A bottle of Veuve Clicquot salvaged from a 19th-century shipwreck in the Baltic Sea set a world record for Champagne on Friday when it sold for $43,630 at an auction in Aland, Finland.
It is one of two bottles from a cache of 145 recovered from a two-masted schooner. The Clicquot was sold to an Internet bidder from Singapore after a spirited round with an American bidder at the auction in Mariehamn, Aland's capital.
The other Champagne bottle made by Juglar, which went out of business in the early 19th century, fetched $35,000 at the auction.
"Today proved to be one of the most historic and exhilarating events in the world of wine," said John Kapon, CEO of the New York auction house Acker Merrall & Condit, which conducted the sale.
"To have America and Asia battling it out here in Europe, setting a new world record, is a testament to the globalization of the fine wine market, and this is only the beginning," he added in a statement.
Ella Grussner Cromwell-Morgan, a sommelier who lives on Aland and tasted the Juglar, said it was sweet with a crisp acidity. She described it as having "a flowery, young citrus aroma, sort of fruity apricots."
The previous record price for a bottle of Champagne was $42,000 for a 1959 Dom Perignon Rose sold in 2008, according to Kapon.
The unidentified ship where diver Christian Erikson and his team found the Champagne, as well as bottles of beer, is estimated to have been built between 1780 and 1830. It is believed to have been on its way to the court of Czar Nicholas of Russia.
Experts estimated from the corks and hand-blown bottles that the wines were produced between 1811 and 1831.
Aland, an autonomous region, is a duty free port, so the buyers will not have to pay any taxes, according to Bjorn Haggblom, head of communications for the government of Aland.
The cache belongs to the government of Aland, an archipelago in the Baltic, which plans to use the proceeds to fund maritime archaeological work and benefit the Baltic Sea environment.