Over The Barrel | South Africa

Over The Barrel | South African wine auction exceeds R8 million

At the record-breaking 29th Nedbank Cape Winemakers Guild Auction in South Africa, the biggest foreign buyer was the United Kingdom.

Over The Barrel | South Africa


At the recent 29th Nedbank Cape Winemakers Guild Auction held at Spier Wine Estate in the Stellenbosch Winelands this past weekend, the highest sales ever were recorded, exceeding R8  million.

Each year the Nedbank Cape Winemakers Guild Auction showcases the finest and most exclusive wines produced by its members. These rare wines are of a limited edition and are produced in small volumes exclusively for this auction.

Strict controls are put in place to ensure wines are distinct from those offered under the winemakers’ regular labels.

Known as South Africa’s premier wine auction it showed this year with record sales totalling R8 401 400, up  nearly 50% on the 2012 CWG Auction with a total of R5,7 million. A new record was also set for the highest price per case of R6 200 achieved by the Hartenberg Auction Reserve Shiraz 2010.

The auction attracted 163 buyers this year, 145 local and 18 foreign, the biggest ever. The auction was conducted by Henré Hablutzel of Hofmeyr Mills Auctioneers for the 16th consecutive year.

A total of 3 218 cases were sold, averaging R2 609 per case and/or R435 per bottle. The line-up consisted of 58 wines with 35 reds, 18 whites, two MCCs, a pudding wine, a port and a pot still brandy. The biggest foreign buyers were the United Kingdom with R474 200, Denmark second with R297 200, and Belgium third at R225 200.

 Three bottles

The 10 top selling wines based on an average price per case of 6 bottles were:

Etienne le Riche Cabernet Sauvignon Auction Reserve 2010

R5 255

Teddy Hall Eva (Krotoa) Chenin Blanc Noble Late Harvest 2012

R5 210

Boekenhoutskloof Syrah Auction Reserve 2011

R5 126

Neil Ellis Auction Reserve Pinotage 2011

R4 910

Kanonkop CWG Paul Sauer 2010

R4 780

Beyerskloof Traildust Pinotage 2011

R4 540

Ernie Els CWG 2011

R4 128

Hartenberg Auction Reserve Shiraz 2010

R4 015

Cederberg Teen die Hoog Shiraz 2011

R3 953

Boplaas, Ox Wagon 1880 Auction Reserve Potstill Brandy, 8 Year Old

R3 708

“The overall growth and increase in the average price per bottle by 14,5% is testimony to the high quality standards of our auction wines, as endorsed by the excellent reviews by both local and international wine commentators prior to the auction,” said an elated Jeff Grier, Chairman of the Cape Winemaker’s Guild.

“The Guild has become a reputable brand in the South African wine industry and our contribution to the industry as a whole 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.

This was truly a great day for South African wines in that the prices secured, just emphasised the point that the top end of SA wines has great value. Something that UK consumers should really consider when buying wines based purely on price!

It is though unfortunate that some of the wines auctioned won’t be readily available in the UK for the foreseeable future.

Watch this space. Hopefully we might be able to get our hands on a bottle or two…..

Two Bottles