Record-Breaking Best of Panama Auction Lot Sells for $10,013/kg
This article is a summary of reporting by STiR Coffee and Tea Magazine. Originally published August 19, 2024.
The 2024 Best of Panama coffee auction concluded with a record-setting bid of $10,013 per kilogram for an Elida Estate Geisha Natural grown by Lamastus Family Estates. More than 200 international buyers competed over an 11-hour auction, logging over 18,000 bids across available lots. Longtime buyer Saza Coffee from Japan secured the top lot as part of an expenditure exceeding $420,000 across multiple high-scoring Panamanian offerings. Lamastus Family Estates emphasized the significance of dedicated buyers who appreciate the extraordinary craftsmanship behind high-elevation Panamanian coffees.
AI Summary
Lamastus Family Estates' Elida Geisha Natural set a then-record price of $10,013 per kilogram at the 2024 Best of Panama auction.
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