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Prized Burgundies and Bordeaux once served at the presidential palace in France were for sale for the first time ever as the wine cellar at Elysee Palace gets an overhaul.

Some 1,200 bottles, or 10 percent of the palace wines, went on sale this week at the famous Drouot auction house in downtown Paris. On the block were vintages from 1930 to 1990, including famous names such as Chateau Latour, Chateau Mouton Rothschild and Montrachet.

Before the sale, one of the auction's organizers, wine expert Juan Carlos Casas, showed me the highest valued wine on the block — a bottle of Bordeaux Petrus that will fetch anywhere from $3,000 to $4,000 at auction, and retails for about $7,000.

"This is one of the stalwarts of the international wine code," he says. "It's a wine that everybody wants in their cellar." But he says the Elysee no longer wants to serve expensive, grand cru — first growth wines — at state dinners.

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