Sponsored by AfrAsia Bank, the auction boasts some fo the Cape’s most coveted wine lots.
All proceeds from the Cape Wine Auction are donated directly to charity organisations, without offset or deduction. Last year, R10.565 million was raised in about three hours, breaking every fundraising record in the country.
Cape Wine Auction Trust trustee, Mike Ratcliffe (pictured) said: “The first two AfrAsia Bank Cape Wine Auctions surpassed all expectations. The trustees realised the responsibility that comes with managing this philanthropic capital and have gone to great lengths to ensure that it is strategically spent, with the end goal of seeing real change in education in our region.”
Benefiting 19 organisations in the Cape Winelands, the likes of Rupert and Rothschild Vignerons, Eben Sadie, Kanonkop, Vilafonté, Hamilton-Russell and Bartinney Wines are some of the prominent winemaking ambassadors that will curate premium wine to oenophiles who comle to the Cape for the auction.
Beneficiaries include: The Anna Foundation, The Click Foundation and Community Keepers. The trust has a mandate to raise funds to support education in the South African Winelands.
The trustees aim to institute a new model of distribution for the proceeds, replacing the previous model where funds were simply allocated equally among individual beneficiaries with greater collaboration amongst the organisations.
“Having familiarised the organisations with each other through workshops, and aligned them towards a common purpose, the hope is to achieve even greater efficiency and impact,” adds Ratcliffe.
“All of the participating wineries know that the future lies in transformation through education and this is their way of helping to make a difference,” said Ratcliffe.