Calgary businessman Paul Vickers to auction a portion of wine collection,
valued at nearly $1 million
Online bidding starts Tuesday, July 18 via Iron Gate Auctions
Paul Vickers, prominent Calgary businessman and Chairman of the Board of Penny Lane Entertainment, will auction a portion of his personal wine collection featuring 360 lots, valued at just under $1 million CAD, via Iron Gate Auctions. As owner of Cowboys Dance Hall, Vickers is a key player in annual Calgary Stampede celebrations and The Incredible Collection of Paul Vickers online auction will go live on Tuesday, July 18, just as the Stampede winds down. The wine auction catalogue is now available for preview.
“I’ve been an avid wine collector for many years and I’ve come to realize that I can’t possibly enjoy all these fantastic wines in my lifetime, so it’s time to share them,” said Vickers. “I’m also excited that an online auction format means these wines can reach broader, more diverse audiences who are keen to access some of the greatest wines of our time.”
Throughout his career in the hospitality business, Vickers has visited the world’s most prestigious chateaux and wine estates, purchasing wines for his personal collection at source. As a result, his collection has impeccable provenance; a critical factor in retaining value. The wines have been stored in optimal conditions in Vickers’s home cellar equipped with professional temperature and humidification systems. This combination of prestige, quality and provenance is considered by experts as the trifecta of wine cellar management.
Nearly half of The Incredible Collection of Paul Vickers auction catalogue is represented by Grand Cru Classé Bordeaux along with a vast number of California cult wines and some highly sought-after Burgundy including an impressive offering of the rare Domaine de la Romanée Conti to name a few. Highlights and their corresponding high estimates include:
Lot 2: three bottles of 1982 Chateau Lafite Rothschild (750mL) valued at $7,200
Lot 6: a double magnum of 1989 Chateau Mouton Rothschild (3000mL) valued at $4,200
Lot 8: six bottles of 1990 Chateau d’Yquem Sauternes (750mL) valued at $4,700
Lot 18: three bottle horizontal of 1991 Domaine de la Romanée Conti Echezeaux, La Tache and Richebourg (750mL) valued at $20,000
“Single owner auctions like The Incredible Collection of Paul Vickers are a fantastic, and still quite rare, opportunity for buyers in Canada to access wines that are in pristine condition and otherwise unavailable,” said Warren Porter, Founder and President of Iron Gate Wine. “But we’re at a pivotal moment for Canada’s emerging secondary wine market where consignors who’ve held on to their collections for a lifetime and buyers who are eager to jump in both see tremendous opportunity. It’s an exciting time and we anticipate steady growth.”
Founded in 2004, Iron Gate has emerged as the market leader in Fine Wine auctions in Canada and is the only national auction house dedicated solely to the sale of Fine Wine and Spirits.
The Incredible Collection of Paul Vickers auction catalogue is now available for preview. Online bidding will commence Tuesday, July 18 at 8 a.m. MST and lots will begin to close on Tuesday, July 25 at 6 p.m. MST. Buyers can register at bid.irongateauctions.com and place bids from their desktop, tablet or smartphone using the Iron Gate app (available on Google Play and the App Store).
About Iron Gate: Founded in 2004 with locations in Toronto, Calgary and Buffalo, N.Y., Iron Gate offers complete collector services including fine wine collection management, off-site wine storage, cellar and wine appraisals, international sales and wine and spirits auctions for both collector sales and benefit fundraising.
Website & Social Channels:
- The Incredible Collection of Paul Vickers auction catalogue is now available for preview.
- Auction opens on Tuesday, July 18 at 8 a.m. MST and begins to close on Tuesday, July 25 beginning at 6 p.m. MST
- Bidding is anonymous, simple and secure
- Register at bid.irongateauctions.com with name, phone number and email address
- Registrants can create their own auction item wish list and make anonymous bids throughout the duration of an auction
- Bidders will receive email notifications for bids, outbids and won lots
- Bids can be placed from anywhere
- Online auction catalogues can be searched by producer, region and sub-region, vintage and appraisal value
- The platform features a real-time countdown clock that will track the time remaining in auction down to the second
- No cost to register and place bids
- Successful bids will be charged a 17.5% buyers’ premium, well below the auction industry standard of 20% to 22.5%. Purchases are also subject to a 5% sales tax, the lowest in Canada and another benefit of hosting in Alberta
- Once the auction closes and purchase are finalized, IronGateAuctions.com transfers title to each successful bidder at which point they are contacted by a shipping company who will make arrangements on the bidder’s behalf
- A list of Frequently Asked Questions is available here.
