A bottle of 1951 Penfolds Grange Bin1 sold for more than A$103,000, the highest price ever paid for a bottle of Australian wine at auction, according to Langton Auctioneers.
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A buyer from Melbourne bought this rare bottle of Penfolds Grange Bin1, the first ever bottle of the estate"s Grange, made by the original head winemaker, Max Schubert.
The auction surpassed the previous record price for this wine. A bottle of 1951 vintage Grange had sold for $81,550 in December 2019.
A total of 1,092 bottles of Penfolds were sold at the Lambton Penfolds Patience Rewards auction event, which ended on June 30.
The auction was preceded by the sale of 246 bottles of Romanée-Conti from the cellar of wine writer and critic James Halliday.
Commenting on the auction, Jeremy Parham, managing director of Langton, said:Judging by these two flagship auctions, demand for boutique wines is stronger than ever as boutique wine collectors look to enhance their cellar collections.