Iron Gate Auctions
Timed Auction

IronGate Fine Wine Auction

Tue, Apr 30, 2024 10:00AM EDT - Tue, May 7, 2024 08:00PM EDT
  • 2003
  • 750ml
  • USA
  • California
  • North Coast
  • Napa County
  • Meritage
  • Red
  • EE4957
  • EE4959
Lot 720

2003 Joseph Phelps Vineyards Insignia - 3 bottle(s)-750ml format

Estimate: CAD$600 - CAD$780

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 2003 Joseph Phelps Vineyards Insignia - 750ml. Estimate for this lot is between $600 - $780 with a reserve of $420. The wine in this lot belongs to collection 11477.

Condition

Please note the following bottle conditions in this lot In Neck on 2003 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.

This Toronto based consignor has been collecting over 40 years. He acquired all of his wine directly from the LCBO and most were OWCs. The bottles have been meticulously stored in perfect climate controlled conditions prior to coming to Iron Gate.

The wine in this lot has a score of 93 from Robert Parker and the following tasting note -The 2003 has performed well in recent tasting, showing a dense purple color along with notes of creosote, lavender, flowers, creme de cassis, espresso roast, white chocolate and a hint of oak. Still in a young adolescent stage, it should drink nicely for another 15-20 years. There are 12,000 cases of the 2003 Insignia, a blend of 84% Cabernet Sauvignon, 10% Petit Verdot, and the rest equal parts Malbec and Merlot (87% of the fruit from estate vineyards). The alcohol level reached 14.4%. I was pleased to see how well this vintage was performing as it has been somewhat forgotten following the compelling years of 2001 and 2002. The spring was cool and the summer was dry and warm until some heat spikes (over 100 degrees Fahrenheit) occurred for four consecutive days in July. Both August and September were warmer and drier than normal with only a few insignificant rain events in September. Most of the Cabernet Sauvignon harvest lasted into late October.