Premiere Napa Valley raises US$4.1m

The annual Premiere Napa Valley auction raised US$4.1 million last weekend with bidders not just buying wines but “investing in the future of the region,” said one winemaker.

Held over the weekend of 24-25 February, the auction saw 217 limited edition lots, largely from the 2016 vintage, go on sale from estates such as Silver Oak, Staglin Family Vineyards, Hourglass, Ovid, Duckhorn Vineyards and Alpha Omega.

The money raised will go to the Napa Valley Vintners in its mission to promote, protect and enhance the in industry in Napa Valley.

The sale comes less than six months after the terrible fires that ravaged northern California last year.

Linda Reiff, president and CEO of the NVV, commented: “This week was a testament to how much our trade partners value their connections to Napa Valley, our vintners and their wines.

“We are deeply grateful for their positive spirit and outpouring of support, from last fall through today.”

Jeff Smith, founder and CEO of Hourglass and steering committee chair for this year’s sale, added: “Today’s successful bidders didn’t just buy great wines, they invested in the future of the Napa Valley.”

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