Global credit crunch has little impact on high end wine market; highest amount ever paid for 27 bottles of wine

04/20/2008 05:53

WWG - According to Reutors London a Beijing based billionaire has paid a record $500,000 for 27 bottles of Romanee-Conti.  Apparently, the last biggest wine transaction occurred over the same wine makers wine, when two collectors let their egos get the best of them and continued to outbid themselves until they had bid$167,500 on 7 bottles of 1978 Romanee-Conti. More impressive than that, the billionaire plans to drink the wine.  World Wine Groups found this article on the World Most Expensive wines which includes a story about a bottle owned by Thomas Jefferson which is still in the private collection of some lucky wine drinker.

LONDON (Reuters) - While the global credit crunch has forced many consumers to rein in spending, one Beijing-based billionaire has splashed out a record $500,000 on 27 bottles of red wine, London-based Antique Wine Company said on Saturday.

Full Story - http://www.reuters.com/article/topNews/idUSL1928862520080419?feedType=RSS&feedName=topNews&rpc=22&sp=true

 

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