Iron Gate Auctions
Timed Auction

IronGate Fine Wine Auction

Tue, Jun 11, 2024 10:00AM EDT - Tue, Jun 18, 2024 08:00PM EDT
  • 2001
  • 750ml
  • USA
  • California
  • North Coast
  • Napa County
  • Meritage
  • Red
  • FF3933
  • FF3935
Lot 40

2001 Joseph Phelps Vineyards Insignia - 3 bottle(s)-750ml

Estimate: CAD$780 - CAD$1,100

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 3 bottle(s) of 2001 Joseph Phelps Vineyards Insignia - 750ml. Estimate for this lot is between $780 - $1100 with a reserve of $550. The wine in this lot belongs to collection 10815.

Condition

Please note the following conditions on the bottle/s in this lot In Neck on 2001 Joseph Phelps Vineyards Insignia .

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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.

A collector since university, more than 30 years ago, this consignor was on his school’s wine tasting team in England and was fortunate to have access to the university’s cellars to taste and learn about fine wines. He developed an appreciation for age worthy wines and began to purchase and carefully store them. Later in life he became friends with winemakers in the old and new world regions and was able to purchase highly allocated wines through them. He also buys wine from agents and the LCBO and occasionally from auction and all bottles go directly to storage at Iron Gate.
The score for 2001 Joseph Phelps Vineyards Insignia is 98+ from Robert Parker and the tasting note - 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.