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Pawning??!!!

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MikeH

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Pawning??!!!

by MikeH » Mon Mar 31, 2008 8:45 am

I came across the following brief article in AOL news:

For the first time ever, pawn shops in Paris that typically accept family heirlooms and jewelry have made the decision to accept wine. With a minimum value of €60 required, the Crédit Municipal de Paris will give owners fifty-percent of the value and store the wine until it can be bought back. The building happens to have 18th century cellars below ground, providing the perfect storage area for the pawned wine. For wine that isn't bought back it will eventually be sold at auction. So far the most expensive bottle pawned was a Domaine de la Romanee Conti for €5,000.

:shock:
Cheers!
Mike
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Jon Peterson

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Re: Pawning??!!!

by Jon Peterson » Mon Mar 31, 2008 4:05 pm

Well, I guess I'm not too surprised by this. Gold, diamonds and now wine. Sadly, for those uf us who merely enjoy the taste/history/etc of wine, seen as simply a commodity with ever, and faster, inreasing values, it makes some sense to pawn the good stuff if you need the cash. The 50% isn't too bad either. How nice that the shop has cellars beneath it.

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