The french are selling off Chirac's wines

by Nicole Weston, Posted Jul 6th 2006 @ 7:04AM

At Luxist, Deidre announced that the wines collected by Jacques Chirac while he was the mayor of Paris will be auctioned later this year. The city has decided that the liability involved in keeping the collection - which could be damaged by floods or other accidents in the bowels of the Hôtel de Ville, where it is kept - is too high to make it worth the risk, not to mention the fact that the wine budget for the city has been slashed dramatically and they can't really afford the maintenance. The wine budget reduction is a reflection of the fact that the Parisians aren't drinking wine at the same rates they used to. For example, despite an equal number of receptions, only half the amount of wine is consumed now as it was during Chirac's time in office.

The 5,000 bottle collection is expected to bring in at least $600,000, as it contains many fine wines, including 191 bottles of 1976 Krug champagne and several bottles of 1990 Château Pétrus (worth more than $1,700 each).

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Tags: auction, chatrau petrus, chirac, europe, france, french, jacques chirac, krug, paris, sale, sales, wine, wines