Strauss & Co Icon South African Wine NFT Auction

Online-Only Auction, 11 - 25 April 2022

Session 1

Sold for

ZAR 250 360
Lot 3
  • NFT: Strauss & Co Paul Sauer 00 - 25
  • NFT: Strauss & Co Paul Sauer 00 - 25
  • NFT: Strauss & Co Paul Sauer 00 - 25
  • NFT: Strauss & Co Paul Sauer 00 - 25
  • NFT: Strauss & Co Paul Sauer 00 - 25
  • NFT: Strauss & Co Paul Sauer 00 - 25


Lot Estimate
ZAR 150 000 - 250 000
Selling Price
Incl. Buyer's Premium & VAT
ZAR 250 360

About this Item

NFT: Strauss & Co Paul Sauer 00 - 25

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

Often described as the South African equivalent of a Grand Cru or First Growth, Kanonkop Estate is situated on the Simonsberg mountain slopes on the outskirts of Stellenbosch. Owned by the fourth generation Krige family, Abri Beeslaar is their long-term winemaker who has won International Winemaker of the year an incredible 3 times.

Strauss Paul Sauer 00-25 spans all millennium vintages through to the 2025 release. The 66-bottle lot includes single bottles from 2000-2017 with a 6-bottle case from 2018-2025. Paul Sauer is Kanonkop’s internationally acclaimed, long-aging Bordeaux blend and was named after its former owner. Multiple IWSC producer of the year winner, and NFT also Includes the Tim Atkin 100-point 2015 vintage. Estimates at R150,000-R250,000 (£8-£13k)

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 be cellared at Wine Cellar (Professional wine storage, Cape Town) vintage cellar until maturity (estimated 2028) 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will coordinate the NFT through to maturity, making sure each vintage is added, as well as ‘burning’ NFTs when stock is withdrawn.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.
  • 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

The wines have been sourced directly from Kanonkop. 

View all Kanonkop lots for sale in this auction



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