Bailout Wine Hopes For Economic Recovery

By FRANK CARNEVALE  2009-2-8 22:41:39

NEW YORK  -- 
One California winery is offering you a chance to buy a fine wine and bet on the stock market at the same time.

Crushpad is offering Bailout Wine and is linking it to that day's market closing; possibly sending you a refund later in the summer.

Crushpad, a wine company facility that specializes in custom barrels of wine, will only bottle 500 cases of Bailout, a Napa Valley Cabernet Sauvignon, which will sell for $39 per bottle.

How it work:
• The bottles are available for purchase on the website for $39 per bottle.
• The company records the closing price of the Dow Jones Industrial Average of the day of your purchase.
• For every 100 points the Dow drops from the day you make your purchase, you get $2 off each bottle. If the Dow goes up your purchase price remains.

The wine will be bottled on Aug. 14 and the company will use the Dow closing as the final price.

If the market goes down since you made your purchase the company send you a "economic stimulus check."
 


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