Nederburg Auction 2016 sales figures

September 19, 2016
by Christian
in News
with 0 Comments

nederburg_auctionTotal sales were just under R7.6 million for 10 506 litres of wine at this year’s Nederburg Auction – average price per litre equating to R740, an all-time record surpassing the previous high of R597 achieved in 2014.

Tsogo Sun was the top buyer, with a total spend of just over R1 million, followed by retailer SPAR and then luxury safari group Singita. There was an 11% increase in overall participation year-on-year, the result of more private buyers entering the auction, this segment accounting for 22% of sales.

Dry white sold for an average of R443 per litre (or R332.25 per 750ml bottle) and dry red for an average of R894 per litre (or R670.50 per 750ml bottle).

To read the key-note address by Tim Atkin MW entitled “Heritage: Boom or Burden?”, click here.

Tagged , ,

Share this post

Leave a comment

Your email address will not be published. Required fields are marked *

*

SHOP ONLINE
winemag-storm
ADVERTISING
ADVERTISING
HOT AND HAPPENING
AEC v1.0.4
  • August 23, 2017Nedbank Cape Winemakers Guild Auction Showcase
AEC v1.0.4
ADVERTISING
newlstter2 Get the biggest stories of the past fortnight sent directly to your inbox. subscribe
FACEBOOK
TWITTER
ADVERTISING
BE SAFE

Wine magazine was published from October 1993 until September 2011 & now lives on in digital form as Winemag.co.za. We cover everything to do with SA fine wine.

XSLT Plugin by Leo Jiang