$500,000 for 27 Bottles of Plonk
Apr 21st, 2008 | By Contrarian Profits | Category: Featured, Financial News, International InvestingIt’s the highest price ever paid for a single lot of wine, reports Reuters.
The buyer? An anonymous Chinese billionaire.
According to the report: “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.”
China is booming, despite the recent sell-off of Chinese stocks, but how do US investors profit from the China story without getting burnt?