Wine auction rakes in record prices

2012-10-08 00:00

BRISK bidding at a rate of R1 million per hour at the 28th Nedbank Cape Winemakers Guild Auction held at Spier in Stellenbosch on Saturday saw the auction’s highest turnover yet at R5 739 000, up by over R450 000 or 8,6% on 2011, despite there being 431 fewer cases on sale this year.

The auction’s success was attributed to the high quality of the wines on offer.

These are all crafted exclusively for the auction by guild members and “represent the pinnacle of what can be achieved in South African winemaking”, said Louis Strydom, chairperson of the guild.

“Unusual grape varieties such as Nebbiolo and Cinsault, as well as stylistic differences within categories such as Chardonnay and Cabernet Sauvignon, created a lot of interest. We were also delighted by the increase in local buyers.”

The auction attracted 148 buyers, including 14 foreign bidders, and, for the first time, 14 online buyers. In total, 2 517 cases were sold at an average price of R2 281 per six-bottle case.

The lineup of 52 wines included 38 red wines, 10 white wines, two Méthode Cap Classiques, one dessert wine and a port.

Alan Pick of The Butcher Shop and Grill in Sandton was the biggest spender at just over R1million. Belgium headed the list of foreign buyers on R266 800, followed by Namibia, Denmark and the United Kingdom.

The top red wines were Kanonkop CWG Paul Sauer 2007 (with an average price per case of R3 760), Rust en Vrede Cabernet Sauvignon 2009 (R3 548) and Kanonkop CWG Paul Sauer 2009 (R3 485).

The top white wines were Jordan Chardonnay Auction Reserve 2011 (R2 353), Chamonix Chardonnay Auction Reserve 2011 (R2 044) and Cape Point Vineyards Auction Reserve White 2011 (R2 014). The best performing Méthode Cap Classique, Graham Beck Non Plus Ultra Cap Classique 2008, sold at an average price per case of R1 630. The only dessert wine on auction this year, the Teddy Hall Eva (Krotoa) Muscat de Frontignan Noble Late Harvest 2009, averaged R1 113 per case of six 375ml bottles, while the only fortified wine, the Carel Nel Cape Vintage Auction Reserve 2010, achieved an average price per case of R1 353.

The charity auction raised R182 100 in aid of the Cape Winemaker’s Guild Protégé Programme, a mentorship initiative for young wine makers.

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