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03.02.2005

The Best of Napa Wine: A Report From Premiere Napa Valley Auction

"And people wonder why Napa wine is so overpriced," says the guy next to me. He's half joking, but both of us have just seen five cases of Rombauer Cabernet Sauvignon sell for the mind numbing sum of $50,000. When the stuff is selling at ten grand a case, it's hard not to wonder how in the world Napa seems to justify such excess. Yet thoughts like that seem to be few and far between in this rapt crowd of hundreds on a Saturday afternoon, and it's easy to understand why. Napa is one of the world's most famous wine regions, and today some of its most famous producers are offering to sell small lots of specially crafted wines to the highest bidder. This is Premiere Napa Valley 2005, the most exclusive and anticipated wine auction in the United States, and by the time the auction is over, retailers, restaurants, and distributors will have laid out $1.46 million dollars to get their hands on 165 one-of-a-kind wines.

barreltasting2.jpg Once upon a time there was the Napa Wine Auction. Put on by the Napa Valley Vintner's Association every year since 1981, this event originally was a low key, mostly local thing, where wealthy residents and members of the trade would get together and spend a lot of money for charity by purchasing lots of wine from various Napa wineries. A victim of its own success, this auction, still held every June, has become THE event in California Wine Country and the worlds largest wine auction with celebrity spotting, drunken revelry, and big cash laid out for wine. Last year it made a whopping $5.3 million dollars for local charities. Because of the massive scene it generated, members of the trade clamored for a lower key auction where they wouldn't have to compete with Anonymous bidders from Hong Kong willing to drop $200,000 on a few bottles of wine. In 1997, they got their wish and Premiere Napa Valley was born.

Here's the way it works. Attendance at the event, held at the Culinary Institute of America's Greystone Castle in St. Helena, California, is by invitation only to people who have liquor licenses (e.g. distributors and retailers) and select members of the media. lunch.jpg Member wineries of the Napa Valley Vintner's Association donate special lots (5 cases, 10 cases, or 20 cases) of wine that are totally unique, and put them up for auction. In the morning, prospective bidders and all attendees get the opportunity to barrel taste each lot (many of which will not be bottled for another 6 to 12 months). Donation is completely optional, but for some wineries it's an important thing to do.

"This is only our second vintage," said Kathy Bourassa of Bourassa Vineyards, "Premiere will hopefully get us some recognition and it might help us pick up another distributor, which we could use."

"You have to understand that the wine business is about personal relationships," said Joe Cafaro of Cafaro Cellars. "I'm here to see people on a one on one basis. The Napa Valley Auction [in June] is a big party now. Here I can visit with buyers, and shake their hands. And the extra visibility is a plus, too."

Several wineries were hoping to use the event for exposure. Susan and Duane Hoff of Fantesca Vineyards shared that "we're really here to get the brand started. We have a good story to tell."


crowd.jpg Unlike many large tasting events I have been to, nearly every winery was represented by the owners or the winemakers, who were all excited to talk about the wine, their work and the event. I actually tasted through nearly all of the wine lots (I missed about 10 or 12) and I share my scored below.

The barrel tasting is followed by a gourmet lunch made in the CIA's test kitchens (over 100 wines are available to drink at lunch), and then once everyone is sated and sauced, the auction begins.

The auction works much like you would expect if you've ever been to a live auction people are seated and standing, and prospective bidders have paddles with numbers on them which they raise to make a bid, while spotters rented from Bonhams & Butterfields make sure the auctioneer catches every bid. The bidding can be fast and furious at times, though unlike several serious wine auctions I've been to, this one seems injected with a casual humor that resulted in bursts of laughter many times, as eager bidders short circuited the bidding process by yelling out "ten thousand!" or when one of the auctioneers lost her concentration and yelled out the wrong price.

bidding.1.jpg The prices paid for these various lots of wine, which included things like 5 cases of Cabernet picked from the sunniest part of Shafer's Sunspot Vineyard, 10 cases of a Malbec made by Conn Creek Winery, or and entire barrel of a custom Bordeaux-style blend from Raymond Vineyard and cellars, can't be described as anything short of astronomical. Even the cheapest lots don't go for less than about $60 per bottle, and remember, that's the equivalent of the wholesale cost, as the bidders must then turn around and sell these wines to their customers.

"I never have a problem selling any of these wine. Are you kidding?" said Gary Fisch, of Gary's Wines and Marketplace in New Jersey, this year's (and last year's) top bidder. "These are some the best wines in the world, at any price," said Fisch, who has customers so faithful and confident that they are willing to give him a flat sum of money, say $10,000, to bid with and they will take whatever he gives them in return, whether it's 3 special bottles, or a mixed case of the things he buys. "This is the eighth year I've been doing this and by now I have a lot of customers who see these wines as special. The wines that I don't sell immediately, I hang onto and sometimes bring to charity events, or I can incorporate them into special wine dinners that I cater for people."

Brendan Scholl, the wine buyer for Brix Restaurant in Oakville agrees: "I never have problems selling these wines. Some I reserve for our wine list, but we also have a retail store so some get sold there."

Mark Pope, CEO of The Bounty Hunter, a wine store and search service in St. Helena, purchased 5 cases of Cabernet from Bond winery at an prices.jpg uncontested bid of $30,000, and seemed perfectly content. "It's the best wine I tasted today, and In the past I have been able to sell more 240 cases put together from stuff I got here at Premiere."

It's enough to make your checkbook hurt and to make that $30 bottle of Claret you've been saving for a special occasion seem like discount dishwater.

So are the wines really that good? Well, not enough for ME to justify the kind of money that these lots were fetching, but I have to say there were a bunch of really excellent wines amidst the 165 sold at the auction. I won't bore you with my tasting notes from the entire list (which is over twice this long) and my fingers would fall off trying to enter all that information anyway, so here are the highlights.

The Best Lots From Premiere Napa Valley 2005

Lot 026 - 2003 BOND Barrel Fermented "Red Wine" (Cabernet). Score: 9.5/10
Lot 047 - 2003 Pride Mountain Vineyards "Summit Ranch" Cabernet. Score: 9.5/10

Lot 070 - 2003 Nickel & Nickel "Sullenger Vineyard - Central Block" Cabernet. Score: 9.5
Lot 084 - 2003 Beaulieu Vineyard "Clone 6" Cabernet, Rutherford. Score: 9.5
Lot 149 - 2003 Barnett Vineyards "Rattlesnake Hill" Cabernet, Spring Mountain. Score: 9.5
Lot 097 - 2003 Robert Keenan "Clone 15" Cabernet, Spring Mountain. Score: 9.5
Lot 006 - 2003 Bennet Lane "Atchley Vineyard" Cabernet, Spring Mountain. Score: 9.5
Lot 018 - 2003 Staglin Family Vineyard Cabernet, Rutherford. Score: 9.5
Lot 157 - 2003 Far Niente "Martin Stelling Vineyard" Cabernet, Oakville. Score: 9.5
Lot 019 - 2003 Ladera Vineyards "Two Mountains" Cabernet. Score: 9.5
Lot 140 - 2003 Pine Ridge Cabernet, Howell Mountain. Score: 9.5
Lot 062 - 2003 Carter Cellars "Truchard Vineyard" Petite Verdot, Carneros. Score: 9.5
Lot 002 - 2003 Baldacci Family Vineyard "Crushed Velvet" Cabernet, Stag's Leap. Score: 9.5
Lot 165 - 2002 Farella Park Vineyards "Terrace Reserve" Cabernet. Score: 9.5
Lot 015 - 2003 Lewis Cellars "Premiere Cuvee" Cabernet. Score: 9.5

Lot 088 - 2003 Flora Springs Wine Company "Terra 4" Cabernet. Score: 9/9.5
Lot 090 - 2004 Frias Family Vineyard Cabernet/Merlot Blend, Spring Mountain. Score: 9/9.5
Lot 021 - 2003 Terra Valentine "The H-Bomb" Cabernet, Spring Mountain. Score: 9/9.5
Lot 003 - 2004 Viader Estate Cabernet Franc, Howell Mountain. Score: 9/9.5
Lot 130 - 2003 Burgess Cellars Cabernet. Score: 9/9.5
Lot 030 - 2003 Paradigm Winery Cabernet Franc, Oakville. Score: 9/9.5
Lot 025 - 2004 Vinoce "Block 5, PymRae Vineyards" Merlot, Mount Veeder. Score: 9/9.5
Lot 011 - 2003 Seps Estate at Storybook Mountain Cabernet. Score: 9/9.5
Lot 077 - 2003 Juslyn Vineyards "Vineyard Select" Cabernet. Score: 9/9.5
Lot 061 - 2002 Conn Creek Winery "Act One in The Anthology Series" Malbec, Yountville. Score: 9/9.5
Lot 058 - 2003 Darioush "Darius II" Cabernet. Score: 9/9.5
Lot 142 - 2003 Longfellow Wine Cellars "Vintners Proprietary" Cabernet. Score: 9/9.5
Lot 033 - 2003 Cafaro Cellars Cabernet. Score: 9/9.5
Lot 057 - 2003 Chimney Rock "Tete du Cuvee" Cabernet. Score: 9/9.5
Lot 043 - 2003 Cliff Lede "Cinnamon Devil" Cabernet. Score: 9/9.5
Lot 115 - 2004 Veraison "Stagecoach Vineyards" Petite Verdot. Score: 9/9.5
Lot 073 - 2003 Seavey Vineyard "Old Vine Hill" Cabernet/Petite Verdot. Score: 9/9.5

Lot 163 - 2003 Clark Claudon Vineyards Cabernet. Score: 9
Lot 045 - 2003 D.R. Stephens Estate "Moose Valley Vineyards" Cabernet. Score: 9
Lot 138 - 2003 Kathryn Hall Vineyards, "Sacrashe Vineyard" Cabernet, Rutherford. Score: 9
Lot 082 - 2003 Ct. Clement Vineyards Cabernet, Rutherford. Score: 9
Lot 158 - 2003 Lang and Reed Wine Company "Petite Franc" Red Blend. Score: 9
Lot 134 - 2003 Groth Vineyards Cabernet, Oakville. Score: 9
Lot 083 - 2003 Sequoia Grove "Steve's Select" Cabernet, Rutherford. Score: 9
Lot 028 - 2002 Broman Cellars "Dr. Crane Vineyard" Cabernet, St. Helena. Score: 9
Lot 132 - 2003 Raymond Vineyard & Cellar "Roy & Walter's" Bordeaux Blend, Rutherford. Score: 9
Lot 029 - 2003 Ehlers Estate "McClain Station" Meritage, St. Helena. Score: 9
Lot 108 - 2003 ZD Wines "Towne Vineyard" Cabernet, Calistoga. Score: 9
Lot 154 - 2003 Robert Pecota Estate Petite Verdot. Score: 9
Lot 112 - 2003 Twomey Cellars Merlot. Score: 9
Lot 150 - 2003 Long Meadow Ranch Cabernet. Score: 9
Lot 060 - NV (Solera Style) Schweiger Vineyards "Kristina 3.0" Cabernet. Score: 9
Lot 096 - 2003 Fife Vineyards "Max II" Red Blend (Syrah, Petite Sirah, Cab), Spring Mountain. Score: 9
Lot 081 - 2004 Reverie on Diamond Mountain Petite Verdot, Diamond Mountain. Score: 9
Lot 107 - 2003 von Strasser "Sori Bricco Vineyard" Cabernet, Diamond Mountain. Score: 9
Lot 078 - 2003 J. Davies Vineyards "Jack's Block" Cabernet. Score: 9
Lot 099 - 2003 Laid Family Estate Cabernet (8% Merlot), Diamond Mountain . Score: 9
Lot 104 - 2003 Corison "Premiere Reserve" Cabernet. Score: 9
Lot 152 - 2002 Spelletich Cellars "Ghisletta Vineyard" Cabernet. Score: 9
Lot 034 - 2004 Ceja Vineyards Red Blend (Pinot, Merlot, Syrah), Carneros. Score: 9
Lot 093 - 2003 Kuleto Estate Winery Cabernet. Score: 9
Lot 072 - 2003 Cloud View Vineyards "Bertha Belle's Bays" Cabernet. Score: 9
Lot 094 - 2003 Atalon Winery Cabernet. Score: 9
Lot 162 - 2003 Shafer Vineyards "Sunspot Vineyard" Cabernet, Stag's Leap. Score: 9
Lot 079 - 2003 Stag's Leap Winery "Blast From The Past" Red Field Blend, Stag's Leap. Score: 9
Lot 137 - 2003 Stag's Leap Wine Cellars "30th Paris Tasting Anniversary" Cabernet, Stag's Leap. Score: 9
Lot 037 - 2003 Clos Du Val "Motif" Cabernet, Stag's Leap. Score: 9
Lot 046 - 2002 Astrale e Terra "Castle Peak Ranch" Cabernet, Atlas Peak. Score: 9
Lot 066 - 2003 Dyer Vineyard "Meteor Vineyard" Cabernet. Score: 9
Lot 055 - 2003 Hartwell vineyards "Double Exposure" Cabernet (20% Merlot). Score: 9
Lot 127 - 2003 Silverado Vineyards "Red Quartet" Bordeaux Blend. Score: 9
Lot 141 - 2003 Chappellet Winery "Heaven on the Hill" Cabernet. Score: 9

Overall, a really impressive group of wines. Looking back at my list, 65 out of 165 wines I scored a 9 or above. Clearly these wineries all brought out some of their best stuff.

If you are interested in more details about these wines including where you might get your hands on some of them, please >check the Premiere Web site which provides the contact information for each winning bidder. While some, like Gary Fisch will have only a few wines that could be purchased by "walk-in" customers, there are others who I'm sure would be willing to sell you a bottle or three.

Comments (8)

tom wrote:
03.02.05 at 7:49 PM

Alder,

Stellar report. I was upset I couldn't go. Had a last minute emergency that kept me away. I would have been at the Astrale table.

How did Ursula do behinid the podium? Was she vintage Ursula?

Cheers,
Tom...

Noah wrote:
03.03.05 at 8:37 AM

Excellent report Alder! What was your overall impression of 2003 California Cabs compared to 2002 or 2001? I very much like the 2001s and the few 02s I have tasted.

Alder wrote:
03.03.05 at 8:42 AM

Thanks Noah.

Well, these are very special barrel samples that have more than the usual attention to them, and the best possible grape lots used for them, so it's debatable whether they can be used to gauge the overall quality of '03 Cabernet as a whole, but in general my impression is VERY good. If I had attended the event for the past 3 years perhaps I would be able to provide more "trend" analysis.

Alder wrote:
03.03.05 at 8:45 AM

Thanks Tom. You missed a good one, and we keep missing the opportunity to meet.

Ursula was in rare form :-)

Lenn wrote:
03.03.05 at 11:28 AM

You never cease to impress with the quality and depth of your reports from these events. If you had to pick ONE wine that was your favorite...what would it be?

Alder wrote:
03.03.05 at 11:32 AM

Without a doubt, the BOND. Made by the guys at Harlan, it was awesome. Not perfect, but close, and it might just end up being a perfect 10 when it gets bottled.

Greg P. wrote:
03.04.05 at 3:52 PM

Alder,

The Pride sample was actually the real deal, their '03 "blend" as it will appear to the public (regular Cab). 98% Cab, 2% Merlot. I was up at Pride the morning of the auction and Romel was just done with the blend and hand bottling of it, gave a good size pour to sample and yes, it is a great wine.

Greg

Gilberto wrote:
03.07.05 at 1:01 PM

Estimados Señores,
This year I missed the event - have been attending since the 2000 auction. Always look forward to the weekend.
Congratulations on the report.

Saludos cordiales,

Gilberto

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