Penfolds Grange Prices

Current and historical values paid at auction in Australia

Penfolds Grange Hermitage 1951 Penfolds Grange, also labelled as Penfolds Grange Hermitage until the 1989 vintage, is one of Australias most valuable wines and its price can vary depending on the vintage (not the bottled date), the bin number, the condition of the bottle and how well the bottle has been stored (known as its provenance).

It trades at auction frequently and the prices can change over time, although retail prices have been leading auction prices now since the late 1990's.

The prices below are collected and averaged from the four leading auction houses in Australia on a monthly basis.

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Valid May 2013

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Wine Name	Vintage	Size	Low	High	Notes
Penfolds Bin 95 Grange Shiraz (Upcoming 2013 Release)	2008	Bottle	$0	$0	To be released on May the 2nd 2013. Penfolds have said that the RRP will be at $785, a very controversial price hike.
Penfolds Bin 95 Grange Shiraz (Last years Release)	2007	Bottle	$400	$625	This was released on the 3rd of May 2012. Retailers in Australia were discounting as low as $490 with a RRP of $625. During 2012 it traded on the Australian secondary market in the range between $320 to $420.
Penfolds Bin 95 Grange Shiraz	2006	Bottle	$490	$800	Retail release price around $599
Penfolds Bin 95 Grange Shiraz	2005	Bottle	$400	$480
Penfolds Bin 95 Grange Shiraz	2004	Bottle	$430	$460
Penfolds Bin 95 Grange Shiraz	2003	Bottle	$375	$440
Penfolds Bin 95 Grange Shiraz	2002	Bottle	$390	$480	Retail release price around $500
Penfolds Bin 95 Grange Shiraz	2001	Bottle	$365	$460
Penfolds Bin 95 Grange Shiraz	2000	Bottle	$380	$440
Penfolds Bin 95 Grange Shiraz	1999	Bottle	$375	$450
Penfolds Bin 95 Grange Shiraz	1998	Bottle	$520	$600
Penfolds Bin 95 Grange Shiraz	1997	Bottle	$325	$390
Penfolds Bin 95 Grange Shiraz	1996	Bottle	$450	$610
Penfolds Bin 95 Grange Shiraz	1995	Bottle	$340	$390
Penfolds Bin 95 Grange Shiraz	1994	Bottle	$355	$400	Laser etching of the bottles introduced.
Penfolds Bin 95 Grange Shiraz	1993	Bottle	$340	$390
Penfolds Bin 95 Grange Shiraz	1992	Bottle	$350	$440
Penfolds Bin 95 Grange Shiraz	1991	Bottle	$430	$540	Release price around $140
Penfolds Bin 95 Grange Shiraz	1990	Bottle	$510	$700	An outstanding vintage. Retail release price at $130 - $140.
Penfolds Bin 95 Grange Hermitage	1989	Bottle	$330	$390
Penfolds Bin 95 Grange Hermitage	1988	Bottle	$330	$380
Penfolds Bin 95 Grange Hermitage	1987	Bottle	$330	$380
Penfolds Bin 95 Grange Hermitage	1986	Bottle	$515	$600	Retail release price around $85.
Penfolds Bin 95 Grange Hermitage	1985	Bottle	$350	$520
Penfolds Bin 95 Grange Hermitage	1984	Bottle	$340	$380
Penfolds Bin 95 Grange Hermitage	1983	Bottle	$390	$500	Retail release price around $50.
Penfolds Bin 95 Grange Hermitage	1982	Bottle	$330	$380
Penfolds Bin 95 Grange Hermitage	1981	Bottle	$360	$480
Penfolds Bin 95 Grange Hermitage	1980	Bottle	$335	$400
Penfolds Bin 95 Grange Hermitage	1979	Bottle	$350	$460	The last vintage to use the white foil capsules
Penfolds Bin 95 Grange Hermitage	1978	Bottle	$340	$520
Penfolds Bin 95 Grange Hermitage	1977	Bottle	$350	$440
Penfolds Bin 95 Grange Hermitage	1976	Bottle	$540	$700	The first Australian wine to be released over $20.
Penfolds Bin 95 Grange Hermitage	1975	Bottle	$380	$460	Retail price around $15
Penfolds Bin 95 Grange Hermitage	1974	Bottle	$350	$400	Retail price around $13
Penfolds Bin 95 Grange Hermitage	1973	Bottle	$320	$380	Retail price around $12
Penfolds Bin 95 Grange Hermitage	1972	Bottle	$385	$450	A quantity of this vintage was accidentally oxidised during bottling, hence the lower market value of the russian roulette vintage.
Penfolds Bin 95 Grange Hermitage	1971	Bottle	$770	$1,100	One of the great Grange vintages. For many years this vintage set the standard. Retail release price around $10
Penfolds Bin 95 Grange Hermitage	1970	Bottle	$350	$580	Bin numbering for Grange was standardised with the 1970 vintage.
Penfolds Bin 95 Grange Hermitage	1969	Bottle	$500	$700
Penfolds Bin 95 Grange Hermitage	1968	Bottle	$550	$700
Penfolds Bin 95 Grange Hermitage	1967	Bottle	$600	$850
Penfolds Bin 95 Grange Hermitage	1966	Bottle	$600	$1,200
Penfolds Bin 95 Grange Hermitage	1965	Bottle	$540	$680
Penfolds Bin 95 Grange Hermitage	1964	Bottle	$1,200	$1,700
Penfolds Bin 65 Grange Hermitage	1963	Bottle	$1,500	$1,600
Penfolds Bin 95 Grange Hermitage	1963	Bottle	$1,200	$1,500
Penfolds Bin 95 Grange Hermitage	1962	Bottle	$1,650	$1,800
Penfolds Bin 95 Grange Hermitage	1961	Bottle	$1,600	$3,000
Penfolds Bin 395 Grange Hermitage	1961	Bottle	$700	$900
Penfolds Bin 95 Grange Hermitage	1960	Bottle	$1,400	$1,800	Retail price of approx. $1.75
Penfolds Bin 46 Grange Hermitage	1960	Bottle	$800	$1,050
Penfolds Bin 49 Grange Hermitage	1960	Bottle	$1,200	$2,200	Grange production officially resumes.
Penfolds Bin 49 Grange Hermitage	1959	Bottle	$2,000	$2,600
Penfolds Bin 95 Grange Hermitage	1959	Bottle	$1,700	$2,400
Penfolds Bin 46 Grange Hermitage	1959	Bottle	$2,200	$3,100	Last of the 3 hidden granges
Penfolds Bin 95 Grange Hermitage	1958	Bottle	$3,900	$4,000
Penfolds Bin 46 Grange Hermitage	1958	Bottle	$14,000	$18,000	Second of the hidden Granges
Penfolds Bin 47 Grange Hermitage	1958	Bottle	$10,000	$12,600
Penfolds Bin 50 Grange Hermitage	1957	Bottle	$12,000	$16,000
Penfolds Bin 113 Grange Hermitage	1957	Bottle	$8,100	$10,200	First of the hidden, secretly produced Granges
Penfolds Bin 53 Grange Hermitage	1956	Bottle	$15,000	$17,000
Penfolds Bin 14 Grange Hermitage	1956	Bottle	$8,000	$10,100
Penfolds Bin 14 Grange Hermitage	1955	Bottle	$2,400	$3,300	One of the most highly decorated of all Granges which eventually vindicated Max Schubert.
Penfolds Bin 95 Grange Hermitage	1955	Bottle	$3,000	$4,000
Penfolds Bin 148A Grange Hermitage	1955	Bottle	$2,000	$2,400
Penfolds Bin 13 Grange Hermitage	1955	Bottle	$1,800	$2,500
Penfolds Bin 12 Grange Hermitage	1954	Bottle	$14,000	$18,000
Penfolds Bin 11 Grange Hermitage	1954	Bottle	$9,500	$11,900	Internal criticism led to a lighter style. Approx. 9 months in oak.
Penfolds Bin 9 Grange Cabernet	1953	Bottle	$12,000	$14,000
Penfolds Bin 86C Grange Hermitage	1953	Bottle	$15,000	$20,000
Penfolds Bin 10 Grange Hermitage	1953	Bottle	$12,000	$14,000
Penfolds Bin 2 Grange Hermitage	1953	Bottle	$13,000	$15,000	First vintage to use grapes from the Kalimna vineyard.
Penfolds Bin 145 Grange Hermitage Cabernet	1953	Bottle	$15,200	$16,900
Penfolds Bin 4 Grange Hermitage	1952	Bottle	$16,000	$21,000
Penfolds Bin 1 Grange Hermitage	1952	Bottle	$16,500	$16,600	First commercial release. Retail release price less than $1
Penfolds Bin 1 Grange Hermitage	1951	Bottle	$38,000	$60,000	First Vintage. An experimental wine that was not commercially released. Only 160 cases were made.

Values have been aggregated from national secondary market data.

Notes on pricing and valuations

Low Range
Typically, price clusters form over time at market value. The low value is then calculated from the average accumulated hammer price at auction from multiple Australian wine auction houses over a 6 month period. All prices are for bottles with no damage or ullage. Well stored bottles with a documented purchase and storage history will always attract the best prices.

High Range
High prices are typically outliers or record high values achieved over a long period of time and,typically, includes only a very low sample of bottles sold, never the average and most often only a single bottle.

Last sale
This figure is not shown, as using it in isolation can produce a false sense of the true value of a bottle.

A note on auction reserves
All auction houses generally set a reserve price 10% less than the low price range. This allows for fluctuations of the market price going down as well as up.

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Penfolds Grange Prices

Current and historical values paid at auction in Australia

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