Prized Bordeaux Brings In Over $1 Million
Filed under: Wine
As expected, those 50 cases of 1982 Chateau Mouton Rothschild that were up for sale this weekend sold big. The estimate for the treasure trove of elegant Bordeaux was $ $600,000 to $1.2 million and they sold for $1.05 million. The wines were just part of Park B. Smith's cellar auction which benefitted his alma mater, Holy Cross. According to Daniel Taub of Bloomberg, the 1982 Mouton went to an anonymous European phone bidder and the auction raised $5.33 million with buyer's premium. One can only hope that the new owner will pamper the wines the way Smith did in order to make the most of the investment. Smith bought the cases in 1997 for $420,500 and given the prices on Bordeaux as of late the new owner might be able to make quite a profit of his own in a decade's time.
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