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A bottle of the famous Australian winery sold at Langton’s auction became the most expensive wine ever sold in Australia.
A single bottle of Penfolds Grange signed by its founding winemaker Max Schubert has set a new world record price for any Australian wines sold at auction. The lot went under the hammer for AU$ 142,131.
The inaugural vintage of the most expensive wine of Australia was purchased this month at Langton’s auction. It broke the previous record of AU$103,000 which was also sold at Langton’s.
Penfolds Grange from Shiraz varieties with a small amount of Cabernet Sauvignon is considered the cult wine of Australia. The first vintage came from the experiments of Max Schubert. Having visited several countries of the Old World to study European techniques of winemaking, he was so impressed, in particular, by the wines of Bordeaux, that he decided to reproduce something similar at home. As a result of numerous experiments, this very wine was born that later became the most famous of Australia’s great wines.
The Penfolds management team, however, initially did not appreciate the work of their chief winemaker, and the first vintage was never released for sale. It was handed out to Schubert’s friends and family: to date, fewer than 20 bottles of Penfolds Grange 1951 are believed to exist.
The record-breaking bottle was resealed in 1988 because the original cork was lost and was reported to have minor damage to the wax seal label over the original white foil capsule.
“This is extraordinary,’ commented Langton’s head of auctions Tamara Grischy. ‘Never in my wildest dreams would I have thought a bottle of Australian wine would sell for this much.”