A nesting stemware drinking vessel generally provides a body and a base releasably interconnectable in at least two configurations, a first configuration forming conventional stemware vessel for containing and drinking liquids and a second configuration wherein portions of the base are enclosed within an interior volume defined by the body to minimize space required for storage of the base and body to eases transport and minimizes the risk of breakage when not in use. Plural locking protrusions on an upper surface of the base releasable frictionally engage with a circumferentially extending inner lip of an aperture of the body.