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Premiere Napa Valley(R) Auction 2006 Event Was a ''Gavel Breaker'' Setting New Records.


ST. HELENA, Calif. -- In what must have been an omen for good luck, the auction gavel gavel

small mallet used by judge or presiding officer to signal order. [Western Culture: Misc.]

See : Authority
 shattered shat·ter  
v. shat·tered, shat·ter·ing, shat·ters

v.tr.
1. To cause to break or burst suddenly into pieces, as with a violent blow.

2.
a.
 into pieces early in the bidding at this year's Premiere Napa Valley Napa Valley, Calif.: see under Napa.

Napa Valley

greatest wine-producing region of the United States. [Am. Hist.: NCE, 2990]

See : Wine
(R) (PNV PNV Partido Nacionalista Vasco (Basque Political Party)
PNV Potential Natural Vegetation
PNV Prenatal Vitamins
PNV Park 'n View (trucker's term for park in view at truckstops)
PNV Potential Network Value
). The renowned mid-winter barrel auction, celebrating its tenth anniversary, brought in just over $1.87 million dollars on Saturday, February 25, a 28% increase in revenue over 2005's record setting earnings.

When the last gavel dropped, overall results for the sold out wine trade-only event featuring five-, ten- and 20-case lots of one-of-a-kind Napa wine futures, once again proved that Napa Valley wines are a hot commodity and an excellent investment. After a rousing rous·ing  
adj.
1. Inducing enthusiasm or excitement; stirring: a rousing sermon.

2. Lively; vigorous: a rousing march tune.

3.
 round lasting just over 2 1/2 hours, 67 successful bidders purchased 181 lots (a 10% increase over 2005), with revenues going to support programs by the Napa Valley Vintners (NVV NVV Nederlands Verbond van Vakverenigingen (Dutch) ), the non-profit trade association of more than 270 member wineries that is charged with promoting and protecting the Napa Valley Appellation ap·pel·la·tion  
n.
1. A name, title, or designation.

2. A protected name under which a wine may be sold, indicating that the grapes used are of a specific kind from a specific district.

3. The act of naming.
.

More than 1,000 winemakers, restaurateurs, retailers and wine wholesalers spent the morning rubbing rubbing,
v creating friction and heat by drawing the hands across the body at varying speeds, rhythms, and depths. Benefits include muscle elongation, tension release, and increased flexibility.
 elbows with while barrel tasting wines created exclusively for the event, held at the Culinary Institute of America at Greystone The Culinary Institute of America at Greystone in St. Helena, California is a branch campus of the Culinary Institute of America in Hyde Park, New York. The Culinary Institute of America (CIA) at Greystone is dedicated to continuing education and career development for  (CIA CIA: see Central Intelligence Agency.


(1) (Confidentiality Integrity Authentication) The three important concerns with regards to information security. Encryption is used to provide confidentiality (privacy, secrecy).
).

"This is our annual bake sale “Bake Sale” redirects here. For the episode from the TV show 8 Simple Rules, see List of 8 Simple Rules episodes.

A bake sale is a fundraising activity where baked goods such as doughnuts, cupcakes and cookies, sometimes along with ethnic foods, are sold.
 where we raise money for our association's programs," said John Skupny, owner of Lang & Reed Wine Company and chair, along with his wife Tracey, of PNV 2006. "Perhaps most exciting for our vintners is the chance to spend time with our customers, many of whom we have been partnering with for years, and who have become good friends. Premiere is our signature event for the trade in Napa Valley and the vintner community is solidly behind the endeavor." Skupny's brand, Lang & Reed, made its debut with their very-first commercial release at the first Premiere auction in 1997 and this year their lot was one of the top 15.

More than 200 paddle An input device that moves the screen cursor in a back-and-forth motion. It has a dial and one or more buttons and is typically used in games to hit balls and steer objects. See joy stick.

Paddle - A language for transformations leading from specification to program.
 holders, including a number of first time bidders, converged on the Napa Valley from as far as New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 and Japan, to bid on a total of 1,195 cases of wine. Early in the bidding, renowned auctioneer AUCTIONEER, contracts, commerce. A person authorized by law to sell the goods of others at public sale.
     2. He is the agent of both parties, the seller and the buyer. 2 Taunt. 38, 209 4 Greenl. R. 1; Chit. Contr. 208.
     3.
 Ursula Hermacinski lowered the gavel to close the sale of a lot and the oak gavel shattered in her hand, which proved to be the harbinger har·bin·ger  
n.
One that indicates or foreshadows what is to come; a forerunner.

tr.v. har·bin·gered, har·bin·ger·ing, har·bin·gers
To signal the approach of; presage.
 of robust action to come.

The top bidder of the day was Gary Fisch, owner of Gary's Wine and Marketplace with three stores in northern New Jersey, who is both a perennial perennial, any plant that under natural conditions lives for several to many growing seasons, as contrasted to an annual or a biennial. Botanically, the term perennial  attendee at·tend·ee  
n.
One who is present at or attends a function. See Usage Note at -ee1.


attendee
Noun

a person who is present at a specified event

Noun 1.
 and high bidder. Fisch said: "This was the best auction yet. The diversity of wines made it even more exciting." This year Fisch purchased 16 lots totaling 115 cases paying a total of $220,500. He said: "The response to Premiere wines has been great. I sell them to my clientele bottle by bottle and people are starting to understand what I've been saying for years: the vintners of the Napa Valley go all out with these wines."

Bidding became heated at lot #37, a five case offering by Shafer Vineyards that sold for $75,000 to Ichizo Nakagawa from Nakagawa Wine Co., Ltd, of Tokyo, Japan. This topped by 50% a previous record-setting PNV bid set in 2005. Coming in as number two cumulative high-bidder for the day, Nakagawa said: "I used to drink only French wines, but I've been coming to the Napa Valley for a while and now I drink Napa Valley wines almost exclusively."

Later in the auction, the bar was raised even higher as the top selling lot of the day came near the end when V.J. Jazirvar from the Petroleum Club in Oklahoma City Oklahoma City (1990 pop. 444,719), state capital, and seat of Oklahoma co., central Okla., on the North Canadian River; inc. 1890. The state's largest city, it is an important livestock market, a wholesale, distribution, industrial, and financial center, and a farm  paid a record-setting $85,000 for a 5-case lot of 2004 Rombauer Cabernet Sauvignon Cab·er·net Sauvignon  
n.
1. A variety of black grape used to make red wine, notably in Bordeaux and the Napa Valley.

2. A dry red wine made from this grape.



[French.
. Last year Jazirvar set the high-bid record at $50,000 for another Rombauer lot, this year he exceeded his own high mark by 70%. Jazirvar said: "All five of the lots I bought last year are already sold out -- and I haven't even gotten the wine yet! These wines are a great investment. I'm so happy to see Napa Valley wines getting the acclaim they deserve -- equal to the elite wines of Europe." Asked how he thought the auction went, vintner Koerner Rombauer said: "It was great. Everybody was very comfortable, they like to come to this event and that's what we wanted."

Dan Duckhorn, co-chair of the inaugural PNV auction in 1997 said: "After ten years, it's quite evident that we have been able to sustain the momentum of giving the world a great view of Napa Valley wines and giving our new members a 'place in the sun.' The Premiere auction is outpacing the growth of the industry -- it's pretty neat."

For complete information and results from all prior years, please visit http://www.napavintners.com/auctions/premierenv.html.

Now in our seventh decade, the Napa Valley Vintners (NVV) trade association is the sole organization responsible for promoting and protecting the Napa Valley Appellation as a winegrowing region second to none in the world. Respect for our history reinforces our commitment to the preservation and enhancement of the Valley's land, wine, and community for future generations. We address the shared interests of our more than 270 members and aspire to aspire to
verb aim for, desire, pursue, hope for, long for, crave, seek out, wish for, dream about, yearn for, hunger for, hanker after, be eager for, set your heart on, set your sights on, be ambitious for
 be the essential organization for all Napa Valley vintners.

Digital images of Premiere Napa Valley 2006 are available on the Web site in both the Press Room and Auctions links and may be downloaded at 300 dpi at no cost.
Top 10 Bidders
----------------
    1. Gary's Wine & Marketplace, Madison, NJ

    2. Nakagawa Wine Company, Ltd., Tokyo, Japan

    3. Capitol Cellars, Roseville, CA

    4. Bounty Hunter, Napa, CA

    5. Petroleum Club, Oklahoma City, OK

    6. Hi-Time Cellars, Costa Mesa, CA

    7. FQ Club, Reno, NV

    8. Zachy's, Scarsdale, NY

    9. Willow Park Wine & Spirits, Calgary, Alberta, Canada

    10. The Grapevine, San Jose, CA

Total Trade Attendees - 595
---------------------------
    Representing 67 Restaurant Accounts, 99 Retailers and 96
    Distributors and Importers

Top 15 Lots
-------------
Lot #178    Rombauer Vineyards          $85,000

Lot # 37    Shafer Vineyards            $75,000

Lot # 154   Silver Oak Cellars          $39,000

Lot # 155   Paraduxx                    $37,000

Lot # 57    Beringer Vineyards          $35,000

Lot # 104   Lewis Cellars               $32,000

Lot # 19    Joseph Phelps Vineyards     $29,000

Lot # 44    Husic Vineyards             $28,000

Lot # 148   Regusci Vineyards           $27,000

Lot # 86    Gemstone                    $27,000

Lot # 174   Pride Mountain              $26,000

Lot # 142   Stag's Leap Wine Cellars    $25,000

Lot # 1     Lang & Reed Wine Company    $22,000

Lot # 82    Saintsbury                  $22,000

Lot # 128   Darioush                    $22,000

Number of Lots by Wine Variety
--------------------------------
Aglianico: 1

Cabernet Franc: 7

Cabernet Sauvignon: 129

Malbec: 3

Merlot: 12

Nero d'Avolo: 1

Petit Verdot: 3

Petite Sirah: 2

Pinot Noir: 6

Proprietary Red Blends: 6

Syrah: 5

Zinfandel: 4

White or Sparkling: 2
History of Premiere Results
----------------------------

                    2006       2005       2004      2003     2002
------------------- ---------- ---------- --------- -------- --------
Lots Auctioned      181        165        158       138      125
------------------- ---------- ---------- --------- -------- --------
Total Cases         1195       1135       1065      860      760
------------------- ---------- ---------- --------- -------- --------
Gross Revenue       $1,870,500 $1,459,000 $987,200  $938,800 $798,100
------------------- ---------- ---------- --------- -------- --------
Successful Bidders  67         62         60        54       52
------------------- ---------- ---------- --------- -------- --------


                    2001       2000       1999      1998     1997
------------------- ---------- ---------- --------  -------- ---------
Lots Auctioned      120        104        108       99       101
------------------- ---------- ---------- --------  -------- ---------
Total Cases         735        595        675       725      820
------------------- ---------- ---------- --------  -------- ---------
Gross Revenue       $920,800   $726,000   $630,500  $427,250 $412,400
------------------- ---------- ---------- --------  -------- ---------
Successful Bidders  59         54         57        51       54
------------------- ---------- ---------- --------  -------- ---------
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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