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Record Wine Lot Sold to Chinese Wine Lover

Filed under: Wine


There may be a global economic crunch these days but fine wine connoisseurs are not feeling its effects. Recently, $500,000 was paid for twenty-seven bottles of various vintages of Romanee Conti. The well-known Burgundy wines are not expected to be kept as an investment for the wealthy Chinese connoisseur that bought the lot which he most likely intends to enjoy himself. His purchase is the highest price paid for a single lot yet to date at the Antique Wine Company in London. If he feels like sharing I would be happy to taste a little Romanee Conti myself.

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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