A scamster's dream...
A waltz, so bizarre and ritualised, that even the most convoluted animal courtship dance (http://www.freeradicalsmag.com/2009/12/02/love-on-the-wing/) looks natural.
All great fun, of course, for this amused spectator who has no intention of buying – why would I want to extend the Bordelais a two-year interest free loan?
It will be a lot less fun for those, who two years from now find themselves ripped off. For let’s be clear if you wanted to design the perfect vehicle for fraud it would be Bordeaux en primeur. I should add – perfect for potential fraud – for many who pay up front for their 2009 Bordeaux en primeur will, in due time (2012), receive their wine.
Sadly there will be some wine lovers whose interest free two-year loan will turn into a donation. Their certificate of ownership will turn out to be worthless because the company they dealt with either failed to pass on their money or didn’t even bother to order the wine.
The two years, while your 2009 Bordeaux matures, whether in historic cellars or in the new palaces of bling, will give criminals plenty of time to bank your money, buy a supercharged motor and be over the hills and far way by the time you realise you have been royally stuffed.
Just in case you think I’m scaremongering a court case starts in early June at St Albans County Court. The prosecution will allege that the defendants pocketed over £2 million in a simple scam: they sold 2005s Bordeaux en primeur and just trousered the money.
There is inherent risk in Bordeaux en primeur – much can change in two years. Even the most sympathetic liquidator cannot identify your dozen prized bottles in the liquid in a 225-litre barrique Bordelais and title doesn’t pass from the producer until the wine leaves the château.
If you must buy Bordeaux en primeur buy from established wine merchants – but make sure you check them out – and never listen to a cold calling snake oil salesman.
(c) Jim Budd