France to Auction Wines From Presidential Cellar

1,200 of the Élysée Palace's finest vintages will be up for bidding, and some of the money will reportedly be funneled into the cash-strapped country's budget.

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Charles Platiau / REUTERS

Francois Hollande holds a glass of wine at the 49th Paris International Farm Show at the Porte de Versailles exhibition center in Paris February 28, 2012.

Not even the French President’s wine cellar is immune to the financial austerity measures taking effect across Europe.

The Paris auction house Drouot has announced that the Élysée Palace — the presidential palace — is set to put 1,200 of its finest bottles up for auction at the end of the month, the New York Times and Reuters report. The money raised—expected to be around 250,000 euros ($327,500)—will reportedly be used to both buy cheaper wines and fund the cash-strapped country’s budget.

(MORE: More Booze Please! The National Drive to Lift Restrictions on Alcohol-preneurs)

The bottles in upcoming sale make up about 10% of the 12,000 in the Élysée Palace’s famous cellar, which provides wines for state functions. Drouot says some of the wines, mostly from Bordeaux and Burgundy, have “accompanied great moments of the Fifth Republic,” as Radio France Internationale reports, and the cellar’s wines have been served to numerous foreign guests. While the Financial Times says one of the bottles up for sale, a 1990 Petrus Bordeaux, is worth about 2,200 euros ($2,900)—the auction house says most bottles should be available for less than 100 euros ($132).

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Since he took office in 2012, France’s Socialist President François Hollande has tried to portray himself as “Mr Normal,” a man who prefers people to money and rejects the excesses associated with his predecessors in the post. So the wine auction may be a symbolic gesture to show empathy with a nation feeling the pinch of austerity.

The plan also comes after the city of Dijon auctioned 3,500 bottles in January, as socialist Mayor François Rebsamen sold half of the city’s official cellar, raising 150,000 euros ($198,000) to help fund the city’s struggling social services. Across the Channel, the British government also auctioned off vintage French wine from its cellar last month as part of an austerity drive, according to Reuters.

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13 comments
Filipposlashtoma Showroom
Filipposlashtoma Showroom

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HERE EXPLAINED TURBOFACEBOOK. https://www.youtube.com/watch?v=Ss7XxAsbEK8 http://en.wikipedia.org/wiki/Magnetic_motor http://www.youtube.com/watch?v=zqG-TL0WnjE&NR=1&feature=endscreen https://www.youtube.com/watch?v=7_98nAjQYDE https://www.youtube.com/watch?v=ugGIL-KL5rc http://larouchepac.com/node/23412 http://www.hsgac.senate.gov/download/?id=2a76c00f-7c3a-44c8-902e-3d9b5dbd0083 http://www.std.com/~mica/cft.html https://www.youtube.com/watch?v=UgZaukloAAY&feature=endscreen&NR=1 http://freeenergynews.com/Directory/Howard_Johnson_Motor/ http://www.youtube.com/watch?v=287qd4uI7-E http://www.youtube.com/watch?v=RkLfpXpO5sQ https://www.youtube.com/watch?v=7PDeK6rprA4 http://obaidkarki.typepad.com/blog/2012/08/lavin-lawsky-barbeque-is-to-move-hsbc-narcos-kajillion-scam-to-senate-boring-game-al-qaida-hamas-saudi-hezbollah-assad.html https://www.youtube.com/watch?v=71TNsCdY8LM http://www.youtube.com/watch?v=MxiQmtVGgcQ&feature=share http://www.salon.com/2012/12/11/hsbc_to_pay_1_9bn_to_settle_money_laundering_scandal/ http://www.ipolitics.ca/2012/08/03/cocaine-cowboys-know-the-best-place-to-bank/ http://www.avijorisch.com/10986/banking-without-borders http://www.trueactivist.com/gab_gallery/12-year-old-girl-gets-it-why-dont-you/ http://www.youtube.com/watch?v=wtoCX4XqnQ8 http://www.youtube.com/watch?v=ezIU6ZxYU3A http://thesantosrepublic.com/2012/07/full-report-hsbc-u-s-affiliates-saudi-bank-bangladesh-banks-with-ngo-aiding-in-financing-terrorism-and-money-laundering/ http://www.scoreboard-canada.com/babylon-afghanheroin.htm http://www.debunking911.com/thermite.htm http://www.youtube.com/watch?v=v5StMRiWJkQ https://www.youtube.com/watch?v=VUg-BZAR5ro https://www.youtube.com/watch?feature=endscreen&v=ugGIL-KL5rc&NR=1 http://forums.randi.org/showthread.php?t=217459 http://www.foreignpolicy.com/articles/2012/01/03/1_write_off_the_worlds_debt https://www.youtube.com/watch?v=zE9sV6_D_NY https://www.facebook.com/photo.php?v=4861494669344&set=vb.1656513432&type=3&theater https://www.facebook.com/photo.php?fbid=3924249558802&set=t.1656513432&type=3&theater http://www.bnp.org.uk/news/national/breaking-news-overlooked-hsbc-scandal-%E2%80%93-funding-terrorism-and-drugs http://ilmondodiannibale.globalist.it/Detail_News_Display?ID=43783 http://www.fao.org/newsroom/en/news/2008/1000853/index.html http://en.wikipedia.org/wiki/Laki 30 BILLION DOLLARS PER YEAR(FEW AND DIMMING) TO ELIMINATE WORLD HUNGER, AS MUCH AS THE WEEKLY WORLDWIDEWAR EXPENCES, TURBOWAR INFACT. INSTEAD OF ENSURING A SPARKLING AND STABLE, NEVER SEEN WORLD ECONOMY, THEY(WE?) FORCE HALF PLANET INTO POVERTY WHILE THE WHOLE STRUGGLES PAYING ETERNAL RISING DEBT, "LIFE-ENSURANCE" TO (AND ONLY) GLOBAL ECONOMY MELTDOWN; ALL OF WHICH IN THE SAKE OF PRIVATE TRILLIONS IN "TAX PARADISES"; WHILE EMERGENCY, SAVETHECHILDREN AND THE LIKES STRUGGLE GOING THE OPPOSITE DIRECTION WITH MORE CASH FROM GENEROUS DONERS. I DONT REPREHEND THOSE ORGANIZATIONS(OR THEIR GOOD SIDE) AND DON'T INVITE YOU TO STOP IF YOU ARE GIVING, RATHER THE OPPOSITE, BUT WE MUST REALISE THAT IT DOESN'T MAKE ANY SENSE. WORLD HUNGER/POVERTY/IGNORANCE ARE SYSTEMATICALLY SUSTAINED BY A BUNCH OF EXECUTIVE FOLKS WHOSE INTENTIONS AREN'T YET CLEAR(...); IF ANYBODY'S GOT THE COURAGE TO SAY THERE'S NO CASH TO DO ANYTHING REMEMBER: INCREDIBLE AMOUNTS ARE "STORED" INTO CAYMAN ISLANDS, BAHAMAS, LIECHTENSTEIN, SEYCHELLES, LUXEMBURG, MONACO, PANAMA, BRITISH VIRGIN ISLANDS, BERMUDA, SAN MARINO, CYPRUS, ETCETERA, PROVENTS OF DEBT-WAR-OIL-OPIUM-ETCETERA INDUSTRY, CURRENT STATUS WITH NO FUTURE. ... AFRICAN AL QAEDA IS NO EXCEPTION. THE RECENT MILITARY ACTION WITHOUT ANY PERMISSION PROVES ONCE AGAIN HOW TURBOWAR ISN'T JUST CIA OR USA RESPONSABILITY BUT A WORLD-WIDE SYSTEM. ON THE OPPOSITE, HELL HAS BEEN ALLOWED IN SIRIA FOR YEARS WITHOUT ANY INTERVENCTION. WHAT WAS DONE WITH OSAMA BIN LADEN WOULD BE SUFFICIENT EVERYWHERE IF EVERY EFFORTH TO AVOID ANY KILLING WOULD BE ENSURED. THE RECENT ISRAELI MILITARY ACTION PROVES ONCE AGAIN HOW FAKE AND SYSTEMATICALLY MASTERMINDED THE WAR SYSTEM IS: NETANJAHU WAS BOMBING THE REBELS AND HELPING ASSAD, AHMADINEJAD'S FRIEND. ASK YOURSELVES WHY. THE INCRDIBLY VIOLENT DICTATORSHIP OF ASSAD IS ACTUALLY A LIFE-ENSURANCE TO THE VIOLENT DOMINATION OVER PAESTINE AND THE CONFLICT ITSELF, REPRESENTING THE MAJOR SPARK-GENERATOR/HATE-FACTORY FOR MAJOR WARS BETWEEN CATHOLIC/PROTESTANT/JEW/WESTERNS AND ISLAM, BEING ISRAEL ONE OF THE MAJOR HOLDER/INVESTOR INTO WAR/DEBT/OIL INDUSTRY OF ABOVE. NEEDLESS TO SAY MANY CAN SEE THE LOGICS OF TURBOWAR ALSO BETWEEN MOSSAD AND HAMAS. FOR THOSE WHO SAY OBAMA IS LIKE ALL OTHER US PRESIDENTS: THE SENATE REPORT ON HSBC, IRAN, AL QAEDA, NORTH KOREA ETC COULDN'T EXIST WITHOUT HIM. ... THE OIL AGE SHOULD HAVE ENDED DECADES AGO. ALTERNATIVE ENERGY RESOURCES HAVE BEEN SYSTEMATICALLY BOYCOTTED EVER SINCE BUT ARE READY TO BE DEVELOPED AT ANY TIME (FOR EXAMPLE, 2ND LINK FROM THE TOP, JUST A FEW LINES FROM WIKIPEDIA ABOUT THE SO CALLED "MAGNETIC MOTOR": "considered to be a perpetual motion device", EXISTING AT LEAST SINCE 1979..(..)..WITH AN INITIAL INVESTIMENT OF A FEW THOUASAND EUROS EACH HOUSE COULD HAVE CLEAN FREE ENERGY FOR DECADES COVERING ALL NEEDS, INCLUDING CHARGING THE ELECTRIC CAR. THE "LAW OF CONSERVATION OF ENERGY" MUST BE REWRITTEN AND REPRESENTS ONE OF THE BIG LIES OF "GLOBALIZATION" ). GLACIARS ARE MELTING. NEVERTHELESS THIS MEANS FLOADS EVERYWHERE THEN NO WATER AT ALL, WE DON'T HAVE TIME TO WAIT TO DROWN OR DRINK OUR OWN ORINA: ONE OF THE MAJOR LAVA "HOT SPOTS" STILL SLEEPS BENEATH THE MELTING ICELANDIC GLACIARS. THIS MEANS THAT NOT A VOLCANO BUT A WHOLE VOLCANIC SYSTEM COULD WAKE UP SOONER THAN ANY CAN PREDICT. IN 1783 A SIMILAR SUPER-ERUPTION OF THE SO CALLED "LAKI" CAUSED 6 MILLION DEATHS AND ONE OF THE WORST CRISIS ON THE WHOLE PLANET DUE TO CLIMATE CHANGE, VIOLENT COOLING DOWN, INDUCED BY THE HUGE CLOUD OF GAS ERUPTED. 6 MILLIONS OVER A WORLD POPULATION OF LESS THAN A BILLION BACK THEN. IF IT WOULD HAPPEN NOW WOULD MEAN A CATASTROPHY WE PROBABLY COULDN'T BE ABLE TO FACE. FORGET PROPORTIONS: NOWADAYS LOGISTIC/FINANCIAL "EQUILIBRIUM" HIDES A FRAGILITY THAT WILL SPARK UNPREDICTABLE CHAIN REACTIONS. -^- from The Zeitgeist Movement Domenica TWO VERY IMPORTANT PETITIONS! 1. Monsanto vs. Mother Earth — More than 1,868,234 have signed. SIGN @ www.avaaz.org/en/monsanto_vs_mother_earth_loc 2. Save the Internet from the US (STOP CISPA) — More than 821,905 have signed. As concerned global citizens, we urge you to immediately drop the Cyber Intelligence Sharing and Protection Act (CISPA). Our democracy and civil liberties are under threat from the excessive and unnecessary Internet surveillance powers it grants. The Internet is a crucial tool for people around the world to exchange ideas and work collectively to build the world we all want. We urge you to show true global leadership and do all you can to protect our Internet freedom. SIGN @ http://www.avaaz.org/en/stop_cispa

Jane Meyers
Jane Meyers

It seems really sad that they have come to this. Supposedly it's more symbolic and it's more about trying to help Hollande's sad ratings.

Manuel Carrillo
Manuel Carrillo

Tough? Oh come on, they are doing well but they complain the whole time. Tough it is in Somalia, where people die of starvation!

Vijay Banga
Vijay Banga

so the sale begins hope the situation is not all that bad

Janki S Gajera
Janki S Gajera

cool idea! but i think a country's budget will need more than a thousand wine bottles to get back on track... still, a step in the right direction!

bojimbo26
bojimbo26

But the proceeds won't go to the French people .