croppedimage680368 PenfoldsGrange v2

Grange 1951 sets new Australian wine record


Posted in: Wine Investment

Tagged: Auction results

A new record for Australian wine sold at auction has been set by a bottle of 1951 Grange, the first vintage by Penfolds’ founding winemaker Max Schubert.

The bottle was sold for AU$67,001 by auction house Langton’s, smashing the previous Australian wine record of AU$51,750, which was set less than a year ago.

Fewer the two dozen bottles of the 1951 are believed to be in existence – production was limited to 100 cases at the time, distributed to family and friends of the estate.

The auction featured more than 800 bottles of Penfolds wines, including a vertical of Grange from 1951 to 2013, which sold for AU$265,001.

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