Iron Gate Auctions
Timed Auction

Iron Gate Fine Wine Auction

Tue, Feb 3, 2026 10:00AM EST - Tue, Feb 10, 2026 08:00PM EST
  2026-02-03 10:00:00 2026-02-10 20:00:00 America/New_York Iron Gate Iron Gate : Iron Gate Fine Wine Auction https://bid.irongateauctions.com/auctions/iron-gate-wine/iron-gate-fine-wine-auction-21106
Our first auction of 2026 opens with an exceptional catalogue of 1,647 lots. Whether you’re hunting for a single Mouton Rothschild, a 6-pack of Napa Cab, or impressive large-format Super Tuscans, our February auction has it all. Register now and take advantage of this perfectly curated catalogue. **Please note: A Buyer's premium of 17.5% is applicable to this sale.** Operated under license by Alberta Gaming Liquor and Cannabis and Alberta Auction license #820666.
Iron Gate Auctions info@irongate.wine
  • 1998
  • Red
  • Shiraz
  • South Australia
  • Australia
  • 750ml
  • 100 points
Timed Auction in Progress ... Currently on Lot
Lot 1432

1998 Penfolds Grange Bin 95 - 1 bottle(s)-750ml

Estimate: CAD$640 - CAD$900
Current Bid
CAD$480
$352.94

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 1998 Penfolds Grange Bin 95 - 750ml. Estimate for this lot is between $640 - $900 with a reserve of $480. The wine in this lot belongs to collection 11733.

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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 30 days of auction close. Thereafter, your winnings will be subject to a $250 handling, administration and storage fee, including a subsequent $5.50/case/month and $1.50 per bottle fee for inventory services. If no contact has been made within two years, auction winnings will be considered abandoned.

 

Please note that auction winnings from earlier auctions cannot be combined with current or future winnings for shipping purposes. Each auction's items will be processed and shipped separately.

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.

On a trip to Paris, a leather-bound Champagne list organized by grape, vineyard, and year sparked the consignors’ interest in wine. They began attending tastings held by restaurants, agents, and the LCBO, buying the best from these events, including the 1985 and 1996 Krugs purchased directly during a presentation by Remy Krug in Toronto. They collected heavily from the mid-1990s to mid-2000s, focusing on wines they tasted personally or that were highly rated by Robert Parker. The collection contains no private auction or individual purchases; every bottle was sourced through the LCBO, agents, or specialty shops during their travels. Prior to auction, all wines were stored in temperature and moisture-controlled fridges. A high-end restaurant recently opened several of their bottles, noting the impressive quality and condition despite long-term storage.
1998 Penfolds Grange Bin 95 from this lot has the following scores - Falstaff Magazine 100 points. This is the tasting note for 1998 Penfolds Grange Bin 95 from Robert Parker - with a score of 98. A wine that flirts with perfection, and should rival the 1986 as one of the legendary Granges produced, the 1998 has one of the highest alcohol contents (nearly 15%) as well as one of the highest percentages of Shiraz in the blend (97%). Its stunning purple color is accompanied by exceptionally sweet aromas of blackberry liqueur intermixed with barbecue spices, an endearing, smoky earthiness, pepper, roasted meats, and coffee. Huge, massive, unctuously textured, and extraordinarily youthful, this impressive wine is a candidate for perfection. It should continue to evolve over the next three decades. 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.