Latest news with #PenfoldsBinGrange
Sydney Morning Herald
6 days ago
- Business
- Sydney Morning Herald
The verdict on the new Grange is in, but it's $1000. Should you splash the cash?
When Penfolds releases its anticipated 2025 Collection on August 7, fine wine collectors around the globe will start to wonder if its biggest star, the coveted 2021 Grange, is worth forking out for. 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.
The Age
6 days ago
- Business
- The Age
The verdict on the new Grange is in, but it's $1000. Should you splash the cash?
When Penfolds releases its anticipated 2025 Collection on August 7, fine wine collectors around the globe will start to wonder if its biggest star, the coveted 2021 Grange, is worth forking out for. 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.
