Wine Buyers Pay Record Prices at South Africa’s Biggest Auction
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South Africa’s biggest wine sale at the Nederburg estate outside Cape Town saw prices almost double to a record this month as volumes on offer fell.
Held on Sept. 6 and 7 at the estate in Paarl, northeast of Cape Town, the auction offered 132 wines, including 72 red, 36 white and eight dessert varieties, the auctioneer said in a statement on its website today. The average price per liter climbed 92 percent to 354.64 rand ($35) from a year earlier, it said.