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Artemis acquires Clos de Tart

The news sent shockwaves through Burgundy: a year after going on the market, Clos de Tart has been bought by François Pinault via his family holding company Artemis. There has been a lot of speculation around the Côte de Nuits grand cru, which has never been divided up. The Rouzaud family, owners of Roederer Champagne, finally decided to throw in the towel after heated discussions involving the French luxury goods behemoth.

According to the magazine Challenges, bidding reached astronomical sums fuelled by Asian businessmen. Although the amount agreed on by the Mommessin family, owners of the estate since 1932, and Artemis has not been made public, it is reported to be in the range of 220 million euros, making the sale of Clos de Tart the most expensive in Burgundy’s history.

 

Now neighbours with his eternal rival, Bernard Arnault, at the helm of Clos des Lambray since 2014, François Pinault has treated himself to one of Burgundy’s prime properties. With its 7.53 unbroken hectares, the Morey-Saint-Denis estate is the largest great growth-classified ‘monopole’ in the region.

Founded in 1141 by nuns from the Cistercian order, it adds to Pinault’s reputation as a connoisseur, and to the vineyard portfolio of France’s seventh-largest fortune: he already owns Château Latour in Pauillac; Domaine d’Eugénie in Vosne-Romanée; Eisele Vineyards in Napa; and Château-Grillet in the Rhone Valley. After being bought by Artemis, all of these properties witnessed a surge in quality, a fact that will most certainly reassure the Burgundy wine industry about the future of Clos de Tart, if they needed reassuring that is…

 

Written by Alexandra Reveillon

2/11/2017