Collection of fine South African wines sold as NFT

Collections of fine wines produced by leading South African producers were sold as non-interchangeabletokens (NFT), which was the first such event in the wine industry of the country.

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At the auction held by the auctioneerFine Arts Strauss &amp; Co., some lots, such as those from Klein Constantia's Vin de Constance 1986–2027 collection, sold for $79,000 (R1,251,800).

The cost of other lots, including the "50-yearвepтикaль иx знaмeнитoгo Pубикoнa» винoдeлa Meerlust, пpoдaнa зa $ 68 000. Vilafonté Series C 200З-2027 пpeвыcил $ З6 000, a Mullineux Olerasaу 1-20 peaлизoвaн зa $ 20 000. Koллeкция oт Kanonkop Paul Sauer 2000-2025 ушлa зa мoлoткa зa $ 16,000.

“This is a big step in preserving South Africa's fine wine heritage! Now these pristine vintage bottles are securely stored on the blockchain for future trading and enjoyment.”

 

“We believe that this new technology isthe most efficient way to package and sell fine wines, especially when origin is so important,” said a fine wine specialist at Strauss &amp; Co Poland Pins.

Once sold, the issued NFTs are said to “may be played or traded at any time on any NFT platform around the world.” Interestingly, two lots were paid for with bitcoins.

Thanks to the sale for charitable organizations, about $ 6,000 was collected, which will be directed to the development of the wine industry in South Africa.

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