Iron Gate Auctions
Timed Auction

Iron Gate Fine Wine Auction

Tue, May 5, 2026 10:00AM EDT - Tue, May 12, 2026 08:00PM EDT
  2026-05-05 10:00:00 2026-05-12 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-21730
We are pleased to present another outstanding Fine Wine Auction, running May 5–12. We invite you to explore a curated catalog of over 1,100 lots, featuring Old World titans from Bordeaux, Champagne, and Tuscany. For enthusiasts of New World Cabernet Sauvignon, the selection is equally impressive, headlined by iconic cult producers from California and Washington. **Please note: A Buyer's premium of 19.5% is applicable to this sale.** Operated under license by Alberta Gaming Liquor and Cannabis and Alberta Auction license #823163.
Iron Gate Auctions info@irongate.wine
  • 2004
  • Red
  • Cabernet Sauvignon
  • Barossa Valley
  • Barossa
  • South Australia
  • Australia
  • 750ml
Lot 900

2004 Penfolds Bin 707 - 1 bottle(s)-750ml

Estimate: CAD$360 - CAD$500
Starting Bid
CAD$260
$191.18

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 2004 Penfolds Bin 707 - 750ml. Estimate for this lot is between $360 - $500 with a reserve of $260. The wine in this lot belongs to collection 11768.

Available payment options

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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.

Growing up, wine was a staple of his family’s table and remains central to his own celebrations today. His collecting journey began in earnest in 2014 after completing a 400-bottle custom cellar; motivated by the sight of empty racks, he began sourcing premium bottles through the LCBO and during business travels across Canada. While his palate now spans a balance of Old and New World styles, his collection remains anchored by a sentimental focus on Australia—the origin of the first bottle he shared with his wife. This consignment features a notable selection of Penfolds; the Grange bottles were maintained in their original wooden cases, with all wines stored horizontally in a dedicated, climate-controlled environment to ensure pristine provenance.
2004 Penfolds Bin 707 from this lot has the following scores - James Halliday 96 points, The Wine Advocate 95 points.