The verdict on the new Grange is in, but it's $1000. Should you splash the cash?
The multi-vintage, multi-vineyard South Australian red is one of the most collectable wines in the world, and the 2021 has a price tag of $1000.
So, is it worth the big bucks? The answer is maybe, but it depends on how much patience you possess.
If you don't mind holding on to it for a couple of decades and then selling it, the return on investment could prove fruitful. The first Penfolds Grange vintage was 1951 and has been known to fetch more than $150,000 at auction. A full set of Penfolds Bin Grange from the 1951 to 2018 vintages fetched a record $430,000 at the Penfolds Rewards of Patience Auction hosted by Langtons in 2022.
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