Show: Market WineDown Episode: 7 Title: Live from St. Barts: DRC Wine Cellar at Eden Rock & PDT Rule Change Day | Market WineDown Show Ep. 7 Date: Jun 12, 2026 Runtime: ~13 min Video ID: hU-CSrMmDyk URL: https://www.youtube.com/watch?v=hU-CSrMmDyk ============================================================ What is up everybody? We are here today coming to you with a special edition of the wind down. As you can see my co-host right over here Lex on location. Lex, where are you? Uh you're not going to believe it. I'm in the islands, let's call it. I'm in St. Barts in Gustavia, St. Barts where all the big yachts are. That's where I am right now. And I'm having a little um I think you say this Caribe Caribe or Caribe or something like that. Caribe. It's a little local Caribbean beer. It's pretty light but decent, you know, I try drinkable. So, cheers to you all. Cheers. Very good. Uh Marco, what are you doing down in the islands? Uh before we get into the wine part of the the interesting part of things, what are you doing down there? So, I'm on a kind of a family trip vacation with um you know, my my my kids and their significant others and we're celebrating my wife's birthday. So we rented this beautiful house overlooking the water and we're tooling around the islands uh doing all kinds of fun things especially that involve water, drinking, eating, uh and jumping in the pool. So, we're getting it all done. That sounds like a pretty lux Lex lifestyle there. Yeah, no, it's this is this is rocking here. So, this if people haven't been to St. Barts, put your pennies in a in a piggy bank and start saving up because this place is one you have to go to. It's over the top, super clean, super elegant but super expensive. That's the bad news. Um I'm trying to find a good trade here Marco like a good bargain trade. I'm struggling man. This is all high volatility. Yep, there's no premium to buy. It's a tough buy man. It's it hurts. Every time you purchase something here it hurts. It's painful. Uh well, let's talk about a purchase that doesn't hurt. Well, at least it doesn't when you first purchase it. I got word from a little birdie that you checked out a pretty sick wine seller today. Yeah, so there's a place here that that I've stayed before. It's probably 20 years ago I stayed for one of my birthdays a long long time ago. And it's one of the baller kind of places. It's called Eden Rock on St. Barts, okay? Like the Garden of Eden Eden Rock. Um it got kind of destroyed in the last hurricane which was, you know, several years ago now, but they've rebuilt, right? And they've rebuilt it to amazing proportions. It's it's in a great spot. One of the reasons I um I stayed there in the first place was, you know, one of my my growing up idols was a guy named Jimmy Buffett. He's since passed away. Everyone knows Jimmy Buffett, you know, kind of a Caribbean guy. He loved that place. So I said I'm going to go stay where Jimmy stayed. We fell in love with it. So we came back to visit it um now and it's just beautiful and in in all, you know, aspects of the wind down, I walked into the wine cellar there. Now we had lunch there granted so we weren't really drinking heavy wine, but they had the most amazing collection of mainly, you know, Grand Cru Bordeaux I'm sorry Burgundies and these Premier Cru um Bordeauxs like, you know, Mouton Rothschild on the Bordeaux side. They had Lafite, they had Haut-Brion. They had It just gorgeous wines. And then on the Burgundy side they had the famous ones. They had Richebourg, Romanée-Conti, La Tâche. Um what else? And all those Are those all DRCs? Yeah. all Domaine de la Romanée-Conti? All of them Romanée Romanée-Conti's, yes. All DRCs. Beautiful bottles. They're they're just amazing. Mark, what do you think one of those goes for nowadays? And these are probably 2000 teens, you know, 15, 16, 17 in in that that era roughly. Uh I mean the Latourche is going to be a 6 to 8000 dollar bottle. The Richebourg might be a little bit less in the 5K range. But that Romanée Saint-Vivant is probably in like the eight or nines too, right? Like especially if you're in a swanky place they're going to mark that up. But I mean honestly the markup on something like that let's take it back to the trade here. The markup on that DRC might be percentage wise a little bit less than the markup on their, you know, 90th percentile bottle. Yeah. No, it's I think you're right. I think I I looked up a few of them and they're they're in the in the range that you just said. Um which is nuts, you know, I mean look at they didn't have one or two bottles of these things. I think the picture I sent you they had, you know, some verticals like from 2012 up to 2019, 18 thereabouts. Would you rather be allocated in 2004 a Google DPM or a case of DRC Latourche? The Google DPM for sure, come on. There's no comparison. There's no comparing that. Even the bad days were really good. Oh my god. No, but those wines are legendary, right? I mean the uh Yeah. They are the driving force behind making Burgundy a UNESCO grand heritage site. The key is the statesman of the of the region and you know, huge fan of that that area, you know, promoter of it. He's done wonderful things for the wine trade there generally, not just his ridiculously expensive bottles. Yeah, they are. They're And and Mark, tell them a little bit about the grape in that wine, the predominant grape in the in those those DRC's. It's something that's unusual I think. Not unusual, but you know, it's not it's not everything an American would necessarily root for when picking up a bottle of wine, right? It's a it's a it's a it's a Pinot Noir grape, yeah? Oh, I mean, the home, the, you know, the legendary like birthplace of of Pinot, like where Pinot flourishes best is Burgundy. It's that golden slope of Burgundy where you get the cool nights, you get these gentle like diurnal swings between like the cool nights, gentle warm days, and it is just perfect for like, you know, it's a little Pinot Noir is a little bit like like Lexus of grapes, let's say. Like Pinot Noir is a little bit of a diva as a grape. Pinot Noir is asking for the perfect Martini spec. Pinot Noir is asking for the perfect weather. It doesn't do well if there's any fungus. Uh, you know, Pinot Noir is not resilient the way Cabernet is. Pinot Noir is is sensitive. Little Little dainty, little delicate, right? Yeah, a little dainty. And but it thrives in that Burgundian in that Burgundian weather. And so, DRC So, the Conti part of DRC comes from the Prince of Conti, who was one of Louis the XIV's, uh, you know, top guys. Yep. And he was able to acquire the vineyard. There was allegedly like a buying kind of like like a bidding war between him and someone else. Um, Louis XIV's wife was trying to buy it instead of him, and he was able to sneak around and buy the vineyard. Now, they would not allow this today. The rumor is that he was able to bring in extra soil at the time. Right. And so, he trucked in a bunch of like highly, you know, nutrient-rich soil and plopped that on top of the existing terroir. So, it's all rumor. We don't necessarily know, but maybe it's the best because they got a little bit of a an unfair boost in that, uh, with that royal connection earlier. Yep. No, all good stuff. I think you're right on all accounts, right? And and you know, one one comparison I draw to the the it's not just the great burgundies, but the great wines in the world, right? Think about how many there are. There's so many regions and it's not just not France we're talking about. We're talking about America, we're talking about Italy, Chile now, you know, Australia. Think about that relative to trading. Um I always liken it to a how do you know what freaking strike to pick, right? There's so many strikes in all these stocks. And any one stock is like the the the main deal, but you have a lot of different makers in burgundy and and and in France, right? They're all producing similar wines, but they're all kind of they have their little uniqueness. And that's kind of how strike selection can be. You know, you have some people like certain strikes all the time, other people like different ones, right? So, is it a matter of taste or a matter of expertise? I'm not sure. What do you think? I think there's definitely expertise in there, right? You have to know what you're doing, of course. Cuz like education I can't promote enough. The idea that there's any single correct wine for anyone is silly. Like you can describe what Napa tastes like and you can like learn academically about why that flavor comes to be and why Chardonnay Blanc has that acidity, you know. All those are are facts, right? But like what you prefer on any given afternoon is 100% elective. It's dependent on whether you had a curry before, whether you're having my ties after this, you know. Um but it's where you are, what you're eating, what your palate is. There's there's no wrong answer and you know, you can sell your covered call at 52 delta or 12 delta. I don't care. Yeah. Yeah, whatever works for you. I mean, even we we would probably argue about selling premium versus buying premium. Meaning, you know, am I going to am I going to open up that big burly red with a nice delicate fish? Guess what? I'm going to because I like red better than white. I don't dislike white, but I'd rather have red with dinner time and white before dinner time. That's just me. Doesn't follow the rules of wine whatsoever. Not at all. But, hey, to each his own. You may find a certain trade that some people would say, "Ah, I don't think I like that relative to what's going on." But, if if it's in your wheelhouse and you can make it work, so be it. Let it Let it rip. Yeah, everyone has a completely different portfolio. They have a completely different timeline, objectives, you know, all all that like advisor stuff, but that's real, right? Like, to say that someone else can tell you how to put on and take off a trade. Uh it's like having someone else pick your wine for you. Yeah. No, and you and you know, it's also important we I think you and I stress this a lot to the folks is, you know, you got to have a process. You got to have some sort of method that is repeatable, that is disciplined, you know, whatever it is. It's It's still has to have some of that discipline you know, on the trading side especially, you know. Maybe you can be a little undisciplined with the wine, I suppose, because we're all It's all going to the same gullet, but um you the the trading part, you know, you got to pay attention, I think. And gosh, Mark, what's today? What is today? Is today the 4th? June 4th, I believe, yeah. Um I'm going to go out and say happy anniversary. The first day of PDT change is today. So, the the trading world, especially options, has gotten a new relief from that old old rule, and it happens starts today. Which is Well, that is something I absolutely cheers to. Cheers to that. Cheers to that, I'm having a little Cutty Bay Cutty. She said it the And by the way, I'm speaking I'm in a French-speaking island, so everyone has a big French accent. You'd love it here, man. Hey, man, next time invite me down. I'll help you. I'll be your translator. I love it. I love it. You know, I'm I'll just charge you room and board. That's it. That's right. That's where you go. Oh my god. All right, what else we got for today? I'm going to I'm going to cut out early today, I think, because, you know, I'm kind of on vacation. I can hear that music strumming. I can see that Cole Carrib sweating in that heat. You're a lucky man, sir. Yeah, I am a lucky guy, no doubt. This is a lot of fun. My family likes to party it up, too. We We've got my daughter is a big, um, you know, party planner here. So, tonight we have the the French chef, trained in Paris, coming over to the house tonight to make us a little, uh, local red snapper with a nice sauce. And guess what we're drinking? A big red. We are drinking red wine with it. I'm not sure which one yet, but we are drinking red wine with it. So, it's going to be delicious. do you, and make sure to send me pictures. I will. You know I will. I always do. I want some bottle pics. All right, brother. Well, good talking to you. and happy birthday to Mrs. Lex. Yep. This is Mark. You guys have a good week, and always, Mark, what do we have to confer? Happy trading. Happy trading, boys and girls. Do it. Cheers. Cheers. You know how the financial world goes. Here comes the buzzkill. Please make sure to take some time to read this boring disclaimer. We will owe you one.