World record in vineyard prices: billionaire buys Clos de Tart Grand Cru in Côte d’Or

Clos de Tart is a 7.5 hectare grand cru vineyard in Morey-Saint-Denis in the Côte de Nuits. The vineyard has been known for many hundreds of years and is owned by the Mommesin family since the 1930s. Now, however, that is about to change. François Pinault, one of France’s richest men, will be the new owner of this prestigious vineyard. Pinault already owns other wine properties, including Château Latour in Bordeaux.

At Clos de Tart his neighbour will be another billionaire businessman with an interest (mainly financial) in the wine industry, namely LVMH’s Bernard Arnault (Château d’Yquem, Château Cheval Blanc et al.), who bought the grand cru Clos des Lambrays a few years ago.

Unconfirmed rumours says that the price may have been as high (or close to) 250 million euros which would equate to 34 million euros per hectare. Or 3400 euro per square metre.

Morey-Saint-Denis is a small commune of 93 hectares. However, it is well-endowed with grand cru vineyards. In addition to already mentioned Clos de Tart and Clos des Lambrays, also Clos Saint-Denis, Clos de la Roche and part of Bonnes Mares (the other part belongs to the neighbouring village of Chambolle-Musigny). Read more

(If you want to know more on this region – and know a bit of Swedish – you can read our book on the wines of Burgundy.)

Clos de Tart grand cru bourgogne, Morey Saint Denis

Clos de Tart grand cru bourgogne, Morey Saint Denis, copyright BKWine Photography

This post is also available in: Swedish

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