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article imageSpirited Bidding: Vintage 1788 cognac fetches $36,935 at auction

By Sandy Sand     Dec 10, 2009 in Lifestyle
In a Parisian version of an American garage sale, a landmark restaurant swept out the cobwebs, dusted off 18,000 bottles of its 432,000-bottle vintage wine collection and put them up for auction.
The wine cellar at Tour d’Argent restaurant in Paris, France, is considered to be one of the best and biggest in the world, and among the pricey wines sold at acution, a bottle of 221-year-old Vieux Cognac went for 25,000 euros, $36,935 American.
Initially the two-day sale was expected to bring in around one million euros, but at the end the wine brought in 1,542,767 euros, said a spokesman at Piasa auction house.
Wine lovers throughout the world from China to the United States to Russia joined in the bidding.
The star of the show was the single bottle of 1788 Vieux Cognac Le Clos Griffier, which was produced during the reign of King Louis XVI and his queen, Marie Antoinette. It would be another five years before their double beheader that essentially put an end to the French monarchy.
Proceeds from the 1788 cognac were donated to the Association Petits Princes, France’s version of America’s Make-a-Wish Foundation.
The restaurant’s name, Tour d’Argent means Tower of Silver, a spokesman said, and most of the receipts from the auction will be used for renovations.
Long known for its pressed duck and view of Norte Dame, the Left Bank restaurant dates back to 1582.
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