Iron Gate Auctions
Timed Auction

IronGate Fine Wine Auction

Tue, Nov 5, 2024 10:00AM EST - Tue, Nov 12, 2024 08:00PM EST
  • 1998
  • 750ml
  • USA
  • California
  • North Coast
  • Napa County
  • Meritage
  • Red
  • II3451
  • II3452
Lot 968

1998 Joseph Phelps Vineyards Insignia - 2 bottle(s)-750ml

Estimate: CAD$440 - CAD$600

Bid Increments

Price Bid Increment
CAD$0 CAD$20
CAD$500 CAD$50
CAD$1,000 CAD$100
CAD$2,000 CAD$200
CAD$3,000 CAD$250
CAD$5,000 CAD$500
CAD$10,000 CAD$1,000
CAD$20,000 CAD$2,000
CAD$50,000 CAD$5,000
CAD$100,000 CAD$10,000
This lot is comprised of 2 bottle(s) of 1998 Joseph Phelps Vineyards Insignia - 750ml. Estimate for this lot is between $440 - $600 with a reserve of $280. The wine in this lot belongs to collection 11535.

Condition

Wine in this lot has following conditions - In Neck.

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All lots are located in Calgary, Alberta, Canada.  Confirmation of pickup or delivery of Iron Gate Commercial Auction winnings must be made within 60 days of auction close. Thereafter, your winnings will be subject to storage fees, including a $75 setup, subsequent $5.00/case/month and $1.25 per bottle fee for inventory services. If no contact has been made within two years, auction winnings will be considered abandoned.

 

It is the responsibility of the buyer to make all arrangements for insuring, packing and removing the property purchased and any assistance by the Auctioneer, or the employees of, agents or contractors in packing and removal shall be rendered as a courtesy and without any liability to them. The Auctioneer shall not be liable for any errors or omissions or damage caused by packers and shippers, notwithstanding the fact that the Auctioneer may have recommended such shippers or packers to the purchaser.

These bottles are from the cellar of a long time licensee (restaurant) in Eastern Canada. They were acquired on release from the agent and immediately stored in the restaurant's environmentally controlled cellar until coming to Iron Gate.
The score for 1998 Joseph Phelps Vineyards Insignia is 92 points from Robert Parker and the tasting note - The 1998 displays a dark garnet color as well as notes of leafy tobacco, underbrush, black cherries and black currants. An elegant, mid-weight Insignia with sweet fruit, ripe tannin and interesting cedar, licorice and spice characteristics, it is fully mature and is unlikely to get any better. The El Nino weather pattern in 1998 brought abundant rain to Napa Valley in the spring and later in the summer. Grape clusters were characterized by irregular ripening and different-sized berries, then the threat of raisining when heat spikes occurred. The nightmare growing season required diligent and frequent vineyard work. Getting cooler and mountainside vineyard sites fully mature was difficult, if not impossible. The more precocious vineyards began harvesting at the end of September and continued through early November (which did not happen again until 2011). Joseph Phelps produced 14,000 cases of the 1998 Insignia, a blend of 78% Cabernet Sauvignon and 22% Merlot (80% from estate vineyards and 20% from growers). The alcohol came in at 14%.