South Africa:Nederburg auction down on 2008

21 September, 2009

South Africa: Overall income at the Nederburg Auction in Paarl was down on 2008.

The auction fetched just over R4 million, compared with last year’s R4,79-million - approximately 16% down on 2008. 

Organisers said results still exceeded expectations and cited p
resent economic conditions and highly competitive trading environments in the South African and international wine markets, as limiting factors.

MD of Distell Jan Scannell expressed his satisfaction with the results of the auction.

He reported a slight downward trend on average prices across all categories. But added that results fetched in the fortified wine and port categories showed some growth.

Three supermarket groups 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 placed them in 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 responsible 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.

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.

With the average price for red wine at R1 136 per nine-litre case, a single case of 6 x 375ml bottles of Chateau Libertas 1959 fetched the highest price of R23 000 (R3 833 per half bottle), the highest ever in the history of the auction.

The highest price for the rare Monis Collectors Port Stamp Collection 1948 was R11,000. The highest price paid for a Noble Late Harvest wine was R3 500 for 12 x 375ml of Nederburg Edelkeur 1979.

The average price for fortified wine was R833 per nine-litre case, with the highest price for Weltevrede Rooi Muskadel 1993 at R110 a bottle.

The charity sale on the day raised R208 300 for the beneficiaries. 2009 was the 35th year of the auction.

 





Comment

Christian Davis

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