their allocations aren't finding a hot market for the wine but if you can hold onto them for a few years and the name brands regain their value you might have a nice investment on your hands.
Reader Comments (Page 1 of 1)
JEJohnson Mar 31st 2009 2:04AM
True; local (Addison TX) store carries Peter Michael, which only happens when restaurants bring their sommeliers to heel.
David Mar 31st 2009 1:20PM
I agree with the general principal. As an avid collector of high end Napa Cab I agree that the market will pick up in three to five years. As for Screaming Eagle I disagree. They lost a wine maker, and re planted and new owners. I am sure it will still be amazing but too early to tell.