• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Readify UK

Read, Write, Submit and Publish

  • Business
  • Education
  • Shopping
  • Fashion
  • HealthCare
  • Travel Diaries
  • Get In Touch
You are here: Home / Business / UK government auctions wine

May 23, 2013 By tony

UK government auctions wine

These days, wine lovers can take their pick from a wide range of bottles produced around the world. As well as investing in single bottles, they can purchase cases and, if they are buying bottles as a gift for someone else, they can opt for impressive wine hampers.

Recently, enthusiasts had the chance to purchase bottles from the UK government when it auctioned off some of its wine. The government cellar is thought to contain almost 40,000 bottles and a handful of lots worth a total of around £50,000 went under the hammer in March.

One of the lots was a six-bottle case of 1970 Chateau Petrus. It had an estimate of £6,000. Meanwhile, a 12-bottle lot of 1986 Le Pin was expected to reach around £10,000.

The bottles had been stored in the Government Hospitality Cellar in Lancaster House, which is near Buckingham Palace, since they were bought from UK merchants. The cellar, which is stocked and controlled by a committee comprising industry consultants and government officials, provides wine for government functions.

Commenting on the sale, David Elswood, international head of wine at auction house Christie’s, said: “The government has a huge quantity of wine, and is selling bottles that are approaching or are at peak drinking.”

Speaking to Decanter.com ahead of the sale, he added: “They are rationalising their cellar, making sure they don’t have too much of a particular wine.”

The news source noted that following a decision made in 2011, the government will review and report to parliament concerning the costs, consumption, purchases and value of the wine cellar.

When people are on the lookout for wine, whether they want to get wine gift hampers to hand to others or purchase bottles for themselves, they are increasingly heading online. This is a convenient form of shopping and it provides individuals with considerable choice.

Related posts:

  1. Luxury fizz is proving popular among consumers
  2. Buying Gifts for Couples
  3. Corporate Christmas Gift Ideas
  4. Government Proposals May Make Driving Instructors’ Lives Easier

Filed Under: Business

Previous Post: « Are Nanny Jobs Right for You?
Next Post: Finding the Right Home Accessories »

Primary Sidebar

Trending Posts

Know Which Type Of SEO Technique Is Good For Your Ecommerce

Teaching You To Become An Aggressive Trader

No Frills Reminders To Keep Your Wealth In Good Health

Top 5 Low-Risk Investments That Yields Great Returns

How To Make The Interior Of Your House Look Classy

Footer

Connect With Us

  • Facebook
  • Twitter

Search

Latest Posts

  • Know Which Type Of SEO Technique Is Good For Your Ecommerce
  • Teaching You To Become An Aggressive Trader
  • No Frills Reminders To Keep Your Wealth In Good Health

Important Links

  • Contact

Copyright © 2021 · Readify UK Blog