UNITED STATES SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

       Date of Report (Date of earliest event reported): November 2, 2006
                               (October 13, 2006)


                          ATLANTIC WINE AGENCIES, INC.
             (Exact name of registrant as specified in its charter)


          Florida               Atlantic Wine Agencies Inc.      65-1102237
                                Golden Cross House
                                8 Duncannon Street
                                London
                                WC2N 4JF
                                United Kingdom

(State or other jurisdiction       (Address of Principal      (I.R.S. Employer
    of incorporation or              Executive Offices)      Identification No.)
       organization)




Registrant's telephone number, including area code: 011 44 20 7484 5005

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Item 8.01 Other Events

On October 13, 2006, Atlantic Wine Agencies, Inc. entered into an agreement with
Auction  Alliance,  the South  African  auction  firm,  to sell its Myrtle Grove
Property and Estates, subject to the minimum reserve being met. Assets including
land,  vineyards,  winery  equipment  and stock will be  included in the auction
sale.  Our  management  has  concluded  that (i)  after  expending  considerable
resources and efforts in developing  its business and building  world class wine
brands from South  Africa,  significantly  more  capital is necessary to further
grow the  business  which  the  Company  is unable to  procure  on  commercially
acceptable  terms,  (ii) The ZAR  (South  African  Rand) has shown  considerable
volatility related to uncertainty regarding future political situation and (iii)
the best time to  maximize  our South  African  property  and  operations  is by
selling  through the public auction process locally in South Africa prior to the
growing season in the southern hemisphere.  We anticipate the auction to be held
on November 24, 2006 and the sale to close within 60 days of that date. When the
sale has been completed,  we will seek to use the proceeds from such sale, after
satisfying  our  current  liabilities,  to  develop  or  acquire a  business  or
businesses  which will we believe will best serve the long term interests of our
shareholders. Such businesses may or may not be related to the wine industry.




SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

Atlantic Wine Agencies, Inc.

Date: November 2, 2006

/s/ Adam Mauerberger
-------------------------------
Mr. Adam Mauerberger,
President