Last week, New York magazine published an article about an unnamed Lehman Bros. trader coping with the firm's sudden demise and his lost riches.
One thing caught my eye: On the day it became clear that Lehman was kaput, the trader pulled a 1997 Barbaresco Santo Stefano out from under his desk, and he and some colleagues proceeded to drink it from paper cups.
The producer went unnamed (Santo Stefano is a vineyard), but the story said the wine cost $700. I e-mailed the writer, Gabriel Sherman, who told me the bottle was a double magnum.
Piecing together these details, I'm reasonably certain that the Lehmanites were numbing themselves with the 1997 Bruno Giacosa Barbaresco Santo Stefano. Giacosa is a winemaking god, and reading about the shabby treatment accorded his wine — stored under a desk! drunk from paper cups! — prompted the first real schadenfreude I've felt since Wall Street went on life support.