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I so we know a lot of lines -- as we know a lot below want to make money so here's a way to put it all together.
Many -- my friends here on -- also known as wind at futures.
And -- until just like other commodities but.
I should say with less risk according to our next guest Gary bass founder and CEO at Gary's -- marketplace.
-- is only because if you can't tell you can drink it it it's a liquid after okay.
Are less about how this happened so basically.
This why is tested while it's still in the barrel correct -- you send people out there correct and they taste it.
Yes -- what's going on now is it's the 2012.
Armed premiere -- -- and as a vintage was very difficult and challenging but that's a separate part should.
So who they open up they've -- tell those thousands of people from all over the world com.
They taste the vintage they assess there and I can't go.
Talent isn't why journalists -- -- wind journalists do go out and and they then taste and and write about vintage talk about the vintage starting may June.
They start releasing prices so the -- toes then after the feel of what's going on right the -- -- then picked the price.
A so okay so you -- menu taste did.
It's Robert Parker says this is in 99 -- -- token come out and say I'm in charge top dollar exactly so now they charge -- dollar I quiet.
But I still have the white.
My hands right so it's three years so we're -- we're just starting to get in 2000 intense.
OK so we've been -- -- done and we were getting intensive so it's so long time and get it but the ones aren't.
Ready to drink so -- you want to save those for years.
So let's just say I -- is I I went -- your website I picked it the 2010 -- temperatures which is an estate in.
East bank yet worked out.
It was 2950.
Polling only got bottom right so I'd buy this bottle today I get in three years yes I'm the assumption then being -- bottles can be -- four grand.
And could be 45 -- but I you know it's funny that I brought some statistics -- -- that -- -- be interest thing if you bought all 51 growths.
Other pitchers of any of it would -- Lipitor Margo.
In 2000 hot would say you what in June 2001.
You would pay 151000.
Dollars a -- If -- and now it's worth 58000 dollars 50000.
Over twelve years over twelve years the Dow's gone up 40% in that period of time.
That's an amazing stat now I'm Mike I'm trusting that these guys know their wines in that they really are 99 rated in -- that's great.
So that's the next point he you have to trusted the reviewers right.
Yet the trusted to me what's really important is trusting the merchant because -- you need somebody that you know is gonna be there you're writing a check.
For those have been -- flying at half three years before coming so you'd have to know the merchants there yet another reliable.
But now let's say I get -- -- in three years.
I wanted to continue to grow this 200% -- I have -- -- properly done that can put it under my bed.
Correctly you should have either there are sort facilities that you do or you have your own wants our.
People that collect Bordeaux futures it and keep you need to keep it in temperature control.
And and quick before I let you gotta have Hong Kong and China screwed the pricing a little bit they've destroyed the war -- You you know what's happened now is in the 2009 they did you can't do the first gross.
And 2010 because they're now coming out of the box 121000 dollars -- case because there's there's got it up I -- 1000 dollars a bottle for first grow.
So we've done is we've created portfolios.
So we have some -- -- that it we have some second gross to a little wrestle and so we had a guy we knew he uses 60000 dollar purchase in 2009.
-- which is worth 89000.
Dollars now laugh so but it's got to know your market.
You gotta know you gotta go on Gary's -- say it and check it out.
Can't fish I'm so glad you're here.
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