Wine Talk

Snooth User: JonDerry

Domaine Ponsot to be sold?

Posted by JonDerry, Mar 9, 2017.

My big day mixing in the wine world as I've kind of helped break this news, owing to a friend of mine who is close to Laurent Ponsot. Same friend from the Netherlands who GregT and I tasted with in San Diego. Anyhow, Peter from WS contacted me this morning for info and I was able to speak with him right after he spoke to Laurent and before the story went up.

WS story

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Replies

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Reply by amour, Mar 9, 2017.

JONDERRY....YOU ARE THE MAN.....YOU ARE CONNECTED INDEED!

We appreciate having input from our members all and particularly your type of input....breaking news!

What the implications may be, will be left to be seen, I guess....please keep us posted!

I DO HOPE THAT THEIR MOREY-SAINT-DENIS REMAINS GOOD!
I often mention it here on SNOOTH!

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Reply by amour, Mar 9, 2017.

1872..........PONSOT BURGUNDY FAMILY HISTORY HERE......I guess L and his sisters, Rose-Marie, Catherine and Steph, must have new wave ideas!!!!!

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Reply by JonDerry, Mar 9, 2017.

Laurent and son will be starting a new negociant venture starting with the 2017 vintage...has to be freeing for Laurent to have his own project but also has to be tough to give up your flagship wine, the CdlR.

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Reply by amour, Mar 9, 2017.

Stan Kroenke- (SCEAMING EAGLE), bought a huge interest in DOMAINE BONNEAU DU MARTRAY, this year. 

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Reply by dmcker, Mar 9, 2017.

Well as we know from the Rudy K. scandal, Amour, they didn't start bottling at the estate until 1934. Before that wines they made were mostly just put in carafes in the family-held buffet restaurants in most of the train stations across northern Italy. Now, though, they do own a hefty chunk of the Clos de la Roche appellation. And they even make an Aligote that I can almost drink.

The ownership has always been extremely commercial in orientation. Last I heard their properties are held by a real estate holding company.

JD, any news on who's looking to buy? If it ends up being another feckless conglomerate the label may end up merely becoming a footnote in the Kurniawan story....

And what do you think of each of their wines that you may have had, JD? I'm not necessarily a member of the Laurent fan club. I've found his wines too inconsistent from vintage to vintage, and thus in many cases nowhere worth the fares.

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Reply by amour, Mar 9, 2017.

CDlR 1985 cost 5 thou from the shippers I buy from.......I NEARLY BOUGHT it!!!! Haha....

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Reply by amour, Mar 9, 2017.

Yes.....but land was first purchased in 1872...that is the reference point, dear!

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Reply by amour, Mar 9, 2017.

I HAD READ OF VARIOUS MERGER VENTURES OF ONE SORT OR THE OTHER....FROM TIME TO TIME...

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Reply by amour, Mar 9, 2017.

Yes, DMCKER....IN 1975, the Domaine was incorporated into a property company of some sort.....

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Reply by JonDerry, Mar 9, 2017.

I've only had the Aligote and CdlR. We talked about the Aligote and it was an interesting call by Laurent to in the end make it 100% Aligote, but I think that's what makes Laurent one of the icons of Burgundy, (at least from foreign observers) is that he's different. He's notorious for picking late, which has worked great at times in cooler vintages, and he seems to have really nailed some warmer vintages as well. Maybe we're getting a picture of why some of the inconsistency over the years wasn't all his fault, as this break up of sorts is about sibling disagreements (to put it mildly).

So the CdlR I've been collecting over the past few years...have the '99, '08, 10', 12', and 13', and may add the 14' all top young to open but did break in to an '08 because I had multiples, it really needed the extra time in the decanter but struck me as pure, exotic, and lower impact (not over extracted or too tannic).

I always rued him not making a good village or more readily accessible lower level wine I could open without regret to get a sense of each vintage as I like to do.

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Reply by dmcker, Mar 9, 2017.

My fondest memory may be of a 1990 CdlR vielle vignes which I had in the early noughties. That was a good bottle of wine. My memories since then are, unfortunately, mostly more complex as I've found the wines too often more 'interesting' than blow-my-hair-back delicious. I haven't confidently felt any were worth the tariff for nearly a decade. Which means, of course, my drinking of them has tapered off so who knows, maybe I've missed a jewel or two...

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Reply by JonDerry, Mar 9, 2017.

That seems like it would've been a fine time for the 90' a vintage known for opening earlier in life, and without the legs of a classic vintage.

Had the chance to try the '93 just over a year ago but a couple people from the tasting group mentioned it was just a hair corked, and in the end the guy who brought the bottle (and gets a regular allocation) agreed that it was slightly off. Still tasted darn good to me.

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Reply by dmcker, Mar 9, 2017.

It was also a time when the prices were still reasonable, and Laurent hadn't played out his vineyard and cave desires to excess.

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Reply by JonDerry, Mar 9, 2017.

You mentioned "corporate" above, which I got a glimpse of in the documentary "sour grapes", the Rudy K story, where they showed Ponsot at a harvest party that seemed, well, kinda corporate. That seemed pretty incongruous to me for a Domaine in Burgundy. Though I wouldn't have batted an eye had it been Jadot, Drouhin, or Bouchard/Fevre.

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Reply by outthere, Mar 10, 2017.

I saw Mike Smith yesterday and he didn't mention a word of it. 

Ba Da Bump!!

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Reply by JonDerry, Mar 10, 2017.

I think Mike is busy contemplating the purchase of those 3 hectares of Clos de la Roche. Now there's a fun thought.

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Reply by GregT, Mar 11, 2017.

WS wrote about it a few days ago.

http://www.winespectator.com/webfeature/show/id/Laurent-Ponsot-Leaves-Family-Burgundy-Domaine

"Ponsot did not reveal why he has split from his family domaine. But one Burgundy insider told Wine Spectator that a sale of the domaine could now be in the offing: "As a minority shareholder, you could get a regular dividend which is a relative pittance. Or you could sell the domaine for a fortune."

Makes perfect sense.

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Reply by JonDerry, Mar 12, 2017.

Wonder what the price tag will be...10 - 20 million?

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Reply by GregT, Mar 12, 2017.

Who knows. Could be a lot more, maybe not. Depend on what the sales and revenue projections were, whether the name comes along with it, whether business relationships continue, etc. Likely it will stay private and nobody will ever know.  

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Reply by dmcker, Mar 13, 2017.

$10mil almost wouldn't be worth the internecine family warfare, nor be a big enough payoff compared to the ongoing revenues if they weren't to sell.

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