South African Wine Prices Surge at Country's Biggest Auction
South African Wine Prices Surge at Country's Biggest Auction
Sep 6, 2010 6
South African vintners raised 41 percent more money at the annual Nederburg Auction, the biggest of its kind in the country, as increased bidding reversed a two- year decline.
Held on Sept. 3 and 4 in Paarl, 55 kilometers (34 miles) north east of Cape Town, income at the Nederburg Auction jumped to 5.68 million rand ($789,513) from just over 4 million rand a year earlier, according to a statement on the auctioneer’s website today.
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