Best of Panama releases record-breaking auction results
This article is a summary of reporting by Global Coffee Report. Originally published September 4, 2023.
The 2023 Best of Panama auction set a new landmark by surpassing $1 million in total sales, driven by an unprecedented top bid of US$10,005 per kilogram for Carmen Estates' washed Geisha lot. The 25-kilogram lot, which achieved 96.5 points with notes of jasmine, lemongrass, and sweet orange, broke the competition's previous all-time price record. Organized by the Specialty Coffee Association of Panama, the auction generated a total value of US$1,085,275 with an average price of US$868.22 per kilogram across 50 showcased lots.
AI Summary
Carmen Estates sold a washed Geisha lot for a record US$10,005 per kilogram at the 2023 Best of Panama auction.
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