One of the oldest charity wine auctions in the world (1851), Hospices de Beaune benefits the charity hospital Hô╠étel Dieu, and is held during the famous post-harvest celebration of les trois glorieuses ("the three glorious days"), held each year during the third weekend of November. More important, the auction acts as the bellwether for the annual quality assessment of Burgundy, and plays a significant role in setting the price at which each annual harvest is sold.