There are some organisations that achieve the
ultimate business model. And the Oracle Paradis Wine Fund, launched by Luxembourg-headquartered
Oracle Capital Group – a firm serving ultra high net worth families – seems to
have hit the jackpot with a fund that recently bought one of the world’s oldest wines.

The Oracle Paradis Wine Fund last week said it had acquired
the oldest surviving bottle of white wine from the most distinguished of the
Jura vineyards in France: a 1781 Château Chalon. At a tasting last week, people could drink wines such as a 1895, which is the oldest bottle
of Château Chalon opened for tasting in the UK in recent memory and the last
vintage from the pre-phylloxera era in the region.

The fund shelled out €38,000 ($50.787) for the 1781 bottle, acquiring it
directly from the private family cellar of Jean Bourdy, the oldest producer in
the region. Bourdy’s direct family line can be traced back to the 16th century;
the family cellars contain the oldest collection of vintage Château Chalon and
Côtes du Jura in existence.

The Oracle Paradis Wine Fund was launched earlier this year,
and recently announced it had already reached $5 million of funds under management.
The fund acquires rare items, such as bottles of Cognac Clos de Griffier 1789
from the cellars of the famous La Tour d'Argent restaurant in Paris.

Alas, your correspondent was unable to make the tasting due
to prior commitments. Such are the occasional disappointments of busy financial
journalism.