Magnum 2.5 sparkling wine sold for $2,500,000 in cryptocurrency - owners have to burn NFT to drink champagne

By: Maksim Panasovskyi | 22.07.2022, 17:51
Magnum 2.5 sparkling wine sold for $2,500,000 in cryptocurrency - owners have to burn NFT to drink champagne

A bottle of sparkling wine Magnum 2.5 Champagne Avenue Foch sold for $2,500,000.

What is known

Brothers Giovanni and Pierre Buno paid 2,500 ETH for NFT on OpenSea. At the exchange rate at the time of the transaction, this amounted to $2 500 000. True, they'll have to burn the non-mutually exchangeable token to get the bottle. In the meantime NFT can be resold to anyone and as many times as they want. One of the brothers stressed that he sees buying Magnum 2.5 as an investment.

Magnum 2.5 has become the most expensive champagne in history. It also stands out for its design. The label is made of pewter and decorated with stones Swarovski, and the bottle features images of tokens from the collections Sneaky Vampire Syndicate and Bored Ape Yacht Club.

Note that the previous record value belonged to the sparkling wine Taste of Diamonds. In 2013, it paid $1 300 ,000.

Source: Fortune