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Champagne bottle sold for a record $2.5 million

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A bottle of Champagne has sold for $2.5 million, eclipsing the auction record for bubbly and possibly becoming the most expensive bottle of wine ever sold. But there’s a weird gimmick: Chateau Avenue Foch, 2017’s magnum comes with a single NFT that includes the digital art and intellectual property rights to the image of “Bor Ape Mutants” and other collectible cartoon figures adorning the bottle. (One magnum is equal to two regular-sized bottles.) NFTs are digital images that trade on the blockchain. The highly speculative market for them peaked in 2021 with sales of $41 billion, but has slowed sharply due to the recent decline in the cryptocurrency. The buyers of Champagne were the brothers Giovanni and Piero Buono. They are Italian investors in cryptocurrencies who are active in the fashion and technology industries. According to the seller, regardless of his crypto profile, the purchase was made in dollars. The sale was first reported in The Wall Street Journal. Shammi Shinh, the British entrepreneur who started and sold the bottle, said he hopes the champagne fizz will juice the market for NFTs at a time when it, and other financial markets, are far away. HIGH “I am hoping for more awareness – I want people to understand NFTs now,” said Shinh. He said the champagne, and his collaboration with artist MiG, could be a limited edition first. The “floor price” of a Bor Ape Yacht Club token, the top rank of the Ape Collectibles chain, has fallen by 93 Ethereum, or approximately $99,501, 153 eth, or $163,000, from an all-time high of $163,000, set in May, according to the website NFT Floor Price. it was done. Chateau Avenue Foch is a brand new one. Champagne’s Premier Cru grapes were grown at Eloucherie, a family-owned estate in Chamory. Giovanni Buono told the Journal that the brothers have no plans to open the bottle. They were bought privately. In the public market for wine, older bottles typically fetch higher prices. In 2020, a bottle of the famous Heidsieck 1907 Shipwreck Champagne was sold in Moscow for $275,000. En route to Caesar in 1916, so the story goes, the shipment was sunk by a German U-boat and recovered decades later by Finnish divers. For the most precious wine of any kind at auction, a bottle of Domaine de la Romany-Conti was bought by a collector for $558,000 at a Sotheby’s sale in New York in 2018. Only 600 bottles were made from the 1945 Burgundy vintage, which is referred to as the “Unicorn Vintage”.

A bottle of Champagne has sold for $2.5 million, breaking an auction record for bubbly and possibly becoming the most expensive bottle of wine ever sold.

But there’s a strange gimmick to it: Chateau Avenue Foch, 2017’s magnum comes with a single NFT that includes the digital art and intellectual property rights to the image of “Bore Ape Mutants” and other collectible cartoon figures adorning the bottle. (One magnum is equal to two regular-sized bottles.)

NFTs are digital images that trade on the blockchain. The highly speculative market for them peaked in 2021 with sales of $41 billion, but slowed down sharply due to the recent fall in the cryptocurrency.

The buyers of champagne were the brothers Giovanni and Piero Buono. They are Italian investors in cryptocurrencies who are active in the fashion and technology industries. According to the seller, regardless of his crypto profile, the purchase was made in dollars. The sale was first reported in The Wall Street Journal.

British entrepreneur Shammi Shinh, who started and sold the bottle, said he hopes the Champagne fizz could juice the market for NFTs at a time when it and other financial markets are far from their highs.

“I am looking forward to more awareness – I want people to understand NFTs now,” said Shinh. He said that his collaboration with Champagne and artist MiG could be the first of a limited edition.

The “floor price” of the Bor Ape Yacht Club token, the top rank of the Ape Collectibles chain, has dropped to 93 Eth, or around $99,501, from an all-time high of 153 Eth, or $163,000, set in May. NFT floor price on website.

Chateau Avenue Foch is a brand new one. Champagne’s Premier Cru grapes were grown at Eloucherry, a family-owned estate in Chamory.

Giovanni Buono told the Journal that the brothers have no plans to open the bottle.

They were bought privately. In the public market for wine, older bottles typically fetch higher prices. In 2020, a bottle of the famous Heidsieck 1907 Shipwreck Champagne was sold in Moscow for $275,000. En route to Caesar in 1916, so the story goes, the shipment was sunk by a German U-boat and recovered decades later by Finnish divers.

For the most precious wine of any kind at auction, a bottle of Domaine de la Romany-Conti was purchased by a collector for $558,000 at a sale at Sotheby’s in New York in 2018. Only 600 bottles were made from the 1945 Burgundy vintage, which is referred to as the “Unicorn Vintage”.

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