Penfolds Grange 1951 sells for more than $150k

December 22, 2021
By Ioni Doherty

A bottle of Penfolds Grange Hermitage Bin 1 Shiraz 1951 sold at a Langton’s auction for $157,624*, making  it the most expensive bottle of Australian wine ever sold, breaking 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 sold at the Langton’s  Penfolds Rewards of Patience  auction which closed on Sunday.

 “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,” said Tamara Grischy, Head of Langton’s.

According to Ms Grischy, given their age, each and every bottle of the Penfolds  Grange 1951 is different and this bottle was in almost pristine condition after being through the Penfolds Re-corking Clinic in 2014.

 “The label had only very minor markings making it the perfect centrepiece  wine, with its ullage, together with its pristine label, making this bottle as good  as it gets,” she said.

 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 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 and which include all vintages of Penfolds Grange from 1951 to present day.

 Other highlights from Langton’s auction on Sunday include:

  • Penfolds Bin 60A Cabernet Shiraz, Coonawarra-Kalimna 1962 that sold for $21,552*
  • Penfolds Bin 47  Grange Hermitage, South Australia 1958 that sold for $21,463* and
  • Penfolds  Bin 46 Grange Hermitage, South Australia 1959 that sold for $8,574*.

 * All prices include Buyer’s Premium, which is 16.5 per cent including GST and is paid on top of the hammer price.

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