HOT LOT 1964 Thomas Bassot Griotes-Chambertin Grand Cru Palate Press February 1, 2012 o 2 Comments HOT on January 1 WHO: Thomas Bassot WHAT: Pinot Noir WHERE: France, Burgundy, Cotes de Nuits, Griotes-Chambertin WHEN: 1964 SIZE: 750 ml RESERVE: $250 MINIMUM BID INCREMENT: $25 Decanter rates 1964 in Burgundy as a “good old-fashioned year of wines with notable concentration.” Wine Spectator described 1964 as “a vintage of note.” Griotes-Chambertin is one of the smallest Grand Cru appellations in Chambertin, making up a mere 6.5 acres. Wines of Griote-Chambertin are iconic Pinot Noirs, powerful, complex and intense. This well-aged jewel from a good year offers the Burgundy lover a rare opportunity to reach back in time for a a bottle and vintage of rarity and distinction. This is a First Growth wine from a classic vintage, and just in time for the holidays. Please submit your bid in the comment section, below. If the reserve is met, the auction will be won once a bid goes unanswered for a full calendar day. The winning bidder will be asked to make their payment directly to the Hillel Foundation at Indiana University, “Find Lauren Fund.” The Hillel Foundation at Indiana University is a 501(c)(3) charity with a dedicated fund. Palate Press: The online wine magazine will not collect any proceeds as part of this auction. The buyer will also pick up the wine at, or pay shipping from, Zachy’s in New York City. For more about the auction please go to Wine for Lauren. For further information about the search for Lauren Spierer, please visit http://www.findlauren.com. http://sethmlong.wordpress.com/ Seth Long $100 http://www.facebook.com/profile.php?id=100003407232314 Jorgenes Only because I think that it’s inbecdirly difficult to come up with objective info if we are left in the hands of multiple merchants and their pricing with all the multitude of factors and drivers that that involves I asked Laurent Ponsot if he might comment on the actual position re his 2009 pricing. Okay, there is another reason; I dragged his name into this in first place! The result is that prices have gone up a lot but 100% is not correct:The increase applied this year is first of all in connection with the exceptional quality of the vintage 2009.But it is also the result of our will to control the grey market, which absorbs a lot the potential margins. There are a bunch of sharks taking profit of the situation. For the last few years, the wine market throughout the world has changed dramatically. Our bottles can be sold four or five times the original price before arriving in a cellar or in a glass. Two months before I sent the allocations and prices of the 2009s to my clients (I do it the same day to all of them), I already found on the web, merchants selling our wines. And the 2009 Clos de la Roche was at 400 € already, without any idea of the ex-cellar cost!There are far too many stages between our cellars and the final consumer, who at the end of the day pays for our wines much too much. At the contrary, some wine merchants are selling our wines under the cost price, probably to attract customers and sell them also cheaper wines on which they apply a huge margin. For example, it is impossible to sell a Clos de la Roche 2008 less than 150 € without losing money.And to people that think our wines are too expensive, I would answer by questions:What about the price of top Bordeaux wines?What about the price of comparable wines of Burgundy?What about the price of some new world wines, made by gurus and that are all looking alike each other?Despite the big increase of the prices in 2009 (47.5 % in average), our wines are still cheaper than all these wines. Are they at the same level ?If customers think that it is not the case, then they should not buy them! But if they agree that our wines reach the same level, then our prices will seem more reasonable.I don’t want to pretend or have an attitude, but I believe that our production is quite unique and that has a cost. We always take risks where most of the winemakers use methods and techniques to “make” drinkable wines.We propose now 20 appellations, including 11 grands crus and I am sure that all of them are just giving to the drinker a bit of the soul of each terroir, without interference of human being fashion. That is very very rare nowadays…On top of it, since several years, I have invested in buildings, staff and technology, to produce much more consistently the most authentic wines possible. And when I see the price of my wines so high, I think it is quite fair to take a little of the income directly.My own thoughts: Well looking at the producer perspective it is very hard not to empathise, sympathise even, at why this has happened. From a consumer perspective of-course it is a tax on the long-term, faithful enthusiast, but of-course, nothing like the tax that remains outside the domaine’s control. Fair to say that (given the apparent size of the grey-market and reselling/flipping) those people may be in a minority though.This changes nothing about my position re the pricing of the Bernstein wines. The maison’ is very young first vintage 2007. If vines had been purchased and it was decidied that the business model would be to repay that cost over say 25 years (more typically today it’s just about preserving investment capital as prices are just barmy) prices would need to be a bit higher still! But these are bought-in grapes, and expensive as those grapes are, pricing like this remains inbecdirly self-indulgent.