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Monday 24 January 2011

1855.com: possible class action

Château Cos d'Estournel (Saint Estèphe)
Michael Haynes, a UK lawyer but based in France near Bergerac, is planning to put together a class action against 1855 (1855.com). Like so many other 'customers' of 1855  he is owed a considerable quantity of en primeurs from the 2005, 2006 and 2007 vintages.  

Michael would like anyone owed wine by 1855 (1855.com) to contact him supplying details – the ideal would be for each claimant to supply me with a print out of their order from their a/c page from 1855.com, plus an edited version showing just the wines outstanding (as the a/c page shows both outstanding and already delivered orders) with an estimate of their current value.

The best way of finding current value I find (Jim) is to check on www.wine-searcher.com. I find it easiest to restrict the search to UK merchants using euro as the currency and to search for full cases rather than a bottle price.

Contact details: 
Michael Haynes
'Paute'
24500 Eymet
France

Tel: (+33) 05 53 74 23 11
Mob/portable: 06 72 34 99 83

email: michael@rosbifs.com

Current tally of wines not delivered by 1855 (1855.com):
2122 bottles (176+ cases) for an estimated value of over 137,000€. With details of a further 150 bottles awaited.

3 comments:

  1. Interesting the lawyer recommends using a New Zealand based company rather than Liv-Ex for the valuation. Probably because everyone in the know understands how easy it is to manipulate Liv-Ex's figures. But then again how can you trust Liv-Ex valuations when they state on their website that they take auction data, then have a little chat and decide the price. Proves again that Liv-Ex does not have much credibility outside their own PR.

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  2. Anon. It wasn't Michael Haynes who recommended wine-searcher, although the way the comment was set out this was a reasonable inference. I have edited the post to make it clear that wine-searcher is mine recommendation. Although wine-searcher is now based in NZ, it was developed while its creator Martin Brown was based in South London.

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  3. I 100% agree that Wine-searcher is by far the best place to get accurate price information.

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