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Guess what... mini quiz (#1) ... Roumier Chambolle-Musigny PC Les Cras

guess_what

#1

Guess what TWS EP price per bottle of this was… No cheating, winners (of a virtual pat on the back) to be announced tomorrow (16/11/19) morning.

  • £1-£50
  • £50-£100
  • £100-£150
  • £150+

0 voters

Just for posterity… the bottle price at the time of the quiz was £450 DP.


#2

Congratulations to the 50% who got it right. The EP price was £75 per bottle (came in a case of three).


#3

That is RIDICULOUS :see_no_evil::see_no_evil:


#4

TWS not the cheapest, but a long way from the most expensive:

Is that really how Burgundy prices have increased the last few years?

Bonkers


#5

No, it is how ‘cheap’ TWS is selling Roumier wines EP. Or rather how cheap Roumier makes TWS sell their wines EP.


#6

when you actually look they are probably the cheapest retailer with individual bottle stock !

the first is an auction so no provenance (in all reality)
the second are brokers so no guarantee it will be avaialbe
Farr - have to buy a case and DP works out £423…
Atlas - when costed as DP is more expensive


#7

Well, i failed spectacularly at mini quiz #1, bring on #2!


#8

It also has to be said that Roumier is one of a small band of Burgundy producers whose prices have gone bonkers recently.


#9

In the context of recent conversations about loyalty and flipping, I would be flipping at a 600% return in less than 4 years…


#10

That would be a clear case of intentions changing… so within policy.

It is less by the way… as the current price is DP.


#11

That and it isnt necessarily trading at that price. It’s been sitting there on the list for a while.


#12

Forget it then - not selling for less than 595%…


#13

Honestly, i’d be drinking it with my best wine friends cause there is no way I would ever be able to afford it again


#14

I was lucky enough to be allocated 1 bottle in the 2017 EP and thats pretty much my plan!


#15

So, given that TWS will have presumably bought the stock at EP price (?) why is it now listed by TWS at secondary market value? Or have I misunderstood something in how the pricing works?


#16

they have had to:

  1. cover the cost of cash of buying it into stock
  2. look after it
  3. make a margin
  4. not release at a silly low price so that people buy and sell it straight away

or should they trade it within the industry and put the profit back into the society ?!


#17

Since the profit is going back into the society in any case makes sense to sell it to TWS members.

I think the fact that TWS has the strength in depth to hold back wine for later release a huge advantage and essential service.

The explosion in Burgundy prices is a temporary phenomenon anyway since I presume there is a point even for TWS where it cannot compete for allocations.


#18

Yes, I understand those costs, but storage for three years or so is negligible, and the margin would already exist in the EP price, which if that was £75 and if it is old en primeur stock, TWS would be selling it for something like £300 profit per bottle. That seems a bit odd to me, for a mutual.

Why not use it for a members’ tasting, or limit to one bottle per member to reduce resale opportunities? Wouldn’t it serve the membership better if it was at a (still profitable) price that gave non-billionaires the option to try it? And I get that that isn’t how the market generally works, but isn’t part of the point of TWS that it doesn’t operate in the same way as other retailers…?


#19

Or why not pass the benefit on to all members by ploughing it back and using it to manage the prices of more mainstream wines? I must say these arguments have been covered repeatedly on here and there are no easy answers.


#20

Just to say… I meant the quiz as a bit of fun, should have seen the escalation potential really. Will look for a less conspicuous subject for the next one.

In the meantime please all feel free to post little distractors like this using the format (or not).