Wine Spectator: Gap’s Crown, A Top Sonoma Coast Pinot Noir Vineyard, Is SoldJanuary 23, 2013
Gap’s Crown, a Sonoma Coast vineyard that supplies Pinot Noir to top producers like Kosta Browne, Patz & Hall and MacPhail, has been purchased by Bill Price, a financial investor who has taken a stake in several leading California vineyards and wineries in recent years, Wine Spectator reports.
Price would not disclose a sale price for the 138-acre vineyard, but he did offer this ballpark figure: “We have crossed the threshold of $100,000 an acre for a Sonoma vineyard.” Price holds ownership interests in wineries such as Kistler, Three Sticks, Gary Farrell and Kosta Browne, as well as Durell Vineyard.
First planted in 2002, Gap’s Crown includes 106 acres of Pinot Noir and 32 acres of Chardonnay and is located in the cool and windy Petaluma Gap in southwestern Sonoma County. “I’ve seen the quality of the fruit,” Price told Wine Spectator. “It was a perfect fit for our portfolio.”