Monday, July 18, 2011

Hot

Will this hot weather give us again another 2003-style in Bordeaux? Will rain storms help the veraison begin? I hope so.

High quality properties are selling well. I thought that Lascombes, which has proven its potential since 2001 and knowing nothing about the dossier, would have interested one of my friends for up to 180 million, has been sold for 200 million. Congratulations to the buyer, an insurance company, who will continue the work done by Colony and make Lascombes one of the best second crus of the 1855 classification.

Tertre Daugay was also sold – to the company that owns Haut Brion and Matras from Chateau Canon, consolidation... Top brands are able to spread, the reasons to sell are just as numerous today than yesterday: ownership, inheritance, conflicts, retirement, opportunity...

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