Wine Deals: A Good Time To Invest In First Growth Bordeaux, Or Hit The Sales Rack…

The current economic situation has caused the prices of some high-end wines to drop.. even to half off of the normal price; so instead of $1,100, you can be the proud owner of a bottle of 2005 Chateau Mouton-Rothschild from Bordeaux for only $549. Now, that’s still a pretty hefty price tag, but it’s a steal considering it was twice as much just a few months ago.  The 2007 vintage sells for even less at $383. Both vintages are highly rated by Robert Parker.  Bottom line:  with the stock market way down, unemployment way up, and the economy wobbly at best, most people are wary about dropping big money on big ticket wine.  Read the full story here at latimes.com.

I recently spoke ‘my guy’ at the local wine shop, who told me that people are still buying wine, they’re just buying less expensive bottles.

My tip:  go to your favorite local wine store, or even the supermarket, and look for what’s on sale.  I’ve managed to find quite a few interesting wines that way for a great price.

There are also some great online options for good deals on wine: 1)  The WineSpies- a great site that offers a daily wine deal  2)  WineWoot- an off-shoot of the internet deal site Woot that features a daily wine special (and sometimes shipping is only 99 cents)  and 3) my favorite: the Inventory Clearance section of the K&L Wine Merchant’s online store.

If you’ve found any great deals recently, feel free to comment.  Glasses in hand, we weather the economic storm…