MICHAEL FRIDJHON: Demand expected to be high at exclusive Cape Winemakers Guild Auction
Sales so far show no sign of recession in the rare wine trade
With the 43rd Nederburg sale done and dusted and the Cape Winemakers Guild Auction scheduled for September 30, wine auction season is now in full swing. Judging from the results of Nederburg (over R6m in turnover, from under 1,000 12-bottle case equivalents on offer, and no unsold lots) the recession has not eaten too significantly into the disposable income of those who like to shop in the rare wine trade. It will be interesting to see what happens to the pricing of the Guild wines, where volumes are up on 2016, an upbeat reflection on the rising credibility of the Guild Auction brand. Total volumes on the sale in 2016 were 1,214 12-bottle case equivalents compared with 1,481 in 2017. The average bottle price in 2016 was R950.