How to build one (and avert disaster - hopefully)...
Layers of carefully arranged champagne glasses rise in a crystal clear pyramid. This provides a solitary top glass where you will pour the champagne. Watch as it runs over and fills the glasses beneath. While it’s not difficult to build a champagne fountain, a few tricks will make your fountain a success... (eHow)
Video demonstration - above (though they cheat and use plastic glasses)
Hmmm after seeing the video above it's seriously starting to look like a complicated and elaborate idea... not entirely practical, and considerably time-consuming.
So perhaps not...?