Australia’s Most Expensive Wine Costs $1,000 Per Bottle
Lately, the Australian wine industry has been rather pessimistic over the size of its exports. But a soon-to-launch wine that costs $1,000 a bottle could get rid of the gloom. The wine in question is Penfolds’ 2008 Special Bin 620, poised to become Australia’s most expensive wine . Coonawarra cabernet and shiraz go into the making of this fine wine. As expected, these will be limited edition bottles – only 1,000 cases will be released throughout the world. However, the global launch will not take place in Australia. Penfolds is taking the wine to Shanghai instead, a move that indicates the growing importance of Asia in the fortunes of Australian wine producers. Asia currently accounts for 10 percent of Australia’s wine exports. Recorking clinics and wine education in Hong Kong and Shanghai will accompany the grand global media launch and high-profile dinner that follows. Invitees to the dinner will include business bigwigs, high-flying wine industry represent...