Penfolds Grange 1951 sets new world record
A single bottle of Penfolds Grange with its founding winemaker Max Schubert’s signage has set a new world record price for any Australian wines sold at auction, fetching a whopping AU$142,131.
Tag: Penfolds
Over 4,000 bottles of smuggled fine wines intercepted at HK-Shenzhen border
Authorities in Shenzhen seized over 4,000 bottles of fine wines including Lafite, Mouton and Penfolds 707 and other high-value products worth more than RMB 18 million (US$ 2.31 million), as smugglers scurried to ferry the goods from tax-free Hong Kong to the mainland.
TWE launches Rawson’s Retreat from South Africa for China
Australian wine giant Treasury Wine Estates has quietly rolled out South Africa made Rawson’s Retreat for China to bypass up to 218% punitive tariffs imposed on Australian wines.
Shanghai police busts fake Penfolds and Bordeaux
A raid by Shanghai Police has uncovered over 50,000 bottles of fake wines including Penfolds and Bordeaux as well as known spirits and Baijiu brands worth over US$31.1 million.
China slams Australian wine with 218% tariffs for 5 years
China has announced its decision to impose up to 218.4% tariffs on Australian wines for a period of five years.
TWE’s Europe head resigns
Australian wine giant Treasury Wine Estates’ head of Europe, Middle East and Africa (EMEA) department has resigned two years on the job.
TWE profits down 24% due to pandemic and China tariffs
Global pandemic coupled with China’s crushing anti-dumping tariffs on Australian wines have shaved off 24% of profits for Australian wine giant, Treasury Wine Estates, parent company of Penfolds.
Penfolds unveils California collection
Penfolds, the flagship wine brand under Treasury Wine Estates, is again pushing the envelop and released for the first time wines carrying a “Wine of the World” label by blending California grapes with a touch of Australian addition.
Top ‘bullish’ wines for Chinese Year of Ox
We have rounded up top “bullish” wines from France, Italy, Spain and Australia to ring in upcoming Chinese Year of Ox.
Police bust biggest fake Penfolds operation in China
An inter-provincial police operation led by Guangzhou police has seized the biggest haul of fake Penfolds in China, with wines worth over US$20 million.