The Wine Bailout

If the economy hasn’t driven you to drink already, this report by CNBC's Jane Wells just might do the trick. But in a good way!

If you have a taste for the fine wine, but can’t stomach the price tag, Jane’s uncovered a unique deal that might make your mouth water. A San Francisco winery is, in essence, offering its customers a fine wine bail out.

Here’s how it works.

For $39, you can purchase futures on a 2007 Napa Cabernet currently aging in French oak barrels. The day you buy your futures the wine seller pegs your purchase to the closing numbers on the Dow.

They plan to bottle the wine on August 14, 2009 and use the Dow’s closing level to determine your final price.

If the Dow is down between the day of purchase and the day of bottling, you get a $2 discount per bottle for every 100 point drop.

However if it’s up, your price stays $39.

Here’s an example, if you buy the wine when the Dow is 8,800 and then it closes at 7,300 when they bottle, you’d receive a refund of $30 a bottle. However if the Dow is at or above the level it was when you bought the wine, then you've already paid your $39/bottle – it will never go above that.

And in case you’re wondering the wine seller says comparable wines go for $75 and up.

Intrigued? See Jane Wells’ full report. Watch the video above.

Or visit the website bailoutwine.com

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