This past weekend was a busy one here in the Napa Valley–with the major event being Premiere Napa Valley 2009. The signature event for many local wine producers, Premiere is a trade event hosted this time each year by the Napa Valley Vintners trade group that seeks to not only raise money for the NVV but to make connections between wine retailers, restaurateurs and wine wholesalers from all over the world.
Not surprisingly, overall auction revenues were down more than 30% from 2008, coming in at $1.485 million. Napa Valley Vintners Board President, Paula Kornell of Oakville Ranch Vineyards, is quoted in the recap press release as saying, “We predicted a fraction of the income of last year, and the event’s revenues were indeed off by nearly a third from the record-breaking 2008 event, but the reality is that 2009 income is still in the top four overall.”
Here are the top five revenue lots from 2009:
- Lot 160 Scarecrow Wines $80,000
- Lot 148 Ovid Napa Valley $42,000
- Lot 40 Silver Oak Cellars $27,000
- Lot 22 Shafer Vineyards $24,000
- Lot 133 Joseph Phelps Vineyards $22,000
Given these results, it will be interesting to see what kind of money will be raised at this year’s Auction Napa Valley in early June.
The full Premiere press release can be found here.