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Napa cult wines attract high bids

Published:  23 July, 2008

The 27th Auction Napa Valley, the annual fundraiser and showcase for Napa Valley wines, raised a near-record $9.8 million (4.9 million) last Saturday, thanks to heated bidding for cult wines such as Screaming Eagle, Hundred Acre and Harlan Estate.

But it was an Italian-influenced lot that drew the largest-ever single bid: John W Thompson, chairman and CEO of Symantec, and his wife Sandi, paid $1.1m for three double magnums of Staglin Family Vineyards Sangiovese, a new Maserati and a trip to Italy with Garen and Shari Staglin.

The Napa Valley Vintners have raised more than $80 million since the auction began in 1980.