GAUCHO GROUP HOLDINGS ANNOUNCES
FIRST VINEYARD ESTATE LOT SALE IN CRYPTOCURRENCY
Luxury Real Estate Development
Expands Diversification Opportunity for Global Investors
NEW YORK, NY / November 9, 2021
/ InvestorsHub NewsWire
-- Gaucho Group Holdings,
Inc. (NASDAQ:VINO),
a company that includes a growing collection of e-commerce
platforms with a concentration on fine wines, luxury real estate,
and leather goods & accessories, today announced its luxury
residential vineyard real estate project, Algodon Wine Estates, had
completed its first lot sale utilizing cryptocurrency.
Cryptocurrencies,
decentralized digital
currencies void of
a central
bank or
single administrator, can be transferred from user to user on
the peer-to-peer
cryptocurrency network without
the need for any intermediaries. Transactions are verified by
network nodes through cryptography,
and recorded in a public distributed
ledger called
a blockchain.
"This is an exciting development at Algodon Wine Estates,"
said Scott Mathis, CEO & Chairman of Gaucho Group Holdings.
"The acceptance of digital currency as a medium of exchange
continues to gather momentum as, among other causes, investors
across the globe witness the impact of central bank actions on
currency valuations and as a result are seeking alternative stores
of value. At the same time, investors are beginning to recognize
the opportunity for diversification that luxury real estate in
Argentina presents.
"This cryptocurrency-based transaction represents the first
of what we believe could be many more such transactions as some
cryptocurrency holders look to deploy some of their holdings into
various hard assets around the world. As the world continues to
emerge from the pandemic, we have expected to see a resurgence in
interest from traditional investors and luxury buyers in Algodon
Wine Estates. The addition of investors utilizing cryptocurrency as
a medium of exchange could expand that investor base significantly,
to the benefit of Gaucho Holdings."
Global investors also have a unique opportunity at Algodon
Wine Estates, where in addition to luxury vineyard ownership,
investors can access a combination of world class wine, wellness,
culinary and sports destinations. Gaucho Holdings recently
completed its first water well, and has begun drilling a second
well, in what the company ultimately believes may potentially add
up to six additional wells, significantly enhancing the appeal and
ultimately the value of plots at the Estates.
Algodon Wine Estates is a
4,138 acre (1,675 ha) world-class wine, wellness, culinary and
sport resort, and luxury real estate development, located in the
rolling hills of the Sierra Pintada Mountains in San Rafael,
Mendoza, Argentina. This wine and golf community is surrounded by
the natural beauty of vineyards, which are responsible for
producing the wines of Algodon Fine Wines, as well as a boutique
hotel, and amenities such as a nine-hole golf course (with an
additional nine holes forthcoming), grand slam style tennis courts,
a year-round restaurant serving traditional Argentine cuisine, and
other services. More than 100 vineyard lots overlook the golf
course, and the wines cultivated at the estate have garnered
multiple awards from international tasting competitions.
About Gaucho Group Holdings, Inc.
For more than
ten years, Gaucho Group Holdings, Inc.'s (gauchoholdings.com)
mission has been to source and develop opportunities in Argentina's
undervalued luxury real estate and consumer marketplace. Our
company has positioned itself to take advantage of the continued
and fast growth of global e-commerce across multiple market
sectors, with the goal of becoming a leader in diversified luxury
goods and experiences in sought after lifestyle industries and
retail landscapes. With a concentration on fine wines
(algodonfinewines.com & algodonwines.com.ar),
hospitality (algodonhotels.com),
and luxury real estate (algodonwineestates.com)
associated with our proprietary Algodon brand, as well as the
leather goods, ready-to-wear and accessories of the fashion brand
Gaucho - Buenos Aires™ (gauchobuenosaires.com),
these are the luxury brands in which Argentina finds its
contemporary expression.
Cautionary Note Regarding Forward-Looking
Statements
This press
release contains forward-looking statements within the meaning of
the "safe harbor" provisions of the Private Securities Litigation
Reform Act of 1995. Statements other than statements of historical
facts included in this press release may constitute forward-looking
statements and are not guarantees of future performance, condition
or results and involve a number of risks and uncertainties. Actual
results may differ materially from those in the forward-looking
statements as a result of a number of factors, including those
described from time to time in our filings with the Securities and
Exchange Commission and elsewhere. The Company undertakes no duty
to update any forward-looking statement made herein. All
forward-looking statements speak only as of the date of this press
release.
Media Relations:
Gaucho Group
Holdings, Inc.
Rick Stear
Director of Marketing
212.739.7669
rstear@gauchoholdings.com
Investor Relations:
John
McNamara
917.658.2602
john@tradigitalir.com