View all newsletters
Have the short, sharp Spear's newsletter delivered to your inbox each week
  1. Wealth
August 27, 2009

Bloomberg: Billionaire to auction more of wine cellar

By Spear's

Aug. 27 (Bloomberg) — Albert Frere, a Belgian billionaire, is planning to sell more of his private wine cellar to boost a charity named for his son who died in a car crash 10 years ago.

Aug. 27 (Bloomberg) — Albert Frere, a Belgian billionaire, is planning to sell more of his private wine cellar to boost a charity named for his son who died in a car crash 10 years ago.

Frere, 83, is expecting to raise as much as 983,480 pounds ($1.6 million) with the sale of more than 3,000 bottles of Bordeaux and Champagne. The Sept. 23 London event will be the third held by Sotheby’s to benefit the Charles-Albert Frere Foundation, which supports children in difficulty and disadvantaged adults.

“Frere buys straight from the chateaux and stores his wines in the cellar of his home in Belgium,” James Reed, a director in Sotheby’s London-based wine department, said in an interview. “His contacts in the wine trade are second to none and his stocks of great wine don’t seem to have a bottom.”

Sales by the world’s wealthy have been helping charities and bringing rare items to auction. Art from the collection of the late designer Yves Saint Laurent and his partner Pierre Berge raised 342.5 million euros ($490 million) in February by Christie’s International to benefit HIV charities; a second sale, also in Paris, may fetch 4 million euros on Nov 17-19.

To read the full story, visit bloomberg.com

Content from our partners
Meet the females leading in the FTSE
A cut above: Charles Sanford on why HNW clients choose LGT Wealth Management
How the Thuso Group’s invaluable experience and expertise shaped the Spear’s Schools Index 2024

Select and enter your email address The short, sharp email newsletter from Spear’s
  • Business owner/co-owner
  • CEO
  • COO
  • CFO
  • CTO
  • Chairperson
  • Non-Exec Director
  • Other C-Suite
  • Managing Director
  • President/Partner
  • Senior Executive/SVP or Corporate VP or equivalent
  • Director or equivalent
  • Group or Senior Manager
  • Head of Department/Function
  • Manager
  • Non-manager
  • Retired
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

Thanks for subscribing.

Websites in our network