Amount in U.S.$ (AU$103k) paid for a bottle of 1951 Penfolds Bin 1 Grange—the most ever paid for a bottle of Australian wine—during Langton’s Penfolds: Rewards of Patience auction in June, 2020. In 1951, Penfolds winemaker Max Schubert believed he could make a wine comparable to Bordeaux in structure, complexity, and ageability, but using shiraz grapes and American oak. Schubert’s bosses disagreed and told him to abandon the project. He carried on anyway, and two vintages later, Penfolds released Grange to the public.

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