2004 Penfolds 389 $24.95 this week

Craig(NZ) · Post by **Craig(NZ)** » Wed Dec 12, 2007 7:19 pm

Any kiwis wanting to know where PM me. Man its getting expensive, thats more than twice what I paid for my last bottle :lol:

Red Bigot · Post by **Red Bigot** » Wed Dec 12, 2007 7:21 pm

Wait for the 2005, it's a significantly better wine IMO.

Craig(NZ) · Post by **Craig(NZ)** » Wed Dec 12, 2007 7:29 pm

Why choose when you can have both?? :lol:

I love the 2004, I reckon its the best since 1996.

Ratcatcher · Post by **Ratcatcher** » Wed Dec 12, 2007 9:45 pm

That cheeses me off.

NZ$24.95! Whats that about $12 in Australian money???

Why don't we get Bullnose Syrah here for $19.95?

The local shops in Tas are retailing this for $54 these days. One place has it for $45 and it was "on special" for $39.99 last week.

I don't buy it.

I don't get the logic. If this wine was $35 and occasionally discounted to $29 I'd probably buy 6 but I won't pay $45 for it.

I suppose Fosters doesn't care they have 1000 brands so I'm sure they think I spend the money that I used to spend on 389 on one of their other brands.

wiggum · Post by **wiggum** » Wed Dec 12, 2007 9:59 pm

I hear the penfolds range is going up significantly when the newbies come out. Is the price difference still going to make it a better buy to wait for the 05 389? 04 389 for about $33 when I got it and low $40's at best when the 05 is out (so I hear). Just a thought.

Raymond W · Post by **Raymond W** » Wed Dec 12, 2007 10:20 pm

The Bin 389 04 goes for mainly between 3,000 to 4,000yen (about A$30 to 40) here, but I have seen it going at one shop for almost 5,000yen.

I cannot understand the inconsistency in the pricing of Aussie wines here. For example, some wines like Cullen DM 04 go for around 5,500yen (A$55) and other ultra-premium WA reds like Moss Wood Cab goes for 8,000yen plus. A Grosset PH 07 is on sale here for around 5,000yen (A$50), but a Katnook's regular Cab 02 goes for under 3,000yen (A$30) here while a Wynn black label 05 goes for 3,500yen.

Maximus · Post by **Maximus** » Wed Dec 12, 2007 10:51 pm

Pffft. 389 is so '90s...

river · Post by **river** » Wed Dec 12, 2007 10:57 pm

Ratcatcher wrote:That cheeses me off.

NZ$24.95! Whats that about $12 in Australian money???

Why don't we get Bullnose Syrah here for $19.95?

The local shops in Tas are retailing this for $54 these days. One place has it for $45 and it was "on special" for $39.99 last week.

I don't buy it.

I don't get the logic. If this wine was $35 and occasionally discounted to $29 I'd probably buy 6 but I won't pay $45 for it.

I suppose Fosters doesn't care they have 1000 brands so I'm sure they think I spend the money that I used to spend on 389 on one of their other brands.

It's normally around $40 - $45 that's pretty cheap even for here, your taxes are slightly higher on wine which will effect pricing across the board.

That said, Fosters in particular have been responsible for some pretty cheap wine this side of the Tasman.

hxy · Post by **hxy** » Thu Dec 13, 2007 2:12 am

wine-searcher says the '05 389 is available for US$22.97 a btl... I'd get some at that price if I live in NY...
now why is it cheaper after being shipped half way around the world? :?:

Craig(NZ) · Post by **Craig(NZ)** » Thu Dec 13, 2007 4:41 am

Pffft. 389 is so '90s...

Yeah and the price is so nineties too, thats the bit i like. :lol:

'Another retailer' I know never made it under the $30 mark for single bottles this year :wink:

I don't buy it.

Before the 2004 vintage the last vintage i bought was just a couple of the 1998's before that a few 1996's. I found many vintages of 389 very forced and muddled. The 2004 though shows lovely fruit and restraint. i really like it.

Grant · Post by **Grant** » Thu Dec 13, 2007 5:40 pm

wiggum wrote:I hear the penfolds range is going up significantly when the newbies come out. Is the price difference still going to make it a better buy to wait for the 05 389? 04 389 for about $33 when I got it and low $40's at best when the 05 is out (so I hear). Just a thought.

It will only go up in Australia. Only in Australia are people happy to pay $45+ for it. Interesting pricing strategies used by Fosters...friends of mine in LA bought up big on Lindemanns Pyrus and Limestone Ridge earlier this year...$8-99 US a bottle.

Cheers

platinum · Post by **platinum** » Thu Dec 13, 2007 6:58 pm

Whilst tax is a part of it I agree that it sells at higher prices here because people are more willing to pay.

Bick · Post by **Bick** » Fri Dec 14, 2007 11:24 am

Got mine yesterday - thanks Craig.

Regarding the debate of pricing here versus Oz, for what its worth I've rarely if ever seen 389 for less than $39 before. This is a real one off deal, so I wouldn't get too worked up about it.

Craig(NZ) · Post by **Craig(NZ)** » Fri Dec 14, 2007 1:14 pm

This is a real one off deal, so I wouldn't get too worked up about it.

Yes, we wouldnt wanna get Australians worked up would we. That isnt the aim of the exercise :wink:

Mike Hawkins · Post by **Mike Hawkins** » Sat Dec 15, 2007 2:30 am

Grant, yep Fosters does some strange dumpoing exercises here. As I've posted before, periodically we find the Wynns Black Label Cab Sauv (not the blend) for well under USD100 per dozen. And 389 is easy to find at USD17 pb

Red Bigot · Post by **Red Bigot** » Sat Dec 15, 2007 12:36 pm

Craig(NZ) wrote:Why choose when you can have both??

I love the 2004, I reckon its the best since 1996.

That's not a lot of competition (apart from possibly 98 ), I think the 2004 was the trial run before getting it right in 2005. They were entered in the same class at the NWS last month, the 2005 scored an emphatic Top Gold and the 2004 failed to win a medal in a strong class. Tasting them side-by-side clearly showed the extra class of the 2005.

Craig(NZ) · Post by **Craig(NZ)** » Sat Dec 15, 2007 2:46 pm

That's not a lot of competition (apart from possibly 98 ), I think the 2004 was the trial run before getting it right in 2005. They were entered in the same class at the NWS last month, the 2005 scored an emphatic Top Gold and the 2004 failed to win a medal in a strong class. Tasting them side-by-side clearly showed the extra class of the 2005.

awesome! its now on my buy list when its released!

bout time they got them cracking again