World-record price for Penfolds Grange set

A complete set of Penfolds Grange has sold for a record price at auction, reflecting the ongoing demand for these increasingly rare collections.    

A full set of Penfolds Grange has sold for a record price of $430,000, exceeding the previous amount paid 12 months ago by almost $60,000. The 64-bottle collection, comprising every vintage from the inaugural 1951 to this year’s 2015, sold as part of the Langton’s Rewards of Patience auction to a Sydney buyer. 

Langton’s Head of Auctions Tamara Grischy estimates there are only around 30 complete Penfolds Grange sets in existence, and this one is unique because some bottles are signed by the brand’s first chief winemaker Max Schubert, who created Grange. “Many of the older vintages have also been certified in the Penfolds clinic,” she says.

Penfolds Grange creator Max Schubert
Penfolds' original chief winemaker Max Schubert had signed a number of bottles in the collection that just sold.

The price for full sets of Penfolds Grange has increased by more than 40 per cent in the past three years. The auction also drew big results for a number of other older Penfolds wines, including the 1962 Bin 60A Cabernet Shiraz, with two bottles sold for $15,005 and $18,472.

The Langton’s Rewards of Patience auction, held every six months, is in its 24th year.