Caray Wine Estate launched Wine Celler Bank

Caray Wine Estate launched Wine Celler Bank in Qingdao of Shandong province. A barrel of dry red wine priced RMB 100,000 (cellered in 2005, 225L per barrel) aroused great interest of the investors. 

According to the Caray Wine Estate, the consumers has the right to decide whether to keep or sell. When they want to sell out, Caray will buy back the wines at a price at least 10% higher than they buy them.