The one-of-one Olivier Bernstein Romanée-St-Vivant 2017 Jeroboam is set to be auctioned exclusively on CultX, the first time the wine has been made available for sale.
15 July 2022: Cult Wines, the company actively redefining the fine wine market, is partnering with legendary Burgundy fine wine producer, Olivier Bernstein to release a 1-of-1 jeroboam of Romanée-St-Vivant 2017. This is Bernstein’s premier vintage of Romanée-St-Vivant, one of the most exclusive and sought-after terroirs in the region and this is the first time the wine has been released to the public for sale. Given the tiny volume of Romanée-St-Vivant produced by Bernstein, and the unique format, this hand-numbered Jeroboam is the ultimate collector’s item for Burgundy aficionados.
The ultra-rare jeroboam will be auctioned with a reserve price of £50,000 starting on Monday 1st August available exclusively on CultX, Cult Wines’ newly launched digital trading platform. Provenance, authenticity and ownership will be guaranteed with an NFT issued by Bernstein to accompany the jeroboam. Historically, Burgundy is a very traditional wine market that adheres to standard methods for buying and selling wine. Partnering with Bernstein, CultX will provide an innovative new channel that provides all collectors and enthusiasts access to an iconic, highly acclaimed and exclusive – with only one bottle in existence – Burgundian wine. The partnership is Cult Wines’ latest transformative offering to the wine industry, and the first of many exclusive releases with world renowned producers.
Tom Gearing, CEO and Co-Founder of Cult Wines, commented: “CultX was designed as a game changing platform to source, invest and trade in fine wines. This exclusive auction and partnership with Olivier Bernstein reinforces that vision – we are forging new ground by working with elite global producers to reimagine how we sell, invest and collect wines. It is our pleasure to be working with the new era of producers establishing innovative ways to give collectors a first chance to collect rare wines.”
Bernstein is well known for pioneering maverick wine making methods in Burgundy. He produces a staggering seven different Grand Crus and specifically selects low yielding vines, allowing him to extract the very best from his sites year-on-year. In 2017, he was finally able to access a tiny parcel within Romanée-Saint-Vivant to make his first and likely only vintage from the vineyard. Bernstein has described the experience of working with Romanée-St-Vivant grapes as a dream, unlike anything else in the world.
Romanée-St-Vivant (RSV), a Grand Cru part of the prestigious ‘Vosne-Romanee’ appellation, produces small quantities of the world’s most nuanced and desired Pinot Noirs. RSV wines exhibit all the technical finesse and terroir characteristics as the other Vosne-Romanée wines but are viewed as more delicate with a distinctive silky elegance, depth and purity. They are impressive in their youth and suitable for decades of ageing, where they develop complex and unforgettable nuances. With a limited number of producers crafting small quantities of ultra-premium wine, demand far exceeds supply, making RSV wines instant collector’s items. Romanée Saint-Vivant embodies everything that’s magical about Burgundy – nuance, rarity, and individuality – and deserves its place in every Burgundy aficionado’s collection.
Olivier Bernstein, Winemaker, commented on the partnership: “It’s exciting to release a one-off jeroboam with CultX, both a format I’ve never released before, with a wine I could never have imagined producing.”
Over the past five years, top Romanée-St-Vivant wines have significantly outpaced the Liv-Ex Burgundy150. The insatiable demand for RSV wines among wine collectors is illustrated by the soaring prices and valuation of the wines. For example, the price for a 2004 Domaine Arnoux-Lachaux, Romanee-Saint-Vivant Grand Cru has increased by nearly 6 times over the past five years. More recent vintages are also flying high with the 2013 Domaine Leroy, Romanée Saint-Vivant Grand Cru appreciating by £120,498 over five years.1
Top RSV wines performance vs Liv-Ex Burgundy150
The winner of the auction and five guests will be invited to join Olivier Bernstein at his iconic, and typically closed to the public, Maison in Beaune, France for an unforgettable wine-paired dinner. An incredibly rare opportunity, the winner will experience the unique magic of the spectacular Burgundy region.
For those who miss out on winning the auction, a very limited number of hand-signed and numbered bottles and magnums of the Olivier Bernstein Romanée-St-Vivant 2017 will be made exclusively available to purchase through the CultX platform when it launches to the public in late September. Each bottle of Olivier Bernstein RSV 2017 will be released from the Domaine with an accompanying NFT issued by Olivier Bernstein, guaranteeing the authenticity and ownership of the bottle. Users can sign up to the auction waitlist on CultX at www.cultx.com/new-releases/
ABOUT CULT WINES
Founded in 2007, Cult Wines is forging the future foundations of the fine wine market by creating products and experiences that unlock opportunities for producers and consumers. Empowering people through technology, data and access to a global community, Cult Wines endeavours to re-define the fine wine market – making it accessible, secure and rewarding. Headquartered in the UK, Cult Wines has offices in Canada, China, Hong Kong, Singapore, and the US. For more information, please visit www.cultwines.com or find us on LinkedIn, Twitter, Facebook, or Instagram.
ABOUT CULTX
CultX is the leading-edge digital trading platform for buying, selling and collecting investment grade fine wine with over £200m of the world’s most prestigious wines available to bid on. The mobile and web-based trading app provides users with all the tools they need to build, track and manage a fine wine portfolio with real-time data and live markets at their fingertips, instantly and easily. Boasting ten years of historical data and current pricing information from Wine-Searcher, the platform provides the most accurate price record for each of the hundred thousand wines available to search on the platform. CultX brings together a global community of tech savvy traders and fine wine enthusiasts, offering unmatched liquidity opportunities, with immediate ownership, total transparency and assured authenticity through the Algorand blockchain ledger. For more information, please visit www.cultx.com or find us on LinkedIn, Twitter, Facebook, or Instagram.
ABOUT OLIVIER BERNSTEIN
The elusive Olivier Bernstein rose to fame just over two decades ago when he left a successful career in international business to pursue his passion for wine. Since his first vintage in 2007, Bernstein has been winning the plaudits of leading Burgundy critics such as Allen Meadows and Jancis Robinson. His wines, nearly exclusively Grand Cru but with some Premier Cru sites, are becoming some of the most sought-after in the Cote de Nuits as collectors are now starting to appreciate the extraordinary quality as the wines enter their optimum drinking windows. To Bernstein, Burgundy is the ultimate wine making region, with each of his wines being a personal interpretation of the grapes from that vintage.
