Despite the parent company's continuing problems, there will be an avid scramble for Australia's cult wine, Penfolds Grange, when the table red is released tomorrow (April 30) at around A$400 (US$286) a bottle.

Production of the 1999 table red is estimated at under 8000 cases and a sellout is assured on home and export markets. Grange has become an investment as well as a prestige wine.

The ultra-rare 1951 vintage currently commands A$50,000 (US$35,800) a bottle and early vintages fetch hundreds of times their cost price. Meanwhile shares in the parent company Southcorp, worth A$8.36 (US$5.98) in 2001, are today selling at A$3.52.