Business

The highest bid Claudia Sonea

Although the prohibition ended 75 years ago, most of the legal grounds on the matter remained until this summer. One of the things that were also forbidden is the auctioning of spirits in some states and New York kept the interdiction until this summer when it was lifted creating the opportunity for auction houses to sell items like whiskey and cognac. This weekend in New York Christie organized an auction that, according to the interview given by its vice president Richard Brierly on December 5 to CNBC, should bring up to $30,000 a bottle. Such prices are usually due to the fact that these spirits were kept in time and require patience and everyone knows that time/patience means money. The auction attraction was expected to be a bottle of what's called "George Washington's whisky". In fact the auction evolved unexpectedly well and a total of $304,800 worth of rare wine and liquor was sold, with a top lot of 729 bottles of whisky, which left the auction for $102,000. The peak of the auction was the sale of a bottle of 81 year-old scotch for $54,000. The scotch was distilled at Macallan in Scotland in 1926, bottled in 1986 and rebottled in 2002 and from its sale Christie will receive 20 percent commission. Some would say that the anonymous collector has made himself a beautiful present, others, including myself would just think that a beautiful car could have been just as well acquired and with a higher utility and durability. Anyway: Cheers mate!

related story: http://news.yahoo.com/s/ap/20071209/ap_on_fe_st/odd_whisky_auction;_ylt=Av5Ky9sO1xUgyuC.6pmOPpms0NUE

by Claudia Sonea for PocketNews (http://pocketnews.tv)

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edited by Tatiana Kucharikova

Labels: Business, CantellTV, Chris Cantell, Christopher Cantell, digital broadcasting, SigEx Foundry, SigEx Telecom

posted by Blog TechSource @ 6:52 AM