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 which has taken the current vendor over 30 years to accumulate. The collection 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.
“This is one for the ages and collections don’t come along like this very often, in fact I haven’t seen one worldwide, so this is a great opportunity for anyone who is looking to start investing in wine,” continued Mr. Hames.
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% increase in price over the last decade.
The report also mentioned that Australasia, followed by America and Asia were the top 3 regions who were classified as wine as one of their top 3 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.
“Another significant bottle is the 1959, which kicks off the collection, and could fetch five figures come auction day,” said Mr. Hames.
Penfolds Grange is the cornerstone of Australian wine, and the Grange chain is unbroken, the wine being produced every year since 1951.
Every bottle in the collection is beautifully presented in its original box, and some bottles are even signed by John Duval, the third Chief Winemaker producing Penfolds Grange.
You can view the entire collection here.
For more information visit www.lloydsauctions.com.au