Top 10 Australian fine wines27th December, 2012 by Rupert Millar
Australia is rapidly gaining ground in the trade and the public’s estimation as a fine-wine producing country of note.
As we said in the drinks business September issue: “The Australian wine investment market has evolved significantly over the past few years. Grange, once Australia’s only serious investment wine, now leads an ever-growing list of wines regularly traded for both profit and pleasure, with new players entering the fold.”
As the piece also made clear, in the 1990s Robert Parker’s high scores for certain wines (such as Torbreck RunRig and others which are not listed here) show that Australia has been rising for a long time and not been entirely unnoticed.
What makes Australia increasingly compelling is the mix of growing reputation and renown, the emergence of clearer regional narratives coupled with greater evidence of all-important geographical characteristics in the wine, relatively low prices and the realisation that many of the best wines have the potential to age for a considerable amount of time.
Several Australian companies are investing heavily in Asia too, and there is increasing interest for that doyenne of Australian wines, Penfolds Grange – though little is exported directly for now.
The list here is based on Langton’s Classification of Australian Wine Index (LCAWI), which follows what are considered to be the 28 leading Australian wines, based on Langton’s Classification of Australian Wine.
The wines are tracked by their performance at auction and then ranked as “exceptional”, “outstanding”, “excellent” or “distinguished”. The index utilises Langton’s considerable database, which allows it to track wines back to the 1980s.