Record prices at Winemakers' Guild Auction
2008-10-02
NEW record prices for both red and white wines were set at the 23rd Nedbank Cape Winemakers’ Guild Auction in Cape Town at the weekend with keen bidding from predominantly local and an increasing contingent of international buyers resulting in a turnover just short of R5 million. Marc Kent’s Boekenhoutskloof Syrah Auction Reserve 2005 fetched the highest price of R5 400 for a case of six bottles, while a case of John Loubser’s Steenberg The White Savage 2008 sold for R3 300. “Within the context of the ruling global economic conditions and the past two weeks of political uncertainty in South Africa, the Guild can be proud of the splendid results at this year’s Auction,” said CWG Chairman Philip Costandius. “The results are a re-affirmation of the wine buyers’ faith in the Guild offering. The Guild has once again risen to the occasion.” While the total sales of R4 935 100 were down slightly by 3% on last year’s phenomenal record of R5 085 200, many of the wines from well-known winemakers fetched exceptional prices this year. Lesser known wines generally sold at more pocket friendly prices thereby providing buyers with a wide range or price options. The total number of cases sold this year was 2 520. The average price per case was R1 958 just marginally less than last year with local buyers spending R3 927 600 making up 80% of the total value. Alan Pick of The Butcher Shop & Grill was the biggest spender for the 7th consecutive year with his tally of R1 327 300. The spend by overseas buyers increased to 20% at just over R1 million rand this year. In total, 100 buyers participated in the auction led by Henré Hablutzel of Hofmeyr-Mills Auctioneers, 22 of whom came from overseas. Countries represented at the auction were UK, Canada, Denmark, Hong Kong, Sweden, USA, Russia, the Netherlands, Germany, Switzerland, Namibia and Nigeria. Digging deeper into their pockets, bidders also showed their generosity by raising R109 500 at the Silent Auction and the Charity Auction in aid of the Nedbank CWG Development Trust. Limited edition collections of 1,5 litre bottles of special Guild blended wines raised R28 200 at the Charity Auction.
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