Record sales as Nedbank Cape Winemakers Guild Auction breaks the R11, 9 million mark

>>Record sales as Nedbank Cape Winemakers Guild Auction breaks the R11, 9 million mark

Record sales as Nedbank Cape Winemakers Guild Auction breaks the R11, 9 million mark

Showing its prowess as a showcase of top South African wines, the auction attracted a record number of 178 buyers this year, with sales totalling R11 929 600, 42% up on the 2013 turnover of R8 401 400 million.

Kicking off the auction with the highest bid ever made in the history of the Guild, with R7 000 for the very first wine to go under the hammer, the auction continued its record breaking streak with keen bidding prevailing until the very last item had been sold. Competitive buying saw Tsogo Sun take pole place as this year’s top buyer spending close on R2,47 million. The other top buyers were Alan Pick of the Butcher Shop and Grill on almost R1,9 million, Singita on R469 000, Tedeum Vin Denmark on R450 000 and Restaurant Mosaic on R330 000.

The three red wines that fetched the highest price of R8 600 per case were Boekenhoutskloof Syrah Auction Reserve 2012, Kanonkop CWG Paul Sauer 2011 and Etienne le Riche Cabernet Sauvignon Auction Reserve 2004. The highest price paid for a white wine this year was R5 600 for six bottles of Cape Point Vineyards CWG Reserve White 2013.  The Boplaas Ouma Cloete Straw wine sold for a record price of R7 200 for an equivalent of 6 x 750ml bottles.

“The unprecedented surge in prices this year is testament to the high quality standards of our auction wines and the stature and recognition the Guild enjoys from private wine collectors as well as leading trade buyers. The endorsements of our auction wines from some of the world’s top wine commentators have also been encouraging,” said an elated Andries Burger, Chairman of the Cape Winemaker Guild.

“After 30 years, the Guild auction has come of age as a reputable brand and our contribution to the South African wine industry through our social responsibility programmes and the development of future winemakers and industry leaders, is tangible and contributes to our high standing and credibility,” he added.

The auction, conducted by Henré Hablutzel of Hofmeyr Mills Auctioneers for the 17th consecutive year, attracted 156 local and 22 foreign buyers. In total 2 833 cases (6 x 750ml equivalent) were sold at an average price of R4 210. per case and an average price per bottle of R701.82.

The lineup of 61 wines included 40 red wines, 18 white wines, 1 Méthode Cap Classique, one dessert wine and a potstill brandy.

The bulk of the wines, a remarkable 90%, was snatched up by local buyers with just 10% bought by foreigners despite the favourable exchange rate. Amongst the foreign buyers, the most bids came from Denmark, followed by the United Kingdom and the Netherlands.

The 10 top selling wines based on an average price per case equivalent of 6 x 750ml were the Boekenhoutskloof Syrah Auction Reserve 2012 (R8 060), Kanonkop CWG Paul Sauer 2011 (R8 032), Etienne le Riche Cabernet Sauvignon Auction Reserve 2004 (R8 240), Beyerskloof Traildust Pinotage 2012 (R7 350), Hartenberg Auction Reserve Shiraz 2011 (R6 612), Rust en Vrede CWG Estate 2011 (R6 295), Etienne le Riche Cabernet Sauvignon Auction Reserve 2012 (R6 143), Hartenberg CWG Auction Cabernet Sauvignon 2010 (R6 000),  Ernie Els CWG 2012 (R5 920),and Kanonkop CWG Pinotage 2008 (R5 871).

Over and above the main auction, a record amount of R228 700 was raised on the day in aid of the Cape Winemaker’s Guild Protégé Programme, a mentorship initiative for young, upcoming winemakers and viticulturists. This year’s special item sold at the Charity Auction, a one-of-a-kind 18-litre 2012 Members’ Reserve comprising a blend of top wines from all 45 members of the Guild, was purchased for yet another record breaking price of R80 000.

Press release from The Cape Winemakers Guild

2018-10-05T14:50:42+00:00October 6th, 2014|Categories: Wine|