New World Record for 1951 Penfolds Grange
Thursday, December 23, 2021 in News
A new world record has been set at Langton’s for a single bottle of Penfolds Grange 1951, selling at auction for $157,624*. The secondary market for the world’s most rare and coveted wines has hit an all-time high.
A single bottle of Penfolds Grange Hermitage Bin 1 Shiraz 1951 has gone under the hammer at a Langton’s auction for $157,624*, making it the most expensive bottle of Australian wine ever sold! The sale broke the previous record of $142,131* (also for a bottle of Penfolds Grange 1951 sold at auction by Langton’s in July 2021).
The bottle is one of the few rare examples in existence of the first vintage of Penfolds Grange ever made, and it went under the hammer at our Penfolds: Rewards of Patience auction which closed on Sunday 19 December 2021.
Around 35 bottles of this first edition of Penfolds Grange are believed to exist, but the exact number and their whereabouts is elusive. Many collectors seek to build a complete inventory of this coveted cuvée, making any bottle that enters the auction circuit the hottest property of all (figuratively, of course – meticulous temperature controlled storage is par for the course when it comes for this most desired of wines).
“To have again broken the record for the most expensive bottle of Australian wine only months after breaking the previous record is an outstanding result, and is testament to the quality of wines available at a Langton’s auction,” said Tamara Grischy, Head of Langton’s.
‘We are seeing very strong demand for premium wines here in Australia…’
"We are seeing very strong demand for premium wines here in Australia, and we are proud that this auction has further cemented Penfolds Grange 1951 as such a highly prized wine, with the buyer delighted to have secured an amazing piece of Australian wine history for their collection,” she added.
Given their age, each and every bottle of the Penfolds Grange 1951 is different and each has its own story to tell. This lot was in near pristine condition having been through the Penfolds Re-corking Clinic in 2014.
‘This bottle is as good as it gets.’
According to Langton’s Head of Auctions, Michael Anderson, “the label had only very minor markings making it the perfect centrepiece wine, with its ullage, together with its pristine label. This bottle is as good as it gets.”
‘There are estimated to be around 40 bottles of the first vintage of Penfolds Grange in existence.’
The Penfolds Grange Hermitage Bin 1 Shiraz 1951 is the first vintage ever made of Australia’s most famous wine. Winemaker Max Schubert only made three or four barrels of it, and he gave away most of the bottles to his friends.
There are estimated to be around 40 bottles of the first vintage of Penfolds Grange in existence. This includes approximately 30 bottles that are part of complete sets of Penfolds Grange, which include all vintages of Penfolds Grange from 1951 to the present day.
Other highlights in the Langton’s auction include Penfolds Bin 60A Cabernet Shiraz, Coonawarra-Kalimna 1962 that sold for $21,552*; a Penfolds Bin 47 Grange Hermitage, South Australia 1958 that sold for $21,463*; and a Penfolds Bin 46 Grange Hermitage, South Australia 1959 that sold for $8,574*.
If you have an old bottle of Penfolds in your possession or an entire collection, our Penfolds: Rewards of Patience are without doubt the best way to find a buyer for your icons in Australia. Find out what your wines are worth here.
* All prices in this media release include Buyer’s Premium, which is 16.5% including GST and is paid on top of the hammer price.