Penfolds
Grange, once Australia’s only serious investment wine, now leads an
ever-growing list of Australian fine wines regularly traded for both profit and
pleasure. “Limited supply, reputation and sheer quality have thrust many of
Australia’s best wines onto the world stage,” Andrew Caillard MW of Australia’s
leading auction house Langton’s told the drinks business.
Lisa
Perrotti-Brown, Australian wine critic for Robert Parker’s The Wine Advocate, believes Torbreck RunRig, made by David Powell (pictured),
is now on a par with Penfolds Grange and Henschke Hill of Grace in terms of
“blue chip” global investment potential.
Caillard
meanwhile, singles out Ben Glaetzer Amon Ra Shiraz and Kalleske Shiraz as two
up-and-coming fine wines to watch, with Kalleske Johann Georg Shiraz, Two Hands
Ares Shiraz and Mitolo GAM Shiraz also performing well at auction.
“Rockford
Basket Press Shiraz and Clarendon Hills Astralis are attracting a strong volume
of bidding, while Wendouree Shiraz, a notoriously difficult wine to purchase on
release, is going gangbusters and Clonakilla Shiraz Viognier is enjoying a
prolonged honeymoon with buyers,” Caillard said.
“Even
the whites, including Grosset Polish Hill Riesling, Giaconda Estate Chardonnay
and Leeuwin Estate Art Series Chardonnay, are selling well, along with historic
wines such as 1962 Penfolds Bin 60A Cabernet-Shiraz. The depletion of rare
Australian wine is astonishing – these old wines are being snapped up as reference points for tastings,” he added.
In
the UK, Grange and Hill of Grace continue to lead the investment charge, with
Two Hands Ares Shiraz and Mitolo GAM Shiraz both proving popular to a lesser
degree. For Amelia Jukes, co-owner of boutique Australian fine wine importer
Hallowed Ground, has seen unprecedented interest in Mornington Peninsula
producer Paringa Estate’s single vineyard range.
Grand
Cru-level The Paringa Single Vineyard Pinot Noir is selling particularly well
at £325 (in bond) for a half-case through fine wine broker Bordeaux Index. “I
decided to start shipping the wines to the UK and wasn’t sure if I’d be able to
get rid of them, but we’ve sold out of all three,” Jukes revealed.
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