romanee-conti « WordPress.com Tag Feed

$500,000 paid for 27 bottles

Geoff Bilbrough — Sun, 27 Apr 2008 19:51:20 +0000

Credit crunch? Yeah right. One Beijing-based billionaire has splashed out a record $500,000 on 27 bottles of red wine. It's all Romanee Conti. Here's what he bought:

12 bottles of Romanee Conti 1978, two bottles of the 1961, 1966, 1996 and 2003 and single bottles of the 1981, 1990, 1992, 1995, 1999, 2001 and 2002.

"It is the highest price that has ever been achieved for a single lot," Managing Director Stephen Williams of the London- based Antique Wine Company told Reuters. Here's the full story <link>.

The article reports the buyer bought them to drink not as an investment. That is some mixed dozen.

How much per sip?

Lisa Pampuch — Sat, 19 Apr 2008 16:36:54 +0000

Reuters reports that an anonymous Chinese billionare just paid a half a million bucks for 27 bottles of "Romanee Conti, a Burgundy wine and considered to be among the world's most exclusive with only 450 cases produced each year."

If you figure 5 glasses per bottle, this guy just paid more than $3,700 per glass of wine. Those had better be damn good wines.

I wonder if he's aware of Decanter magazine's report on studies – by the American Association of Wine Economists study and Caltech study – which found that when people don't know the price of a wine, they tend to prefer inexpensive wines, but when they do know the price (or think they do; this phenomenon holds when they're given inaccurate prices), they prefer the expensive wines.

And does that study make this a better investment or a worse one?

Romanee-Conti-Verkostung 2005

wolfhos — Tue, 12 Feb 2008 13:48:32 +0000

Leider nicht ich, sondern Eric Asimov für die NY Times. Es macht einen immer ein bisschen wehmütig, wenn Menschen über ein Ereignis reden, bei dem man selbst gerne dabei gewesen wäre...