Penfolds Grange 1951 sold for over $50,000
The 1951 wine was sold at an auction at MW Wines, a specialist in back vintages of Grange, to a private collector, on Wednesday 19 July.
MW Wines posted on its Instagram account ‘Last night this incredible bottle of first vintage Grange sold for $51,750 at auction – believed to be a record price paid for 1951 Penfolds Grange in Australia.’
‘A great result for [the] vendor and an amazing addition to the buyer’s collection.’
It is one of the highest prices paid for an Australian wine at auction.
The 1951 vintage was not commercially available but given to friends and family by Penfolds’ original winemaker, Max Schubert. It is thought that fewer than 20 bottles of it remain in the world.
This bottle had been tasted at the Penfolds recorking clinic by Penfolds’ current winemaker, Peter Gago.
If wines are declared in good condition, they are slightly topped up with the current vintage and recorked.
It is then signed and given a certification – giving a proof of authenticity at auctions.
In 2014, Penfolds marked the 170th anniversary with a special release of the 2010 vintage which sold for AU$60,000.
Read more at http://www.decanter.com/wine-news/penfolds-grange-1951-sold-for-over-50000-373023/#tkVf222Eqi74Z1h1.99