Napa Valley wine auction down on last year
Published June 5th, 2006
The 26th Auction Napa Valley made US$8.4m this weekend – down on the US$10.5m raised last year.
However, despite a drop in the money made from the auction, one record-breaking lot did make over $1m.
The lot consisted of wine journeys through France and Napa Valley and large format bottles of a new Staglin Family Vineyard meritage blend (2006 vintage). It was bought for $1.05m by Joy Craft, of Woodside, California, who was the top bidder at the 2005 auction.
The second-highest lot sold was the first complete vertical of Screaming Eagle magnums ever offered, from the 1992 to 2004 vintages, and went for $460,000.
