Strauss & Co Icon South African Wine NFT Auction

Online-Only Auction, 11 - 25 April 2022

Session 1

Sold for

ZAR 318 640
Lot 5
  • NFT: Strauss & Co Olerasay 1 - 20
  • NFT: Strauss & Co Olerasay 1 - 20
  • NFT: Strauss & Co Olerasay 1 - 20
  • NFT: Strauss & Co Olerasay 1 - 20
  • NFT: Strauss & Co Olerasay 1 - 20
  • NFT: Strauss & Co Olerasay 1 - 20


Lot Estimate
ZAR 250 000 - 350 000
Selling Price
Incl. Buyer's Premium & VAT
ZAR 318 640

About this Item

NFT: Strauss & Co Olerasay 1 - 20

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

Established in 2007 by the dynamic husband-and-wife team, Chris and Andrea Mullineux have, in a very short space of time, established Mullineux as one of South Africa’s most celebrated producers. Their track record speaks for itself: Awarded Wine Enthusiast’s International Winemaker of the Year in 2016, Tim Atkin’s SA Winemakers of the Year in 2017, and four-times Platter's Winery of the Year (2014, 2016, 2019 and 2020).

The Olerasay is a solera styled Swartland Chenin Blanc straw wine that spans back to the 2008 vintage. New vintages of straw wine are added to the solera blend, allowing for new iterations to be released. First produced in 2015 and then 2020, Mullineux states yearly Olerasay bottlings from 2022, making the final 20th Olerasay to be released around 2038!

Strauss Olerasay 1-20 includes the first 20 iterations of Mullineux Olerasay, the benchmark sweet wine. Containing 6 bottles per release, the second iteration received the first South African 100 points from a US based wine publication by Neal Martin. Neal suggests a drinking window from 2020-2080!

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 Mullineux vintage cellar until maturity (estimated 2039) 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will coordinate the NFT through to maturity, making sure each vintage is added, as well as ‘burning’ NFTs when stock is withdrawn.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 5% of the hammer price from the Producer’s proceeds will go to The Cape Winemakers Guild Protégé Programme.

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 Mullineux Wines. 

View all Mullineux lots for sale in this auction



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