Top buyers on the day were private purchasers. The Cape Fine & Rare Wine Auction occurred at the Rupert Museum in Stellenbosch recently.An uncommon bottle of Grand Constance 1821 reached a
219 200. An uncommon bottle of Grand Constance 1821 reached a record-breaking R420 000 at the current Cape Fine & Rare White wine Auction.The cost was
unaudited and excluding VAT.The bottle is among approximately twelve known to still exist worldwide, from an allotment originally predestined for the Emperor Napoleon Bonaparte. It was gotten by a UK-based customer of auction home Christie’s.
The auction was kept in association with Christie’s and live-streamed from the Rupert Museum in Stellenbosch.The red wines on auction consisted of bottles carefully preserved considering that the 1960s, white wines produced under South Africa’s Old Vine Project, and the highest quality white wines from some of the nation’s most successful vintages– 2009 and 2015. It was the very first time the auction took place as a hybrid event, implying bidders from across the world could put their bids in person or online. At the end of the auction the unaudited overall outcomes
stood at R2 219 200.” Following a year that has actually impacted the South African red wine industry like no other, the Cape Fine & Rare White wine Auction became a beacon of strength, showcasing the solid spirit of the nation’s red wine makers– and the huge favour they carry with red wine enthusiasts globally,”Cape Fine Rare Red wine Auction director Niël Groenewald commented in a statement.” What an incredible experience to honour the quality of South Africa’s red wines at a time when the industry frantically needs it. It has actually never been more important to shine a light on the spirit of South Africa’s white wines, and the Cape Fine & Rare Wine Auction did precisely that. “Mike Ratcliffe, chair of Stellenbosch Wine Routes, stated the auction was an essential market occasion nurturing
a fertile environment for the rise of SA great wines.The unaudited outcomes revealed that just under 2 140 litres of white wine were sold, with an auction rand per bottle of R778 usually for 750ml– an 18 %increase against 2019’s R660. The typical cost per bottle of white wine was R490 for a 750 ml bottle.The best white wine performers were DeMorgenzon Reserve Chardonnay 2016, a David & Nadia Hoë-Steen Mixed Case and DeMorgenzon Divas 2017. For red wines the Cabernet Collective 2009 combined case of 12 landed the gavel at R21 500. The typical cost per bottle for red wines was R804. As for fortified wine, the highest quote received was for Monis Vintage Tawny Port 1990 at R1 000 per bottle. The average for fortified wines was R662 per bottle. In the noble late harvest or sweet wines category, the highest bid received was for the
Nederburg Edelkeur 1999. The average cost acquired on sweet red wines was R1 812 per bottle -not factoring in the Grand Constance 1821. Leading purchasers on the day were personal purchasers. This is in line with global data showing the favorable effect virtual auctions have on the fine wine market, due to the ability to enhance reach from regional to global audiences. This year, 82%of all sales by value went to South African
buyers.Since its creation in 1975, the auction has actually supported humanitarian efforts in the Cape winelands through its network of bidders and customers. This year, more than R130 000 was raised for the Pinotage Youth Academy, concentrated on preparing and establishing youth for meaningful employment in the red wine sector and associated industries. Source