Strauss & Co Icon South African Wine NFT Auction

Online-Only Auction, 11 - 25 April 2022

Session 1

Sold for

ZAR 1 251 800
Lot 2
  • NFT: Strauss & Co Vin de Constance 86 - 27
  • NFT: Strauss & Co Vin de Constance 86 - 27
  • NFT: Strauss & Co Vin de Constance 86 - 27
  • NFT: Strauss & Co Vin de Constance 86 - 27
  • NFT: Strauss & Co Vin de Constance 86 - 27


Lot Estimate
ZAR 550 000 - 750 000
Selling Price
Incl. Buyer's Premium & VAT
ZAR 1 251 800

About this Item

NFT: Strauss & Co Vin de Constance 86 - 27

This unique vertical collection NFT provides ownership of vintage wines and future releases, to the collector and investor.

The beautiful Klein Constantia estate originally formed part of "Constantia", a vast property established in 1685 by Simon van der Stel, the first governor of the Cape. The re-creation of the legendary Constantia wine made in the 18th and 19th centuries, sought after by Napoleon, the aristocracy of Europe, King George IV and King Louis Philippe and praised by Charles Dickens, Jane Austen and Baudelaire!

Strauss Vin de Constance 86-27 NFT offers the first 40 vintages of Klein Constantia’s world-famous sweet wine made from Muscat de Frontignan. Vin de Constance is firmly established and highly sought-after with current vintages trading on the Bordeaux market. The NFT includes 47 bottles from 1986 through to 2012 in varying quantities depending on their rarity. Three magnums of each vintage from 2013-2027 add stature to this incredible collection of Vin de Constance. Due to adverse weather conditions in some vintages and the producer’s commitment to uphold the highest standards of quality, the following vintages were not produced and are therefore are not part of the collection: 2003, 2010.

Click here to view the NFT list for this lot.

Click here to see the full line-up on our NFT Website

  • The wines will continue to be cellared at the Klein Constantia’s vintage cellar until maturity (estimated 2031) or withdrawal.
  • Each bottle within the NFT is also minted as an NFT on the polygon blockchain. This allows for the withdrawal or trading of single bottles, or the entire NFT at any time. Strauss & Co will coordinate the NFT through to maturity, making sure each vintage is added, as well as ‘burning’ NFTs when stock is withdrawn.
  • Insurance to be undertaken by new owner.
  • Vin de Constance is not produced every year. If a vintage is not produced, the NFT will include the next vintage, to total 40 consecutive vintages.
  • All Web3 development is undertaken by partner Fanfire. Director Gert-Jan van Rooyen is also the Associate Professor Extraordinary for the Internet of things at Stellenbosch University.
  • Payment can be made using any of the methods Strauss & Co accepts (cash, credit card, EFT) or optionally with cryptocurrency.
  • Fanfire will facilitate payments made in ETH or BTC.
  • Sp(i)eel NPO will receive 1,5% of the hammer price from Strauss proceeds and 1,5% of the hammer price from the Producer’s proceeds.

Why NFTs?

Non-fungible tokens are a highly efficient way to package a collection of wines for trading and investment. The digital contract, stored on the polygon blockchain, includes all the provenance, pricing, transaction, sensorial and aging information. This importantly authenticates the bottles within the NFT since all the wines were selected from the estate’s library stocks, corresponding to each bottles’ seal-code. NFT transactions are cheap and fast, and don’t add any marginal energy cost. The NFTs can be traded by the owner on any platform, currently also on Opeansea.

The NFTs include perfect cellaring of the wines until maturity, while the contracts are held in a custodial wallet or sent to a cold wallet such as the Venox Vault.

Provenance

All of the wines have been sourced directly from Klein Constantia. 

View all Klein Constantia lots for sale in this auction



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