Thursday, June 14, 2007

Bravo to the commentariat!

I just thought that it would be a good idea to draw some attention to the insightful commentary that my posts draw. I am grateful that so many clever people read this blog, and offer their perspectives. Also, it's kind of a slow news day...

First, a big thank you to Alder Yarrow at Vinography.com for offering his informed opinion on the topic of investing in wine.

Investing in old Bordeaux is nothing new. There are several wine funds that exist out there in the marketplace, and the top vintages of Bordeaux have shown a very good return over time. It's a pretty fixed resource that does get more scarce over time, and tends to hold value pretty well.I know many people who make a lot of wine buying even recent vintages and selling them a few years to a decade later for a good profit.As far as your idea to get prices up, it suffers from one tiny flaw -- wines are nearly always tasted and rated before they are released to the world, so post-facto rating will immediately raise suspicions.

Just this morning, the pseudononymous and ever irascible Charles D Farley drew a great parallel between airlines and booksellers in my tirade about losing money on Harry Potter.

You'd think retailers would have learned from the tit-for-tat pricing failures in the airline industry.Pricing strategy 101 books will tell you that one-ups-man-ship in pricing pisses away all of your profits.

I would also like to publically thank RichardatDELL for doing an excellent job of representing his company, and taking a personal interest in resolving Mr Farley's service issues. You Can read all about it here.

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