Harriet Stephens ?

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Sorry for my poor english translation.

More time to drink wine

Warren Stephens.
It appears that the wine world there are good things can come to have excessive amounts ... even if it's Petrus, one of the world's most acclaimed Bordeaux. "The truth is that I bought too," says the billionaire Warren Stephens when asked why he has auctioned nearly 5,000 bottles of wine from his collection, including at least five cases of different vintages of Petrus, for nearly four million dollars. Stephens is part of the growing number of wine collectors have begun to divest part of their warehouses before the price increase.

The director of Stephens Inc., a private investment bank based in Little Rock, Ark., began collecting wine in earnest in the 80's, focusing primarily on first-class Bordeaux (as Petrus) and some Burgundies.

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Stephens, currently 50 years old and is also the founder and owner of Alotian Golf Club in Roland (Arkansas), told Reuters that neither has become a teetotaler and has sold all her store: "I keep at least a box or bottle of wine [which auctioned], just add or same format, "he said, adding that it also has many other wines, but has built the core of his collection around Bordeaux. "I knew I was buying more wine than could drink, but I did not realize to what extent, so I had this idea."

Revenues from the sale will go to the Episcopal School Little Rock, attended by their children. Stephens also played a key role in building a new ballpark for his hometown team, the Arkansas Travelers, who is playing in lower divisions.

Of the top ten lots sold Stephens, Four European and Asian collectors bought and possibly influenced the weak dollar on such sales. And the Petrus? A box of 12 bottles of 1990 raised $ 47,800, same as a jeroboam of 1990. "I had not invested in came with the idea of making money with it. There are other much safer ways to do it," said Stephens, who also participates on the boards of directors of Dillard's and Alltell.

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Jamie Ritchie, head of Sotheby's wine in America, which organized the auction Stephens, said he has seen more private collectors, who had accumulated a lot of possessions, sell some of its findings. "More people with more wine, and the value of wine has increased," said Ritchie. "In the last two years, prices of the best vintages of fine wines have increased by two and three. If you've bought wine at these levels, there has been a significant revaluation."

Ritchie believes that collectors sell all kinds of reasons. "They all have wines that will not eat. Sometimes, their tastes have changed in the past, are wines that mature all at the same time, so I find they have too much to drink at a time." In addition, wine, like other collectors, "tend to start their collection and excited, and then buy more wine and reach a point where you have more than they can physically drink. It is a problem that anyone would like "

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Huntingdon Life Sciences (HLS), the drug testing company affected by the dispute, the U.S. has lost its support after a wave of violent protests by animal rights. The move, which comes after an unprecedented activism against their sponsor Stephens Inc. in the U.S., raises doubts about the future of the UK group.

Warren Stephens, president of the bank, saw its new home in New York vandalized by animal rights extremists last week and the staff of the company has been the victim of physical abuse. Stephens has said a secret shopper for the debt of HLS.