Cape Fine & Rare Wine Auction 2019 sales figures
By Christian Eedes, 21 October 2019
Total sales at this year’s Cape Fine & Rare Wine Auction (formerly known as the Nederburg Auction) were R2.62 million for just under 3 000 litres of wine (124 items) compared to just over R5.26 million for some 6 700 litres (107 items) at the old-format event last year – the average price per 750ml bottle at R660, compared to R590 in 2018.
The top buyers at this year’s auction were Tsogo Sun (20.1%), Singita (10.8%), Big Five Duty Free (7.4%) and the Spar Group (2.8%). In terms of country, South Africa accounted for 95% of all wines sold compared to 76% the year before.
For an opinion piece on the auction by Tim James, click here.