Iron Gate Auctions
Timed Auction

IronGate Fine Wine Auction

Tue, Sep 17, 2024 10:00AM EDT - Tue, Sep 24, 2024 08:00PM EDT
  • 2005
  • 750ml
  • Australia
  • South Australia
  • Barossa
  • Barossa Valley
  • Cabernet Sauvignon
  • Red
  • HH973
  • HH978
Lot 804

2005 Penfolds Bin 707 - 6 bottle(s)-750ml

Estimate: CAD$1,900 - CAD$2,800

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 6 bottle(s) of 2005 Penfolds Bin 707 - 750ml. Estimate for this lot is between $1900 - $2800 with a reserve of $1400. The wine in this lot belongs to collection 11530.

Condition

Please note the following condition/s on 2005 Penfolds Bin 707 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.

Based in Calgary, this consignor has had a lifelong relationship with wine. He vividly remembers bottles of Chateau de La Gardine Chateauneuf du Pape on his family’s dinner table and how he enjoyed playing the part of "wine steward". In his 20s he had friends who worked for prominent fine wine merchants and had his first “a-ha” wine moment after tasting a 1988 Columbia Crest Merlot. He was a sales representative for Britannia Wine Merchants and his association and interest in fine wine and dining led to trips to the major wine regions of the world. He began drinking the fruit forward wines of Napa and Sonoma but his taste soon expanded to the more subtly expressive wines of the old world. He was always curious about the ageing process and its ability to soften tannins and develop secondary and tertiary characteristics in wine - so he began to buy and cellar Bordeaux from the 1988, 1989 and 1990 vintages in the early 1990s, as well as select purchases of Barolo and Super Tuscans throughout that period. Much of his collection was purchased upon initial release through several private wine stores in Calgary and a significant subset was procured directly from the winery or as part of library offerings. All bottles have slept at 55F and approximately 70% humidity away from light and vibration. He had always intended to consume these wines with family and friends and has been extremely diligent about proper storage conditions.
The tasting note for 2005 Penfolds Bin 707 is from Robert Parker and the score is 94 - The 2005 Bin 707 Cabernet Sauvignon was aged for 16 months in 100% new American oak hogsheads. Already complex aromatically, scents of cedar, sage, clove, mineral, black currant, and blackberry waft from the glass. Smooth, layered, and bordering on opulent, this will be a long-lived Cabernet which should drink well for 25 years.