For The Love Of Port

An acquaintance/friend of mine has a bottle of this Port in good condition. He wants to sell it, but saw what it is being offered for on Winesearcher and thinks a fair price is a couple of hundred less than the low price there. What say you all?

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I couldn't find it on winesearcher, but got this message:

The most recent global average price we have for Niepoort Colheita Port 1934 is $953 (February 2017).

That's crazy. I've paid a lot less for 1937 colheitas. Granted, they weren't Niepoort, but I think they were in the $300 range. Here's what cellar-tracker says for 1934 Niepoort Colheita:

Community Average Value: $483.24

Eric Menchen wrote:I couldn't find it on winesearcher, but got this message:

The most recent global average price we have for Niepoort Colheita Port 1934 is $953 (February 2017).

That's crazy. I've paid a lot less for 1937 colheitas. Granted, they weren't Niepoort, but I think they were in the $300 range. Here's what cellar-tracker says for 1934 Niepoort Colheita:

Community Average Value: $483.24

1937 Colheitas have gone up in price over the last 5-10 years, some significantly. While it is true that you used to be able to get them from a reputable internet retailer for around $300, these days $450+ is much more the norm. Winesearcher's "average price" is useless, as it's just their average of all prices they've seen. Including those "trophy" stores that have one bottle listed for $2000 more as advertising than in any real hope of selling it.

Niepoort has always been more expensive than other older Ports. My guess is due to its relative rarity. I think the CellarTracker price you quoted is probably pretty accurate, though it wouldn't surprise me to have to pay a little more to get a 1934. Perhaps a nice round $500?

Roy Hersh wrote:An acquaintance/friend of mine has a bottle of this Port in good condition. He wants to sell it, but saw what it is being offered for on Winesearcher and thinks a fair price is a couple of hundred less than the low price there. What say you all?

I have a pro account and the cheapest is €375,- I would say €300,- is a fair price.

My idea of a current "fair" price would be 375-400 bucks.

Andreas Platt wrote:My idea of a current "fair" price would be 375-400 bucks.

Jasper A. wrote:I have a pro account and the cheapest is €375,- I would say €300,- is a fair price.

All I can say is that if you can get a bottle for any of those prices from a reputable source, DO IT!

Thanks for all the feedback. I've passed this along to the owner of the bottle for him to see what you all think. Much appreciated!

If he really thinks a couple hundred less than winesearcher's low price is fair, point him my way.