AUSTRALIA: Pockets remain deep for premium wine
By Tony Baker | 15 October 2001
Despite international political turmoil and market uncertainties, deep pockets are still prevailing for rare and chic table red wines in Australia. At an auction in the South Australian capital, Adelaide, bottles of the nation's flagship red, Penfolds Grange 1956 Bin 53 and 1957 Bin 50 sold for A$13,000 each.
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Despite international political turmoil and market uncertainties, deep pockets are still prevailing for rare and chic table red wines in Australia. At an auction in the South Australian capital, Adelaide, bottles of the nation's flagship red, Penfolds Grange 1956 Bin 53 and 1957 Bin 50 sold for A$13,000 each.
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