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Wine & Drinks

$785,000 French Burgundy Set A New World Record For Being The Most Expensive Wine In The World

Finally, the French Burgundy set a new world record for being the most expensive wine in the world. The featured bottle dates back to 1945, fetching a huge sum of $5,58,000 in an auction in New York. According to Sotheby’s, they have estimated the price of that vintage bottle to be around $32,000. Unexpectedly, they succeeded to pull out seventeen times more out of it. 

Definitely, this proves the previous theories of diminishing demand for expensive wines due to turbulence in the world economy to be wrong. It shows that people are ready to spend even half a million bucks for their beloved bottle of wine. Only 600 bottles of this limited edition Romanee-Conti wine was produced 73 years ago, making it one of the rarest wine of the world. A few days later, another bottle of the same series got sold for a whopping $4,96,000.

A Christie’s employee displays a rare bottle of French 1945 vintage Romanee-Conti wine, 11 May 2007, during an auction preview in Geneva. Only 600 bottles of this legendary Burgundy wine were produced. The bottle is tipped to fetch up to 50,000 Swiss francs (Euro 30,417 / USD 41,000) and will be sold among 892 lots of “grand crus” during a Christie’s auction 15 May 2007 in Geneva to support the charity foundation, Children Action. AFP PHOTO / FABRICE COFFRINI (Photo by FABRICE COFFRINI / AFP)

The previous record of most valuable wine was held By Sotheby’s as well when they sold a three-liter bottle of Mouton-Rothschild 1945 in 2007 for $3,10,000. The Sotheby’s head Jamie Ritchie found pretty optimistic for the current trend of collecting vintage wines. However, wine fanatics from China have an important role for such an uprising of the prices of wine, which is in contrast to their slowing down economy. 

 

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