The Californian cult vineyard Screaming Eagle has just changed hands. Charles Banks and Stanley Kroenke, two financiers, acquired it from Jean Phillips who, according to press information, had liquidity problems – in spite of sometimes astonishing prices on the wines. (A six litre bottle of the 1992 vintage sold for $500,000 on auction once, admittedly a charity auction.) The price has not been announced but the value of the vineyard has been estimated at around $30 million. decanter.com
Tuesday, April 18, 2006
Screaming Eagle in California sold
The Californian cult vineyard Screaming Eagle has just changed hands. Charles Banks and Stanley Kroenke, two financiers, acquired it from Jean Phillips who, according to press information, had liquidity problems – in spite of sometimes astonishing prices on the wines. (A six litre bottle of the 1992 vintage sold for $500,000 on auction once, admittedly a charity auction.) The price has not been announced but the value of the vineyard has been estimated at around $30 million. decanter.com
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