Wine Futures are a way to purchase wine still in barrel at a lower price in advance of release; the French call this process en Primeur. You take a ‘bet’ on the development of the vintage and the wine. Typically, the purchase price for wine futures is lower than the release price. For most en Primeur offerings, a decision has to be made solely on a wine writer’s recommendation.
However, at Joseph Phelps Vineyards, you don’t have to take our word for it or the word of a wine writer.
Insignia Futures – Exclusive to members of Phelps Preferred
Phelps Preferred members have the opportunity to pre-order Insignia, our flagship wine, each year at a future’s price which is lower than the normal 20% club discount. For example, the 2010 vintage was offered at $140 for futures, with a release price of $225; thus Phelps Preferred members purchasing futures saved 37%. In contrast to other wine futures, Insignia can be tasted prior to a subscription. Joseph Phelps’ track record on Insignia is stellar: 32 of 37 years have been rated at or above 90 points on a 100 point scale. This history reduces the gamble and allows club members to secure orders of Insignia one year before it is released to the public.
Insignia is included in all Phelps Preferred shipments and members receive exclusive futures offers.
In general, we begin our Futures Program when we send out invitations to our members-only Insignia Weekend event, on April 1st of each year. At the Insignia Weekend, our Phelps Preferred members have an opportunity to taste a barrel sample of the Insignia vintage available for the Futures Program. Barrel samples continue to be made available on a daily basis at the Joseph Phelps Vineyards Guest Center through June 30th; the Futures Program ends on June 30th of each year.
If you would like to join Phelps Preferred to become eligible for Insignia futures, click on Membership form. If you have any questions, please contact Customer Service at (800) 707-5789 or by e-mailing firstname.lastname@example.org.
Robert Parker, Jr. of The Wine Advocate speaks about Insignia in this video.