The Irish government has announced that they plan to auction off wine, just days after the Elysee Palace wine auction was held in Paris.
Irish news reports state that the Foreign Affairs minister Eamon Gilmore has decided to sell off wines worth over €30.
Just over 2,340 bottles in the government’s cellar have been valued at €77,767; the sale of which is hoped to generate €40,000 for the taxpayer.
Reports do not mention whether or not the wine will be sold back to suppliers or sold off at auction. However, some concerns have been raised regarding the fact that wines such as 22 bottles of Château Léoville Barton Second Growth Saint Julien 1997 had cost €75 per bottle, and today can be bought for the same or less.
Similarly, 33 bottles of Château Kirwan Third Growth Margaux 2000, were bought for €65 apiece, and now cost about the same or less.
On the other hand, the state collection includes 31 bottles of Château Lynch Bages Fifth Growth Pauillac 1998, purchased for €58.56 each, and now worth about double that price.
Philip Grant, press and media relations director for the Department of Foreign Affairs, confirmed the report as ‘accurate’ to Decanter.com.