Monday 20 November 2017

Wine finances this hospital

The Centre Hospitalier de Beaune (Bourgogne) possesses significant high quality vineyards that each year it holds an auction of its new vintage. Not the faddy "vin primeur" of Beaujolais, but desirable grands crus. The amounts raised generally indicate the expected quality of the vintage, with 2017 looking to be a good year. The "pieces des presidents" are barrels of 200 litres, this year of Corton Grand Cru , Clos du Roi and they were sold for a total of 400000 euros (the 2016 vintage made 200000 euros, 2015 420000 euros). The total realised in 2016 was 8 million euros, allowing the hospital to undertake significant building works and buy equipment it needs. This year's total is expected to exceed 11 million.
The original charitable foundation for the Hospice de Beaune now funds the hospital, but the proceeds from the "pieces des presidents" auction is shared amongst other health and environmental charities.
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