Breaking News Today

Australian fine wine set sells for world record $430,000

Published: (Updated: ) in Australian News by .

A Sydney wine lover has splashed out a world-record auction price of $430,000 on a set of Penfolds Grange.

A Sydney wine lover has splashed out a world-record auction price of $430,000 on a set of Penfolds Grange.

The "incredibly rare" set of 64 bottles contains all vintages of Penfolds Grange from 1951 to 2015.

Langton's Head of Auctions Tamara Grischy described the set of fine wine as "liquid gold".

A complete set of Penfolds Grange has just sold for $430,000 in the Langton's Penfolds Rewards of Patience auction - a world record price.Some of the bottles were signed by Max Schubert, Penfolds first Chief Winemaker and the man behind Penfolds Grange. Many of the older vintages have also been certified in the Penfolds clinicThe auction smashed the previous record, set in December 2019, when a set of Penfolds Grange sold for $372,800.

"A Penfolds Grange set is a wine collector's ultimate dream. It has been estimated there are only around 30 complete Penfolds Grange sets in existence in the world, making them incredibly rare," Ms Grischy said.

The Penfold bottles are signed by Max Schubert, Penfolds first Chief Winemaker and the man behind Penfolds Grange.

READ MORE: Bottle of 1951 Penfolds Grange breaks all-time auction record

READ MORE: Anonymous 'Secret Santa' pays off lay-bys for strangers

READ MORE: Kmart pulls popular Christmas wreath from shelves

"It has been estimated there are only around 30 complete Penfolds Grange sets in existence in the world, making them incredibly rare," she explained.

The previous auction record was in December last year, when a set of Penfolds Grange sold for $372,800.

The price for sets has increased by over 40 per cent in the last three years.

Ms Grischy called the auction result "great news" for the investment potential of Australian fine wine.

Other highlights in the auction included a Penfolds Bin 60A Cabernet Shiraz 1962 which sold for $15,005.

A Penfolds Bin 60A Cabernet Shiraz 1962 went under the hammer for $18,472.

Source: 9News https://www.9news.com.au/national/penfolds-grange-wine-set-sells-for-world-record-431000/b65c9940-be1a-4800-9643-9ea38759e5fd

READ:  Coronavirus: Tesla slashes price of Model Y SUV as COVID-19 downturn hits carmakers
Shares
Share This
Finance Advice 2021