Comments on: catching up… http://www.burgundy-report.com/wp/index.php/2008/11/catching-up/ updates and info for the burgundy-report website Thu, 11 Mar 2010 22:08:05 +0000 hourly 1 http://wordpress.org/?v=3.0-alpha By: Phil Eaves http://www.burgundy-report.com/wp/index.php/2008/11/catching-up/comment-page-1/#comment-24436 Phil Eaves Mon, 24 Nov 2008 19:13:56 +0000 http://www.burgundy-report.com/wp/?p=2415#comment-24436 Hey Bill I'd jump at the Chambertin Clos St Jacques at 60 bob guess you can tell I'm old enough to remember 12 old pennies to the bob/shilling. Anyway I have seen bottles of Clos St Jacques labelled like this from the 50's well after AOC but I guess it has been eradicated by the mind police by now ? Hey Bill I’d jump at the Chambertin Clos St Jacques at 60 bob guess you can tell I’m old enough to remember 12 old pennies to the bob/shilling. Anyway I have seen bottles of Clos St Jacques labelled like this from the 50’s well after AOC but I guess it has been eradicated by the mind police by now ?

]]> By: billn http://www.burgundy-report.com/wp/index.php/2008/11/catching-up/comment-page-1/#comment-24420 billn Mon, 24 Nov 2008 06:43:45 +0000 http://www.burgundy-report.com/wp/?p=2415#comment-24420 Hi Jack. I showed the list a)for a bit of fun, and b)to illustrate that the grand crus traded in relatively a narrower price-band back then - whilst many vines were being ripped up at the peak of the phylloxera ravage. Even your 60p then = £20 today (though I'm impressed you know it) will help few of the audience - because you've given no relation to the alien concept of the 'shilling' or '/-'. For readers who don't know. In old, pre-decimalisation (1971) UK currency, 20 shillings equalled £1. So using Jack's relative conversion, 1/- would now be worth £1.66, so the estate bottled 1895 Romanée-Conti sold for the equivalent of about £250 for 12 bottles - which make's Jack's conversion rate seem more than a little underestimated. From a purchase power parity (PPP) perspective I've seen a general figure of about 60x which is nearer double your estimate - but that would still be 'only' £450 per 12 bottles. Clearly there are multiple other factors... Cheers Hi Jack.
I showed the list a)for a bit of fun, and b)to illustrate that the grand crus traded in relatively a narrower price-band back then – whilst many vines were being ripped up at the peak of the phylloxera ravage. Even your 60p then = £20 today (though I’m impressed you know it) will help few of the audience – because you’ve given no relation to the alien concept of the ’shilling’ or ‘/-’.

For readers who don’t know. In old, pre-decimalisation (1971) UK currency, 20 shillings equalled £1. So using Jack’s relative conversion, 1/- would now be worth £1.66, so the estate bottled 1895 Romanée-Conti sold for the equivalent of about £250 for 12 bottles – which make’s Jack’s conversion rate seem more than a little underestimated. From a purchase power parity (PPP) perspective I’ve seen a general figure of about 60x which is nearer double your estimate – but that would still be ‘only’ £450 per 12 bottles. Clearly there are multiple other factors…
Cheers

]]> By: Jack Everitt http://www.burgundy-report.com/wp/index.php/2008/11/catching-up/comment-page-1/#comment-24411 Jack Everitt Mon, 24 Nov 2008 03:08:01 +0000 http://www.burgundy-report.com/wp/?p=2415#comment-24411 Those prices are pretty meaningless without knowing that 60p is equal to about 20 pounts now. Those prices are pretty meaningless without knowing that 60p is equal to about 20 pounts now.

]]>