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I like champeaux, but…

€175,000 sounds quite a lot for only 0.272 hectares – even if they are close to 50 year-old Gevrey 1er cru vines…

Of-course you may be more interested in the Marsannay – then you’d be able to make rosé!

5 responses to “I like champeaux, but…”

  1. Will

    Bill,

    Your rss isn’t working for me again. I’ll check it out later to see is it my reader or your feed.

    Cheers,
    Will

    1. billn

      There is some dodgy ‘pointing’ problem at my side – fix one problem and another appears! I’m (sort-of) working on it!
      Thanks Will

  2. Blair Pethel

    Believe me, 175K is CHEAP for that parcel.

    That said, you’d only own it; you’d have no right to farm it or make wine from it, as there’s a leaseholder in place. Eventually, at the lease’s end (which could be 25 years) you could take over the vines, but only if you have a French viticultural qualification and agree to farm them personally for at least five years. Ah, the joys of La Safer.

    Market value of that parcel, free of any encumbrances, would be closer to three times what they’re asking…

    1. billn

      With a leasholder already in place, I assume as owner you’d get 30-50% of the bottles/crop (to be defined) or not? Would this be classed more as Fermage or not even that?
      See you soon
      Bill

  3. Blair

    Depends on the lease. Fermage you get either cash or the bottle equivalent, but to a legal maximum of four barrels per hectare. So the investor would get about 300 bottles a year if he wanted the wine — assuming the maximum fermage. If it’s metayage, you get one-third of the grapes. It’s only one-half for grands crus.

Agree? Disagree? Anything you'd like to add?

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