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Vintage wine sells for $49,000 in Geneva

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16:35 CEST+02:00

A bottle of French wine dating back to 1774 fetched 46,000 francs ($49,200) at auction in Geneva
on Tuesday.

An anonymous internet buyer purchased the "Vin Jaune" which hails from Arbois in the eastern Jura region.

Sellers Christie's said the wine had been stored for generations in a vaulted underground cellar by the Vercel family.

The purchase price, which included the buyer's premium, met the estimated price tag of between 40,000 and 50,000 francs.

Christie's said a bottle from the same batch was tasted by wine experts in 1994 who deemed the vintage, with notes of cinnamon, curry and vanilla, "excellent."

"Nicknamed 'the wine of kings and the king of wines,' this extraordinary bottle is probably the oldest unfortified example of what is to be still an astonishing wine and another true rarity for wine lovers and connoisseurs," said the auction house ahead of the sale.

 
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