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S AFRICA: Sales up 20% at Nedbank auction

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Local and international wine buyers paid out a record R3.59m (US$0.55m) for 2,828 (6-bottle) cases of wine at this year's 20th Nedbank Cape Winemakers Guild Auction held at the weekend.

This was up 20% on last year's figure of R2,96m for wines in the ultra-premium auction.

Foreign buyers constituted about 24% of the 130 bidders at the auction, with Tedeum Vin from Denmark again the top international buyer.


Sectors: Wine

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