You often see folks holding red wine this way. But it is not the correct etiquette. The savoir faire know better.
This is the way most elegant families service their “house” wine. It removes all the snobbery, and creates an air of mystery and intrigue.
In today’s world of mass-production and instant gratification, needing to wait reassures us that we are investing in genuine art and craftsmanship.
How you choose to serve your drinks reveals so much about you. Subtle cues that most people, miss, but are immediately obvious to distinguished company.