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Definitive Guide to Penfolds Grange and Grange Hermitage Prices

Detailed Pricing for Each Vintage of Australia's Iconic Penfolds Grange and Grange Hermitage

Penfolds Grange, also labeled as Penfolds Grange Hermitage until the 1989 vintage, is one of Australia's 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.

Warning on price perception

Grange sells for a very different value at auction (the secondary market) compared to retail (all wine is valued differently at auction) and, unless you are a retailer with all the associated overheads, you cannot expect to buy and sell at the same price point. When it comes time to sell your Grange the only available market for a private seller is via auction and therefore retail and other prices that can often be quoted in the media are exaggerations of the real value.

Grange Pricing

The prices below are collected and averaged from the four leading wine auction houses in Australia on a regular basis, please contact us directly for the latest values.

Valid June 2024

Wine Name Vintage Low-High Bottle Size
Penfolds Grange (more info) 2019 $750 - $1,000 Bottle SELL
Pre-Release retail price slightly above $1,000 and expected to pop up at auction for around $750 to start with.
Penfolds Grange Bin 95 Shiraz 2018 $650 - $800 Bottle SELL
Released August 2022 and retailing for just shy of $1,000 still.
Penfolds Grange Bin 95 Shiraz 2017 $600 - $690 Bottle SELL
Penfolds Grange Bin 95 Shiraz 2016 $630 - $860 Bottle SELL
Penfolds Grange Bin 95 Shiraz 2015 $650 - $850 Bottle SELL
Released August 2019 for $900.
Penfolds Grange Bin 95 Shiraz 2014 $600 - $800 Bottle SELL
Released October 2018 for $900. Initially all new releases will drop in price at auction if they are still available to the retail market.
Penfolds Bin 95 Grange Shiraz 2013 $590 - $700 Bottle SELL
Released October 2017 for around $850. Although a good Grange it is not as good as the 2012. Its price at auction reflects this. Recently (September 2018) selling for $585 with market pressure pushing it downwards coming up to the 2014 vintage release.
Penfolds Bin 95 Grange Shiraz (October 2016 Release) 2012 $650 - $750 Bottle SELL
Released in October 2016. A excellent Grange. The quality of this vintage will reflect in the price paid for it over time.
Penfolds Bin 95 Grange Shiraz (October 2015 Release) 2011 $500 - $600 Bottle SELL
Released October 2015. The 2011 vintage was a poor year with low yields. Very little of the usual marketing hype accompanied this release.
Penfolds Bin 95 Grange Shiraz (October 2014 Release) 2010 $540 - $600 Bottle SELL
Released in October 2014. This is the first time that Grange has been released at this time of year. It is unlikely that this tactic will result in any extra premium being paid for it in the medium term.
Penfolds Bin 95 Grange Shiraz (May 2014 Release) 2009 $500 - $600 Bottle SELL
Released in May 2014.Very few bottles have come to auction.
Penfolds Bin 95 Grange Shiraz 2008 $580 - $700 Bottle SELL
Released on May the 2nd 2013. Penfolds launched with a controversial RRP at $785, citing high demand in Asia as a reason why they dramatically increased the price just prior to release. Within the year it was trading at auction between $500 to $650.
Penfolds Bin 95 Grange Shiraz 2007 $490 - $570 Bottle SELL
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 $700 - $860 Bottle SELL
Retail release price around $599
Penfolds Bin 95 Grange Shiraz 2005 $610 - $750 Bottle SELL
Penfolds Bin 95 Grange Shiraz 2004 $630 - $750 Bottle SELL
Penfolds Bin 95 Grange Shiraz 2003 $690 - $750 Bottle SELL
Penfolds Bin 95 Grange Shiraz 2002 $550 - $650 Bottle SELL
Retail release price around $500
Penfolds Bin 95 Grange Shiraz 2001 $700 - $600 Bottle SELL
Penfolds Bin 95 Grange Shiraz 2000 $580 - $670 Bottle SELL
Penfolds Bin 95 Grange Shiraz 1999 $580 - $690 Bottle SELL
Penfolds Bin 95 Grange Shiraz 1998 $730 - $890 Bottle SELL
Penfolds Bin 95 Grange Shiraz 1997 $520 - $690 Bottle SELL
Penfolds Bin 95 Grange Shiraz 1996 $690 - $870 Bottle SELL
Penfolds Bin 95 Grange Shiraz 1995 $500 - $750 Bottle SELL
Penfolds Bin 95 Grange Shiraz 1994 $650 - $800 Bottle SELL
Laser etching of the bottles introduced.
Penfolds Bin 95 Grange Shiraz 1993 $510 - $700 Bottle SELL
Penfolds Bin 95 Grange Shiraz 1992 $550 - $690 Bottle SELL
Penfolds Bin 95 Grange Shiraz 1991 $560 - $700 Bottle SELL
Release price around $140
Penfolds Bin 95 Grange Shiraz 1990 $700 - $900 Bottle SELL
An outstanding vintage. Retail release price at $130 - $140.
Penfolds Bin 95 Grange Hermitage 1989 $550 - $650 Bottle SELL
Release price $110
Penfolds Bin 95 Grange Hermitage 1988 $500 - $680 Bottle SELL
Penfolds Bin 95 Grange Hermitage 1987 $580 - $690 Bottle SELL
Penfolds Bin 95 Grange Hermitage 1986 $780 - $900 Bottle SELL
Retail release price around $85.
Penfolds Bin 95 Grange Hermitage 1985 $680 - $700 Bottle SELL
Penfolds Bin 95 Grange Hermitage 1984 $480 - $650 Bottle SELL
Penfolds Bin 95 Grange Hermitage 1983 $650 - $800 Bottle SELL
Retail release price around $50 - $60
Penfolds Bin 95 Grange Hermitage 1982 $700 - $1,100 Bottle SELL
Penfolds Bin 95 Grange Hermitage 1981 $700 - $900 Bottle SELL
Penfolds Bin 95 Grange Hermitage 1980 $500 - $600 Bottle SELL
Penfolds Bin 95 Grange Hermitage 1979 $450 - $600 Bottle SELL
The last vintage to use the white foil capsules
Penfolds Bin 95 Grange Hermitage 1978 $500 - $600 Bottle SELL
Release price around $27.50
Penfolds Bin 95 Grange Hermitage 1977 $510 - $720 Bottle SELL
Penfolds Bin 95 Grange Hermitage 1976 $1,000 - $1,600 Bottle SELL
The first Australian wine to be released over $20. Top auction prices paid for excellent condition.
Penfolds Bin 95 Grange Hermitage 1975 $700 - $900 Bottle SELL
Retail price around $15
Penfolds Bin 95 Grange Hermitage 1974 $1,200 - $3,000 Bottle SELL
Retail price around $13
Penfolds Bin 95 Grange Hermitage 1973 $700 - $900 Bottle SELL
Retail price around $12
Penfolds Bin 95 Grange Hermitage 1972 $600 - $750 Bottle SELL
A quantity of this vintage was accidentally oxidised during bottling, hence the lower market value of the russian roulette vintage. Release price around $12
Penfolds Bin 95 Grange Hermitage 1971 $700 - $1,100 Bottle SELL
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 $800 - $950 Bottle SELL
Bin numbering for Grange was standardised with the 1970 vintage.
Penfolds Bin 95 Grange Hermitage 1969 $500 - $700 Bottle SELL
Penfolds Bin 95 Grange Hermitage 1968 $550 - $700 Bottle SELL
Penfolds Bin 95 Grange Hermitage 1967 $610 - $850 Bottle SELL
Penfolds Bin 95 Grange Hermitage 1966 $1,000 - $1,300 Bottle SELL
Penfolds Bin 95 Grange Hermitage 1965 $540 - $680 Bottle SELL
Penfolds Bin 95 Grange Hermitage 1964 $1,200 - $1,700 Bottle SELL
Penfolds Bin 65 Grange Hermitage 1963 $1,400 - $1,800 Bottle SELL
Penfolds Bin 95 Grange Hermitage 1963 $1,200 - $1,500 Bottle SELL
Penfolds Bin 95 Grange Hermitage 1962 $1,650 - $1,800 Bottle SELL
Penfolds Bin 95 Grange Hermitage 1961 $1,600 - $3,000 Bottle SELL
Penfolds Bin 395 Grange Hermitage 1961 $700 - $900 Bottle SELL
Penfolds Bin 95 Grange Hermitage 1960 $1,400 - $1,800 Bottle SELL
Retail price of approx. $1.75
Penfolds Bin 46 Grange Hermitage 1960 $800 - $1,050 Bottle SELL
Penfolds Bin 49 Grange Hermitage 1960 $1,200 - $2,200 Bottle SELL
Grange production officially resumes.
Penfolds Bin 95 Grange Hermitage 1959 $1,700 - $2,400 Bottle SELL
Penfolds Bin 46 Grange Hermitage 1959 $2,200 - $3,100 Bottle SELL
Last of the 3 hidden granges
Penfolds Bin 49 Grange Hermitage 1959 $2,000 - $2,600 Bottle SELL
Penfolds Bin 95 Grange Hermitage 1958 $3,900 - $4,000 Bottle SELL
Penfolds Bin 46 Grange Hermitage 1958 $14,000 - $18,000 Bottle SELL
Second of the hidden Granges
Penfolds Bin 47 Grange Hermitage 1958 $10,000 - $12,600 Bottle SELL
Penfolds Bin 50 Grange Hermitage 1957 $12,000 - $16,000 Bottle SELL
Penfolds Bin 113 Grange Hermitage 1957 $8,100 - $10,200 Bottle SELL
First of the hidden, secretly produced Granges
Penfolds Bin 53 Grange Hermitage 1956 $15,000 - $17,000 Bottle SELL
Penfolds Bin 14 Grange Hermitage 1956 $8,000 - $10,100 Bottle SELL
Penfolds Bin 14 Grange Hermitage 1955 $2,400 - $3,300 Bottle SELL
One of the most highly decorated of all Granges which eventually vindicated Max Schubert.
Penfolds Bin 95 Grange Hermitage 1955 $3,000 - $4,000 Bottle SELL
Penfolds Bin 148A Grange Hermitage 1955 $2,000 - $2,400 Bottle SELL
Penfolds Bin 13 Grange Hermitage 1955 $1,800 - $2,500 Bottle SELL
Penfolds Bin 12 Grange Hermitage 1954 $14,000 - $18,000 Bottle SELL
Penfolds Bin 11 Grange Hermitage 1954 $9,500 - $11,900 Bottle SELL
Internal criticism led to a lighter style. Approx. 9 months in oak.
Penfolds Bin 145 Grange Hermitage Cabernet 1953 $15,200 - $16,900 Bottle SELL
Penfolds Bin 9 Grange Cabernet 1953 $12,000 - $14,000 Bottle SELL
Penfolds Bin 86C Grange Hermitage 1953 $15,000 - $20,000 Bottle SELL
Penfolds Bin 10 Grange Hermitage 1953 $12,000 - $14,000 Bottle SELL
Penfolds Bin 2 Grange Hermitage 1953 $13,000 - $15,000 Bottle SELL
First vintage to use grapes from the Kalimna vineyard.
Penfolds Bin 4 Grange Hermitage 1952 $16,000 - $21,000 Bottle SELL
Penfolds Bin 1 Grange Hermitage 1952 $25,000 - $30,000 Bottle SELL
First commercial release. Retail release price less than $1
Penfolds Bin 1 Grange Hermitage 1951 $140,000 - $160,000 Bottle SELL
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 Price
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 fluctua- tions of the market price going down as well as up.

penfolds grange sell prices

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