Romanée Conti leads to day long queues at the Swedish monopoly Systembolaget

The Swedish alcohol monopoly Systembolaget launched the Romanée Conti 2002 in November (28 bottles for sale) at a price of 13,495 kronor (1,425 euro). Swedish press reported that some people queued for a day before the wine was launched to be sure to get a bottle. According to some comments the wine is worth three times as much on the international market. In other words, the monopoly Systembolaget (controlled by a social democratic government) indirectly subsidises purchases of luxury wines by selling wine below market prices. So, that’s what we have a monopoly for?...