A collection of rare wines up to 100 years old is expected to sell at auction for $10 million

Summary List Placement

If you have a taste for 100-year-old champagne — and a bit of cash to spare — you may be in luck.

877 bottles of champagne and burgundy wine with vintages dating between 1911 and 1943 are being auctioned by Acker, the largest wine auction house in the world, on Wednesday and Thursday, CNBC first reported. 

There are more than 900 separate lots of the rare bubbly being sold, which is expected to sell for a whopping $10 million. The variations of champagne include “323 magnums, 10 Jeroboams, two Methuselahs and 30 half-bottles,” CNBC reported. 

In total, the collection could go for over $10 million. 

With there being strict lockdowns and less opportunity for indoor dining at restaurants and bars during the pandemic, champagne sales declined nearly 18% in 2020, Insider previously reported. 

“The bottles offered in this sale are truly the cream of this collection,” Acker Chairman, John Kapon, told CNBC. “To offer such depth and breadth of Salon, Krug, Bollinger, Louis Roederer, Pol Roger and Pommery back to the 1920s, and Moet & Chandon back to the 1910s, is truly a rare privilege for myself as an auctioneer.” 

The auctioneer told CNBC that there was “a significant effort” put into the vetting of the 100-year-old collection of wines. Kapon said, “any bottles deemed to have suboptimal color or conditions were removed.” 

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Source:: Business Insider

      

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