Corks pop as wine sells for 10 times its estimate

It would appear that the recession is well and truly over after French red wine made more than 10 times it’s pre-sale estimate at a recent auction.

Six bottles of 17-year-old Chateauneuf-Du-Pape Maison Bouachon, which had a pre-auction value of between €40 and €60, ended up realising €440.

Mary Gaynor of Wine Academy Ireland, who valued the wines, wondered if the “buyers had gone crazy” paying so far in excess of current market values.