Clos Pegase in the Napa Valley sold23rd August, 2013 by Lucy Shaw
Clos Pegase Winery in the Napa Valley, loved as much for its art collection as for its wines, has been sold to Vintage Wine Estates for an undisclosed sum.
The sale, completed on Tuesday by Vintage Wine’s president Pat Roney, includes 182 hectares of vineyard land in Calistoga and Carneros.
Close Pegase was founded in 1983 by Jan Shrem and his late wife Mitsuko and served as a home for their personal art collection including works by Henry Moore, Francis Bacon and Richard Serra.
“It is with admiration and respect that I pass the torch of my beloved Clos Pegase to Pat Roney and Vintage Wine Estates.
“I know they will build upon my success and carry forward my passion for great wine, art and hospitality,” said Shrem, who recently turned 83.
Richard Sowalsky is set to stay on as winemaker, with production expected to expand under its new owners.
Roney is keen to replant sections of the Calistoga and Carneros vineyards in order to focus more firmly on Cabernet Sauvignon, Chardonnay and Pinot Noir.
Designed by architect Michal Graves to serve as a “temple to wine”, since opening in 1987, Clos Pegase has been a popular tourist attraction for both wine and art lovers, with Shrem offering tutorials on art and wine through the ages.
Unfortunately for Roney, Shrem’s art collection was not included in the sale.
Clos Pegase produces around 25,000 cases of wine a year of Cabernet Sauvignon, Chardonnay, Merlot, Sauvignon Blanc and Pinot Noir.
This is the second high profile Napa winery sale this summer. Last month, Bart and Daphne Araujo sold Araujo Estate to Château Latour owner François Pinault.