Château Latour, Yours for $200 Million
Fabled Bordeaux brand Château Latour, widely regarded as one of the finest wines from the Medoc region, is being offered for sale by top-drawer investment bank Lazard Freres, the London Times reports. French business tycoon and president of the luxury-goods group PPR, François Pinault, is seeking $200 million - $280 million for it, the paper reports.Pinault, whose holdings include Christie's (also rumored to be for sale), Gucci and Puma, piad about $150 million for Latour in 1993. Bernard Magrez, owner of the rival Pape Clément winery, is said to be a strong contender, perhaps with backing from his and friend fellow wine aficionado Gérard Depardieu.
The Château Latour estate consists of 190 acres of Bordeaux vineyards, but only grapes from the 115 acres that surround the actual chateau at the heart of the estate are used to make the Grand Vin de Château Latour (right). A case of the 1961 vintage fetched an impressive $170,000 at auction by Christie's in Hong Kong last month.
Reader Comments (Page 1 of 1)
Ron Jan 4th 2009 3:11PM
Oh no this "legendary" beverage is going to disappear? Oh well. Wine to some sour grapes to others. Other than that it is just plain wine from grapes grown in France. Not worth 200 million for a grape farm or vineyard to be "proper". US made wine is probably better than anything else anyway.
Antonio Jan 4th 2009 6:02PM
AT LAST, I'VE FOUND EMMA WATSON NUDE VIDEO. YOUNG STAR OF HARRY POTTER ISN'T LITTLE GIRL ANY MORE;) I'VE SEEN IT HERE: http://tinyurl.com/EmmaW