Burgundy winemakers furious at sale of chateau to Chinese | Inquirer Business

Burgundy winemakers furious at sale of chateau to Chinese

/ 02:29 AM August 23, 2012

Grape-pickers work among vineyards, picking grapes destined for the production of sparkling wine in the wine French region of Burgundy. Winemakers in one of Burgundy’s most prestigious areas have voiced dismay at the sale of the historic Chateau de Gevrey-Chambertin and its vineyards to a Chinese businessman. AFP PHOTO/JEFF PACHOUD

LYON, France—Winemakers in one of Burgundy’s most prestigious areas have voiced dismay at the sale of the historic Chateau de Gevrey-Chambertin and its vineyards to a Chinese businessman.

The 12th-century chateau was sold earlier this year to a gambling tycoon from Macau for an unprecedented figure of 8 million euros ($10 million), according to Jean-Michel Guillon, the president of the Gevrey-Chambertin winemakers syndicate.

Article continues after this advertisement

“We knew the chateau was for sale a year before it was concluded,” Guillon told AFP on Wednesday. “The association of winemakers that I represent and numerous other people had put together a project to buy it for the community and use it as somewhere for a visitor and reception center.”

FEATURED STORIES

The winemakers first offered 4 million euros, then 5 million for a property that Guillon said had been valued at 3.5 million when it first went on the market.

“The owners wanted 7 million and they sold it for eight. I hope this is not the start of a wave of foreign investors moving into Burgundy.

Article continues after this advertisement

“We are starting to say to ourselves that our heritage is going out the window because it is not the only (foreign) purchase we’ve seen in the area.”

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: China, France, wine

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.