The wines may not take your breath away, but the prices sure will
TWE has shown no shame when it comes to squeezing money out of its Grange brand. Peter Gago has been a great ambassador for the prestigious label, while his masters screwed the price up higher and higher. It’s been easy lately, with the Chinese willing to hand over big money for prestige bottles. The RRP for the new Grange is $100 off $1000.
Most of the Grange bottles made are never opened. Collectors show them to friends at dinner parties, investors buy and sell them, but very few people drink them. If you actually want to buy some Grange to drink, I have wonderful news: the average auction price for older Granges runs around $400 to $500 a bottle, half the cost of the current wine. Plus the auctioneer’s take and freight, of course.
I’m talking about every vintage going back to the 1976, which can fetch up to $800. I shared a bottle with good friends a few years ago, and on that day it was the perfect red: a genuine 100 points. There are lots of good Granges made in the 40 vintages since, and the older ones are mature, ready to enjoy now.
The Burning Question
Tyson Stelzer’s piece on the 2018 release says: ‘Penfolds Collection 2018 – An outstanding release… but there’s a twist: The pertinent question this year is whether these wines can sustain such ever-spiralling domestic inflation.









This time I focused on some of the labels I haven’t checked for a while. Printhie is one of these. The next generation has taken over, the vines are twenty years old, so there’s a new wind blowing on Mount Canobolas.