Attn KO: Latour bargain on the horizon

If you care about the world of fine wines, you’ll want to get yourself over to London next week for the Sotheby’s auction on January 25th. Featuring all of the “Finest and Rarest Bordeaux”, it is the perfect place for our rock star fund manager Kevin O’Leary to add to the collection in his kitchen wine fridge. Sotheby’s is offering up two different lots of the ’90, each lot representing a case of 1990 Latour for an estimated $9,000 – $11,500. That’s as little as $750 per bottle.

Since he recently estimated his own 1990 version of the Latour to be “trading for $5,000” per bottle (see prior post “O’Leary fact watch: a 1990 Latour trades for $5,000?” Oct 17-11), KO will definitely want to get his hands on a case or two of the stuff — particularly if he can get it for a delightful $4,250 off each bottle!

Would be a licence to print money, wouldn’t it?

Or, since he paid a reported $300 for his bottle, perhaps Mr. O’Leary might want to enter his precious bottle of Latour for sale in the Sotheby’s auction…before the price drops even further. The 1990 Latour went for ~US$833 each at a New York auction last Fall. Now it might settle for C$750 (before buyers’ premium). Such a bargain, but not if the price is soft. Does that make one a buyer or a seller?

Decisions, decisions.

MRM
(disclosure – this post, like all blogs, is an Opinion Piece)