The hammer went down this week to signal a record price paid for an Australian wine and it appears our appetite for the finer things in life hasn't dimmed in isolation.
The hammer went down this week to signal a record price paid for an Australian wine.
The retail sector was battered through the COVID-19 pandemic, with clothing, footwear and personal accessory sales falling 53.6 per cent for the seasonally-adjusted month of April, the Australian Bureau of Statistics said. The Australian wine retailer sold 1092 bottles of Penfolds during its 'Rewards of Patience Auction' that closed Tuesday. A complete set of Grange from 1951 to 2015 was sold by in December for $372,800 by the auctioneer, which puts a 16.5 per cent buyer's premium charge on top of the hammer price.
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