Penfolds is jacking up the price of Grange to an incredible $850

The price of Penfolds Grange, a golden goose made from grapes for Treasury Wine Estates, will jump another 8.3% to a new record of $850 when the 2012 vintage is released on October 20. It’s the first price increase in two vintages, when Penfolds shifted the release date from Autumn to Spring and increased the cost to $785. The 2012 is the 62nd consecutive vintage of the nation’s most famous wine.