Lindsay Williams: Duimpie, after the great price increases last year what happened this weekend? Why the fall? Duimpie Bayly: I think it’s a sign of what’s happening worldwide as far as wine is concerned - there’s a worldwide glut. If you look at 2005 prices were abnormally high at the Nederburg Auction. If you compare this weekend’s auction with 2004 it’s more in line - there’s still a tend upwards, I think there’s just been a correction. Lindsay Williams: How important is the Nederburg Auction for setting prices for the rest of the year? Duimpie Bayly: I think it is an important factor, but for rare and scarce South African wines there are so many wines out there that really the Nederburg Auction is a very small percentage of it. But it is a showcase and a benchmark for South African wines... Click here to read more about the article.