Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Saturday, December 30, 2023

A man bought a $250 bottle of wine in the 1970s and then forgot about it in his basement. It sold at auction for over $100,000.

Estate planningMark Paulson, a California man, recently made over $100,000 from a bottle of wine he purchased in the 1970s and kept unopened in his basement. The bottle of Domaine de la Romanée-Conti La Tâche, initially bought for $250, was auctioned for $106,250. 

 

Paulson, a former commercial painter with a passion for rare wines, was convinced to buy the bottle by a wine proprietor friend. The bottle, a Jeroboam (double magnum), is rare, with only a few produced annually. Paulson's son discovered a similar bottle sold for $81,250 in October 2022, leading to their astonishment at the sale's success through Bonhams Skinner.

 

For more information see Erin McDowell “A man bought a $250 bottle of wine in the 1970s and then forgot about it in his basement. It sold at auction for over $100,000”, Business Insider, May 22, 2023.

 

Special thanks to David S. Luber (Florida Probate Attorney) for bringing this article to my attention.

https://lawprofessors.typepad.com/trusts_estates_prof/2023/12/a-man-bought-a-250-bottle-of-wine-in-the-1970s-and-then-forgot-about-it-in-his-basement-it-sold-at-a.html

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