Joseph Phelps Vineyards Among Top Earning Lots During 2014 Premiere Napa Valley Auction
The Napa Valley Vintners' (NVV) 18th annual Premiere Napa Valley made history by bringing in a total of $5.9 million, nearly doubling the previous record of $3.1 million raised in 2012. The 225 lots crafted exclusively for the trade-only tasting and auction showcased the winemaking innovation and consistently coveted quality of Napa Valley wines. More than 90 percent of the lots were from the 2012 harvest, widely lauded as one of the most anticipated vintages in recent history.
Lot #214, a five case one-of-a-kind wine created by the Joseph Phelps winemaking team fetched $75,000, making it one of the top earning lots of the auction. The blend is a 2012 Cabernet Sauvignon from the winery's Backus Vineyard in Oakville and showcases old vine Cabernet Sauvignon from the original 1975 plantings at the property. It is affectionately being called “Last of the Old Vines” as the three acre section of the vineyard primary used in this blend is now being replanted.
Congratulations to the talented Joseph Phelps Vineyards winemaking team and thank you to Mark Pope and his team at The Bounty Hunter for their generous bidding during Premiere Napa Valley!