winery sales

Burgundy is a small, tightly knit world. Major transactions are rare, and people keep their own counsel. But my sources tell me that a significant deal is in the works.

I have been informed by reliable sources that Vincent Girardin, a highly esteemed grower and winemaker who has been building a small but important négociant arm, is selling his business. The price is rumored to be $52 million to $65 million (at today's rate of $1.30 to the euro).

This would be a major deal for the region, comprising approximately 113 acres of vines. Girardin personally owns roughly 54 acres in the Côte de Beaune, about half of that in Santenay. In addition, there are an additional 57 acres under a holding company, including vineyards in Chassagne-Montrachet premiers crus Morgeot and Les Caillerets, Puligny-Montrachet La Garenne, Les Pucelles and Les Referts and grand cru Corton-Charlemagne.

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Three Top Portuguese Winemakers Team Up

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Is Bordeaux Becoming France's New Chinatown?

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Posted: December 8, 2011

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Boisset Bets on the South of France

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Posted: December 2, 2011 By Ben O'Donnell

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Napa's Tallest Winemaker: Yao Ming

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Posted: November 28, 2011 By Ben O'Donnell

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Buy Small, Think Big

Bill Price is becoming a major player in California wine by targeting small wineries with loyal customers

Posted: November 18, 2011 By MaryAnn Worobiec

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Boisset Family Estates Expands into Monterey

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Posted: November 3, 2011 By Augustus Weed

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One of Port's Biggest Players Grows Bigger

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Posted: November 1, 2011 By Luis Antunes

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Sbragia Family Vineyards Takes on a New Partner

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Posted: October 27, 2011 By Augustus Weed

Oct. 15, 2011 Issue : Features

World Watch

Posted: October 15, 2011 By Diana Macle, Lizzie Munro, Mitch Frank

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Fiji Deal Part of a Wave of Investment

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Blogs : James Laube's Wine Flights

The State of Napa Real Estate

Robert Mondavi’s estate is being auctioned

Posted: October 7, 2011 By James Laube

There's been little movement in wine country real estate. Few vineyards or wineries have been sold for the same reasons the rest of the country's real estate market has been stuck. It's a terrible time to sell, and a difficult time to buy or borrow.

Case in point: The late Robert Mondavi's Napa Valley estate is being offered at a sealed-bid auction Nov. 16 in what amounts to a half-off sale. The 56-acre property where the famous vintner and his wife Margrit resided for years came on the market in 2010 for $25 million, then dropped to $20 million, and now a minimum bid of $13.9 million is the asking price.