Sunday 21 July 2019

‘Extraordinary result’ as records tumble at 2019 Barossa Wine Auction

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The average price per lot for the Barossa Wine Auction held at Lambert Estate yesterday was $6,775 – a new record for the event which was first held in 1965.

The cumulative total sales from the live auction equated to $243,901 inclusive of buyer’s premium, with a 100 percent clearance rate for the live auction.

Presented by Barossa Grape & Wine Association and supported by Langton’s Fine Wines, the live auction hosted by Fabulous Ladies Wine Society founder Jane Thomson saw 35 lots from the Barossa’s most prestigious wineries auctioned by Langton’s head of auctions, Tamara Grischy and Baron of Barossa, Andrew Caillard MW.

The 35 lots which included a number of highly-regarded and rare vertical collections set many records after sales to both local and absentee bidders.

For the second time, wine lovers the world over could experience the electricity of a live auction with the event live-streamed globally through barossawine.com and @Barossawine Facebook live streaming page. These viewers included a group of wine investors watching from the satellite lunch in Angaston.

There were 350 people in the room and 40 percent of registered bidders were female, well above average participation rates in other auctions.

Highlights include the sale of Bin 60A Cabernet Shiraz 1962 750ml which sold at three times the estimated sale price, achieving $21,552 (including buyer’s premium). The 6.0L Imperial bottle of Penfolds Grange Shiraz 2013 sold for $58,250 to a bidder in Barossa for the auction, from Beijing.

Langmeil Freedom Shiraz 12 Bottle Vertical Collection ‘The Best of the Best’ sold for three times its catalogue estimate at $6,291 (including buyer’s premium).

Pewsey Vale The Contours Six Bottle Vertical Collection plus Contours Vineyard Tour sold for $5,242 (including buyer’s premium) which equates to $874 per bottle, an Australian auction record for Riesling.

Tamara Grischy said, “What an extraordinary result. Barossa as a region again showed its strength in the secondary market to capture collectors’ interest and bidding activity from all around the world, delivering some spectacular price results. The great vibe in the room added to the excitement of the live auction which we so rarely do now.”

A total $12,000 of the net proceeds of the Barossa Wine Auction has been pledged to the event’s national charity partner, The McGrath Foundation. The remainder of the event’s charitable contributions will be distributed among the local community supporting the delivery of the Barossa Vintage Festival, and local charities Foundation Barossa and Barossa Enterprises.

Andrew Caillard MW said, “Today’s result displayed Barossa’s credentials as a great wine region of the world. Bidders from Australia and overseas participated in this dynamic auction, encouraging and validating the positioning of Barossa wines, in particular Shiraz and Riesling, based on strong 19th century settlement and planting legacy.”

Penfolds winemaker Andrew Baldwin said, “The Penfolds Bin 60A, a collectable must drink wine before you die, achieved a record price of ($18,500). We are over the moon to achieve a price like this and especially in the Barossa, Penfolds’ own backyard.

“We are very excited for the bidder who won the 2013 Grange Imperial. As a wine it is rich and concentrated; as close to perfection as you can get. A great addition to any wine collector’s cellar.”

James March, CEO of the Barossa Grape & Wine Association said, “This year we are delighted to be working with the McGrath Foundation, whose work has been tireless in helping to improve the lives of cancer sufferers and their families throughout the country, and in particular, in rural and regional areas. As we all know, this disease is willfully indiscriminate in its approach, and is no respecter of demographic, age or circumstance.”

The Online Auction is still open for bidding via the Langton’s website until 5 May.

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