Auction reports
MW WINES
March and April 2019 Auction Report by Anthony Caputi)
Strong resul ts in the secondary market for the first few months of 2019 have continued at MW Wines. An overwhelming majority of our vendors have been delighted at their results as final hammer prices continue to exceed estimates for great wines from great vintages. Clearance rates are steady in comparison to the same time last year, as buyers’ insatiable appetite for aged fine wines continues. We had outstanding March and April catalogues with a great spread of Australian and imported wines, and over $840,000 in sales spread over the two Auctions.
More than $424,000 worth of wine changed hands in March, with the clearance rate sitting just above 62 per cent. The quality of wine being brought in by our vendors tempted many of our buyers to dig deep into their pockets. Iconic Australian wines such as Penfolds Grange, Bin 389, Bin 707, Henschke Hill of Grace, Jasper Hill Georgia’s Paddock and Giaconda Chardonnay, amongst others, achieved significantly higher final hammer prices above their reserves. Old world gems from Bordeaux, Burgundy, Barolo – as well as some extremely rare fortifieds
