Fine wine NFTs auctioned in South African wine industry first
In a first for South Africa’s fine wine industry, five of the country’s finest and historic wine collections have been auctioned off as NFTs, raising nearly 3 million RAND ($186,800).
The auction was undertaken through Strauss & Co, a fine art auctioneer and consultant, with several wine estates including Klein Constantia, Meerlust, Mullineux, Kanonkop and Vilafonté putting their collections under the gavel. Two of the lots were paid with Bitcoin (BTC) immediately after the sale.
