(Elledecor) - Collectors may not be willing to spend on magnificent jewels or fine art at auctions lately – but when it comes to wine, that's a totally different story.

Last Wednesday, a private collection of two 12 -case bottles of Henri Jayer's 1978 Richebourg Burgundy fetched a record-breaking £211,500 ($306,675) at Sotheby's London auction house. That's clock in at about $25,556.25 per bottle, according to Sotheby's.

Additionally, a lot of 12 bottles of Henri Jayer's 1976 Richebourg also set a record at the Sotheby's auction, selling for £108,100 ($156,745). In total, the sale brought in a total of £1.58 million, more than double the low estimate of the lot.

According to Wine-Searcher.com, Richebourg literally means "rich town," so you know this wine has to be good. In order to qualify as a Richebourg Grand Cru – an distinction which means the vineyard is of the highest quality in Burgundy – the wine must consist of at least 85% Pinot Noir grapes; Chardonnay, Pinot Gris, and Pinot Blanc grapes may compromise no more than 15% of the wine.

In 2014, Sotheby's sold a 114- bottle set of Romanée-Conti wine for $1.6 million, or $14,121 per bottle, significantly less than Wednesday's auction.