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Australia's (and maybe the world's) Most Expensive New Release Wine - US$170,000

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Australia's (and maybe the world's) Most Expensive New Release Wine - US$170,000

Julian Teoh | Jun 29, 2012 07:41 PM

Penfolds has just released a $168,000 wine, limited release of only 12 bottles / ampoules. The wine is made from the oldest continuously producing cabernet sauvignon vines in the world (planted in the 1880s): http://www.smh.com.au/executive-style...

For one, I'm glad that the incessant battle to own the title of "Australia's Most Expensive New Release Wine" has come to an end. Penfolds held the title for decades with its Grange, before Torbreck released its Laird in September 2010 at A$700 a bottle. Penfolds retaliated with its Bin 620 Cabernet Shiraz at A$1,000, launched in Shanghai in November 2011. Peter Simic, a wine magazine publisher, then made a dramatic grab at the title earlier this year with the debut vintage of the Parawa Ingalalla Grand Reserve (2007), not coincidentally priced at A$1,100, an exact 10% over the Bin 620. Again, this wine was tailored predominantly for the Asian market and is not available for sale in Australia.

I'm not sure anyone's going to have the firepower to trump Penfolds' latest entrant. But now that various egos have been bruised / satisfied and the players have shown each other the size of their <insert your synonym for the male reproductive organs>, can we maybe go back to trying to produce Australia's best wine, or at least a wine that a decent number of people can actually afford and enjoy? Just a thought.

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