Cult Wines partnered with Olivier Bernstein to supply the ‘ultra-rare’ jeroboam from the 2017 classic through its new CultX digital buying and selling platform.
An public sale hammer worth of £57,000 ($69,000) was just below the pre-sale excessive estimate of £60,000.
Cult Wines mentioned the jeroboam set a brand new benchmark worth for Romanée-St-Vivant grand cru and was offered for the equal of £14,250 per 75cl bottle – once more demonstrating the energy of the marketplace for high-end Burgundy wines.
‘Given the shortage of high Burgundy wines it comes as no shock that this jeroboam achieved such a staggering sum, placing it firmly within the firm of iconic producers like Domaine Leroy and Domaine de la Romanée-Conti,’ mentioned Tom Gearing, CEO and cofounder of Cult Wines.
‘Regardless of the worldwide macro-environment, we proceed to see excessive demand from buyers and collectors world wide to accumulate the rarest and most unique wonderful wines,’ he mentioned.
Cult Wines mentioned a 37-year-old entrepreneur from Malta submitted the successful bid for the Olivier Bernstein bottle with two minutes left within the public sale. The client didn’t want to be named, it mentioned.
A non-fungible token (NFT) was issued to the customer of the jeroboam, to assist assure provenance and authenticity of the wine, in addition to certify possession, mentioned Cult Wines.
Cult added that the customer and 5 friends of their alternative had been additionally entitled to affix Olivier Bernstein at his property in Beaune for a wine-paired dinner.
A restricted quantity of numbered, hand-signed bottles and magnums of Olivier Bernstein Romanée-St-Vivant 2017 had been set to be obtainable through CultX in late September, when the buying and selling platform is ready for public launch.
Wines supplied through CultX could have NFTs connected to them and Cult Wines mentioned the mobile-friendly, on-line platform is designed to assist collectors construct, monitor and handle wonderful wine portfolios.
The group informed Decanter that it was taking a look at the potential of doubtlessly providing one-off cuvées from different grand cru vineyards.
