Iron Gate Auctions
Timed Auction

IronGate Fine Wine Auction

Tue, Feb 6, 2024 10:00AM EST - Tue, Feb 13, 2024 08:00PM EST
  • 1989
  • 750ml
  • Australia
  • South Australia
  • Shiraz
  • Red
  • DD751
  • DD752
Lot 954

1989 Penfolds Grange Bin 95 - 750ml - 2 bottle(s)

Estimate: CAD$1,400 - CAD$1,900

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 2 bottle(s) of 1989 Penfolds Grange Bin 95 - 750ml. Estimate for this lot is between $1400 - $1900 with a reserve of $550. The bottles in this lot come from collection 11382.

Condition

Fill Level

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.

An Alberta based consignor, this collection features wine from the major regionsof the world with a focus on Bordeaux and Burgundy. All wine has been stored in a temperature and humidity controlled cellar before coming to Iron Gate.
The score for 1989 Penfolds Grange Bin 95 is 93 from Robert Parker and the tasting note - A very hedonistic, almost decadent style of Grange, this blend of 91% Shiraz and 9% Cabernet Sauvignon from three grape sources - Kalimna in the Barossa, Penfolds' other sources in the Barossa, and McLaren Vale - is a gorgeously opulent, almost Pomerol-like Grange with an over-ripe characteristic to the fruit. Cherry liqueur intermixed with cranberry and cassis presented in a seductive, full-bodied, very soft, forward style is truly not the classic Grange in the sense of having huge structure and massive concentration, but this wine is loaded, very corpulent, and fleshy. The wine is going to last for up to two decades, but it will be uncommonly succulent and delicious to drink young, as it was several months ago. Among the young vintages of Grange, this is perhaps the most flattering wine that they have produced over the last 20 years, at least for such a relatively young wine. 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.