Iron Gate Auctions
Timed Auction

IronGate Fine Wine Auction

Tue, Sep 17, 2024 10:00AM EDT - Tue, Sep 24, 2024 08:00PM EDT
  • 2001
  • 750ml
  • USA
  • California
  • North Coast
  • Napa County
  • Meritage
  • Red
  • HH353
  • HH354
Lot 884

2001 Joseph Phelps Vineyards Insignia - 2 bottle(s)-750ml

Estimate: CAD$640 - CAD$880

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 2001 Joseph Phelps Vineyards Insignia - 750ml. Estimate for this lot is between $640 - $880 with a reserve of $440.

Condition

Please note the following condition/s on 2001 Joseph Phelps Vineyards Insignia 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.

This prestigious collection comes to Iron Gate from a revered connoisseur and long-time wine collector. Lover of American wines, he spent many years sourcing them from some of the USA's finest properties and had them stored professionally at 55 Degrees in Napa Valley. Recognizing his cellar had grown far beyond what he could reasonably consume, he's brought the wines to auction to share with fellow enthusiasts.
The tasting note for 2001 Joseph Phelps Vineyards Insignia is from Robert Parker and the score is 98+ - Still a young wine at age 12, the 2001 Insignia exhibits a dense purple color along with a sweet bouquet of camphor, blackberries, cassis, incense and spring flowers. Full-bodied, rich and heady with sweet tannin, stunning concentration and a fabulous finish, this remarkable Insignia has 25 or more years of life ahead of it. A whopping 18,000 cases were made of this great vintage of Insignia, a blend of 89% Cabernet Sauvignon, 8% Petit Verdot and 3% Malbec (the first vintage of Insignia with no Merlot included). Seventy-three percent came from the estate vineyards and 27% from growers. The 2001 spent 23 months in new French oak, and the alcohol came in at 13%. The year began impressively, with warm weather early-on followed by heat spikes in May that continued off and on through July. Both August and September were cooler than normal, but in early October, Napa Valley experienced temperatures in excess of 100 degrees Fahrenheit for seven straight days. As I have written previously, 2001 has turned out to be a great vintage, and the heat spikes that can be so devastating did not have much of a deleterious effect on the grapes, perhaps because many had already been or were in the process of being harvested.