Dijon Sells Wine Stock as French Economic Slump Hits Budget
Dijon Sells Wine Stock as French Economic Slump Hits Budget
Jan 29, 2013 6
(Bloomberg) - A French town is raiding the wine cellar to try and plug the gap in its budget.
The eastern city of Dijon, the capital of the Cote-d’Or department and of the Burgundy region, held a sale on Jan. 27, auctioning 3,500 bottles of wine -- some of them billed as “rare and prestigious” -- to pay for emergency social services.
“The sale of the wine was exceptional in more ways than one,” the mayor’s office said in a statement on its website. “It’s a first for the city” and 80 percent of the receipts will be used for Dijon’s communal center for social action, or CCAS, with the rest used to replenish the wine stock, it said.
Comments