Wine brand Penfolds will auction over 1800 wine bottles this week, including a set of Penfolds Grange from 1951 to 2014, as part of Langton’s Rewards of Patience Auction, an online auction exclusively for Penfolds wine.
The company expects the Penfolds Grange set to beat the Langton’s record of a Penfolds Grange set from 1951 to 2013 which was bought for $349,500 in June 2018.
“In 1995, I remember selling a set for $30,000. As the Penfolds brand has continued to evolve and become one of the biggest wine brands in the world, the demand keeps increasing,” said Tamara Grischy, head of auctions at Langton’s.
Two bottles of the 1951 Penfolds Grange, the first vintage of Australia’s most renowned wine, are expected to fetch over $70,000 each.
“It’s very rare to see one bottle, let alone two, of the first Grange, which was a wine that Penfolds first chief winemaker Max Schubert made 68 years ago as an experiment. Both bottles are in amazing condition, and have outstanding provenance. This is a historic vintage, and represents the beginning of modern Australian wine. It is believed there are less than 20 bottles in circulation,” Grischy said.
The auction will commence on December 10 at 5pm, through to December 15 at 7pm.