Here Julie and I are in front of Monte Carlo Casino, and in the Wine Cellars. Our first night in Monte Carlo was a great one. With About 20 of the other hosts, we were given a tour of the Hotel de Paris " Wine Cellars". This was built in 1860 and is the largest wine cellar in the world. Over 600,000 bottles. Some bottles dated before 1850. This tour was followed by a great dinner catered in the cellar. The city was making thier annual preparations for the Grands Prix de Monaco, which started in 1929. This is Europe's most famous formula 1 auto race, that most of us have watched on TV. It is so popular that the room rates where we stayed go to $6000 per day with a 5 day minimum booking. These reservations are booked for the next 2 years. This small country has no income tax and most large yachts have Cayman Island registry, which means no tax & license. Property values are 20 times higher than we are used to.
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