WWD reports on the rumor that the famed Chateau Latour vineyard may be up for sale very soon.
Rumblings are afoot that Francois Pinault, through his investment holding company Artemis, is looking to sell the tony Chateau Latour vineyard, as well as the Christie's International auction house. According to British press reports, the French business tycoon has hired Lazard to shop around the winery he purchased in 1993. He acquired Christie's five years later. A Christie's spokeswoman said the company does not comment on speculation. No one could be reached at Chateau Latour or at Artemis on Monday.
Pinault seems to be reorganizing his investments and dumping those he feels are not as profitable. The Chateau Latour vineyard is one of the most famous vineyards in the world, known for its fantastic vintages.