No Sale For Kirkland Ranch

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Last month I wrote about the auction of the Kirkland Ranch Winery in Napa Valley. It looks like the Western-themed winery will be on the market a little bit longer. It failed to attract a successful bidder during a sealed-bid auction which had a a minimum bid of million. International Wine Associates, which is a financial adviser to owner Kirkland Knightsbridge LLC, says that is “less than half of the previous value” of the property. The winery has been on the market for a while but due to the credit crunch has been unable to find a buyer.

There were a few bids but none over the reserve prices of million for the 69-acre winery property or million for the winery plus an additional 186 acres. It will now go back on the traditional market and continue to seek a buyer but they may need to reduce the price again in order to get it sold.

No Sale For Kirkland Ranch originally appeared on Luxist on Sun, 14 Dec 2008 11:01:00 EST. Please see our terms for use of feeds.


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