10,500-euro Wine on Way to China

by Dr. Enozia Vakil on  December 7, 2013 at 11:08 AM Lifestyle News
RSS Email Print This Page Comment
Font : A-A+

After fetching 10,500 Euros at an auction, a bottle of 2004 Romanee-Conti is now on its way to China.

The highly-prized burgundy, one of 1,400 bottles put up for sale as part of government efforts to trim France's budget deficit, went for more than twice its guide price.
 10,500-euro Wine on Way to China
10,500-euro Wine on Way to China

Huang Lishen, made the winning bid, but the 27-year-old revealed he would not be getting to taste the wine.

"I'm buying for a friend in China who imports wine," Huang told AFP.

Despite the hefty price tag for the most sought after item, Huang said prices were generally more reasonable for the prime ministerial bottles than they had been at an auction of stocks from the presidential cellar in May.

Chinese buyers were also prominent in that sale, at which the sale of 1,200 bottles raised 720,000 euros.

In both sales, the bottles were given additional value for collectors by the addition of special labels certifying their origin.

Source: AFP

Post a Comment

Comments should be on the topic and should not be abusive. The editorial team reserves the right to review and moderate the comments posted on the site.
Notify me when reply is posted
I agree to the terms and conditions

More News on:

Bubbles and Brews - Alcohol Facts 

News A - Z

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

News Search

Medindia Newsletters

Subscribe to our Free Newsletters!

Terms & Conditions and Privacy Policy.

Advertisement
Advertisement

Stay Connected

  • Available on the Android Market
  • Available on the App Store

Facebook

News Category

News Archive