Masters of Wine Endowment Auction raises over £1.1m

23 Nov 17


The Institute of Masters of Wine has raised over £1.1 million from a live auction of Super Lots and an online auction.

The money raised is for an Endowment Fund, held by the Masters of Wine Endowment Company. The Fund will enable the Institute to extend its range of activities in the global wine world, enhance the support it gives to Members worldwide and encourage the Masters of Wine of the future.

A dinner and live auction took place on 16 November 2017 at Bonhams, where bidders competed for 18 Super Lots, once-in-a-lifetime experiences from the great wine regions of the world. The evening embodied the best in the wine world, and the guests shared some extraordinary wines from impressive vintages, before bidding on some exceptional wine Lots. These included one-off opportunities from Screaming Eagle; Le Pin, Petrus, Lafleur, Cheval Blanc and Ausone; Bollinger and Jackson Family Wines, as well as many others.

A spontaneous additional Super Lot was added on the night from Institute Supporter Berry Bros. & Rudd, for a private dinner with wines from their special reserves, which sold for £50,000. The Super Lots on the night raised an incredible £1,007,500.

In addition to the Super Lots, there were over 100 lots available online, also hosted by Bonhams. These lots raised £121,370 and included: a private dinner for six with Jancis Robinson MW and the Lander family at one of their award-winning London restaurants; 1 bottle of the 2014 vintage from every Grand Cru Classé en 1855 (Médoc & Sauternes) property; a collection of wines from all the Istituto Grandi Marchi producers; and many other wine adventures across the world.

The auction was initiated and instigated by three Masters of Wine, Richard Harvey MW (from Bonhams), Patrick McGrath MW and Fiona Morrison MW (Directors of the Masters of Wine Endowment Company).

Both auctions exceeded their target for the Endowment Fund. Jane Masters MW, Chairman of the Institute said, ‘We are still astonished at the result, and are so grateful for the generosity shown to the Institute. These funds will be invested in the short term and ultimately give us the opportunity to enhance our work across the international wine community for many years to come.’


ENDS
For more information and photos please contact:
Sarah Kirkpatrick
Marketing and Communications Manager
Institute of Masters of Wine
+44 (0)207 383 9131
skirkpatrick@mastersofwine.org

Notes to Editors:
The Institute of Masters of Wine is a membership organisation with an unsurpassed international reputation. The Masters of Wine (MWs) hold the most respected title in the world of wine. The IMW promotes excellence, interaction and learning across all sectors of the global wine community. MWs have proved their understanding of all aspects of wine by passing the MW Examination, recognised worldwide for its rigour and high standards. In addition to passing the Examination, MWs are required to sign the Code of Conduct before they are entitled to use the initials MW. The Code of Conduct requires MWs to act with honesty and integrity, and use every opportunity to share their understanding of wine with others. There are currently 369 Masters of Wine today, working in 29 countries. The Membership encompasses winemakers, buyers, journalists, shippers, business owners, consultants, academics, and wine educators. There are over 350 students in the MW Study Programme from over 30 countries.
www.mastersofwine.org

 

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