Raising a glass to an investment in wine

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Wine bottles in a rack

A million dollars for a bottle of wine? It might seem a steep price to pay for a nice Californian red – even if it’s a six-litre “methuselah” bottle – but that’s what one bidder shelled out at a charity auction in November this year.

The bottle of Setting Wines’ “Glass Slipper Vineyard” Napa Cabernet Sauvignon 2019 was auctioned off during the Carnival du Vin auction in New Orleans. It’s thought to be among the highest prices ever paid for a bottle of wine at auction.

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