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The Secrets of Raising $12 Million in Five HoursBy: Fred KatzWinefest auctioneers reveal their secrets for pumping up the Naples crowd--and the prices. |
It is close to the mid-point of the
2006 naples Winter Wine Festival Auction. Humphrey Butler stands at the auctioneer’s podium inside the big tent, trying to make dollars and sense out of the riotous scene all around him. Wild music pulsates from multiple speakers. Balloons and streamers bob and wave, competing for attention with the guests’ festive party clothes. Very fine wine flows freely. Well, not exactly "freely," since the ticket of admission is $7,500 per couple, which entitles the bearers to bid an average of $170,000 on any of the 70 auction lots. And bid they do—raucously, competitively, joyfully—until someone finally bids adieu to a very large check. As the party rock ’n’ rolls merrily along, only one real question remains: Which will the crowd raise higher—the ante or the roof?Auctioneer Butler calls everyone’s attention to Lot No. 28. It is a 2006 Bentley Continental Flying Spur, retail value $190,000. There is a long waiting list at the factory for the prized automobile, but the organizers’ connections and charitable cause have helped them jump to the front. "I don’t suppose there would be any interest at $100,000, would there?" Butler says, teasing the crowd. Instantly, he is assaulted by the frantic waving of hundreds of bidding paddles. Butler’s tongue-in-cheek humor and outrageously low opening price have achieved his goal of getting everyone involved in the action. Now he uses speed to cull out the pretenders. He barks out increments of $10,000, barely pausing for breath until he’s at $300,000. Most of the paddles fade away.
By $400,000, there are just two players, and the game changes again. It’s time to coax, gently. "Can you bring us another $10,000, just for me?" Butler says. Finally, at $440,000, he issues a firm warning to the underbidder. "You’ve brought it a long way," he says, "but this is your last chance. This time you
are going to lose it. I don’t want any tears tomorrow. No regrets." Butler waits for one more flash of the paddle. It doesn’t come. THWACK! The bidding is over. The hammer detonates a frenzied celebration at the winner’s table: Kisses. Hugs. Backslaps. Dancing. Champagne. Photographers. A couple has just paid $440,000 for a $190,000 automobile; it will always be one of the happiest moments of their lives.Welcome to one of the world’s most successful charity wine events, to which the 550 patrons long ago secured tickets for this year’s three-day festival (Jan. 26–28). Celebrity chefs, including Emeril Lagasse and Wolfgang Puck, will team with internationally renowned vintners to help celebrate the ultimate in food and drink on a carousel of luncheons, dinners and wine-tastings. It will all culminate on the third day, on the grounds of the Ritz-Carlton Golf Resort, Naples, when Butler and his partner for the afternoon, Ann Colgin, greet the guests at the seventh annual Wine Festival Auction. By the end of the day—in roughly five hours—they likely will exceed the record $12.2 million they helped raise in 2006. And when that happens, more than $50 million overall will have been brought in for the benefit of Collier County underprivileged and at-risk children, through the Naples Children and Education Foundation (NCEF). Everyone involved will have performed a modern-day miracle of biblical proportions. They will have turned wine into milk.
The 18 philanthropic individuals who joined together to create the festival virtually ensured its success by engaging Butler and Colgin to conduct the auction. The pair combine charm and quick wit with skills and knowledge acquired from years of experience at the pinnacle of the auction and wine industries. Butler, from the U.K., was with Christie’s and then Sotheby’s for more than 20 years, serving as a director at both firms. He continues to conduct auctions worldwide while managing his own jewelry firm in London. Colgin also owns her own business. She founded Colgin Cellars in St. Helena, Calif., in 1992, and in a relatively short time has created a demand for her five handcrafted, distinctive wines that is almost unprecedented in the industry. Because of both the quality of her product and her years of service in Naples and at other charity auctions, the festival has named her its 2007 Honored Vintner.
Both Butler and Colgin easily understand why someone in the heat of competition would be willing to pay two or three times the intrinsic or retail value of an item. In fact, it’s their job as auctioneers to encourage this largesse—all for the good of the children, of course. "The lots that do the best are things that people can’t go out and reproduce on their own, so there really is no market price on them," says Colgin. "And the reason Naples is so exciting is because of the generosity of the bidders. They
want to come and spend their money. They go there with the intent that they are going to write a big check to charity, and what they win that day kind of just adds to the fun of it all."Anyone who wants to write a really big check this year will have splendid opportunities. Some of the more dazzling lots include ownership of the first new 2007 Rolls-Royce convertible to be delivered to the United States; a nine-day privately guided safari in northern Tanzania for three couples; a 15-day cruise to Antarctica for two couples, staying in the owner’s suite aboard Abercrombie & Kent’s
Explorer II; a rare, almost mythical, three-liter bottle of a 1947 Chateau Cheval Blanc; a 2007 Vintners Magnum Lot that features a signed-label l.5-liter wine from each of the 33 vintners participating in this year’s festival. And Colgin herself is donating a package she calls Hollywood And Wine: The very first horizontal (same vintage) offering of Colgin Cellars 2002 Tychson Hill cabernet sauvignon, coupled with a walk-on role on ABC-TV’s Grey’s Anatomy.One of the many secrets behind the success of the wine fest auction is the order in which the 70 lots are arranged in the catalogue. "There is definitely an art to it," says Colgin. "You start with a really great item, which immediately sets the tone for the day and creates excitement. And then you establish an ebb and flow—building back up to another big lot in the middle and saving one last one for a great finish. You can’t put all your big lots at the end, because if somebody has been waiting for one of those and it goes by like a freight train, he or she won’t have much of a chance for anything else."
Butler and Colgin confer mainly by e-mail in the weeks leading up to the auction, deciding which lots each auctioneer will handle. They will take turns doing seven lots at a time. "You really can’t do more than that," says Butler, "because the energy level is so high, and you want to make sure you can keep your voice going. It helps to have water handy at the podium, and of course a supply of good wine."
Two days before the auction, they meet in Naples and review all elements of the physical setup in the tent. "The audio and visual people are absolutely key," says Colgin. "We have giant video screens set up that show the various lots, and the music has to be coordinated with that. Then, by turning the cameras on the bidders, people can look up at the screens and see who their competition is. And we also have to make sure that the lights are set up so that they’re not shining in our eyes; otherwise, we won’t be able to see the bidders."
With paddles popping up in all directions, the auctioneers sometimes need more than their own eyes to find out where the action is. That’s where trained spotters come in. "We use 10 or so and intersperse them around the tent, particularly in areas that might be unusually light or dark," says Colgin. "I give them a pompon or a flashlight, and I tell them to be aggressive in getting our attention. Sometimes they even have to call out to us. You have to be careful in this kind of environment not to give too fast a hammer to anyone."
During the entire proceedings, the auctioneers’ challenges are similar to that of an orchestra conductor’s: First, establish tempo. "Speed is crucial. You have to keep things moving along," says Butler. "Three minutes or so is about the average length of the bidding." Second, vary the volume. "You cannot conduct all 35 lots that you’re responsible for at the highest decibel level, and you’ve got to change the tone of your delivery. But you also have to make sure you’re making more noise than the audience," he says. Third, and most important, maintain control of the players. "You’ve
got to be in charge," he emphasizes. "That is vital. But in Naples, with its carnival atmosphere, it’s not easy."A lot of the big players know each other and will put their tables together and egg each other on. As a result, there is a lot of interplay and noise. It can be confusing at times, and you have to rein people in to get them to listen to
you. But as long as you keep it light, everyone still enjoys it."Perhaps the trickiest part of the auctioneer’s job is knowing when to bring down the hammer. "The tell-tale signs are different with every bidder," says Colgin. "Frequently you’ll end up where a husband or wife wants to keep going and the other doesn’t, and one of them will grab the paddle. I give them extra time to make sure they both really want it. There is such a thing as buyer’s remorse, even at a charity auction, and I want to avoid that."
Are there times when Colgin and Butler feel they could have pushed a little harder and gotten a higher price? The answer is a qualified yes. "One of the dangers inherent in a great success like Naples is that you can lose your sense of perspective," says Butler. "You find yourself struggling at $15 or $20 thousand on some lot and you suddenly want to grab yourself by the scruff of the neck and say, ‘Hold on a second—$15 or $20 thousand is a helluva lot of dough!’ It’s probably more than the lot’s worth anyway, and people have been fantastically generous in bidding that amount. But yes, Ann and I can go through a catalogue at the end of a sale and, with the benefit of our great friend Hindsight, say, ‘Aw, I wish we’d gone a bit stronger on that; that was a good buy.’ On the other hand, there’s
nothing in Naples that’s real cheap!"





















