Category Archives: Organizational

1993-2 Dues

Number 2 —  March, 1993

 

So begins our (irregularly scheduled) Wine Syndicate Newsletter, with the first issue since our organization.  Here is where we’ll present information about our cellar, bank account, and upcoming auctions, purchases and events.  If any of you have items you’d like distributed, please pass them along and I’ll send them out with the next mailing.

Treasurer’s Report

First off, it’s quarterly dues time.  Please pop a check in the mail to me in the amount of $150 per couple.  I’ll need the funds to pay for any wines we purchase at the upcoming auction, and to bring our account up to a positive balance, so your early postmark would be appreciated.  Thanks.

Our current balance is:

Previous Balance

 

0

 Dues Received

 

 

750

 Expenses (Butterfield, January)

 

 

-1365

 Balance

 

 

-615

 

 

 

Auction News

This Saturday marks the second Butterfield auction for us to bid at.  I’ve attached a list of our bids, and will let you know in a couple weeks how we did.  Frankly, I don’t expect much at this auction.  The bulk of the wines are from a well known collector, Dr. Marvin C. Overton, and I expect there to be a lot of bidding competition.

My bidding focus is on completing an Haut Brion collection for a comprehensive tasting this summer.

Other Acquisitions

Regardless of the March auction outcome, I plan to purchase some recent vintages of Haut Brion from Zachy’s to round out our tasting.  The ’86, ’87, ’88 and ’89 will be among these acquisitions.  Incidentally, the ’89 Haut Brion, at $119, is being touted as the best wine of a very best vintage, and is expected to double in price soon.

Upcoming Events

When should we schedule our first tasting?  Let’s confer at the larger group’s March meeting, and set a date.  Perhaps at that time we can also get an update from Andy on the restaurant possibilities.

Cellar Update

The wines from the last auction have been moved into the cellar, but not yet tagged.  As always, their condition appears to be perfect.  An updated listing, sorted by area, producer and vintage, is attached.

Closing Remarks

The enclosed article is excerpted from the Wine Spectator.  I found it interesting in a world dominated by huge spirit conglomerates to see exactly who owns what.

We’ll see you March 20th at John and Debbie’s.

1993-1 Introducing the Wine Syndicate

Here’s our group’s very first communication. As you read through these old newsletters, bear in mind that all communication was done by US mail, and that I also sent out Xerox copies of auction pages with wines we were bidding on. The paperwork tapered off after the first year, but the US mail communication continued for several years before everyone had email.

Number 1 —  January, 1993

 

Welcome to the organizational letter of a wine tasting group I’ve dubbed “The Wine Syndicate”.  If anyone can come up with a better name, I’m open to suggestions.

Charter

The purpose of the Wine Syndicate is to provide spectacular, themed tastings to its members about four times a year.  The wines for these tasting will be targeted and acquired over a period of months or years, through auctions and other purchases, plus trades with members.  Periodically the Syndicate’s cellar may be purged of excess wines by trading, re-auctioning, or selling or otherwise disbursing the excess wines to the members.

Membership

Group membership will be limited to ten, or perhaps twelve individuals.  Tentatively, the charter members are:

Steve & Linda Alcorn

Andy & Libby Crockett

Al & Carol Gane

John & Debbie Henline

Duane & Carol Holder

 

Acquisition Strategy

Initially the Syndicate will focus on acquiring wines through the Butterfield & Butterfield auctions, and perhaps local Florida charity events.

Butterfield & Butterfield auctions occur approximately six times per year.  The next auction is January 23rd, followed by one on March 13th.  Our goal at the auctions will be to average $500 of acquisitions, but because this is impossible to control when bids are submitted by fax, we will bid on many times this value of  lots but will place a $1200 limit on spending most of the time.  With four tastings per year, and assuming that our consumption balances our acquisitions, the average tasting will feature $750 to $1000 worth of wine.  While this may sound like a lot of wine, remember that the emphasis of our bidding will be on bottles which no individual members can afford.  This means that $300 bottles will not be uncommon.

Our purchasing emphasis will be on the following wines:

First Growth Red Bordeaux

Fine Red and White Burgundies

Chateau d’Yquem

BV Georges de Latour Private Reserve

Heitz Martha’s Vineyard

Dunn Howell Mountain

Caymus Special Selection

Stony Hill Chardonnay

Petite Sirah and Charbono verticals

Pre-1970 French wines in general

Pre-1980 California wines in general

 

Dues and Membership Privileges

Membership dues will be $150 per couple, quarterly.  The membership dues entitle that couple to attend all tasting events.  The cost of dinner is not included in club dues.  We will aim for an average of $25 per person plus tip, if possible.

Our tastings will attempt to group the wines in interesting vertical and horizontal ways.  Wines will always be tasted blind.

The wines will be tasted at either Steve & Linda’s house so they can be drunk between cellar and room temperature, or a local restaurant’s banquet facility.  Generally there will be one warm up wine, then a sit down tasting with ten glasses poured simultaneously.  All tastings will use our standard evaluation forms, and I hope to keep a complete set of these for our entertainment and perusal in the future.  Following the tasting, members are invited to bring a single brown bag wine per couple to taste while dinner is being set up. Dinner will then be accompanied by some of the lesser wines acquired as “filler” in our bid lots.

It is important to note that members do not have an ownership interest in the cellar; however all active members have the right to attend each of the Syndicate’s tastings.  I make this distinction in anticipation of the day when a member decides to leave the group, to make it clear that all wines acquired during their tenure remain in the Syndicate’s cellar.

Although we will mutually agree upon a convenient date for each tasting several months in advance, some unexpected conflicts are inevitable.  Should a couple not be able to attend, given reasonable notice the other members will attempt to find a guest couple to fill in for them and will refund the absent couple $150.  The fill in guest couple will be charged $150.

Startup

In order to build a reasonable selection of wines from which to construct tastings I have donated a number of bottles to begin the group’s cellar.  A list is attached for your information.  As we add wines to the cellar, they will be cataloged in the same fashion, with their values pro-rated according to their relative merit, and the price of the lot, including the 10% buyer’s premium and air express shipping.  Attaching a value to each wine in the cellar will facilitate trading and other disbursements which may take place, and also provides us with the enjoyment of having a dollar value attached to the wines at any given tastings.  An updated cellar listing will be distributed prior to each event.

If anyone else has wines they would like to contribute to the cellar, they would be most welcome.

Storage

A separate section of Steve & Linda’s cellar has been set aside for storage of the wines, and the initial donated wines have been moved into it.

Closing Remarks

In order to provide time to accumulate a cohesive group of wines for our first event, our initial tasting will be this Summer, perhaps in August.  In the mean time, I will keep you apprised of the bidding action and results.  Our bids for January are attached.

If you have not yet mailed me your check, please do so at your earliest convenience.  Please also contact me if you have questions or suggestions.  We’ll see you all in February at the regularly scheduled monthly tasting.