Anyone still on the list for Sloan may want to consider taking their 2007 allocation. Like many Napa 2007s, Sloan earned 100 points from RP. With local tax and shipping, expect to be on the hook for about $360/bottle. If you want to sell, consider that the typical auction house fee of about 20% means that the market needs to value 2007 Sloan at $450 for a speculator to break even.
Typical vintages of Sloan get 96-98 points from Parker, and price on the secondary market is highly sensitive to very small variations in Parker's rating. The 2003-2005 vintages got 96 points, and their resale value is in the $225-$300 range. The 98-point wines from 2001 and 2006 seldom trade under $350, and $400 is a typical retail price for the 2006. The only other 100-point from Sloan, the 2002 is a $500 bottle (sometimes higher, rarely lower).
Finally, recognize that large variations in auction price can be the result of selling a couple of odd bottles vs an original wooden case (six bottles in the case of Sloan). The wine market volatility of the past couple of years hurt small speculators disproportionately. As I described here, with the example of 1982 Mouton, sellers of an owc get plenty of protection in a falling market; plan accordingly.
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1 comment:
I received an allocation for the 2007 and even sent in a check...to later find out via email I was no longer able to purchase due to the overwhelming demand and my purchase history. Ironically, only two days after a case of 2007 Scarecrow was auctioned off for $125k. I completely understand waiting lists and agree with waiting my turn, but don't send me an invitation to purchase and then resend...sorry Sloan, but FYI it's bad business and you've lost this customer.
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