Pavie considers Italian investment

Château Pavie’s owner, Gérard Perse, is said to be considering buying land in Tuscany.

While celebrating the estate’s elevation to premier grand cru classé A status, Perse is said to have told his guests: “I would love to invest in Tuscany, and why not in Brunello (di Montalcino)?”

The story first emerged on the French site Terre de Vins. Perse told the site: “Napa Valley is tempting too but not the rest of the New World: Chile, Argentina…there we talk about the industry of wine.

“Me, I would like five hectares, yes five hectares, in Tuscany.”

Italian wines, particularly those from Tuscany and Piedmont, are increasingly attracting attention from buyers as the market branches out.

As Liv-ex recently noted, the top five Super Tuscans are also showing strong returns.