August Auction Report

(W506)

Response to Oddbins August 30 silent bid auction was the biggest yet, with over 1600 lots of Australian and imported wines on offer.

Demand was very strong, the majority of wines achieving prices in the mid to upper estimates. The use of the internet has seen more international bidders participate in auctions, complemented by an increase in eastern states bidders.

The sale was underpinned by 4 very good cellars, 3 containing a very good cross section of premium Australian wine, the other a selection of classed growth Bordeaux and Burgundy.

Many of these wines were in original carton and or case lots, which attracted strong support from the market.

Grange prices, apart from early vintages, remained stable with high prices for recent vintages remaining steady. Henschke's Hill of Grace competes and offers achieve higher prices from vintages such as 1992, 93 and 94.

Coonawarra wines made a comeback with bidders realising that many of these wines represent good value and provide excellent drinking. A range of wines from Bowen Estate, Hollick and the Lindemans single vineyard wines achieved strong prices.

Fortifieds were in demand as well, but whether this is a reflection of Adelaide's cold winter remains to be seen. However, many of these wines still represent very good value at these prices.

An offering of Tyrrell's Vat 1 Semillon was eagerly snapped up by Asian buyers, suggesting that this wine is seen as uniquely Australian style.

The imported wines maintained a strong showing with good demand for the Burgundies on offer.

Wine Vintage Hammer Price ($)
Bannockburn chardonnay 1988 42
Barossa Valley Estate E & E Black Pepper shiraz 1995 46
Barossa Valley Estate E & E Black Pepper shiraz 1996 62
Basedow Johanne's Barossa shiraz 1996 65
Bowen Estate cabernet sauvignon 1990 42
Brokenwood Graveyard shiraz 1991 85
Cape Mentelle cabernet 1990 56
Ch Reynella Vintage Port 1967 45
Ch Reynella Vintage Port 1968 45
Coriole Lloyd Reserve shiraz 1990 51
D'Arenberg Dead Arm shiraz 1997 51
Fox Creek shiraz 1994 42
Giaconda cabernet blend 1990 90
Hardy's Show Port 1954 46
Henschke Cyril Henschke 1978 130
Henschke Mount Edelstone 1982 120
Karl Seppelt Sparkling Burgundy  1989 48
Leasingham Classic Clare shiraz 1996 38
Leasingham Classic Clare shiraz, magnum 1996 101
Penfolds Grange Bin 1 1951 30,010
Penfolds Grange Bin 95 1962 460
Penfolds Block 42 cabernet sauvignon  1996 245
Seppelt Show Sparkling Burgundy 1972 110
Seppelt Show Sparkling shiraz 1986 60
Three Rivers Shiraz, magnum 1989 790
Wynns Coonawarra Estate shiraz 1990 30
Wynns Coonawarra Estate shiraz  1986 40

Prices do not include buyers premium of 13.5% (incl GST)