The increased popularity of wine has led to an increase in fine wine prices around the world. In 2013, Christie’s Auction House received a winning bid of $476,280 for a case of Romanée-Conti Grand Cru — Vintage 1978, Côte de Nuits – a world record for a case of 12 bottles of wine. Of course, you don’t have to make a winning bid to Christie’s Auction House to build a valuable wine collection. Many clients have established valuable wine collections in their homes or in storage facilities without ever participating in an auction. A client may want the collection to stay in his or her family for future generations to enjoy. A purpose trust for the wine collection may be just the tool to achieve the client’s goals. A purpose trust is created to carry out a specific objective of the person who creates the trust rather than creating a trust for the benefit of individual beneficiaries. A purpose trust can be an effective planning tool for a wine collection that is meant to be held long-term by providing some of the following benefits: