Australia bows to new rankings

After years of sneering at the Old World's petty rules and arcane classifications, Australia, the New World's heavyweight player, has seen the light.

A new classification system for Australian wines, the Langton Classification IV, is a market assessment of a wine's prospects on the auction and fine wine sale market, by leading Australian auction house Langtons.

Classification is perhaps elitist and exclusive, but Australia has now embraced it as the best method for ...