A collection of Penfolds Grange spanning from its inaugural 1951 vintage to 2015 vintage was sold for a record price of AU$431,000 to an anonymous buyer in Sydney, smashing its previous record from last year.
China has announced today that it will slap up to 212% temporary anti-dumping tariff on Australian wine exports starting from this Saturday. See the full list of tariffs levied on each Australian company here.
In this explainer, we laid out all the facts surrounding China’s shocking ban on Australian wine imports, as well as reactions from Australian, Chinese governments, importers, logistics companies and wineries.
Australia’s mining magnate, Andrew Forrest, is eyeing to buy the iconic Australian wine brand Penfolds, after its parent company Treasury Wine Estates floated the idea of demerging the brand earlier this year.