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Liquor buying spree: Collector spends $50,673 on old cognac

WinesKanye West

There are so many luxurious things $50,000 will buy – a Porsche Boxster! A dozen quilted Chanel purses! A glamorous European getaway!

But if you’re a certain brandy lover, the money goes to two bottles of aged cognac.

An anonymous collector last week dropped 19,000 pounds on a rare half-bottle of 1789 A.C. Meukow & Co. cognac, according to the Drinks Business trade publication.

The same buyer also splurged on an 1830 bottle of Remy Martin cognac, shelling out 12,900 pounds. The total comes out to 31,900 pounds, or $50,673.

The bottles were part of the Old Liquors Collection owned by Dutch collector Bay van der Bunt, whose more than 5,000 bottles of cognac, Armagnac, whiskey, port and more are valued at $9.5 million total.

“Collecting Cognacs and old liquors is very time consuming and costs a fortune, but it has proven to be the best financial investment I have ever made,” he told Drinks Business.

But then again, top-shelf alcohol has long commanded stunning prices.

Last month, Australian winemaker Penfolds released a wine – the 2004 Kalimna Block 42 Cabernet Sauvignon – priced at $168,000 a container. Only 11 “vessels” of the wine were made available for purchase.  

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