The very first vintage of Penfolds Grange – 1951 which was released as Bin 1 – could break its own price record as Australia’s most expensive wine in an online auction.
The wine’s current price record is over $150,000 (including buyer’s premium).
The Penfolds Rewards of Patience Auction hosted by Langtons also features one of the world’s few full Penfolds Bin Grange Sets from 1951 to 2018.
The set fetched a record $430,000 at the 2022 auction.
The last auction was held in 2024 to celebrate the 180th anniversary of the winery.
It sold more than 2,000 bottles including a Bin 4 Grange Hermitage for $35,400, g3 Shiraz for $10,300 and Bin 65 Grange Shiraz for $6,478.
“As the auction market begins to warm to an interest rate cut, it’s the wines of Penfolds, the most represented wine in the Langtons Classification, that savvy wine enthusiasts and investors are reaching for,” says Michael Anderson, head of auctions and wine consignment at Langtons.
“This may be one the last chances to bid on a complete set of Penfolds Grange.
“These unicorn pieces become rarer each year as bottles fail, wines are consumed and verticals are split.
“This is an incredible version of a Penfolds Grange Set – one of the finest we have seen.”
The name of the auction – which ends on Sunday 29 June at 9pm – is a nod to the book The Rewards of Patience by MW Andrew Caillard.
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