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News
Records tumble at Cape Winemakers auction
Record results were achieved at the 32nd Cape Winemakers Guild auction at the weekend with sales exceeding 13.8 million rand (£788,900).
Fifty-two wines – 34 red, 15 white, three sparkling, a fortified wine and a brandy – totaling over 2,000 cases were sold at Spier Winery in Stellenbosch over the weekend (1-2 October).
With a total of 13.8m rand (R) the sale outstripped last year’s auction by almost R2m.
The second year in a row the highest price paid was for six packs of Kanonkop CWG Paul Sauer 2013, which fetched R13,400 apiece – a record for South African red at the auction.
Similarly there were records for white in the shape of R9,400 paid for a case of Jordan Chardonnay Auction Selection 2015 and for sparkling with Silverthorn Wines Big Dog II Méthode Cap Classique 2011 making R7,000 a case.
More top prices were paid for Boekenhoutskloof Syrah (R11,400), Beyerskloof Pinotage (R11,000), Kaapzicht Chenin Blanc (R6,400) and Paul Cluver Chardonnay (R5,800).
Most of the wines – 84% – were bought by local buyers. For the third consecutive year the biggest buyer was the Tsogo Sun hotel group with total purchases of R2.6m.
Other top buyers included The Butcher Shop & Grill, Singita, Crown Wine Cellars in Hong Kong, Restaurant Mosaic, Kobo Safaris and Signature Restaurant.
Outside buyers comprised 16% of the total, around the same as last year with most coming from the UK, Hong Kong, Denmark, Luxembourg, Belgium, Germany, the Netherlands and France as well as some from Dubai, Brazil and the US.
“The record auction gives recognition to the quality of our top tier wines crafted in small volumes and shows that South African wines are deserving of the same high prices achieved by wines of comparative quality around the world. Our auction wines represent all the top growing wine regions in South Africa and show great diversity of style,” said Miles Mossop, chairman of the Cape Winemakers Guild.
“We have been able to plough back into the industry by raising over R1,95 million at various events this year for the development of talented young winemakers and viticulturists through the Nedbank Cape Winemakers Guild Development Trust and our Protégé Programme.”