1,200 bottles from the wine cellar of the Élysée Palace are being auctioned off . The money will pay for new , `` more modest '' bottles to be bought , says the auction house . A bottle of Château Lafite Rothschild is expected to fetch between €50,000 and €100,000 ($70,000 - $90,000) at a Paris auction. The presidential wine cellar , set up in 1947 , showcases some of France 's finest vintages .
1,200 bottles from the wine cellar of the Élysée Palace are being auctioned off . The money will pay for new , `` more modest '' bottles to be bought , says the auction house . Any extra funds will be poured into the state budget , it says . The presidential wine cellar , set up in 1947 , showcases some of France 's finest vintages .