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The average price of wines sold at the 32nd Nederburg Auction over the weekend fell 25 percent from those attained in 2005, with the market experiencing a correction after having soared 90 percent last year.

The 2006 auction, which returned to a two-day format and offered more wine versus 2005, also saw the return to prominence of supermarkets amongst the buyers. After slipping down the ranks in 2005, this year Pick ‘n Pay topped the list, while Shoprite Checkers, Makro and Spar also featured prominently in the top 10.

Meanwhile, specialist retailer Midmar Liquors, which snapped up 33 percent of all the auction wines to the value of R2.48-million last year, came in 13th this year with purchases totaling only R99 700.

Posted: 04|10|06 at 10:36 am. Filed under: Auction News.