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Posted May 2006

Lot 23: Ladera prepares for Auction Napa Valley 2006

Calistoga Parades

NAPA—With his trademark black cowboy hat, Pat Stotesbery pours a glass of Ladera Lone Canyon Cabernet Sauvignon. It's just one of the wines from   his Howell Mountain winery selected for a prestigious live auction lot during Auction Napa Valley, June 1-4, 2006.

The owner of Ladera Vineyards, Stotesbery is like many Napa vintners, just days away from participating in one of the biggest annual events in the valley. And the excitement is palpable throughout the region. The auction, in its 25 th year, attracts hundreds of eager wine enthusiasts to the valley and has raised a total of $61 million for charitable causes in Napa. Included in this year's lots are rare and valuable wines, swoon-worthy adventures, exclusive visits to wineries, and once-in-a-lifetime chances to meet with celebrity winemakers. All will be auctioned throughout the weekend, many going for thousands, and even hundreds of thousands of dollars.

Back at Ladera's caves, Stotesbery—who came to Napa by way of a Montana ranch--and I taste through several bottles, including the value-priced Ladera Napa Valley Cabernet, as well as a barrel sample of the lush 2004 Ladera Howell Mountain Cab, one of the flagship wines. In the cool, quiet caves, it's the calm before the storm, as Stotesbery talks about getting ready for the auction.   He's planned an elaborate display for his wines, and hopes that it will command a high price this year.

He notes that it is a high honor awarded to be chosen for the live auction. Only 60 of the more than 120 auction lots are chosen for the live auction on Saturday night. The remaining lots are offered electronically through an e-auction, where bidders can name their price online.

And being part of the much-watched live auction, where the well-heeled meet and greet and big business deals are done can be plenty stressful for a winemaker. Last year, one of the lots that included his wines sold for $55,000. He says vintners are always conscious of how much their wines command. He says the purchaser of his Howell Mountain lot last year ended up becoming a neighboring vintner the following year. Apparently he liked the wine.

This year, the Stotesbery's live auction lot, Lot 23, includes a three liter bottle of 2003 Howell Mountain Cabernet, another three liter of the lustier, bigger Lone Canyon Cabernet, as well as a vertical ensemble of Ladera Vineyards Lone Canyon Vineyard Cabernet Sauvignon from 1998, 1999, 2000, 2001 and 2002. Paired with the wine is a six night stay at the Ladera resort in St. Lucia (not owned by the Stotesberys). The resort was recently named the best resort in the Caribbean.

"We were amazed by their generosity," says Stotesbery, of the Ladera resort's contribution to this year's lot.

Stotesbery, who is the head of the Howell Mountain Vintner's Association will also have his wines featured in the Howell Mountain package—several dozen wines from vintners just in that highly regarded region. The Howell Mountain lot is available to bidders online through Auction Napa Valley's e-auction.

Ladera, which was purchased by the Stotesbery family in 2000, is one of the oldest wineries in Napa valley, built in 1886, and considered one of the "ghost wineries" of the region, as it went silent during Prohibition and was long abandoned. The winery building has been restored by the family, and continues to use gravity flow winemaking—allowing the wine to flow naturally from elevated tanks into barrels—through three stories.

Ladera produces about 5,000 cases annually, and the wines, primarily Cabernet Sauvignon, are highly sought out by collectors and enthusiasts.

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