Wednesday, May 14, 2014

New Listing! Villa Hermosa on Lilac Drive in Santa Barbara, California

This estate is a stunning example of Santa Barbara Mediterranean by renowned architect Tom Bollay.  Set into the natural rock boulders of the Montecito foothills, with mature oaks and sycamores at the end of a long meandering, private drive, this quintessential Montecito estate is elegant, and functional. Please view our phototour for more photos and information. Offered at $7,200,000.

Tuesday, May 6, 2014

Italian Authorities Expand Barolo's Most Famous Vineyard

A state council rules wines can be labeled Cannubi, even if they come from neighboring parcels

What's in a name? A lot, when it's the name of a vineyard. And when that vineyard is arguably the most historic in Barolo—Cannubi—there's money, history and local pride at stake.
Italy's Council of State has ruled that wines made from four vineyards neighboring Cannubi can be labeled Cannubi. The decision effectively enlarges Cannubi from 37 acres of vines to 84. The ruling has angered 11 producers who own parcels in the 37 acres and have been fighting to maintain the previous boundaries. But it's a victory for one of Barolo's larger and most historic wineries, Marchesi di Barolo.

"We are very surprised and saddened by the decision of the Council of State," said Marta Rinaldi, whose family winery Giuseppe Rinaldi owns a parcel. "It is a clear choice in favor of the commercial needs of the company Marchesi di Barolo."

No one is arguing about the historic value of the name Cannubi. The oldest record of it appearing on a wine label was 1752, before winemakers even began putting Barolo on labels. Located on a southeast-facing ridge just north of the village of Barolo, it captures morning sunshine, and Nebbiolo planted on it ripens even in challenging years. For centuries, Cannubi has been a signifier of quality, which is why wineries often wrote it on their labels even if the fruit came from the other vineyards on the ridge—Muscatel, Valletta, San Lorenzo and Boschis.

In 1995, as the appellation was delineating official vineyard boundaries, the commune of Barolo defined Cannubi as 37 acres on the heart of the ridge. But it also recommended that wines from the four neighbors, which have slightly different exposures and soils, be allowed to include Cannubi—Cannubi-Muscatel, etc. But in 2009, Ernesto Abbona, president of Marchesi di Barolo, challenged this rule, arguing that his winery and others had historically used grapes from the other vineyards in their Cannubi. Marchesi di Barolo had owned a large portion of Cannubi, but in 2008, a split among the owners led the group that held the vineyard to lease it to another winery. When the official vineyard boundaries were finally released in 2010, Cannubi had grown to 84 acres. Read more at Wine Spectator.


Monday, May 5, 2014

Hamptons House - Most Expensive Home in U.S. Bought


18-acre beachfront home in the Hamptons on New York's Long Island sold for $147 million. Visit NBC News to find out who bought it.