USA: 20th Napa Valley Wine Auction
The Auction raised a record breaking $9.5 million with proceeds going to benefit 27 healthcare, youth and housing non-profit organizations. Of that amount, the live auction took in $7,848,800, and the barrel auction generated $1,287,900.
Wineries from the Oakville Appellation were prominent in the auction, raising a total of $2,586.225 from both the live and barrel auctions, representing 28% of the total proceeds of each. The average Oakville lot sold for $111,575 with the Oakville barrel auction lots averaging $39,414.
The Oakville Appellation attracted several big bidders. The high bid of the day for a single lot was $700,000 for 10 bottles of Oakville wine from Harlan Estate. B.A. (Red) Adams, an oil and gas magnate from Morgan City, La., was successful in capturing the 1.5 liter bottles that span 10 years of Harlan Estate vintages from 1987 to 1996.
Retired Silicon Valley executive Chase Bailey, of Incline Village, Nev., paid a recording breaking $500,000 for a single six-liter bottle of 1992 Screaming Eagle Cabernet Sauvignon from Oakville. His bid shattered numerous previous world records for the price paid for a single bottle, according to Christie's auctioneer Fritz Hatton.
Also, a lot offered by Dalla Valle Vineyards which included lunch for six and eight bottles of Dalla Valle Maya (1990-1997) brought $270,000 to the Auction coffers. Dalla Valle Oakville wines continued to dominate the bidding at the barrel auction which offered lots related to wines from the 1999 vintage. A half barrel of 1999 Dalla Valle Maya Cabernet Sauvignon, which included 10 cases obtained $198,000. Combined totals for Dalla Valle for both the live and barrel auctions total $468,000, also a record breaker.
The three lots offered by Robert Mondavi Winery obtained $210,000. A single lot from Vine Cliff Winery generated $200,000 and included a six liter bottle of 1998 Oakville Cabernet Sauvignon Private Stock. A Special Event lot from Far Niente Winery went for $170,000 and included four, six liter bottles of estate bottled Far Niente Cabernet Sauvignon (1990, 1991, 1994, 1997). Other Oakville wineries contributed to the winning streak included such renowns as Cosentino, Franciscan Estates, Groth Winery, Joseph Phelps, Oakville Ranch, PlumpJack, Turnbull Winery and Swanson Vineyards. Newcomers Miner Family Winery and Showket Vineyards showed impressive numbers adding to Oakville's success.
A special lot offered by all members of the Oakville Winegrowers organization fetched $150,000 and included 96 bottles of Oakville wine from its Vintner members for bidder David Doyle and his wife.
The Oakville Winegrowers is a group of Growers and Vintners dedicated to crafting the highest quality of wine from the Oakville Appellation of Napa Valley.
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