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Buffalo Trace NFTs raise $280,000 for charity
Sazerac-owned Buffalo Trace Distillery has sold five Old Fashioned Copper Vintage Bourbon whiskey NFTs at auction, raising US$280,000 for charity.
By Alice Brooker
The six-litre OFC Vintage Bourbon Whiskeys, distilled in 1982, and their accompanying NFTs were sold on Blockbar, a digital marketplace for wines and spirits. The sale was part of the distillery’s mission to raise US$2 million for charity by donating 2,022 bottles of whiskey to fundraising causes.
The auction, which was Blockbar’s first, concluded on 18 March. The proceeds will be distributed between five charities.
”We are humbled by the result of our first NFT and being able to contribute to such well-deserving charities,” said Sara Saunders, vice-president, Bourbon, Buffalo Trace Distillery.
The highest bid was US$60,000, which Buffalo Trace believes to be a record for the most valuable sale of a Bourbon NFT.
The NFTs will be available to be redeemed by 31 December 2022. The tokens include an exclusive invitation to the Buffalo Trace Distillery in Frankfort, Kentucky, for a private tour and tasting experience. Among the bottlings available for tasting will be a number of vintages from the OFC series.
“Buffalo Trace is one of the most celebrated and awarded distilleries in the world and we were so excited to partner with them for our first auction,” said Dov Falic, CEO and co-founder of Blockbar.
“The sales raised over a quarter of a million US dollars and proceeds benefited five global charities including World Central Kitchen, which has been supplying hot meals to thousands of Ukrainian refugees.”
Other charities receiving funds from the sale are: The James Beard Foundation, committed to supporting independent restaurants; Elton John Aids Foundation, a global HIV charity funding prevention and care; The Art of Elysium, an organisation built upon linking service with art for social change; and 261 Fearless, a non-profit group dedicated to encouraging women uniting through running.
Falic added: “It’s a fantastic privilege to be able to raise money for such a worthy collection of causes and we look forward to our next drop with Buffalo Trace.”