Penfolds

Luxury Wine's Business Model Faces a Test of Maturity: Gadfly

What is wine? Is it a luxury product, or a staple good? A bottle of 1946 Petrus can cost more money, gram for gram, than gold. At the other end of the s...

Is This Australian Red Wine Really Worth $850 a Bottle?

At 9:15 p.m. last Thursday, I was being happily seduced by a first taste of the 2012 vintage of Penfolds Bin 95 Grange, Australia’s iconic red&n...

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