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Monday, November 20, 2006

College of the Holy Cross High on Wine

Development offices at universities nationwide might want to consider offering students wine appreciation courses after they hear that the College of the Holy Cross in Massachusetts is on the receiving end of a multi-million donation thanks to the sale of graduate's wine collection.

Park B. Smith, a 75-year-old home furnishings entrepreneur and restaurateur, raised about $4.3 million for the school after the buyer's premium was paid to auctioneers Sotheby's and Aulden Cellars. Previously he had donated approximately $20 million to the school.

The highlight of the sale was the $1.05 million price paid for 50 cases of 1982 Chateau Mouton Rothschild, recognized as one of the best Bordeaux wines ever produced.

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