Exploring the World’s Most Expensive Wine
One of the most unique and unexpected items that luxury pawnshop Beverly Loan Company accepts as collateral is fine wine. Specializing in such a rare form of collateral has even attracted media attention from Reuters and NPR. There are a few select wines that continue to top the list of the finest wines and these are the types of vintages that Beverly Loan makes pawn loans against.
The world’s most expensive retailed bottle of red wine, the 2009 Château Margaux Balthazar can be purchased for $195,000. Only six bottles of this vintage are in existence and are on display at Le Clos’ in Dubai International Airport. With an average cost of $1,500 per bottle, Château Margaux is known for high quality exclusive wines.
In 2010 three bottles of Chateau Lafite went up for auction at Sotheby’s in Hong Kong and sold for $230,000, setting an auction record. The previous auction record set by Lafite was in 1985 at Christie’s Auction House for a bottle from 1787. It was engraved with Thomas Jefferson’s initials and supposed to have originated from the late presidents collection.
A bottle of 1992 Screaming Eagle Cabernet Sauvignon, a California cult wine, sold for $500,000 in 2000 at a charity auction in Napa Valley.
Some of these above examples are outliers, and not necessarily a great representation of what may be in a wine connoisseur, or Beverly Loan Company’s cellar. The biggest names in wine vary in price depending on rarity and demand. A bottle of Romanee-Conti Grand Cru averages a price of $13,000, while a bottle of Richebourg Grand Cru, a rare Burgundy, sells for roughly $15,000 per bottle.
Please call 310-275-2555 ahead of time to discuss a loan on fine wine, and please be prepared to discuss how the wine was stored and to provide provenance.