Big News! Make that very big news. In breaking news, Chateau Troplong Mondot was sold to SCOR Group by Xavier Pariente, the owner of Chateau Troplong Mondot. The SCOR group is a massive French Insurance Company that was formed in 1970. This is their first investment in Bordeaux. While details on the transaction are a closely held secret, the rumors are that price paid was close to 180 Million Euros! That is a record setting price for land in St. Emilion at close to 5.5 Million Euros per hectare.
That makes 3 sales of Classified vineyards in the Right Bank in one week! For details on the 2 other sales just announced 2 Classifed Growth Vineyards Sold in 1 Week!
What makes this transaction unique is that the other 2 vineyard sales that took place this week were for smaller estates that sold to owners of vineyards that were classified as Premier Grand Cru Classe B with the potential to have those vines merged into the larger, higher classified vineyards. Troplong Mondot is the first sale in years of a First Growth classified vineyard! Troplong Mondot earned their status in the 2012 Classification of Saint Emilion.
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