Inside a $2 Million Wine and Spirits Auction at Christie’s

Christie's is holding a wine and spirits auction on Friday that could bring in $2 million, featuring five-figure bottles of wine and 30-year old bottles of whiskey. 'These are special occasion wines - not your Friday night with pizza wines,' said Per Holmberg, head of wine at Christie's, adding that these wines are for collectors. He said scarcity and demand is what drives up wine prices into the five-figure levels. TheStreet also asked Holmberg to appraise a bottle of Brown Forman's (BF.B) Jack Daniel's Whiskey. Scott Gamm reports from Christie's in New York.