NEW ZEALAND: Flat millennium sales drives Champagne under the hammer
Auckland auctioneer Peter Webb will put over 300 cases of Champagne under the hammer on Monday with the catalogue expected to raise about NZ$500,000.
Webb says there is a mix of vintage and low price Champagne but the majority will be Heidseck Monopole, Roederer Cristal 1993 and Pol Roger 1990.
"Wine importers over imported this stuff last year and just didn't sell enough over the Millennium period and during the America's Cup. But this has been a worldwide problem but it gives us here an opportunity to enjoy some fine Champagne. I'm certainly planning to buy a couple of cases."
French Champagne producers had their best year ever in 1999 with about 300 million bottles sold. But many wine importers have had to get rid of big surpluses.
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