VTN: 2009 Penfolds Bin 389 Cabernet Shiraz

Tasting panel video, April 2012.

Initial response from the tasting panel of this wine was that it is not a long term cellaring prospect and in fact it will reach its peak over the next 7 - 10 years.

Based on these results it is my opinion that the value of this wine when it comes to auction will be undermined by the negative opinions prevalent in the wine community and it will sell at less than the average market price of other vintages.

ITB Wine Auctioneer

Had my last bottle from the 98 vintage a few months ago and it was killer! Plenty of ripe fruit and at a great drinking window. It was a fantastic deal at $20 but at $35.00 (Ohio pricing) for their more recent stuff, I haven’t been a buyer, although I assume its still quality wine.

I haven’t bought this wine for some time (nor any Aussie wines really), but looking at CellarTracker I’m surprised by how much it has escalated in price since then. I bought the 2004 at Costco for $16.99 several years ago.

The prices for the standard Bin range has escalated and caused no end of controversy.

However, thats nothing compared to what is about to hit the fan this week as they release the Icon and luxury range including Grange and 707…

My jaw literaly hit the ground when I saw the price for the Bin 707.

2007 Penfolds Grange from $625.00 RRP
2009 Penfolds Yattarna Chardonnay $130.00 RRP (cellar door and on-premise)
2010 Penfolds Reserve Bin A Adelaide Hills Chardonnay $95.00 RRP
2008 Penfolds St Henri Shiraz $95.00 RRP
2009 Penfolds Bin 707 Cabernet Sauvignon $250.00 RRP
2008 Penfolds Bin 169 Coonawarra Cabernet Sauvignon $250.00 RRP (cellar door)
2009 Penfolds RWT Barossa Valley Shiraz $175.00 RRP
2009 Penfolds Magill Estate Shiraz $130.00 RRP (cellar door and on-premise)