Osaka Auctions Off High Quality Wines for 12.1 Million Yen
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Posted 11/15/09
http://www.japantoday.com/category/national/view/osaka-auctions-off-high-quality-wines-for-y121-mil

Osaka auctions off high-quality wines for Y12.1 mil

Sunday 15th November, 10:11 AM JST

OSAKA —

The Osaka municipal government on Saturday auctioned off 155 high-quality wines, including rare vintage wines, for a total of around 12.1 million yen, more than double the 5.65 million yen it paid to purchase them. Among the wines that received high bids at the auction in Osaka’s Suminoe Ward were Romanee-Conti 1921, which fetched 1.5 million yen, and Chateau Petrus 1949, which ended with a successful tender price of 980,000 yen, municipal officials said.

According to the officials, 22 people and nine vendors took part in the bidding, with a liquor vendor from Kyushu winning the bid for the Romanee-Conti 1921, which the western Japanese city bought for about 600,000 yen. The Osaka city government bought the wines for a display at the wine museum of a cultural exchange facility that opened in 1995. But the slumping popularity of the facility forced the museum to close four years ago, leaving the vintage wine sitting in the cellar.
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