News Release

For Immediate Release: November 29, 2001
Contact: Brooke Hilton, WineBid.com, bhilton@winebid.com, or (206) 320-1217 x263

WINEBID.COM® PURCHASES BARREL AT THE 2001 HOSPICES DE BEAUNE FOR ONLINE AUCTION

Napa California: WineBid.com®, the world's premier Internet auction of fine and rare wines, attended the 2001 Hospices de Beaune Wine Auction and purchased a barrel of Corton Docteur Peste Grand Cru Burgundy in partnership with Maison Louis Jadot, the internationally admired Beaune négociant. The Hospices de Beaune auction, now in its 141st year, is the oldest charitable wine auction in the world. It was WineBid.com's first participation in the auction, which benefits a 558-year-old Beaune charity hospital.

"At WineBid.com our goal is to offer rare and hard-to-find wines to our customers," said Jerry Zech, WineBid.com's Chief Executive Officer. "The wine sold at Hospices de Beaune represents traditional French wine making and Hospices de Beaune is the world's most historic wine auction. By participating WineBid.com is offering our customers access to fine Old World wines through 21st century online auctions."

The barrel will be aged and bottled by Louis Jadot and will result in nearly 300 750ml bottles of Grand Cru Burgundy, all of which will be sold through WineBid.com's unique online auction. Starting in January 2002 WineBid.com will sell futures of the Burgundy, which is expected to be ready to ship by end 2003. Small quantities of the futures will be released for auction periodically during the next 18 months.

The auction's roots were planted in 1443, when Nicolas Rolin, Chancellor to Duke Philip the Good of Burgundy, founded the Hôtel Dieu to help relieve hardship caused by the 100 Years War. In the 19th century the hospital merged with Hospice de la Charité, another hospital for the poor, and took the name Hospices de Beaune. Hospices de Beaune owns 61 hectares of Premier Cru and Grand Cru vineyards, making it one of the largest vineyard owners in Burgundy. The vineyards are split into 38 different cuvées, which are sold each year at the auction under the name of the benefactor who originally gave the land. The month-old cuvées are sold to négociants, who turn them into mature wines.

Founded in 1996, WineBid.com is the world's largest online auction for rare and fine wines with more than 20,000 registered users. WineBid.com maintains worldwide inspection facilities where each bottle of wine consigned is appraised and inspected.

For more information about bidding or consigning, visit our website at www.winebid.com or call (888) 638-8968.