The contrarian collector
Article Abstract:
Richard Thaler is an author, behavioral economist, and partner in an asset management firm. He has also amassed a 1400-bottle wine collection that he has chosen according to his own palate. His economic theory centers around the idea of humans' actions being subject to the whims of their nature, and applies this theory to his own wine-buying. For example, he knows that those who get emotionally involved in bidding on wine in an auction will invariably pay far more than the wine is worth. Therefore, he makes lowball bids via fax, so that when he does win, he has really won.
Publication Name: The Wine Spectator
Subject: Food and beverage industries
ISSN: 0193-497X
Year: 1999
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Late, great sales finish the '95 season in London
Article Abstract:
The Dec 7, 1995 Christie's London 'finest and rarest' auction grossed more than $1.6 million. Only a few vintages, including Chateau d'Yquem 1864, 1879, 1921, and 1924, failed to exceed their index price averages.
Publication Name: The Wine Spectator
Subject: Food and beverage industries
ISSN: 0193-497X
Year: 1996
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Star Collector
Article Abstract:
A profile of astrophysicist and director of New York's Hayden Planetarium as a wine collector is presented. With a 700 bottle cellar his experience dates back to graduate school.
Publication Name: The Wine Spectator
Subject: Food and beverage industries
ISSN: 0193-497X
Year: 2000
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