The Lamastus Family Estate in Panama has shattered records with the highest price ever paid for coffee at its recent auction hosted by M-Cultivo. The top lot, an Elida Geisha Honey Aguacatillo, fetched an astonishing US$13,518 per kilogram, purchased by Korea’s Cupping Post.
The auction featured a three-kilogram lot of this rare coffee, grown within a national park, contributing to a total sales value of US$274,504 across 25 lots. The average price per kilogram reached US$401.91, with the lowest lot priced at US$175. Notably, two lots exceeded valuations of $1,000 per kilogram.
The Lamastus Family Estate has been cultivating coffee in Elida for four generations, gaining international acclaim for its award-winning Panama Geisha coffees since its establishment in 1918.
“People around the world appreciate quality, and as coffee farmers for 106 years, we are dedicated to that excellence,” said Wilford Lamastus Senior, a representative of the estate. “The willingness to pay high prices and break our own records speaks volumes about the exceptional quality of our unique Aguacatillo lot. Our entire team is honored and thrilled by the appreciation from Cupping Post and all the other bidders. It truly means the world to us.”
Tommy Lee from Cupping Post expressed his enthusiasm for the coffee’s quality, stating, “Aguacatillo is, without a doubt, the most remarkable coffee I’ve ever tasted in my life. It embodies the pinnacle of high-end coffee. If I were to give a coffee a perfect score of 100, it would undoubtedly be for this one.”
M-Cultivo, the auction host and a coffee supply chain company, recognized the significance of this record-breaking event as a positive indication for the coffee industry. “We’re honored to support the Lamastus Family Estates as they continue to innovate and break records within the specialty coffee industry,” said M-Cultivo CEO David Paprelli. “Creating avenues for producers to achieve success year after year is at the heart of M-Cultivo’s mission.”
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