Strauss & Co will auction African fine wine non-fungible tokens (NFT) from 18 to 25 April in collaboration with five of the country’s greatest wine producers. Wine NFTs are an important component of how we got here in Africa.
The NFT isn’t very interesting or important in and of itself, much like your car registration certificate, which is a rather boring read on relatively inexpensive paper. There’s a chance the NFT is a kind of ownership over something important. The NFT may provide complete economic rights to the proprietor of a digital work of art. The market value of art is affected by market factors such as how much art enthusiasts are willing to pay for it. Furthermore, a token redeemable for an expensive bottle of wine may be worth more than a token redeemable for a cheap bottle of wine.
An NFT may represent ownership of a case of outstanding wine and may include information such as the wine’s name, vintage, and location in the cellar. NFTs appeal to collectors since the wine never needs to leave until it is ready to be enjoyed because they don’t require the cellar to keep track of the current owner. Because of this, Strauss & Co.’s first fine wine NFT auction in Africa is even more exciting.
What wines are offered from Strauss & Co. at the NFT auction?
The vertical collections of Klein Constantia Vin de Constance, Kanonkop Paul Sauer, Meerlust Rubicon, Mullineux Olerasay, and Vilafonté Series C have all been recorded for future generations to enjoy, thanks to unique digital contracts. Each NFT may hold between 20 and 50 vintages, with vintages ranging from 66 to 288 bottles. Because each bottle is minted as an NFT, single bottles of NFT may be consumed or traded at any time. The digital contract, which is stored on the polygon blockchain, has all of the provenance, price, transaction, sensory, and age information. When an NFT is auctioned, the owner has the option to trade it on any platform, increasing its liquidity and making it more available to buyers all over the world.
The following NFTs of wine are available for purchase:
The Strauss Rubicon 80-34 NFT collection contains a total of 288 bottles of Meerlust Rubicon. Meerlust Estate in Stellenbosch was established in 1756, while Rubicon, a Bordeaux-inspired winery, was formed in 1980. Between $37,475 and $51,103 (R550,000 and R750,000)
Strauss Vin de Constance 86-27 NFT is on sale for the first 40 vintages of Klein Constantia’s world-famous sweet wine. The famous Constantia wine, which was prized by rulers such as Napoleon, George IV, and Louis Philippe, has been reproduced as Vin de Constance. Vintages from 1986 through 2012 are included in the NFT, which are packed in 500ml bottles of varying rarity. Between $37,475 and $51,103 (R550,000 and R750,000)
The Strauss Series C 03-27 NFT commemorates the first 25 years of Vilafonté, a collaboration between Mike Ratcliffe and US wine aristocrats Zelma Long and Phil Freese. The International Wine and Spirits Competition recently honored Vilafonté ‘Outstanding Wine Producer’ and ‘Best Red Wine Producer of the Year’ for its consistently long-aged, outstanding wines. A probable price range is R550,000 – R750,000 ($37,475 – $51,103).
Strauss Olerasay 1-20 includes Mullineux Olerasay, the typical Chenin Blanc sweet wine in the solera style. Chris and Andrea Mullineux, a husband and wife team, formed the firm in 2007 and have swiftly established themselves as one of South Africa’s most known music producers. R250,000 – R350,000 in the range of $17,034 – $23,848,
Strauss Vintages from the first century through 2025 are included in the Paul Sauer 00-25 range. The 66-bottle package includes six six-bottle cases that cover the years 2000-2017 and 2018-2025. Paul Sauer, Kanonkop’s long-aged Bordeaux blend, is well-known for its high quality across the globe. The cost is estimated to be between $10,221 and $23,848