Dot Com Excess Includes 1,446 Bottle of Wine
The bankruptcy trustee overseeing a failed technology company under investigation by the federal government plans to sell off CyberNET Group's collection of 1,446 bottles of fine wine.
The collection, valued at $108,000, won't go far to pay off the estimated $64 million in liabilities. Provenance is sketchy. The bottles were stored at the company's former headquarters in downtown Grand Rapids. Among the wines are a Harlan Estate Cabernet Sauvignon valued at $1,354, a Grace Family Cabernet at $895 and a Joseph Phelps Insignia Red worth $450.
The collection, valued at $108,000, won't go far to pay off the estimated $64 million in liabilities. Provenance is sketchy. The bottles were stored at the company's former headquarters in downtown Grand Rapids. Among the wines are a Harlan Estate Cabernet Sauvignon valued at $1,354, a Grace Family Cabernet at $895 and a Joseph Phelps Insignia Red worth $450.
posted by Michael Stajer at 9:08 AM
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