Wine Talk

Snooth User: Jaffasoft

Penfolds 2010 St Henri Shiraz Value?

Posted by Jaffasoft, Apr 4, 2017.

Hi,

    I was wandering how one goes about pricing the value of wine. I have 1/2 dozen 750ml bottles of 2010 Penfolds St Henri Shiraz that I thought I might sell. 

Replies

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Reply by GregT, Apr 4, 2017.

Drink them. They're good wine.

And do a search on this forum for wine pricing. You'll do a lot of work to sell those, given that you have no track record, and in the end, it might not be worth it. The price of that wine has gone up drastically over the past 10 years, so if you got them for a decent price, you may just want to hang on to them rather than go through the hassle of moving them.

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Reply by rckr1951, Apr 4, 2017.

Greg is correct in that they've gone up drastically - with one added dimension - the prices vary drastically also.

I used to drink it, but for some reason lost interest - sought out other venues I guess.  If I had 6 bottles I'd drink one every 4th year and watch people turn green with envy.  Greg's right - drink 'em.

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Reply by Stephen Harvey, Apr 4, 2017.

The 2010 St Henri got a 100 point rating from some experts

IMHO there is no such thing as perfection

BUT

St Henri is probably the best value for money top end Penfolds Red

I drink them regularly usually a dozen a year always a great drink

AUD80-120 at auction here recently

I agree with G & R above

The 2010's are great now but will improve with age

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Reply by dmcker, Apr 5, 2017.

A very good vintage of a very good wine, which has struggled somewhat in terms of image vs. it's big brother Grange, though recently it's been winning some vintage battles and this is reflected in an irregularly rising price. Have had both from several vintages over a long period of time (from back when it was called 'St. Henri Claret'), but more often St. Henri's due to cost performance and also the fact that I've liked its often greater delicacy, elegance and feminine aspect (hey, I like strong women), with far less in-your-face oak. I generally have enjoyed it a lot.

Greg's comments are spot on. I've drunk and collected wine over several decades, and on a couple of occasions had to offload some, and it's a royal pain in the derriere. A lot more value, in retrospect, can be gained from just drinking the good stuff in the company of people who can appreciate it with you.

Do you drink wine? Do you have friends or family who can appreciate good wine? Drink it with them, sparingly. Perhaps gift a bottle or two to the right people. 2010 will improve over time, so lay the stuff down (though drink one now with those other folks to get a feel for its maturation curve). You don't want to find yourself wishing several years down the line that you still had those bottles and hadn't let them go for a price that is a fraction of what the bottles end up being worth in a decade in terms of taste and drinking experience and replacement value (or sale price if you decide to offload then).

Next question, is how might you be able to store the bottles? And how did they come into your hands, and how have they been stored up to now? Provenance is a huge issue.

You'll have to provide a lot of bonafides if you want to sell, and without that track record or relationships with other collectors and merchants and restaurateurs, you're most likely going to be taking on sisyphusian labors. Then if you try to unload through agents of whatever sort you'll find what the death-of-a-thousand-cuts means when it comes to costs that are deducted from the price the recipient pays. You'll have to be both skilled and lucky to find the right end-user without going through any sort of mediation.

For some simple reading, Steven Spurrier provides a useful comparison between Penfolds St. Henri and Grange offerings over several vintages. You might notice his interesting Bordeaux comparison between Grange as Latour and St. Henri as the Pichons. Latour commands much higher prices over all vintages.


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