Not a Bubble?

"[T]hen came the 2005 Bordeaux vintage. With prices for First Growths starting at more than $600 per bottle and going to well over $1,500, I was offended by the sheer arrogance and greed of it. This was less a moral judgment and more an investment thesis. I believed wealthy French wine makers had taken the profit potential from us poor wine collectors, and it infuriated me that they had finally wised up. I shut my wallet."