WINE: Records Tumble At Guild Auction
Recent Western Cape Business News
Records tumbled at the 27th Nedbank Cape Winemakers Guild auction held in the Stellenbosch winelands over the weekend, with a record turnover of R5,286 700, a new record price for red wine and overseas sales doubling. Despite the record turnover up by R1,4 million over the previous year and some outstanding prices, the 2011 Auction offered excellent value for money and great diversity.
The highest price per case, a new Auction record of R6 000, was paid by a Belgian buyer for the Boekenhoutskloof Syrah Auction Reserve 2009.
“We got the balance right between the ratio of white and the red wines on offer this year and the great diversity of wines ensured keen bidding and interest from the floor right until the end. There was something for everyone with good value on offer as buyers snatched up wines at competitive prices on the one hand, with the more sought-after collector’s items fetching exceptionally good prices on the other,” said Louis Strydom, Chairman of the Cape Winemakers Guild.
The auction, conducted by Henré Hablutzel of Hofmeyr Mills Auctioneers for the 14th consecutive year, attracted 122 buyers this year including 19 from overseas with a total of 2 955 cases sold at an average price of R1 789 per case equivalent of 6 X 750ml bottles. The lineup of 56 wines included 38 red wines, 13 white wines, 2 Méthode Cap Classiques, a dessert wine, a port and a potstill brandy.
Alan Pick of The Butcher Shop and Grill triumphed for the 10th consecutive year as the biggest spender at R1,3 million. The bulk of the wines, over 70%, was bought by local buyers with a record R1,5 million spent by overseas bidders headed by the United Kingdom with R586 400 this year. Overseas bids came from the United Kingdom, Belgium, Denmark, Germany, Namibia, Czech Republic, Hong Kong, Netherlands and Canada.
In addition to the record breaking red wine, other top selling wines included Kanonkop CWG Pinotage 2009 with an average price per case of R3 843, Hartenberg Estate Auction Shiraz 2009 selling at R3 264, Kanonkop CWG Paul Sauer 2008 at R3 237, Bouchard Finlayson Pinot Noir 2009 at R3 212, Neil Ellis Rodanos 2007 at R3 125 and the Saronsberg Die Erf Grenache 2010 averaging at R2 677.
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