Wickman's Wine Database Search (DONOT ENTER VINTAGE)

Auction prices for PENFOLDS Bin 707 Cabernet Sauvignon, South Australia

Values have been aggregated from national secondary market data. Some wines may not been seen at auction for some time and the intrinsic value can change over periods of time. For an up to date wine valuation please send your list of wines to wine-valuation@wickman.net.au

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 (where data is available). 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 value
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.