Head online for the CWG auction and help winemakers fill those barrels
Funds raised from the separate Vinotheque Auction will be placed in trust to help producers stay afloat
The Year of the Plague has not been kind to conventional wine auctions. Most of the major international sales went virtual, some successfully. In August, Christie’s New York offered the cellar of a famous collector, completing the $2.3m (about R38,3m) sale entirely online and showing a 200% improvement on the top presale estimates. Other houses have evolved a kind of hybrid format. Strauss & Company’s wine sale a few months back did surprisingly well.
The important national wine auctions are normally concentrated around this time of the year. Covid-19 has ensured only one will take place in 2020 — the Nedbank Cape Winemakers Guild (CWG) selection of its specially assembled bottlings. London auction house Bonhams will be conducting it, in an online format, which includes live bidding and commission bids. The main sale takes place on October 3, at midday London time.
The guild auction started life in Johannesburg in 1985, under the auspices of Sotheby’s. Sometime in the 1990s, after Nedbank took over the headline sponsorship, the sale moved to the Cape and a trust was set up, with a specific brief to effect transformation within wine communities...