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Stock impact report

Bottle of wine sells for a record $558,000 [CNBC]

SOTHEBYS (BID) 
Last sothebys earnings: 5/2 07:00 am Check Earnings Report
US:NYSE Investor Relations: investor.shareholder.com/bid
Company Research Source: CNBC
Source: Sotheby's The 2 bottles of French Burgundy sold from the personal cellar of Robert Drouhin, patriarch of the family-run Maison Joseph Drouhin in Burgundy. A 73-year-old bottle of French Burgundy became the most expensive bottle of wine ever sold at auction, fetching $558,000. The bottle of 1945 Romanee-Conti sold at Sotheby's for more than 17 times its original estimate of $32,000. Another bottle of the same wine and vintage went for $496,000 moments later at Saturday's auction. The bottles shattered the previous record fort the most expensive bottle of wine ever sold — a 3-liter (known as large format) bottle of 1945 Mouton-Rothschild that sold at Sotheby's in 2007 for $310,000. The sales — along with a bottle of whiskey that sold at Sotheby's on Saturday for $843,200 — shows that demand for the rarest and best trophy wines and spirits remains strong despite global stock market jitters and trade wars. Demand for the top vintage Fr Show less Read more
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