Once known for cheap, hard, leathery Shiraz and vast lakes of unwanted Chardonnay with the life oaked out of it, Australia is now rivalling Napa in both quality and price.

So much so that some of the figures in this list would not look out of place in the high-end Burgundy market; although there are few surprises as to who these big names are, with Penfolds and Henschke Hill featuring heavily. And it probably doesn't come as a shock to find Shiraz the champion grape or that this list is entirely dominated by reds.

Hot Barossa Valley and cool Eden Valley seem to be the two regions churning out the truly top-end stuff. But perhaps what’s most interesting to note is that the Rhône Valley, arguably Australia's French equivalent with their Syrah and hot red blends, commands no where near the same prices. The most expensive Châteauneuf-du-Pape listed on Wine-Searcher has an average price of just $627.