Africa’s first Strauss & Co fine wine NFT auction with SA’s leading producers achieves R3.47 million in sales
Strauss & Co envisage a future where collectors can hold an entire portfolio of wines from across the world in their crypto walletsThe last hour of the Strauss & Co Icon South African Wine NFT on-line auction saw frenetic bidding as collections of five of South Africa’s finest wines were sold as non-fungible tokens for the first time. Prices exceeded estimates on several lots with Klein Constantia’s Vin de Constance vertical collection from 1986-2027 reaching R1,251,800 including commissions. Meerlust’s 50-year vertical of their famous Rubicon reached R1,081,100, while Vilafonté Series C 2003-2027 reached R569,000, Mullineux Olerasay 1-20 achieved R318,640 and Kanonkop Paul Sauer 2000-2025 reached R250,360. The unique digital contracts hold between 20 and 50 vintages, with collections from 66 to 288 bottles.