Thought this might cheer you up:
€255,000 for approximately 380 bottles per year worth of villages Puligny. If you can get €700 per bottle, you’ll pay for it in only 1 year!
Oh, but don’t forget, you will also need somewhere to make wine…
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There are 6 responses to “a new section – vines to buy – in puligny…”
Bill, this should be a really interesting section. Are you seeing many plots for sale?
As I understand it Ray – there is a reasonable amount of land ‘available’, but it’s only a relatively small proportion that actually get to the ‘advertised’ stage like this. I wouldn’t put up any examples of word of mouth properties as it might only be gossip…
I’ve heard…and seen the same as you mentioned. The best never make it to the public. It is still interesting. I visited their site and saw some Gevrey as well. Keep ’em coming Bill…as they trickle in.
Ray – A contact tells me that there is plenty of Gevrey villages for sale – out in the alluvial plain, and it is about 30% cheaper than one year ago – but no-one is buying even at the lower tariff, as the resulting wines would still not be ‘commercial’.
Do you as a matter of normal course track whats happening with land prices? It seems from what little I know that commercially successful plots are highly fractured (many owners) and don’t come available all that often.
We are coming up on a once in a 3 generation opportunity for those with cash to buy assets on the cheap, burgundy shouldn’t be an exception.
Josh, great point. I know I have been looking and it is quite surprising to see what is available. Not too long ago, nothing was on the open market for ‘outsiders’ to see.