Brad Goldstein Johnny Depp Wine

Brad Goldstein’s Impressions on Johnny Depp’s Wine Expenditure

Brad Goldstein Johnny Depp Wine

Is $30,000 a Month Too Much to Spend on Wine?

Johnny Depp made headlines earlier this year when his business managers released a list of alleged expenditures that included $30,000 a month on wine. Our wine columnist asks: Is that really so big?

Brad Goldstein, a spokesman for Bill Koch, the billionaire commodities investor and wine collector, was decidedly underwhelmed by Mr. Depp’s expenditures. “Bill Koch sold a case of 1945 Mouton Rothschild at auction last year for $400,000,” he said. If Mr. Depp’s agents were “trying to show excess, they’re in the wrong place,” added Mr. Goldstein, noting it costs a lot more than $30,000 a month to “seriously” invest in first-growth Bordeaux.

IS IT ACTUALLY possible to spend too much on wine? When Johnny Depp sued his business managers at the Management Group for alleged fraud and professional negligence, Joel and Rob Mandelfiled a countersuit, disputing his charges and claiming they had tried to keep the actor in check. To bolster their argument, they published a long list of alleged expenditures from Mr. Depp’s “ultra-extravagant lifestyle,” including $30,000 a month on wine the actor “had flown to him around the world.”  Brad Goldstein Johnny Depp Wine

Mr. Depp spent much more than $30,000 a month, mostly on first-growth Bordeaux, when he was a client at the Beverly Hills Wine Merchant many years ago, according to proprietor Dennis Overstreet. Mr. Waldman said, “Mr. Depp is a sophisticated investor in first-growth Bordeaux which has turned out to be a great asset class over the years.” Although Mr. Overstreet works with many big Hollywood names, he said he now sells some of his most impressive bottles to foreign businessmen. He recently sold a Melchior (18-liter bottle) of 2005 Château Cheval Blanc to a prominent Asian businessman for $65,000. The cult Napa Valley Cabernet Screaming Eagle is a favorite among Russian collectors, added Mr. Overstreet. A magnum of the 2010 vintage costs $10,000. “It’s not about the money but the prestige,” he said, adding perhaps unnecessarily: “Money isn’t an issue.” Brad Goldstein Johnny Depp Wine

Brad Goldstein Johnny Depp Wine

Brad Goldstein Johnny Depp Wine