LOS ANGELES — The U.S. government offered a $25 million bounty for Osama bin Laden, but then-CIA chief Leon Panetta had a lesser-known enticement: a sip or two of Chateau Lafite Rothschild 1870, one of the world's most celebrated wines.

Panetta last year attended an annual New Year's Eve gathering hosted by Monterey, Calif., restaurateur Ted Balestreri, who was chided by some of his 28 guests about the $10,000 bottle of wine in his wine cellar. Asked when he would uncork it, he replied: "when Leon catches bin Laden."

Panetta "jumped up and said, 'You're on!' " Balestreri said this week.

The co-owner of the Sardine Factory restaurant said he never intended it as a serious challenge to Panetta, a 40-year friend who grew up in the Monterey area and represented it in Congress before going on to other top government jobs.

"It was like a joke," Balestreri said. "I used to tease him: Leon, you can't find your golf ball — how are you going to find bin Laden?"

Panetta called his wife, Sylvia, from Washington, D.C., five months later.

Sylvia Panetta, director of the Panetta Institute for Public Policy at California State University, Monterey Bay, recalled the moment vividly: "He said, 'Turn on CNN in 15 minutes. The president will have an announcement — and, by the way, tell Ted to get ready to open that bottle.' "

The bottle, which Balestreri said he's owned for about 30 years, is still in the Sardine Factory's antique-laden wine cellar where New Year's Eve guests raise toasts around a banquet table crafted from a slab of fallen, 1,000-year-old Big Sur redwood.

He said he would be honored to uncork the bottle this New Year's Eve, pouring each guest, including Panetta, a glass of the rare wine.

Sylvia Panetta wasn't sure New Year's Eve will work. "It'll depend on Leon's availability," she said. "He's been a little busy lately."

Panetta was sworn in as defense secretary on July 1, two months after the raid on bin Laden's compound in Pakistan.