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22 Jun 2025
Australia’s most coveted wine auction is back, and collectors are poised to bid big. The Penfolds Rewards of Patience Auction returned this June, hosted by fine wine house LANGTONS, offering the largest dedicated collection of rare and historic bottles from Penfolds — including the legendary 1951 Grange Hermitage, which is expected to break its own record as the country’s most expensive wine.
Launched on June 17th and closing on June 29th via the LANGTONS website, this year’s auction is already making headlines among collectors and investors. In addition to a bottle of the inaugural Penfolds Grange Hermitage 1951 (originally released as Bin 1 and currently valued at over AUD $150,000), the auction also features a complete Bin Grange Set spanning 1951 to 2018 — a near-mythical collector’s prize, with a previous set having reached AUD $430,000 at the 2022 edition.
Since its inception in 1996, the Penfolds Rewards of Patience Auction has become an essential calendar event for wine connoisseurs, inspired by Andrew Caillard’s seminal book Penfolds: The Rewards of Patience. The 2025 edition continues this tradition, offering a unique window into Penfolds’ storied winemaking heritage — with prized vintages from the 1950s to now, and ultra-rare g-series bottles such as g3, g4 and g5.
Michael Anderson, Head of Auctions and Wine Consignment at LANGTONS, remarked that with recent market shifts, demand for top-tier Penfolds wines remains strong. For those seeking a final opportunity to acquire an intact Grange vertical, this auction presents a truly rare chance — as complete sets become increasingly scarce over time.
As Penfolds continues to stand as the pinnacle of Australian fine wine, the Rewards of Patience Auction offers collectors the opportunity to own a chapter of wine history. Explore the auction catalogue now via LANGTONS at www.langtons.com.au.
