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Business of Charity Wine Auctions

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    Bruce Nichols, wine consultant of the 2012 Naples Winter Wine Festival, on hosting a wine auction featuring rare and collectible wines and how consume...

  • Duration 6:18
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Eighteen points right now okay since Wednesday.

So we have to talk line but would love to talk about today's -- a different angle with -- basically -- you used for Philanthropic reasons Bruce Nichols is with us right now.

He is -- a consultant to the 2012.

Naples winter wine festival.

Bruce after being with us today well thanks for -- retrace -- -- let's first explain to everyone what the Naples winter wine festival is.

Well they react it is -- -- children and education foundation and C -- -- just a person to tell us more.

By -- -- from external pupils and that the brokers was.

Maybe if you're a lot of the children in her accountant and -- founders created community -- the -- festival really as a way to leverage the polish people want.

And that the painting -- anything without congressional PM yeah.

And then currently -- currently enough credit children.

And today -- you -- Over well we're just seeing I'm seeing.

And good a number of people are huge wine collectors.

And so over the past problem here for apple is also involved -- -- -- really close relationships.

What do you from around the world -- these people are just been made him that they generously donate.

A lot of wind and assassinated -- private -- support -- out.

And today.

We're happy to work state that they Naples when -- -- comfortable really has the most successful.

-- fruit and wine event in the entire world.

Right and that's an amazing part to me so.

What started out as helping the local community has become as you said one of the nation's most successful wind -- so I guess.

My first question is how do you get how did you get all these different -- student.

Because they don't -- their -- to this right.

And fabricated -- -- they donate a lot of -- and again idea I don't wanna underestimate their understate how much climate that would make of this and then as well.

And then you have all these celebrity chefs -- donate their time as well so this -- -- I mean it's the -- up.

At this point you raise more than ninety -- about 95 million dollars for the Naples children in education foundation.

I know last year -- you act twelve million I'm presuming this year you expecting to beat that.

You gotta wrap here in 2009 you know right -- clearly with the economy came in at about five million dollars are you're obviously seeing people come back to the auction.

And put some money on the table.

We are in certainly CF economy had a -- backwater that you know when people talk about 2009 in Dana five million dollars that's still considerable amount of money.

-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- That's actually something to that people are very worried about these days you know we've seen -- we've heard a lot of issues we've top -- on the -- about -- Money -- median nobody knows where the heck it goes.

Yeah absolutely correct and that's you know I think the that is wrong Barack certainly -- stolen property names -- for.

We also have some of the -- most amazing.

-- geological offers.

-- So -- Let's talk about how that works a little bit if I'm not mistaken your honored I guess this year is prince Robert of Luxembourg.

I don't -- as -- -- probably one of the most -- names and wind today.

And had been through way is found people who are subject to -- here.

Robert he chairman and CEO.

I'll clash over on them -- million homo -- volatility.

Sanders four children who.

-- And they don't.

And how how did you at -- -- somebody like not to participate.

Well we have come and he.

An end.

And he has.

It has generously.

-- his pocket.

We look at -- all of the challenge could hit so abruptly.

At Princeton and children's over the air it was a real love hold for him home here.

Are you -- that in this day she needs in this economy that people are still willing to come on pay exorbitant sums -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Being on all these fantastic lines.

And I don't like -- -- -- we have we have a number.

Well me from a wind up like we got one emotion sort wind -- -- going to market.

The 35.

Political shackles poultry hot.

And expanding or hear the -- back here we're going of them included in the -- of one bottle.

Up 1921.

Advantage of poultry on stolen -- Ninety what is -- -- like that go for.

All it's.

It's priceless I mean you know really get -- -- online.

Let me get England -- -- want to.

In this collection and what actually it -- -- -- truly industry secret Muslims want to in this particular lot car in the 3000 to 20000 dollar per probable range.

Here's the event is being held at the Ritz Carlton Naples golf course people can go online and still buy tickets -- -- the event sold out.

I don't think we still hot ticket sales last -- certainly encourage you to go to our website WWW.

People wine festival -- com.

Check it out there's also a section I was on the site about the Naples children education foundation.

It's doing great work for these kids.

Bruce good -- -- -- event this year and again check out the website -- wine festival Bruce -- thank you we -- in the time have you with us there.

Good luck.

I -- -- break that twelve million dollar mark this year.

It's amazing -- people -- get out there spending but you know why it's good for the.