Everyone Has Their Price
Some offers for Napa wineries and vineyards are too good to refuse
Posted: Jul 28, 2011 1:00pm ET
When someone pays $40 million for a boutique winery in Napa Valley, as someone apparently did last month, it essentially means that everyone is for sale. Who would turn down $40 million for a 12-acre, 600-case operation, even if the Cabernet sells for $600 a bottle?
As rumors of the sale spread, several names were mentioned. When I asked a few owners about the numbers, and whether they would sell for that kind of price, all said they'd definitely consider it.
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