This wine cellar is worth millions

This wine cellar is worth millions

Published: Monday, 12 Aug 2013 | 1:13 PM ET

Private wine cellar worth millions

Monday, 12 Aug 2013 | 10:53 AM ET

CNBC’s Robert Frank reports on one collector’s private collection worth millions of dollars with one bottle worth $ 30,000.

One New York City area collector spent nearly $ 1 million building a wine cellar that was then stocked with about 6,750 bottles of wine.

The wine collection itself is worth about $ 3.5 million. The most expensive bottle is a 1959 Richebourg from DRC worth about $ 30,000 in today’s market.

One New York City area resident spent nearly $ 1 million just building a wine cellar that was then stocked with about 6,750 bottles of wine.

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