The Decanter reports that Parisian pawn shops will be accepting wine in exchange for cash for the first time ever. (Funny that it took so long.)It all goes down courtesy of the Crédit Municipal de Paris, the "local authority" pawn shop, which typically deals in jewels and heirlooms. Wine will be stored in 80 percent humidity cellars under its building until owners redeem them. Wine that isn't eventually bought back by owners will be sold at auction.
The minimum value for pawnable wine is €60. If you're pawning, you can expect to cash in on about 50 percent of the value. (If you don't dig those rates, and can afford to wait for funds, there's always Wine Commune, where oenophiles hawk wares amongst their fellows.)
As of the 25th of March over 350 bottles -- totaling €60,000 -- have been pawned, including an '85 Domaine de la Romanée Conti worth €5,000.
Learn a bit about judging the value of old wines at the Wine Doctor. (Not terrifically optimistic.)
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