Chateau+Lafitte Record $500,000 paid for 27 bottles of red wineOne Beijing-based billionaire has splashed out a record $500,000 on 27 bottles of red wine, London-based Antique Wine Company said on Saturday.

The anonymous Chinese entrepreneur bought a mix of vintages of Romanee Conti, a Burgundy wine and considered to be among the world’s most exclusive with only 450 cases produced each year.[...]

“It is the highest price that has ever been achieved for a single lot,” Managing Director Stephen Williams of the London- based Antique Wine Company told Reuters on Saturday.

“I don’t think he has bought this as an investment — he has bought it to drink,” he added. “The fine wine industry is completely immune from the global credit crunch.”
continued Record $500,000 paid for 27 bottles of red wine