Yesterday, the first auction of Greek wines by VERGOS Auctions was held with great success at the Papagiannakos Bioclimatic Winery. Specifically, the auction ended with a 100% by value based on the initial appraisal prices, with 75% of the select and rare labels in the catalog being sold at prices significantly higher than the initial ones, confirming the momentum and maturity of the Greek wine market.

Labels of historical significance, limited production, and the iconic large sizes of 3, 6, and 9 liters were the stars of the auction. Among many others, the 1947 Vinsanto (0.5L) from the Argyros Estate, PDO Santorini, which had an initial estimate of €100 and, after intense bidding, sold for €1,223, the 1994 three-liter bottle of Naoussa Boutari, PDO Naoussa, which sold for €673 (initial €300), the three-liter bottle of 2008 Founti Estate, PDO Naoussa, which had an initial price of €200 and was sold for €489, as well as the two 1.5L bottles of 2010 Erythros, PGI Letrino, sold for €428 with an initial estimate of €160.

Finally, buyers were found for the three most expensive bottles in the auction, which came from the Skouras Estate, specifically the large bottles of Megas Oinos 2002 (3L), Megas Oinos 1997 (6L), Megas Oinos 2001 (9L), which sold for €1,101, €2,324, and €3,180, respectively.

Andreas Vergos, Managing Director of VERGOS Auctions, said of the company’s first Greek wine auction: “Yesterday’s enthusiastic response from the public confirms that Greek wine has now acquired a clear identity and has significant growth potential in the secondary market. These results reflect the confidence of wine lovers, collectors, and professionals in the wine industry, both in high-quality, aged Greek wines and in the reliability of the House, which is once again presenting something new in the auction world.”