Penfolds wine collection auction attracts international attention

An extremely rare Penfolds Grange wine collection has come forward to auction, curated by a former employee of Penfolds and is expected to sell collectively for six figures, with all bottles starting from just $1.

Featuring 60 extremely rare bottles of vintage wine in what resembles a complete collection, dating from 1959-2018. The collection has taken the current vendor over 30 years to accumulate and has been stored in a climate-controlled cellar and checked at the Grange clinic by former Penfolds winemakers.

“We haven’t seen a wine collection as complete and pristine and as carefully looked after as this collection and it is attracting international attention,” said Mr. Lee Hames, chief operations officer for Lloyds Auctions.

According to Knight Frank’s 2023 Wealth Report, wine is considered to be in the top three passion investments in the world, seeing a 162 per cent increase in price over the last decade.

The report also mentioned that Australasia, followed by America and Asia were the top three regions who were classified as wine as one of their top three passion investments.

Among the 60 bottles in the collection, the 1990 vintage had an immediate and dramatic impact on the international market. US based wine spectator magazine names in Wine of the year, which was the first time a wine from outside France or California had received this accolade.

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