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Premiere Napa Valley raises $4.1 million; Silver Oak Cab sells for $110,000
Feb 26, 2018
(NVR) - The top bid Saturday afternoon at the 2018 Premiere Napa Valley auction was $110,000 for a 20-case lot – or more than $458 a bottle – for a 2016 Silver Oak Cabernet Sauvignon.
The event raised more than $4.1 million, according to the Napa Valley Vintners.
The top 10 lots ranged from $55,000 to $110,000 and raised an estimated $690,000. The total amount raised for the 187 auction lots and the additional 31 online wine lots was not available as of early Saturday evening.
Auctioneer Ursula Hermacinski sold the top-selling Silver Oak Cabernet, starting the bidding at $44,000. Bidders packed the auction site, the third floor at the Culinary Institute of America at Greystone, and quickly bid $55,000, $65,000 and then $75,000. As the bidding went higher, Hermacinski called for more cowbells and the crowd began cheering. The auction bid reached $90,000 and stalled before crossing the $100,000 level. Cristina Pearce of Total Wine & More from Bethesda, Maryland won the wine lot for $110,000.
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