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Nederburg auction prices

Nederburg auction prices
 
2009-09-17


IN a year that marks the 35th year of the Nederburg Auction and the 350th year of South African winemaking, overall income at the 35th Nederburg Auction in Paarl on Saturday was just over R4 million, compared with last year’s R4,79 million.

According to auction organisers, considering the present economic conditions and highly competitive trading environment in the South African and international wine market, the overall result, (approximately 16% less than last year), exceeded expectations.

The MD of Distell, Jan Scannell, expressed his satisfaction with the results of the auction, stressing the fact that the Nederburg Auction is a showcase of South Africa’s finest rare wines and shows the trust that buyers have in the selection of wines presented.

Overall a slight downward trend on average prices was evident across all categories, although results fetched in the fortified wine and port categories showed some growth.

Three supermarket groups have dominated the portfolio of buyers across the top 15 category, taking 38% of the sales directly to the consumers.

The combined purchases of the Spar Group place them in the overall first position with total purchases of R573 770, closely followed by Makro with R544 880 and Checkers with R410 850.

Five international buyers were re-sponsible for 25% of total sales. This included C.A. Sales & Distribution from Botswana, the Tesco Wine Club from the UK, Amka Vinimport from Denmark, Woermann Brock from Namibia and Juric Imports from Zambia.

Three hotel groups were next in line taking more than R270 000 of wine into the hospitality business. They were Sun International, the new Taj Hotel in Cape Town and Singita Game Reserve.

Comparing average prices to last year, the nine-litre case price this year was R1 099, compared to R1 270 in 2008.

The average price paid for a dry white wine was R842 per nine-litre case, with the top price paid for two wines - Jordan Nine Yards Chardonnay 2006 and Vergelegen White 2005 - at R250 a bottle.

The second highest price for port was R5 500 for the rare Nederburg Reserve Port 1964 and the KWV 1949 Port fetched R3 600 (six bottles). The average price of port per nine-litre case was R1 890.

The highest price paid for a Noble Late Harvest wine was R3 500 for 12x375ml of Nederburg Edelkeur 1979. Other top prices went to Nederburg Eminence 1991 and Lord Neethling Weisser Riesling Noble Late Harvest 2004.




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