The First Art Newspaper on the Net   Established in 1996 Thursday, August 6, 2020


Strauss & Co combined auction success during Covid 19 affirms support for the arts and fine wine
One of the aims of the specialist wine sale has been to establish credible benchmark prices for wine collectors.



CAPE TOWN.- Strauss & Co’s first virtual sale of South African and international fine wines, held in full compliance with national lockdown regulations, saw all 115 lots in this Bordeaux-themed sale find buyers. Hosted by online auction platform Invaluable.com, the white-glove sale – auction parlance for 100% sales in a session – earned a total of R2.12 million, far surpassing the initial pre-sale high estimate for the collectable wines sold.

“I am very proud of this emphatic result and what it signals for the South African wine industry during this difficult time in our country’s history,” says Strauss & Co chairperson Frank Kilbourn. “Strauss & Co’s partnership with Invaluable enabled our clients to compete effortlessly for lots in real time. The bidding was energetic and simulated the vitality of being in an auction room. While we celebrate our clients’ adoption of this platform, the key thing to emerge from this sale was the robust demand. The sale attracted 533 bidders from over 20 countries, with nearly half of these bidders being new and first-time clients for Strauss & Co.”

The top-ten lots sold included rare wines from France, South Africa and the United States, bearing testimony to the global spread as well as appeal of Bordeaux-influenced winemaking. The themed approach has become embedded in the year-old wine auction, a joint venture between Strauss & Co, wine specialist Roland Peens of Wine Cellar fine wine merchants and sommelier Higgo Jacobs.

Another new departure saw this specialist sale incorporated into Strauss & Co’s benchmark general sale of fine art, jewellery, furniture and decorative arts, which is held twice yearly in Cape Town. Due to the volume of lots on offer, the general sale has been spread across two days, with wine launching the sale in a standalone session held a day in advance of the other sessions.

One of the aims of the specialist wine sale has been to establish credible benchmark prices for wine collectors. This requires setting pre-sale estimates that fairly balance the needs of buyers and sellers. The above-estimate results achieved on many lots encouragingly suggests an upward trajectory for South African fine wines as a collectible, this in spite of one of the most challenging economic crises in a century.

Roland Peens of Wine Cellar says: “This could be a real Rubicon moment for the wine industry, as the incredible line-up of wines matched the huge depth of interest. The live-streamed auctioneering by Alastair Meredith on the Invaluable platform worked almost seamlessly and we reached the greatest audience, perhaps ever, for a South African fine wine auction.”

Higgo Jacobs adds: “This is a very gratifying result for our young venture, as well as for the wine industry as a whole. The ground-breaking auction platform allowed us to optimally showcase the stellar collection of fine wines, which were the real stars of this auction. I would like to thank the Strauss & Co auction team for their professional handling of the dynamic bidding.”

“The success of this auction underscores our deep belief in the quality of South Africa’s top wines,” says Strauss & Co’s chairperson Frank Kilbourn. “The solid auction results also reiterated the necessity and feasibility of providing an effective and transparent platform for local and international collectors to trade in these magnificent wines.”










Today's News

May 14, 2020

Europe's museums begin reopening, cautiously, with new rules

Perrotin presents a new series of portraits by Claire Tabouret

Sotheby's launches innovative new sale format -- "In Confidence: Selected Masterpieces"

When Manhattan was Mannahatta: A stroll through the centuries

Jewels leads the new height of online sales

Success at Bonhams for live behind closed doors Modern British Art sale

Strauss & Co combined auction success during Covid 19 affirms support for the arts and fine wine

Yale University Press offers first original art history e-book

When the New York Philharmonic fought over Santa Claus

The P.G. Wodehouse Collection of William Toplis achieves a 96% sell-through rate at Freeman's

Kovet.Art: A new artist incubator platform launches

Galerie Templon reopens gallery space in Paris with exhibition of works by Billie Zangewa

African-American fine art at auction June 4 with standout works from the last two centuries

Samson Young wins the inaugural Sigg Prize

Art leaders across Scotland speak out for the first time on the impact of Covid-19

What do we lose when Cannes is canceled?

Avangrid Foundation awards grant to Wadsworth Atheneum for restoration of sculpture on Main Street

American Civil War pocket watch given by General Robert E. Lee to be sold at auction

Exhibition of works on paper by Sean Landers available exclusively on Artsy

The Fine Art Society in Edinburgh opens a 3D exhibition

The Brock family artist: A new discovery in Virginia folk portraiture

Heritage Auctions offers chance to score hoop on which Michael Jordan made iconic 'shot' in 1989

Low mileage 1950s classics from same Channel Island family come to sale with H&H Classics

Hollywood Bowl cancels summer concerts due to virus

Ancient Resource Auctions announces highlights included in its May Exceptional Antiquities sale

Amazing benefits of online casinos

The Aftermath of COVID-19 Pandemic is Outpouring Artistic Approaches to Make More Beautiful Houses

How visitors save money on the pleasure of enjoying artwork in museums

Unique Gifts for Couples

Incredible HGH Supplements and Pills

Marko Stout




Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .

 



Founder:
Ignacio Villarreal
(1941 - 2019)
Editor & Publisher: Jose Villarreal
Art Director: Juan José Sepúlveda Ramírez

Royalville Communications, Inc
produces:

ignaciovillarreal.org avemariasound.org juncodelavega.com facundocabral-elfinal.org
Founder's Site. The most varied versions
of this beautiful prayer.
Hommage
to a Mexican poet.
Hommage
       

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site
Tell a Friend
Dear User, please complete the form below in order to recommend the Artdaily newsletter to someone you know.
Please complete all fields marked *.
Sending Mail
Sending Successful