Penfold Grange set sells at auction for world record $431,000

Auctioned through the Langton's, the sale has meant Christmas came early to a Sydney wine lover who successfully won the bidding war by dropping $431,000 for the coveted set.

It includes all vintages of Penfolds Grange from 1951 to 2015 - 64 bottles in total.

"This Penfolds set is unique because some of the bottles are signed by Max Schubert, Penfolds first chief winemaker and the man behind Penfolds Grange," Langton's head of auctions Tamara Grischy explained.

The previous record was from December 2019, when a set of Penfolds Grange sold for $372,800.

"A Penfolds Grange set is a wine collector's ultimate dream," Ms Grischy shared.

"It has been estimated there are only around 30 complete Penfolds Grange sets in existence in the world, making them incredibly rare."

Impressively, the price for sets has increased by more than 40 per cent in the last three years alone.

"This auction result is a great news story for Australian fine wine, as it shows that Penfolds goes from strength to strength - it's like liquid gold."

Other highlights in the auction included a Penfolds Bin 60A Cabernet Shiraz 1962 which sold for $15,005 and a Penfolds Bin 60A Cabernet Shiraz 1962 which went under the hammer for $18,472.

"Penfolds is a great investment because the wine is consistent in quality, and people love the story behind it.

"Max Schubert started making Penfolds Grange as an experiment and was told to stop by his supervisors, but he continued and made what would eventually become Australia's most famous wine in secret.

"Penfolds Grange truly represents the beginning of modern Australian wine, and has put Australia on the world map of fine wine," she added.

The Langton's Rewards of Patience auction is in its 24th year and takes place every six months.

NOTE: All prices include Buyer's Premium, which is 16.5 per cent including GST and is paid on top of the hammer price.