KKR’s Spurned Offer for Treasury Puts Focus on Penfolds
date:Jul 15, 2014
wine and its 1998 vintage as one that flirts with perfection.

A 12-bottle case of the 1998 is listed at London merchant Fine+Rare for 3,591 while six magnums of the 2006 vintage are priced at 7,525.

The value of Penfolds to Treasury stems from the boutique character of its wines. Melbourne-based Treasurys vineyards worldwide cover 11,000 hectares, according to its website. Penfolds and other brands also buy grapes from third-party producers. Penfolds has vineyards in the Barossa and Eden Vall
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