The 2019 Barossa Wine Auction Sees Records Broken
This year saw the highest average sale price in the auction’s history.
Last Friday, April 26, brought together a number of wine enthusiasts, investors and makers at Lambert Estate in South Australia’s Barossa for the biennial Barossa Wine Auction and Lunch. Together with Barossa Grape & Wine Association and supported by Langton’s Fine Wines, the live auction saw 35 lots of the Barossa’s best auctioned by Langton’s Head of Auctions, Tamara Grischy.
The event was held over a three-course lunch and hosted by Fabulous Ladies Wine Society founder Jane Thompson. Total sales from the live auction equated to $243,901 (inclusive of the buyer’s premium) and the average price per lot reached for $6775, a new record for the event.
Highlights from the auction included the sale of the Penfolds Bin 60A Cabernet Shiraz 1962, which sold for three times the estimate price at $21,552 and a six-litre imperial bottle of Penfolds Grange Imperial Shiraz 2013 selling for $58,250.
Langton’s Head of Auctions, Tamara Grischy said of the auction: “Barossa as a region again showed its strength in the secondary market to capture collectors’ interest and bidding activity from all around the world, delivering some spectacular price results. The great vibe in the room added to the excitement of the live auction, which we so rarely do now.”
The first Barossa Wine Auction was held in 1965, with the aim of supporting the Barossa Vintage Festival and other charities and has been held every two years since. A total $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 Barossa Wine Auction – Online Auction, is still open for bidding via the Langton’s website until Sunday 5 May, 7pm, giving wine investors additional opportunities to purchase exclusive Barossa wine offers and experiences.