Just as auctioneer Christie’s sets up a dedicated consultancy agency targeting Chinese wine property buyers, another Bordeaux château goes under Chinese ownership.
Château La Fleur Jonquet, a 9-hectare estate in the Graves area of Bordeaux, has been bought by Chinese architect Wengcheng Li who already owns two other châteaux in the region, La Dominante in Saint-Denis-de-Pile and Lucas in Castillon-la-Bataille. Owned by Laurence Lataste, who founded the property in the mid-1980s, the estate produces around 50,000 bottles of wine annually, mostly red (40,000 bottles). It exports three-quarters of its wines to a number of countries including China. Laurence Lataste decided to put the property on the market eighteen months ago due to the fact that her children were not interested in following in her footsteps. Wengcheng Li lives in eastern China and specialises in building châteaux inspired by French 18th century architecture, which explains why he fell in love with Château La Fleur Jonquet’s winery in Arbanats.