Sales of California vineyards to reach peak

A string of sales of premium vineyard properties across California this year is set to make 2012 the most successful since the previous peak of 2007.

Sales of Californian wineries and vineyards are due to reach US$800 million by the end of the year, according to San Francisco-based consultants Demeter Group, reports Bloomberg.

Buoyant interest in California has seen premium purchases this year such as PlumpJack Winery buying 50 acres in the Stag’s Leap district of the Napa Valley.

Speaking to Bloomberg, Stephen Rannekleiv, U.S. wine analyst for Rabobank, said: “There’s lots of interest in good California properties right now. If you’ve got vineyard acreage, it’s a hot commodity.”

Leave a Reply

Your email address will not be published. Required fields are marked *

Please note that comments are subject to our posting guidelines in accordance with the Defamation Act 2013. Posts containing swear words, discrimination, offensive language and libellous or defamatory comments will not be approved.

Subscribe to our newsletters

Sales Executive

Elixir Distillers
Home or Office based with International Travel, UK

London Sales Account Manager

Negociants UK Ltd
London, UK

Awards Wine Checker

Decanter
Paddock Wood, Kent, GB

Customer Service Advisor

Amathus Drinks
Park Royal, London, UK

Sales Manager

James Eadie Ltd
London, UK

Wine Ambassador Role

Ramón Bilbao UK
London, UK

Fine Wine Logistics Coordinator

IG Wines
London, UK

Sales Manager

Top Selection
London, UK

Assistant Retail Manager

The Whisky Exchange
London, UK

Marketing Manager

Ellis Wines
Hanworth, Middx, GB

The Global Spirits Masters Lunch

London,United Kingdom
1st Dec 2017

International Bulk Wine and Spirits Show

London,United Kingdom
26th Feb 2018
Click to view more

Champagne Masters 2017

The only Champagne blind tasting in the UK, the competition will reward the best wines in the following categories:

The Global Rosé Masters 2017

With wines from the palest of pink to almost ruby red, bone dry to almost cloyingly sweet, reductively handled to barrel-aged, as well as gently spritzy to fully sparkling.

Click to view more