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Bottle of French wine from 1774 sold at auction for 103,700 euros

A bottle of Vin Jaune from the Arbois region of eastern France dating from the harvest of 1774, when the last French monarch King Louis XVI was still the country's ruler, has sold for a record 103,700 euros at an auction in the French Jura region, while two other bottles of the same vintage sold for 76,250 euros and 73,200 euros.

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A bottle of wine dating back to 1774 has sold at auction in eastern France for a record 103,700 euros ($120,800), reports BBC News.

The bottle of Vin Jaune (yellow wine) comes from the eastern Jura region and was made using grapes harvested during the reign of King Louis XVI.

At the same auction, another bottle of the same vintage fetched 76,250 euros, and a third was sold for 73,200 euros.

The three 87cl bottles of Vin Jaune were made by the winemaker Anatoile Vercel.

They were in the possession of his descendents in Arbois, the winemaking heart of the Jura region, and are believed to be among the oldest existing wines in the world.

The buyers were Canadians and someone who used to purchase wine for Americans with links to France, AFP news agency quoted auctioneer Brigitte Fenaux, of the Jura Enchères auction house, as saying.

Read more of this report from BBC News.