Christmas came early for a Sydney wine lover who successfully won the bidding war of the coveted set, which contains all vintages of Penfolds Grange from 1951 to 2015 (64 bottles in total). The complete set sold for more than $430,000 - a world record price.
The previous record was from December 2019, when a set of Penfolds Grange sold for $372,800. The price for sets has increased by more than 40% in the last three years alone. The buyer wishes to remain anonymous.
“A Penfolds Grange set is a wine collector’s ultimate dream. It has been estimated there are only around 30 complete Penfolds Grange sets in existence in the world, making them incredibly rare,” she explained.
“This Penfolds set is unique because some of the bottles are signed by Max Schubert, Penfolds first Chief Winemaker and the man behind Penfolds Grange. Many of the older vintages have also been certified in the Penfolds clinic,” said Langton’s Head of Auctions Tamara Grischy.
Other highlights in the auction included a Penfolds Bin 60A Cabernet Shiraz 1962 which sold for $15,005 and a Penfolds Bin 60A Cabernet Shiraz 1962 which went under the hammer for $18,472.
“Penfolds is a great investment because the wine is consistent in quality, and people love the story behind it. Max Schubert started making Penfolds Grange as an experiment and was told to stop by his supervisors, but he continued and made what would eventually become Australia’s most famous wine in secret,” Grischy said.
“Penfolds Grange truly represents the beginning of modern Australian wine, and put Australia on the world map of fine wine,” she added.
The Langton’s Penfolds Rewards of Patience auction is in its 24th year and occurs every six months.
All prices in this media release include Buyer’s Premium, which is 16.5% including GST and is paid on top of the hammer price.
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