Word: vineyard
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Youth and naivete--and, in this case, quite a few grapes--can be the perfect ingredients for success. In 1973, Louisa and Alex Hargrave, a young couple fresh out of Harvard, set out to build a vineyard in Cutchogue, N.Y. It wasn't considered an ideal spot. For centuries, would-be vintners had been discouraged by the overly sour native grapes found along the North Fork of Long Island, a narrow stretch of land some 90 miles east of New York City. Not dissuaded, the Hargraves purchased a farmhouse along with 66 acres of land, 10,000 rooted vines...
...subject, the couple determined that the climate of Long Island was similar to that of Bordeaux, France, where a grape known as Vitis vinifera had long flourished. "We had done extensive research; we understood what the limitations were," says Louisa. The Hargraves raised both of their children on the vineyard and eventually sold the business in 1999. "We studied the situation and we felt it was a risk worth taking. If it didn't work out, we were young, and could go do something else...
...worked out beautifully. Today the Hargraves' original vineyard produces more than half a dozen varietals, and many other vintners have followed in their grape-stained footsteps. The eastern end of Long Island--which includes the North Fork and South Fork (better known as the Hamptons)--is now a burgeoning community of vintners and wine sellers. It's home to about 30 wineries, producing more than 20 European varietals, mostly Merlot, Chardonnay, Cabernet Franc, Cabernet Sauvignon and Sauvignon Blanc. Compared with Napa Valley, Calif., the East End is a blip in terms of wine production--500,000 cases annually, a small...
...owned by Pinault that went for $5.3 million. A week earlier, a Degas statue of a 14-year-old dancer from his collection fetched $10.3 million. A week later, Christie's in London raised €1.3 million from an unprecedented clearance sale of vintage wine from his legendary Bordeaux vineyard, Château Latour, including bottles dating back to 1863. And those are just the auctions. On the same day the wine went under the hammer, Artémis - the Pinault family's holding company - issued j520 million in bonds that it said was to be used to refinance existing...
...despite the pretense of the press pass, hard-hitting investigative journalists we ain’t. The hardest part about this assignment was costume choice. The dress code was casual elegance, which conjured visions of a languid Gwyneth Paltrow on mini-break in Martha’s Vineyard. Our collective penchant for polo shirts aside, we were a decidedly un-WASPy duo. A strident atheist from the colonies and a half-Asian from the land of café au lait do not a country club maketh, as the saying goes. Consequently, many anguished e-mails ensued in our attempt...