"Benessere Vineyards, once listed for $35 million, has seen its asking price drop to $28 million, yet it still attracted no serious offers, leading to an auction."
"The winery built its reputation on Italian varietals, including Sangiovese, Sagrantino, Aglianico, Falanghina, and pinot grigio, which may have limited its buyer pool."
"The estate includes roughly 30 acres of planted vines, a full winery facility, a tasting room, and two residential homes, adding to its value."
"The sale marks the end of a long chapter for the Benish family, who purchased the property in 1994 for around $1.5 million amid personal and practical challenges."
Benessere Vineyards, a 43-acre estate in Napa Valley, is facing difficulties in selling after reducing its price from $35 million to $28 million without serious offers. The winery, known for its Italian varietals, is now set for auction with expectations of a sale between $8 million and $12 million. The decision to sell comes amid personal challenges for the Benish family and a broader slowdown in high-end vineyard sales in California due to rising costs and softening wine demand.
Read at California Post
Unable to calculate read time
Collection
[
|
...
]