Bottle of 1951 Penfolds Grange breaks all-time auction record for Australian wine

A 69-year-old bottle of wine has broken auction records after it sold for $103,000 at auction on Tuesday.

The 1951 Penfolds Bin 1 Grange sold by Langton's fetched the highest price ever paid for a bottle of Australian wine, and is widely considered as one of the rarest in the country.

The previous record for the first vintage of Penfolds Grange was $81,000, set in December 2019.

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At that same auction a set of Penfolds Grange from 1951 to 2015 was sold for a staggering $372,800.

Langton's Head of Auctions Tamara Grischy said the 1951 Penfolds Grange is historic among Australian wine collectors.

"The early 1950s Penfolds Grange wines are very rare, so collectors will snap these up when they can in order to complete their sets of every vintage of these incredible wines," said Ms Grischy.

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"The 1951 Penfolds Grange truly represents the beginning of modern Australian wine."

Langton's Wines reported an increase demand for fine vintages once COVID-19 restrictions took place in late March, with the number of online bidders almost doubling.

"With many of us still unable to visit our favourite restaurants or travel to cellar doors, new and existing clients have instead immersed themselves in the world of fine wine from the comfort of their homes," Langton's General Manager Jeremy Parham said.