A bottle of cognac fetched 1 million yuan (US$156,740) at a recent auction in Shanghai, handily exceeding the EUR25,000 record set in France in 2009, according to the Guinness Book of World Records. The result underscores the importance China has assumed in the market for the high-end liquor.
The 1858 bottle from the Cognac Croizet was auctioned at the Swatch Art Peace Hotel, a building constructed in 1908 on the Bund, over the weekend. Maggie Vong, the Hong Kong woman who bought the bottle, said according to a press release from the auction house that she learned to like congac from her father, and that she would save it for a special occasion.
The cognac was named Cuvée Léonie, after the daughter of the house’s founder, Léon Croizet. It was part of her wedding dowry in 1892. The cognac house said this is the first bottle of Cuvée Léonie ever released in mainland China. via Wall Street Journal