Credit-Municipal-de-Paris

A Sign of Tough Times, Paris Pawn Shops Accepting Wine

Filed under: Wine

For the first time ever, pawn shops in Paris that typically accept family heirlooms and jewelry have made the decision to accept wine. With a minimum value of €60 required, the Crédit Municipal de Paris will give owners fifty-percent of the value and store the wine until it can be bought back. The building happens to have 18th century cellars below ground, providing the perfect storage area for the pawned wine. For wine that isn't bought back it will eventually be sold at auction. So far the most expensive bottle pawned was a Domaine de la Romanee Conti for €5,000.

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Tags: Credit-Municipal-de-Paris, Domaine-de-la-Romanee-Conti, economy, pawned-wine, recession, wine