2/28/11

Records Set at 15th Annual Napa Valley Vintners Auction!


Judging from results at the annual futures auction held this weekend in Napa Valley, the wine industry slump may be nearing an end..!

The Napa Valley Vintners yearly auction of individually crafted one-of-a-kind lots from 200 wineries known as Premiere Napa Valley finished at nearly 2.4 million in sales, besting 2008’s 2.2 million. Industry experts proclaim this a sign of growing optimism and confidence in Napa wines and the economy in general.

The first lot of the day from Stag’s Leap Wine Cellars went for $26,000 with other top performers coming from wineries such as Schrader Cellars, Ovid, Levy and McClellan and Shafer Vineyards.

The star of the day, and record setting lot was the 5-case offering from Scarecrow Wine, crafted by winemaker Celia Welch from vines planted in 1945. A Japanese wine company paid $125,000 for the offering… a cool $2083 per bottle…

That is some quality grape juice..!

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