A 300-year-old bottle of wine fetched US$39,000 at a Christie’s auction, setting another world record. Listed as the “oldest Madeira” in the world, the final price was much higher than the original estimated price of US$12,000 to US$18,000.

The JCA & C Terrantez bottle was produced in 1715. Edwin Vos from Christie’s sampled the wine in 2013 and called it “remarkably youthful” and “surprisingly sweet”. The bottle of wine now belongs to Netherlands-based collector Bay van der Bunt.

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The roots of Madeira wine can be traced back to the era of the Dutch East-India Company. The island from which the wine takes its name was a common stop for many trading ships. The locals would supply these ships with wine, earning money from merchants and sailors. The intense heat and the constant movement of the vessels had a beneficial effect on the wine.

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