Iron Gate Auctions
Timed Auction

IronGate Fine Wine Auction

Tue, Sep 17, 2024 10:00AM EDT - Tue, Sep 24, 2024 08:00PM EDT
  • 1981
  • 750ml
  • Australia
  • South Australia
  • Shiraz
  • Red
  • HH120
  • HH120
Lot 786

1981 Penfolds Grange Bin 95 - 1 bottle(s)-750ml

Estimate: CAD$600 - CAD$850

Bid Increments

Price Bid Increment
CAD$0 CAD$20
CAD$500 CAD$50
CAD$1,000 CAD$100
CAD$2,000 CAD$200
CAD$3,000 CAD$250
CAD$5,000 CAD$500
CAD$10,000 CAD$1,000
CAD$20,000 CAD$2,000
CAD$50,000 CAD$5,000
CAD$100,000 CAD$10,000
This lot is comprised of 1 bottle(s) of 1981 Penfolds Grange Bin 95 - 750ml. Estimate for this lot is between $600 - $850 with a reserve of $440. The wine in this lot belongs to collection 11523.

Condition

Please note the following condition/s on 1981 Penfolds Grange Bin 95 In Neck.

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All lots are located in Calgary, Alberta, Canada.  Confirmation of pickup or delivery of Iron Gate Commercial Auction winnings must be made within 60 days of auction close. Thereafter, your winnings will be subject to storage fees, including a $75 setup, subsequent $5.00/case/month and $1.25 per bottle fee for inventory services. If no contact has been made within two years, auction winnings will be considered abandoned.

 

It is the responsibility of the buyer to make all arrangements for insuring, packing and removing the property purchased and any assistance by the Auctioneer, or the employees of, agents or contractors in packing and removal shall be rendered as a courtesy and without any liability to them. The Auctioneer shall not be liable for any errors or omissions or damage caused by packers and shippers, notwithstanding the fact that the Auctioneer may have recommended such shippers or packers to the purchaser.

This Vancouver based consignor discovered fine wine after tasting Lynch Bages while on a trip to Scotland over 50 years ago. From that moment on, with Robert Parker as his guide, he did everything he could to buy top Bordeaux and after 20 or 30 years the wines were performing as predicted. All wine was purchased upon release and stored and immediately stored in a 1000 bottle wine cellar. The temperature was a constant 15C, and the humidity was always more than 50%. When he moved to a condo, the best wines (including all the bottles committed to Iron Gate) went immediately into a Silhouette cooler, once again at 15C. He hopes that his collection will please others as much as it did him.
The tasting note for 1981 Penfolds Grange Bin 95 is from Robert Parker and the score is 97 - The 1981 stood out as slightly superior. Winemaker John Duval always felt this was a tannic style of Grange, but the wine has shed its tannins, and this is one of the few vintages where the percentage of Cabernet Sauvignon was above 10%. Sweet notes of creme de cassis, cedarwood, charcoal, and barbecue spices are followed by a full-bodied, opulent wine displaying heady amounts of alcohol, glycerin, and density in its full-bodied, skyscraper-like texture. I was drinking this wine with great pleasure in the mid-nineties, yet here it is nearly 15 years later, and the wine does not appear to have budged much from its evolutionary state. This is a testament to how remarkably well these wines hold up, and age at such a glacial pace. Grange, Penfolds’ flagship wine, is, by many accounts, the most renowned and world-famous wine produced in Australia, and these six vintages from my cellar all acquitted themselves well. These wines are almost always Shiraz, but many vintages include less than 10% Cabernet Sauvignon, and there are cross-appellations blends from vineyards in the Barossa and McLaren Vale.