Sonoma Icon Sebastiani Sold for Reported $47 Million
Issue: February 28, 2009
The Foley Wine Group has purchased Sebastiani Vineyards, one of the cornerstones of the Sonoma County wine industry. The family-owned winery, founded in 1904, had been on the market in recent months, according to Mary Ann Sebastiani Cuneo, one of the former owners, but at least two potential deals fell through before this one was made.
For the full article, check out the new issue of Wine Spectator, on newsstands January 26, 2009.