What are the best years for Penfolds Grange?
The best-performing vintage Granges in the current market are: 1986, 1990, 1991, 1996, 1998 and 1999. More recent vintages such as 2002, 2004, 2006, 2008, 2010, 2012, 2013 and 2014 are also highly regarded.
Why is Grange Hermitage so expensive?
Setting records. As Grange is a wine best cellared – left to ferment over a considerable length of time – decades-old bottles are regularly sold at auction. 1951 Grange has become so valuable because, although it was bottled, it was never commercially released.
What is the most expensive bottle of Grange Hermitage?
Penfolds Grange 1951
A bottle of Penfolds Grange 1951 has become the most expensive Australian wine sold at auction, fetching A$142,131 (US$104,587) during a Langton’s sale held at the weekend.
What grapes are in Grange Hermitage?
Penfolds Grange (until the 1989 vintage labelled Penfolds Grange Hermitage) is an Australian wine, made predominantly from the Shiraz (Syrah) grape and usually a small percentage of Cabernet Sauvignon. It is widely considered one of Australia’s “first growth” and its most collectable wine.
When should I drink my Grange?
It is generally accepted that most releases do not drink at their best until at least 12 to 15 years after vintage. The best vintages can age for 20 to 50+ years.
What makes Grange so good?
In the winery, the intrinsic quality of Grange is protected at every stage. Grange occupies millions of dollars worth of the best new, small (300 litre) American oak barrels for 18- 20 months before bottling. Most reds come on the market two years out from vintage, but Grange is released as a five-year-old.
Does Grange go up in value?
Most bottles of Penfolds Grange purchased in the 1970’s, 1980’s and early 1990’s have increased in value from their purchase price but they have not increased beyond the current release retail price.
What is so great about Grange?
Its flagship wine, Grange, is the most collectible wine on the continent, with a long auction track record. Unlike most of the world’s iconic reds, it’s a multi-vineyard, multi-district blend, yet it has a distinctive personality—and a great story. Rogue kangaroos in the Penfolds vineyard.
Is Penfolds Grange a good investment?
Is Penfolds Grange a good investment? Good vintages, exceptional publicity and a supply shortage always do well in the short term, but on average there have not been any vintages in the last decade or so that have enabled a consistent positive return on investment in the short, medium or long term.
What does bin mean in Penfolds?
Batch Identification Number
The Bin number represents the Batch Identification Number. Bearing no relation to quality or price, the number refers to the area in the cellars where the wines were historically stored.
How much is a bottle of Grange worth?
How much is Penfolds Grange Worth? The first vintage, 1951, can fetch over $80,000. 1952 – 1959: Between $4,000 to $35,000. Exceptional later vintages such as the 1971, 1976, 1986, 1990 and the 1998 normally trade between $600 to $1,700.
What is a bottle of Grange worth?
Which is the most expensive wine of Penfolds Grange?
Penfolds Grange Hermitage 1951 is the world’s most expensive specimen wine. Also one of the rarest wines in the world. Valuations for the rare and famous Penfolds Grange Hermitage “special bins” must be treated with great care.
How old are Penfolds Granges from the 1950’s?
Some rare 1950’s Granges don’t come to market every year. The last sales price for some extremely rare Penfolds Grange Bins could be five or more years old. Has demand and price increased or decreased in that time?
How much can a bottle of Penfolds Grange change?
As with coins and stamps, the condition (label damage, wine level/ullage, provenance/cellaring history) can change a value by over 50%. Market activity is also a critical valuation issue.
What was the results of the Penfolds Wine Auction?
This set of auction results reinforces the enduring and growing appeal of Penfolds wines. A full set of Grange is always newsworthy, of course, but we’ve also seen the growth in demand for Bin 707, Bin 389 and St Henri.
