The 42nd annual Nederburg Action showed that the appreciation of aged, fine South African wine is continuing on its upward trend. This year’s auction saw record prices and an unprecedented R740 per litre price average.
‘It is a clear endorsement from buyers worldwide,’ explained Auction Manager, Dalene Steyn, ‘indicating that a strong appetite exists for fine, mature South African wines.’
From the results, we see that red wine was the top performer and showed a 50% increase in the average price per litre to R961/l.
South African buyers made up two thirds of last weekend’s wine purchases but international involvement continues to grow, says Steyn, ‘with 3% more successful bids by international buyers, totalling 18%.’
Tim Atkin, 2016’s keynote speaker, said that he had never felt more positive about the quality of South African wine. ‘The 2015 vintage is part of the reason why – but so are the improvements I’ve seen first-hand in the vineyards and cellars of the Cape over the last 26 years,’ Atkin explained, ‘There has never been so much great South African wine available. And increasingly, these are wines with a true sense of terroir.’
Roland Peens, Director of Wine Cellar, formed part of the selection panel for this year’s auction. He also played an active role in the auction itself – both as the Charity Auctioneer and a buyer. Roland was successful in his bid for some gems that will be available at Winecellar.co.za in a few weeks, including Lanzerac Cabernet Sauvignon 1968 and De Wetshof Chardonnay 1993 – two icon South African wines.
Steyn recapped on the purpose of the Nederburg Auction by saying how all those involved in the auction are trying to ‘build South Africa’s wine heroes of the future while protecting the best of [South Africa’s] winemaking past.’
See the full 2016 Nederburg Auction results here.