Penfolds Wines on the Auction Market
Guide to Penfolds wines at auction in Australia

Penfolds have been in operation since 1844 and are Australia's most prestigious winery with products that are respected the world over.

Penfolds wines are the most traded wine on the wine auction market by volume and many have gone up in price over the last few decades, sometimes by extraordinary amounts.

Penfolds Annual Release Date
Penfolds release their range of wines, known as the Penfolds Collection, early August.

Bin Release

• Penfolds Bin 51 Eden Valley Riesling
• Penfolds Bin 311 Henty Chardonnay
• Penfolds Bin 23 Adelaide Hills Pinot Noir
• Penfolds Bin 138 Barossa Valley GSM
• Penfolds Bin 128 Coonawarra Shiraz
• Penfolds Kalimna Bin 28 Shiraz
• Penfolds Bin 407 Cabernet Sauvignon
• Penfolds Bin 150 Marananga Shiraz
• Penfolds Bin 389 Cabernet Shiraz

Icon & Luxury Release

• Penfolds Grange
• Penfolds Yattarna Chardonnay
• Penfolds Reserve Bin A Chardonnay
• Penfolds St Henri Shiraz
• Penfolds Bin 707 Cabernet Sauvignon
• Penfolds Bin 169 Coonawarra Cabernet Sauvignon
• Penfolds RWT Barossa Valley Shiraz
• Penfolds Magill Estate Shiraz

Wine tasting reviews of (2022) the Penfolds Collection can be found online by multi-award winning wine writer Tyson Stelzer.

Penfolds Recorking Clinics (2022)

This is a fantastic service that Penfolds offers for owners of Penfolds wines that are 15 years or older. You can take along your wine to a clinic and have it assessed by a winemaker, and if necessary, it will be opened and then tasted, topped up with the current vintage and recapsuled right in front of you.

The Penfolds Re-corking clinic dates planned for Australia in 2022:

• Adelaide: 24 – 26 August 2022
• Melbourne: mid-November 2022
• Sydney: late-November 2022

You can contact Penfolds for upcoming clinics in your area - Penfolds.com

 

Auction Performers

Penfolds Grange

Penfolds Grange is the most sought after premium wine in Australia. With an interesting history of consistent quality in the face of adversity and a pedigree going back to 1951, it accounts for around 30% of the turnover of the Australian Wine Auction market.

Grange couldn't be given away to start with.. literally.. many of the early vintages of Penfolds Grange were given to wine societies and wine people all around Australia including nearly 1800 bottles of the 1951 vintage (pictured left) today worth over $150,000 per bottle.

Today, most Grange, except for exceptional and rare vintages sells between $500 and $750 and, yes, that is less than you pay for it on release. A rundown on investment facts and the latest penfolds Grange values .

Complete vintage collections spanning 1951 to the present day are worth around $400,000+ to collectors.

Answers to Penfolds Grange frequently asked questions.

10 Tips and Tricks for selling your Penfolds Grange.

 

Penfolds Bin 707, Cabernet Sauvignon

"..a fantastic wine that ages with grace and harmony, a pleasure to drink.."
- Mark Wickman, 2022

Penfolds flagship Cabernet Sauvignon also has a fascinating history. After only six vintages, in 1969, it was agreed to discontinue production because of a shortage of quality cabernet fruit and allocate it for use in Bin 389 instead. But with the splendid 1976 vintage, it was decided to dust off the labels and return it to the market. It has been a stable auction favorite for decades since and has recently enjoyed a steep rise in demand from China. Demand exceeded supply and any Bin 707 that came to auction was bid up quickly, trading at three times its retail value at one stage.

Penfolds Special Bin Wines

Small batches of experimental, one off, wines were crafted by the Penfolds winemakers to shadow the forging of a Grange. These "Special bin reds" (such as the 1962 Bin 60a, the 1967 Bin 7 and 1996 Block 42) have, over the decades, given rise to wines of such subliminal beauty that they enter the halls of legend and firmly place Penfolds as a leader in the top rank of the worlds key wine estates.

Listed alongside the famous and almost impossible to get 1945 Chateau Mouton Rothschild, 1961 Chateau Latour and 1959 Domaine Romanee Conti Richebourg and lauded as one of the greatest ever wines to try before you die, Penfolds 1962 Bin 60a still comes up at auction on occasion for anywhere between $15,000 to $20,000 per bottle. An unbelievable bargain by international standards.

There are many different special bin wines and each one has a unique and special story to tell and all are a wine collectors dream.

Buying and selling wines at auction (Australian wine auction directory)

Author: Mark Wickman
wineauction@wickman.net.au Google+
Copyright ©2022 Mark Wickman, All Rights Reserved.