THE SELLING OF THE BOTTLE HAS BROKEN PREVIOUS RECORDS!
Two Italian brothers who invest in cryptocurrencies have broken previous records by purchasing the most expensive bottle of champagne. The extravagant $2.5 million bottles were made by Champagne Avenue Foch and are known as the “magnum of Chateau Avenue Foch.”
The brothers have also acquired the digital NFT rights to the artwork that adorns the one-of-a-kind magnum and bottle. Five NFTs, including a vampire from the Sneaky Vampire Syndicate and an ape from the Bored Ape Yacht Club, are included with the multi-million Swarovski crystal-encrusted bottle. In addition, a painter named Mig is said to have illustrated the artwork.
Despite possessing a cryptocurrency portfolio, brothers Giovanni and Piero Buono paid in dollars for the sparkling beverage and the NFT. But neither of the brothers wants to crack open the bottle.
“I don’t plan to drink it. I think it will be a good investment,” Giovanni said to the Washington Street Journal. He also explained the reason as being the current volatility in the market. “There is a lot of turmoil in the investment world, and things are changing quickly. Wealthy people will look for places to store their wealth for a while, and that could be a bottle of champagne with an NFT attached to it.”
Several prominent celebrities have previously spent a lot of money buying NFTs, with the Bored Ape collectible flying off the shelves at the height of NFT mania. The market, however, has been relatively merciless to NFT investors recently. The “floor price” of a Bored Ape Yacht has decreased from an all-time high of 153 Ethereum to 93 Ethereum.
A collector previously held the record for the most expensive bottle of wine of any sort, having paid an estimated $558,000 for a Domaine de la Romanée-Conti in 2018.