WINE
AUCTIONS
The Napa Valley
At
the 20th Annual Napa Valley Wine Auction, held in St. Helena on
June 4, 00, world records were shattered for money generated at
a wine auction, earning a staggering grand total of over 9.5 million
dollars.
Chase
Bailey, a retired Silicon Valley executive of Incline Village,
Nevada, captured the top bids for the day paying 1.7 million dollars
for more than five auction lots, including $500,000 for a six-liter
bottle of Screaming Eagle Cabernet Sauvignon. The winning bid
soared above the previous world record for a single bottle according
to Christie's auctioneer Fritz Hatton, who has twenty years experience
in wine bidding at the world-renowned auction house.
B.A.
Adams of Pattterson, Louisiana, a ten year veteran of Napa Wine
Auction bidding, dropped a staggering $700,000 for ten 1.5 liter
bottles of Harlan Estate vintages, spanning a ten-year period
from 1987-1996, it was the highest bid paid for a single auction
lot.
The
leading bid for the barrel auction was $33,000 for one case of
Dalle Valle Maya Cabernet Sauvignon. The top private donor bid
was for 107 bottles of assorted Napa Valley Wines selling for
$50,000. The highest bid for the Art Auction was $42,000 for Susan
Friedman's "Carneros" oil painting. The top bid for
a cellar builder auction was for 18 bottles of Stony Hill Vineyard
Chardonnay.
The
final-results for the live, big board barrel, private donor, art
and cellar builder auctions totaled $7,848,800, $1,287,900, $203,250,
$190,400, and $49,250 for a grandiose total of $9,579,600. Of
the total proceeds, 85% will go directly into many Napa County
non-profits, while also allowing the local wineries and vintners
to continue to build an endowment to sustain their own community
for years to come.
The Napa Valley Vinters Association is a professional non-profit
trade organization that sponsors the event, representing 177 Napa
Valley wineries in marketing and promotional activities worldwide.
Central Coast Wine Auction,
San Luis Obispo
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