I will call it 'Long Vintage'
Vintage quality wine is stored in standard used oak 550 litre pipes (no more, no less, no stainless steel) for ten years; during which time it is periodically racked, but otherwise left in peace.
It is then bottled, unfiltered, to complete it's maturation for at least five years more.
In short, it is LBV with attitude..!
The resulting wine should (I think!) have most of the qualities of a 30yr old vintage port in around half that time - not a perfect alternatiive, but a wine that might retail for around £20
- Now tell me why this would be a waste of time!

Tom