There were smiles all around yesterday as Amici’s 5-case Premiere Napa Valley Auction lot went for $28,000 after heated bidding. The lot, 60 bottles of a limited production from a small block on Spring Mountain, was 100% Cabernet Sauvignon from 2012, one of the best vintages in Napa Valley history.
It was yet another Napa Valley auction for the record books. Hundreds of the wine industry’s biggest buyers gather each February for Premiere Napa Valley, a trade event which culminates with a Saturday afternoon auction of one-of-a-kind lots, and the wine is often destined for high-end retail wine shops or restaurants. Almost all of the barrels at the Saturday morning barrel tasting before the auction were from the stellar but yet-to-be-released 2012 vintage, and clearly the wine experts in the room were excited about the opportunity to get their hands on these wines. Bidding was heated for many lots and there were hoots and hollers from the crowd as paddles flew and bidders competed against each other, pushing certain lots sky-high.
At the end of the day, a whopping $5.9 million was raised (a sizable leap from the 2012 record of $3.1 million). It was an exciting day for all, and today everyone in Napa is feeling very thankful for the support of those generous bidders.