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Monday 24 July 2017

$51,000 for a bottle of Australian wine that may never be opened

Imagine paying over $51,000 for an old bottle of wine that may never be uncorked. 

A private collector has paid $51,750 for a bottle of 1951 Penfolds Grange Hermitage, the first vintage made of the benchmark Australian red; and a wine that was never on sale to the public. 

The wine was sold through Melbourne-based independent wine auction house MW Wines.

Nick Stamford, managing director of MW Wines, said fewer than 20 bottles are thought to remain in existence; with even fewer likely to be of this quality, which has been tasted and re-corked by Penfolds winemakers.

“The bottle of 1951 Grange has been verified at the Penfolds re-corking clinic, tasted, and signed by legendary Penfolds winemakers Max Schubert and Peter Gago, who have declared it to be of ‘excellent’ condition',” Stamford said.
Penfolds Grange is one of the jewels of Australian wine and the 1951 vintage represents a significant part of Australia’s wine history. Just 150 cases were produced, and it was not sold commercially. Winemaker Schubert gave most away to family, friends and colleagues.

Wines of this vintage are seen primarily as investments and the bottle may never be opened. 

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