Government

Government cellar to be auctioned by Christie’s

Posted by WineInvestment.org on March 11, 2013
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Obama Drinking Wine


Christie’s have announced that they will be auctioning wines from the UK government’s cellar on the 21st of March at King Street.

Rare lots include: six bottles of Latour 1961, six bottles of 1970 Pétrus, a case of Mouton Rothschild and a case of 1986 Le Pin. In total they have been estimated to raise as much as £65,000.

Foreign Office Minister Mark Simmonds said in the statement:  “I warmly welcome this auction of wine from the Government Wine Cellar. This is part of the process for making the cellar self-funding for the lifetime of the current parliament.”

Christie’s international director of wines, David Elswood, said: “This is a truly rare opportunity for buyers to have the chance to pull the cork from a bottle of very fine wine that comes with the unique storage provenance of the Government Hospitality Fund’s very own cellars.”

Susan Crown, a Foreign Office spokeswoman also commented saying that: “These vintages are too valuable to drink,” “It was never the intention to buy expensive wine. Their sale will help pay for the running of the cellar and the purchase of less expensive ones.”

However, high quality French wines will continue to be served at functions, Crown commented that “When President Obama comes to dinner, you can’t serve him Lambrini. ”

Source: www.Drinksbusiness.com / www.Bloomberg.com

 

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