May 3, 2012
The Age
Costco wins the bragging rights for having the cheapest Grange.
Costco has trumped the major supermarkets in the battle to offer the lowest price for the latest Penfolds Grange 2007, selling the iconic and prestigious label for $489.99.
The US discounter revealed its pricing for the 2007 vintage after Coles said it would have a $499 price tag at its 1st Choice liquor outlet – a 20 per cent discount to the recommended retail price of $625.
Coles’ arch rival Woolworths announced on its Dan Murphy’s website that it will sell the latest vintage for $554.60. This price was put on the Dan Murphy’s website at 8am, however that price is expected to change as Coles and Woolworths battle it out to offer the most competitive price among the major supermarkets for Grange lovers. A six bottle purchase at Dan Murphy’s, however, matches 1st Choice’s $499 price tag.
While Costco wins the bragging rights for having the cheapest Grange, the price is only available at its three warehouse supermarkets in Melbourne, Sydney and Canberra where purchases must be made by ‘club members’.
In early unconfirmed reports, a government-owned liquor outlet in Canada is selling the Grange at $424 Canadian dollars ($416).
As shops begin to open this morning, 1st Choice will have the lowest price among the outlets owned by the supermarkets, although buyers will be limited to two bottles per customer.
Vintage Cellars, also owned by Coles, will have a price of $520 also with a two bottle limit.
The release of the latest Grange has been highly anticipated with leading liquor retailers eager to attract loyal Grange buyers with the lowest prices.
Outside of the major retailers, independent sellers are pricing the vintage slightly higher.
Nick’s Wines has the 2007 release at $550, Prince Wine Store is expected to charge $580-595 and an independent bottleshop in Elsternwick under the Cellarbrations banner has it for $600.
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