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Patricia Kluge’s Estate Winery and Vineyards in Trouble

Patricia Kluge’s business is in trouble again. This time around, the billionaire wife’s upscale wine business is facing a foreclosure due to a legal notice that is in reference to a debt of $34,785,000. The property that might go under the hammer will include Kluge Estate Winery and Vineyards, including 907 acres in southern Albemarle, of which 164 are vineyards.

This sale could also include the famous Farm Shop and tasting room, plus the offices, production buildings, 6 employee residences, and a 34,000-square-foot former carriage museum. This hasent really been a great year for Patricia Kluge. Her second husband, John Kluge died in September and despite garnering a great reputation for her wines, the business hasent really picked up.

Bill Moses, her current husband was obviously very disappointed and said: “From our perspective, it is disappointing that at the very moment when these talks appear to be the most productive, they have chosen to take the initial steps toward dismantling the winery as an operating business.” Kluge has seen several auctions this year. In June, the contents of her 45-room mansion, Albermarle House were auctioned off, fetching $15.2 million, and then some of her jewellery was also auctioned fetching $5milllion.

Via: readthehook

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