Domaine Faiveley has purchased another coveted piece of Burgundy, this time some Musigny Grand Cru. But the rarity of this parcel means the available slice was only 0.10 ha.
Domaine Faiveley is already the owner of the smallest parcel of Musigny Grand Cru vineyards, at 0.03 ha.
After is acquisition of another 0.1ha, the winery will remain the smallest producer of the appellation with only an anticipated 500 bottles to be produced annually.
The opportunity to purchase the plot came from a long-standing relationship between the Faiveley and Dufouleur families.
Eve Faiveley, who oversees public relations for her family’s wine endeavors, said, ‘The Dufouleur and Faiveley Families have always been pretty close, being two old-estbalished Maisons in Nuits-St-Georges.’
Rumours of the unofficially disclosed purchase price are enticing alarm from fellow winemakers from the Côte de Nuits, even if a few ouvrées of Nuits-St-Georges villages and Nuits-St-Georges Premier Cru Vignerondes were swapped in the ultimate exchange.
Certainly, Musigny is only 25ha. Aside from one large owner, Comte de Vogüé, overseeing about two-thirds of that, most owners hold on tight to this precious commodity.
Though there is only one Musigny, owners of other Grand Cru parcels fear the retribution of each Grand Cru transaction establishing yet another unattainble price without outside-the-region investment.
Domaine Faiveley has acquired many pieces of top Burgundy terroir since Erwan Faiveley took the helm a decade ago.
Updated 16/11/2015: To confirm, Faiveley has acquired 0.1ha.