Showing posts with label Auction. Show all posts
Showing posts with label Auction. Show all posts

Thursday, April 12, 2012

Mondavi's folly.



Have you ever woken up in the morning and thought, what I really need is a life-size statue of legendary Napa winemaker André Tchelistcheff?  No? Me neither.  But, just on the off chance that you have, beginning this Saturday the 14th of April, you might be in luck. Copia:  The American Centre for Wine, Food and the Arts, closed since December 2008 due to bankruptcy, is about to auction off the entire contents of the mothballed 80,000 square foot centre.
What was Copia?  Well, no one was really ever sure exactly what Copia was, or aimed to be.  Conceptualised by Robert Mondavi, who gifted some $20 million in seed money, the not-for-profit (and therein lies a problem) discovery centre struggled to define it's mission.  With a 700 seat outdoor amphitheatre, 13,000 square feet of gallery space, a demonstration kitchen, a 3.5 acre edible garden and a restaurant named for famed chef Julia Child (I ate there, once) Copia potentially had a lot to offer the community.  However, what Copia did not have was a supporting foundation, an endowment, or incontrovertibly any funding to keep what was a lofty enterprise afloat.
When Copia filed for bankruptcy it had amassed a staggering bond-financed debt of more than $78 million.  The centre had struggled financially since day one.  The projected 300,000 annual visitors never materialised and the support of Napa Valley residents was virtually non-existent: for many locals the lure of gourmet salt and internationally sourced mustard tastings did not prove to be a strong enough enticement to get them through the doors in any great numbers.  
As part of the bankruptcy process, the administrators of the Copia liquidation trust are holding onsite and online auctions to rid themselves of everything - from the gift shop's retail inventory and the centre's 4,000 bottle wine collection to serving dishes and office equipment - and in the process perhaps put a small dent in that $78 million debt. In order to facilitate a good turn out on auction day, many Napa residents were sent a large postcard in the mail advertising the "truly...one of a kind collection of assets to be sold to the highest bidders."  I won't be bidding on anything. For instance, I can't imagine wanting any white wine from Copia's bottle collection.
Copia was an ego driven idea with no concept of reality.  From the onset, there was really no way this particular business model could work.  A shrine to wine (amongst other things), really? With approximately 175 tasting rooms in the valley, beginning a mere 2 miles from Copia's downtown location, I think most visitors would want to pay homage to a living and breathing wine at it's source.  Copia, was plainly a folly.
Of course, there is that life-size statue of Mr. Tchelistcheff (although I read that it may not actually be included in the auction), just in case you need one.

Sunday, July 18, 2010

To the highest bidder.

The little something that Vinomaker picked up at the Home Winemakers Classic just so happened to be a 3L bottle of 2006 David Arthur Elevation 1147. Vinomaker was the only bidder for this particular auction lot, not because it is a bad wine, but rather as the result of a slightly bizarre instance of being in the right place at the right time. For a bargain basement price the Elevation 1147 is now settling into it's new home in Vinoland.
I have had this wine on several occasions and have always found it to be very pleasant. I am sure I will enjoy this bottle in the future, especially knowing what a great deal Vinomaker got.

Tuesday, May 05, 2009

Move over Auction Napa Valley.

To think I moved all the way to the Napa Valley to be in the wine industry. I could have just stayed at home and been a part of Tesco's Wine Festival every year. The 2009 Tesco bacchanalia of half price bingeing is under way. There is no celebrity host at this event, no Jay Leno, no Ryan Seacrest, so Auction Napa Valley does not have to worry about the competition.
The wines may be half price but I don't think I will be buying any of them: the selection is disappointing. I'll just try a couple of older things from Thud's cellar. Of course I have an aversion to most of the over priced cult wines in Napa too. I am so hard to please! I think I will just drink something I like, not something someone tells I should like because the price tag deems it so.