June 8 (Bloomberg) -- Domaine Clarence Dillon, owner of Bordeaux first-growth wine estate Chateau Haut-Brion, said it has acquired Chateau L’Arrosee, a Grand Cru Classe producer in Saint-Emilion neighboring its Chateau Quintus vineyards.
L’Arrosee has been owned by Roger Caille and his family since 2002, and the accord was signed by Robert de Luxembourg, president of Dillon unit Quintus SAS, which owns and operates the Saint-Emilion property, according to an e-mailed statement.
The purchase was reported earlier by Decanter.com, which said L’Arrosee’s estate of 9.5 hectares (23 acres) has 20 percent Cabernet Sauvignon grapes, unusually for Merlot-dominated Saint-Emilion, along with 20 percent Cabernet Franc.
The expansion of the Dillon business comes as wines direct from its cellars dating back to 1891, including those from Haut-Brion, are poised to go on sale at a Sotheby’s auction in Hong Kong in October.
Dillon’s founder, a New York financier, bought Haut-Brion in 1935 and his family-owned estate includes neighboring Chateau La Mission Haut-Brion, acquired in 1983.
Haut-Brion is one of the five left-bank first growths in Bordeaux’s 1855 classification and has been making wine for more than 350 years.
Haut-Brion’s most expensive wine of the past quarter-century remains its 1989 vintage, which was awarded a perfect 100-point score by U.S. wine critic Robert Parker. One case sold for 10,925 pounds ($16,700) at a Christie’s International Plc auction in London on Feb. 21 while another fetched 10,810 pounds at a Sotheby’s U.K. sale the same month.
Sotheby’s will auction more than 500 lots from Domaine Clarence Dillon in the Hong Kong sale, which the auction house estimates may fetch as much as HK$14 million ($1.8 million).
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