China laps up fine Australian wine

At a wine tasting event in Italy recently, a South Australian wine was poured and which, if you were able to buy it, would cost about $240 a glass. The Parawa Estate Ingalalla Grand Reserve 2007 is unlikely to be available to mere mortals, however, at least in Australia. The wine, produced on South Australia’s Fleurieu Peninsula, has a release price of $1100 per bottle. It will be a record release price for an Australian wine, beating out the Penfolds’ special release Bin 620 Coonawarra Cabernet Shiraz 2008 which was priced at $1000, and pitched well above the $625 this year’s Penfolds’ Grange is expected to command when it is released next week, reports AdelaideNow.