Saint-Émilion classified growth sells for €75 million

Tuesday April 13 2021 by Vitisphere

 The property has been in the family since 1847 and Joséphine Duffau-Lagarrosse will be the eighth generation of the family to run it. The property has been in the family since 1847 and Joséphine Duffau-Lagarrosse will be the eighth generation of the family to run it. - Photo credit : Château Beauséjour Héritiers Duffau-Lagarrosse

The Aquitaine board of directors of French land registry authorities (SAFER) officialised the sale of the disputed Château Beauséjour Héritiers Duffau-Lagarrosse (6.75 hectares of Premier Grand Cru Classé B) on 7 April. The winning bid was ultimately that of 30-year-old agricultural engineer and winemaker Joséphine Duffau-Lagarrosse, the daughter of the current co-manager, Vincent Duffau-Lagarosse, with the financial backing of the Courtin family. The family is at the helm of Clarins cosmetics, and this is its first foray into the wine industry. “We acknowledge the choice made by SAFER and will carry the process through”, Christophe Redaud, co-manager of the chateau, told Vitisphere.

In light of the emerging controversy, SAFER took the unusual step of issuing a press release where it defended a decision “which favours both the installation of a young winegrower and the future of a wine estate”. In a bid to ensure transparency, SAFER specified that its call for bids to buy the property for €75 million received four applications. Regarding its choice of bidder, SAFER stated that it “supports a sustainable agricultural project that respects biodiversity” and “maintains the long-standing connections between the wine estate and one of the members of the Duffau-Lagarrosse family”.

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