The aim of the festival is to promote and develop winemaking in Armenia, which has centuries-old wine making traditions.
About 4,000 people visited the site over the two days, including foreigners.
The festival takes place on the land of the villa of Khanjyan, a monument of state importance to Armenia.
The building is a sumptuous round mansion built in 1936 for Aghasi Khanjian, one of Armenia's communist leaders. It now stands derelict.