July Auction Report

(W505)

Oddbins July auction saw over 1,100 lots go under the hammer at the Stonyfell Winery Complex.

As the first post-GST auction to be held in Australia, the sale showed a "steady as she goes" mentality prevail. A good crowd and strong support from absentee bidders ensured any GST jitters were overcome, with prices remaining firm and within the estimates.

Again, shiraz remains the darling of the auction market, with the big two Penfolds Grange and Henschke Hill of Grace commanding the highest prices. Markets for both wines remained strong, particularly for good vintages.

Fox Creek, Turkey Flat, Rosemount Estate, Mountain Blue, Barossa Valley Estate E & E shiraz, and a parcel of 1996 Penfolds Bin 389 cabernet shiraz all attracted favourable bidding.

A small but select parcel of imported wines attracted wide interest and good bidding.

A parcel of Coopers Vintage Ale and Hahn Millennium Ale failed to attract bids, showing that reports of sales in the hundreds of dollars a case are a myth, with many vendors and few if any purchasers. The myth of a market created by brewery marketing departments serves only to defraud the gullible of their money and the creation of a 'south sea bubble' style market matched only by the demise of dot.com stocks.

$
Barossa Valley Estate E & E Black Pepper Shiraz 50
Basedow Shiraz 1992 (double magnum) 210
Ch Xanadu Cabernet Sauvignon 1997 30
Charles Melton Nine Popes Grenache Shiraz 1990 55
Fox Creek JSM Shiraz Cabernet 1996 26
Fox Creek Reserve Shiraz 1996 55
Grant Burge Meshach Shiraz 1990 (magnum) 270
Hardys Eileen Hardy Shiraz 1997 50
Haselgrove H Reserve Shiraz 1996 (double magnum) 220
Henschke Cyril Henschke Cabernet Sauvignon 1987 100
Henschke Hill of Grace  1990 280
1991 220
1992 170
1994 210
Henschke Mount Edelstone 1993 60
1994 58
Leconfield Reserve Coonawarra Cabernet 1990 45
Lindemans St George Coonawarra Cabernet Sauvignon 1980 65
1986 47
Penfolds Bin 389 Cabernet Shiraz 1982 46
Penfolds Bin 707 Cabernet Sauvignon 1969 80
1986 110
1990 120-138
Penfolds Bin 95 Grange 1971 600
1976 320
1990 480
Penfolds Grandfather Port 1945 130
Rockford Basket Press Shiraz 1995 65
Turkey Flat Shiraz 1996 40
Wendouree Shiraz 1988 90
1990 110
1992 80
Wynns Ovens Valley Shiraz 1992 30
Wynns Coonawarra Estate Cabernet Sauvignon 1996 36-38
Grosset Polish Hill Riesling 1998 35
Henschke Cyril Henschke Cabernet Sauvignon 1993 80
Jasper Hill Georgia's Paddock Heathcote Shiraz 1997 72
Moss Wood Cabernet 1989 86
Penfolds Bin 28 Kalmina Shiraz 1970 85
Yarra Yering Dry Red Wine No. 1 1990 82
Ch Haut Bages Liberal 1986 110
Ch Margaux 1976 152
Ch Pichon Lalande 1989 262
Ch d'Yquem 1983 290