The Auswine Forum

I don't see how anyone could make a cent investing in wine in Australia. Taxes we all know about but also he secondary market is modest reflecting the low prices of old vintages being well below current retail.

Even buying wine tax free in HKG and brining it to Australia I wonder if I'd ever get my money back. Here's my recent deliveries this week:

Ponet Canet 2005 and 2000 OWC: I'd expect a profit here.


FX Pilcher M Gruener and Hirtzberger Smaragd from the wondrous 2013 vintage: I'd expect to lose money on the secondary market.

Bruno Giacosa BarbResco Santo Stefano 2011: one of the great wines of the region and I wouldn't be confident recouping purchase costs.

Cappellano Barolo Chinato: obscure and a loss.


So really, the only hope is boring Bordeaux , perhaps Burgundy, but the local scene so small and short of knowledge to drive a realistic demand.

Made two excellent, if not rather bank balance denting purchases this week. I might be living on bread and water for the next month but at least it will be worth it

Picked up 2x Giaconda Chardonny 2002 for a total of $460, not a bad price, plan on drinking one in the next couple of months and keeping the other for another special occasion. Just have to make sure they aren't near the kitchen otherwise the missus might try and use it in the risotto. Never tasted this vintage so I'm looking forward to it. Got these delivered from my favourite store (Bunnings runs a close second!) https://www.danmurphys.com.au

The biggest purchase was 12x Chateau Montrose 2010 from Bordeaux, did my research on this one and it looks undervalued, music to my ears. Ended up being $278 a bottle which included storage and insurance. Got these from http://www.cultwines.com.au . Nearly got some Italian Masseto as well but I'm not so sure on the so called super tuscans.

Got my eye on a couple of interesting old world lots currently up for auction on http://www.wickman.net.au/ , might try and see what my credit card will squeeze in....

Wow, $230/bottle for a 12-yr old Aussie Chardonnay (even if it is Giaconda) is pretty bullish - good luck! (at least if its rubbish you can take it back to Uncle D's)
Btw, last sale at Langtons Auctions for the '02 Giaconda was $125, or say $145 with buyers premium ... but then you can't take it back if corked/oxidised.

Very interested to see how this is travelling - I only have 1 bottle of the 2012 in the cellar - do let us know when you crack one.

Oh and regarding the use of it in the Risotto... I used to work with a senior manager of a large corporate who had an impeccable cellar (he like myself was originally South Australian, so perhaps that explains it). And his wife did genuinely once use most of a bottle of about 10-yr old LEAS Chardnnay to make a risotto after he mistakenly left it in the "everyday drinking" rack... So you are right to beware!

Haha... I thought the Giaconda was a good price! Should have known better but I'm an impulse buyer... I do know my Chateau Montrose 2010 purchase was an excellent price however!