LIVE opportunities: Penfolds Grange gets better with age
PREMIUM
CONTENT

  • Penfolds Grange shows consistently high returns as it ages. 
  • Only three post-2000 vintages are currently below their release price. 

 

A bottle of 1951 Penfolds Grange set a new world record earlier this week when it was sold for A$142,131 (US$104,587). It beats the previous record of A$103,000 which was set in July 2020. 

Grange is Australia’s most famous fine wine label and marking its 70th anniversary this year. It is unsurprising that one of the last (estimated) 35 bottles of the inaugural vintage, signed by Max Schubert, should create a stir on the auction market. 

But it is not just an auction market phenomenon. The older Grange gets the stronger its secondary market performance becomes too. Although data for the 1951 is hard to come by, take the 1955 as an example. 

Its first recorded Market Price back in 1998 was £3,000 per dozen. Today a case would cost £30,720, an increase of 924%. 

Millennials  

But one does not have to go back quite so far into the Grange back catalogue to find strong returns. 

Take a cluster of vintages around the millennium, 1997-2003. The best-performing is the 2000 vintage which has risen 293% in value since release to £3,970 (12×75). The next best-performing from that group is the 2001, up 265% to £4,200 (12×75). The “worst” performing, meanwhile, is the 2002, up 153% to £4,000 (12×75). 

Only three vintages of Grange post-2000 are currently showing a loss – 2016 (-1%), 2015 (-3.4%) and 2014 (-23.9). 

When it comes to returns, Grange delivers. 

You can see all LIVE offers for Penfolds Grange, here.