Screaming Eagle in California sold

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The Californian cult vineyard Screaming Eagle has just changed hands. Charles Banks and Stanley Kroenke, two financiers, acquired it from Jean Phillips who, according to press information, had liquidity problems – in spite of sometimes astonishing prices on the wines. (A six litre bottle of the 1992 vintage sold for $500,000 on auction once, admittedly a charity auction.) The price has not been announced but the value of the vineyard has been estimated at around $30 million. decanter.com

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