Wine Spectator: Bordeaux Futures? Tough Sell. Wineries? Big Deals AboundMay 8, 2014
Sylvie Cazes has acquired St.-Emilion Grand Cru Classé Château Chauvin, owned by the Ondet family since 1891, for an undisclosed sum. Chauvin is a 37-acre estate in St.-Emilion’s northwest near Pomerol. It has been under the management of two sisters, Marie-France and Béatrice Ondet, for the past two decades.
The Chauvin sale is one of several recent Bordeaux deals. Despite three tough-to-sell vintages, demand for Bordeaux properties has not declined. Investors, both French and international, continue to see the region’s wineries as a valuable commodity. Wine Spectator has the full story here.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.