French President Francois Hollande has decided to "refresh the Elysée cellar" with more modest wine. 1,200 bottles were sold in a 2-days auction in Paris, including a 1990 Pétrus, two bottles of 1982 Chateau Latour and several rare Bordeaux grands crus, Champagne and Cognac. The auction raised 718,000 euros, part of which will be invested in modest French wines and the balance will be returned to the government’s budget, according to a statement from the auction house.

Earlier this month, the Elysée sommelier has confirmed that 50,000 euros have been put aside by the French government to restock the cellar. It would consist in 30% grands crus, 30% “good wines” and 40% of wines from “producers who deserve to be better known”