Wine enthusiasts, investors and makers came together Friday at Lambert Estate for the biennial Barossa Wine Auction – Live Auction and Lunch.
The cumulative total sales from the live auction equated to $243,901.00 inclusive of Buyer’s Premium, with a 100% clearance rate for the live auction.
The average price per lot for the day was $6,775.00 – a new record for the event which was first held in 1965.
Presented by Barossa Grape and Wine Association and supported by Langton’s Fine Wines, the live auction hosted by Fabulous Ladies’ Wine Society founder, Jane Thompson had 35 lots from Barossa’s most prestigious and renowned wineries auctioned by Langton’s Head of Auctions, Tamara Grischy and Baron of Barossa, Andrew Caillard MW.
Held over a three-course lunch, 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.
Three hundred and fifty people were in the room and 40 percent of registered bidders were female, well above average participation rates in other auctions.
Highlights from the auction include the sale of the 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 Imperial Shiraz 2013, sold for $58,250 (including buyer’s premium) to a bidder in Barossa for the auction, from Beijing.
Records set include: Langmeil Freedom Shiraz 12 Bottle Vertical Collection ‘The Best of the Best’ which sold for three times its catalogue estimate at $6,291 (including buyer’s premium) and Pewsey Vale’s The Contours Six Bottle Vertical Collection plus Contours Vineyard Tour which sold for $5,242 (including buyer’s premium) which equates to $874 per bottle, an Australian auction record for Riesling.
$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 amongst the local community supporting the delivery of the Barossa Vintage Festival, and local charities: Foundation Barossa and Barossa Enterprises.