The Auswine Forum

Hi All

Just wondering what the thoughts are on the upcoming Penfolds release, specifically the 2010 Grange. First reports are saying it's going to be amazing (big surprise) and there's some places accepting pre-sale allocations - but it is quite a hefty price tag. I'm guessing the other releases (eg. 2011 St Henri) won't be particularly amazing?

The reviews would have to be pretty amazing (like 100pt scores across several critics) and the price to drop (through the big chains) pretty significantly to tempt me.

It will be another vintage of the century. The best Grange ever since the previous best Grange ever

Some places have pre-release 2010 Grange at ~ $655 mark.

All reports are that it is going to rival the 76 grange. I'm not sure what 'all reports' means, other than that is what my broker mentioned to me. And he isn't one to BS me; never has and never would. It would cost him to much commission. I've ordered a case.

Penfolds haters are going to hate. Penfolds didn't come out and say the 09 was a great vintage. Haters move on....

You could check this thread about this same topic a few months ago while you are at it:

viewtopic.php?f=1&t=14015

When the new release date was announced back in June the suggested RRP (ie cellar door prices) for the releases hadn't changed. Not sure if that's still the case, but I haven't heard anything to date to suggest otherwise - that of course could change closer to 14th October, it certainly did last year in the case of the 2008 Grange after the 100 point score Lisa Perotti Brown MW of Wine Advocate gave it.

Cheers,
Ian

they should sell screwcap versions of grange.

Just a little side note. One wine auction house has a 1990 St Henri. What is interesting is the original price sticker is still on it. $19.99! Run that through the RBA inflation calculator and in todays money it would be $33.95.
Make of that what you will.

Mr_Cervelo wrote:Some places have pre-release 2010 Grange at ~ $655 mark.

All reports are that it is going to rival the 76 grange. I'm not sure what 'all reports' means, other than that is what my broker mentioned to me. And he isn't one to BS me; never has and never would. It would cost him to much commission. I've ordered a case.

Penfolds haters are going to hate. Penfolds didn't come out and say the 09 was a great vintage. Haters move on....

Gee only $4 grand plus assumed brokers fee...an absolute bargain

Can't see what this has to do with Penfolds haters...just seems like sheer bloody greed to me.

Cheers
Craig

Mr_Cervelo wrote:Some places have pre-release 2010 Grange at ~ $655 mark.

All reports are that it is going to rival the 76 grange. I'm not sure what 'all reports' means, other than that is what my broker mentioned to me. And he isn't one to BS me; never has and never would. It would cost him to much commission. I've ordered a case.

Penfolds haters are going to hate. Penfolds didn't come out and say the 09 was a great vintage. Haters move on....

Haven't seen much Grange "hate". I'm sure the 2010 Grange will be fantastic...Luxury Icons are tough to put a price on...

I think people are annoyed at the prices of the other stuff.....

Mr_Cervelo wrote:Some places have pre-release 2010 Grange at ~ $655 mark.

All reports are that it is going to rival the 76 grange. I'm not sure what 'all reports' means, other than that is what my broker mentioned to me. And he isn't one to BS me; never has and never would. It would cost him to much commission. I've ordered a case.

Penfolds haters are going to hate. Penfolds didn't come out and say the 09 was a great vintage. Haters move on....

Yeah I was going to pre-release order - but am having difficult justifying it and grange is one of those things it's easy enough to buy on the secondary market for around the same price. Might just save it for the 'best ever' St Henri 2012

Of course it will be amazing... Will it be drinking in my lifetime?...Maybe... Or I might invest in older more approachable vintages.

rens wrote:Just a little side note. One wine auction house has a 1990 St Henri. What is interesting is the original price sticker is still on it. $19.99! Run that through the RBA inflation calculator and in todays money it would be $33.95.
Make of that what you will.

Well, sheer greed. Or the 'Australian price premium" or whatever it's called.
They're all the same, the Penfolds premiums. I bought the 1993 Bin 389 for $15. You can't get the 2010 for better than, what... $60?
I run that through my calculator and I find that's 8.5% increase every single year for 18 straight vintages.
The 1989 Grange was widely available for $100. If the 2009 was $650, that's near enough to 10%, year-on-year.

In the outstanding vintages, the wines might be worth it. In the other 6 years out of 7 we're being taken for a ride.
Dunno why people fall for it.
cheers
Graeme

rens wrote:Just a little side note. One wine auction house has a 1990 St Henri. What is interesting is the original price sticker is still on it. $19.99! Run that through the RBA inflation calculator and in todays money it would be $33.95.
Make of that what you will.

I make of it that the inflationary based pricing model is not that commonly used for luxury goods and an unreliable guide to pricing the product over 20 years.
I also make of it that Penfolds have changed their stratgey, and unfortunately their premium brands target a market that doesn not include me. To be fair i stopped buying Penfolds years ago.
I also make of it that Penfolds are entitled to do this....most companies in this market have at some point or another (e.g. Petrus, Lafite). They'll either succeed or come crawling back.

Finally i make of it that its great certain wineries/companies still keep their pricing increase at or below inflation and support one of these companies regularly (Rockford). But i struggle with the constant whinging that Craig for example, can no longer add to his significant cellar certain australian icons at the terrific prices of the past.
To read anyone continually rant how a massive corporate changed its pricing strategy to a level that they are now excluded is painful IMO.
At least you got great prices then, enjoy what you have...its more than most (inc me). Find a substitute, there are plenty, and get over it ffs.

Perhaps a seperate thread called 'Evil companies that no longer covet my custom' would be a win-win.
And maybe another to debate Chinese economics come to think of it

Michael R wrote:

rens wrote:Just a little side note. One wine auction house has a 1990 St Henri. What is interesting is the original price sticker is still on it. $19.99! Run that through the RBA inflation calculator and in todays money it would be $33.95.
Make of that what you will.

I make of it that the inflationary based pricing model is not that commonly used for luxury goods and an unreliable guide to pricing the product over 20 years.
I also make of it that Penfolds have changed their stratgey, and unfortunately their premium brands target a market that doesn not include me. To be fair i stopped buying Penfolds years ago.
I also make of it that Penfolds are entitled to do this....most companies in this market have at some point or another (e.g. Petrus, Lafite). They'll either succeed or come crawling back.

Finally i make of it that its great certain wineries/companies still keep their pricing increase at or below inflation and support one of these companies regularly (Rockford). But i struggle with the constant whinging that Craig for example, can no longer add to his significant cellar certain australian icons at the terrific prices of the past.
To read anyone continually rant how a massive corporate changed its pricing strategy to a level that they are now excluded is painful IMO.
At least you got great prices then, enjoy what you have...its more than most (inc me). Find a substitute, there are plenty, and get over it ffs.

Perhaps a seperate thread called 'Evil companies that no longer covet my custom' would be a win-win.
And maybe another to debate Chinese economics come to think of it

+1

If I hear anyone complain about grange prices when the cheapest bottle of it i Have was over $400 I may lose it.

It's like how people whinge how much their Mortgage is for a house they bought in 1997, before it tripled to its current price.

At the end of the day these people are in business. If they can get people to pay $600 a bottle why would they want to sell to me for half that? Sure I'd love it if they did but I'm not gonna hate them because they don't.

So yesterday I had a chat with someone who was at the pre-release tasting in Melbourne just the other day. He couldn't say too much about the 2010 Grange as that's obviously under embargo. He did say that those who gave the 2008 100 points are going to have a problem as the 2010 is much better. He was extremely impressed with it.

The folks at Winefront gave the 2010 Grange 96pts, the same as the 2008, although the tasting note seems to suggest the 2010 is slightly superior to the 2008.

Interesting to see the Halliday scores later today.

Looks like the '12 Bin 389 will be a popular choice this release. Already getting some press

http://www.news.com.au/lifestyle/food/t ... 7075647838

100 points from Tyson Stelzer: " ...the greatest young Australian wine I have ever tasted."
Halliday has supposedly already posted scores on his site. Does anyone have access?

rens wrote:Just a little side note. One wine auction house has a 1990 St Henri. What is interesting is the original price sticker is still on it. $19.99! Run that through the RBA inflation calculator and in todays money it would be $33.95.
Make of that what you will.

I bought the Bin 707 from 1990 at $25, not too far away from your $19-99 price, but if you compare current 707 vs. St Henri, well, the 707 horse has well and truely bolted! Where is it? $250 or so??

Where do you guys expect the big chains to bring 389 down to? Below $60?

Hacker wrote:
Where do you guys expect the big chains to bring 389 down to? Below $60?

I hope so. Will pick up 2 or 3 if they can get close to that..

ReclineWithWine wrote:100 points from Tyson Stelzer: " ...the greatest young Australian wine I have ever tasted.

The "Rewards of Patience" eh?

From Hallidays site:

Grange: 99 points; drink to 2060
707: 98 points; drink to 2040
RWT: 98 points; drink to 2040;
St Henri: 89 points; drink to 2021 - Ouch! Under 90 pts from Halliday!
407: 95 points; drink to 2032
28: 92 points; drink to 2032
Yattarna: 97 points; drink to 2025;
Reserve Bin A: 95 points; drink to 2022
Bin 51 Riesling: 95 points; drink to 2025

Nothing on 389 yet?

daver6 wrote:From Hallidays site:

Grange: 99 points; drink to 2060
707: 98 points; drink to 2040
RWT: 98 points; drink to 2040;
St Henri: 89 points; drink to 2021 - Ouch! Under 90 pts from Halliday!
407: 95 points; drink to 2032
28: 92 points; drink to 2032
Yattarna: 97 points; drink to 2025;
Reserve Bin A: 95 points; drink to 2022
Bin 51 Riesling: 95 points; drink to 2025

No points for Marananga or 389?

Quoting the page that has his tastings notes "Here are my tasting notes for 9 of the 12 wines in The Penfolds Collection; the remaining three will appear on this site this coming weekend in conjunction with my article appearing in the Weekend Australian Magazine."

I'm guessing those three must be the 389, 150 and 128.

Thank you for the clarification.

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Thanks for the post here Sean, I always enjoy reading your words... a great turn of phrase that's for sure.
Far more informed than a couple on this thread here.

Thank Christ for free speech and to you Gavin for allowing us to express our views.
No one is too concerned what people paid for Grange, nor are they when you have a whinge about price... which is acknowledged by 000s (including those who work for the company) as becoming increasing out of reach for Mr and Mrs Joe Public.

Was quite impressed (apart from 45 minute delay) with the Penfolds clinic here in Adelaide this week.
Finally caught up with Moira and had a quick chat...was very good to meet her.

Bottles I presented had a jiffy lube and are ready to go for another 10-15 years.

Cheers
Craig.