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Rare bottle of Penfolds 1951 Grange sells for a record-breaking amount at Australian auction

Rare bottle of Penfolds 1951 Grange Hermitage shatters record for Australian wine as it sells for $80,000

  • A Grange bottle from the original 1951 vintage has sold for just over $80,000
  • Sale of 1951 bottle bettered the previous record of $78,000 from earlier in 2018
  • There are believed to be less than 20 bottles of the elite vintage left in the world 

A bottle of vintage wine has been sold for a record breaking amount at auction in Australia. 

Penfolds wines staged the auction in Adelaide on Sunday, with the Grange 1951 vintage fetching a jaw dropping $80,386.

The sale narrowly beat the previous record for an Australian bottle of wine of $78,000 in June.

A bottle of the highly sought after Penfolds Grange Vintage from 1951 sold for over $80,000 on Sunday in Adelaide

In addition, a set of Grange from 1951 to 2013 also was snapped up for just under $350,000 at the Langton’s auction online. 

Jeremy Parham, Langton’s  general manager, said the auction was open to potential buyers of a variety of budgets.

‘This auction had something for everybody, from potential bargains to rare vintages to a selection of unique bottles like the pristine 1951 Penfolds Grange,’ he said.

The record price of over $80,000 for the 1951 single bottle was forecasted by experts.

The Grange vintage owes its status to its history.

Max Schubert, the original Penfolds chief winemaker, did not sell his wine commercially – instead he passed on the vintage to family and friends before eventually going down the commercial path.   

There are believed to be less than 20 bottles of the elite vintage left across the world.

Read more at DailyMail.co.uk