We haven’t heard much from Down Under this year so news this week of Australia’s top vineyard’s latest release definitely stirs up interest. Probably the only southern hemisphere wine estate producing wines of such quality and rarity to support a strong secondary market, Penfolds Grange is a key focus for wine investors looking for growth and diversification to enhance their portfolio performance.
The Penfolds 2018 Collection is the 64thconsecutive release covering five vintages, seven varieties and fifteen regions, however our interest lies with the 2014 Grange. The legendary Grange wines have gained ‘Heritage Icon’ status of South Australia. Max Schubert was the original architect of Grange wines with his first, experimental, 1951 vintage, creating the distinctive Shiraz-based wines (blended with a little Cabernet Sauvignon).
Liv-ex ranked Penfolds as the 19th most powerful fine wine brand in the world in its 2017 Power 100 Report last year. The wines of the estate represented 0.43% of value traded on Liv-ex and 0.23% of volume for the 12 months to 31stAugust 2017. The average trade price of Penfolds Grange wine in the period was £3,268 (12 x 75cl) and average overall growth was 15.6%. The 2018 Liv-ex Power 100 is due out at the end of the year.
Rare Grange wines are highly collectible, in July 2017 one of only 20 bottles (75cl) now thought to be in existence in the world of the original 1951 vintage was sold at auction for AU$51,750. Another bottle of the same vintage sold in 2004 for AU$50,200 and in 2014 a special release 2010 vintage was sold for AU$60,000.
The latest release, Penfolds Grange 2014, the product of the current Chief Winemaker, Peter Gago, has been scored 98 points by the Wine Advocate’s Joe Czerwinski, who commented that the wine is “Dense, powerful and tannic, it should prove to be long lived event by Grange standards”. The wine was also scored 18.5 points by Jancis Robinson MW.
For more information on including Penfolds in your fine wine collection contact us now on 0203 384 2262.