Wine smashes record

An unnamed Asian private buyer snapped up six bottles of Paul Jaboulet Ainé’s iconic 1961 Hermitage La Chapelle for 109,250 Swiss francs ($98,587) at Christie’s, during sales in Geneva that outstripped estimates.

Wine doesn’t just get better with age... it also gets dearer, as proved by a record wine auction last week. An unnamed Asian private buyer snapped up six bottles of Paul Jaboulet Ainé’s iconic 1961 Hermitage La Chapelle for 109,250 Swiss francs ($98,587) at Christie’s, during sales in Geneva that outstripped estimates.“

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A new world auction record per bottle has been set by a rare case of the great Hermitage ‘La Chapelle’ 1961 wine, sold for 109,250 Swiss francs against a low estimate of 60,000 francs,” said David Elswood of Christie’s.