The Mongeard family has been in Vosne-Romanée since 1620. Parish records place the name in the village register that year. A Mongeard was working as a vigneron for Domaine de la Romanée-Conti in 1786. In the 1920s, the marriage of Eugène Mongeard to Edmée Mugneret, from a parallel dynasty in the same village, merged two vineyard portfolios into one. Their son Jean Mongeard found himself making wine at sixteen years old in 1945, after his father's death, and it was Jean who gave the domaine its hyphenated name. The entire 1945 harvest was purchased by three of Burgundy's most legendary figures: the Marquis d'Angerville, Henri Gouges, and Baron le Roy.

Nine generations. Four centuries. 30 hectares across 37 appellations, including four Grand Crus, a proprietary massal selection dating to the 19th century, and one of the largest privately held vineyard portfolios on the entire Côte de Nuits.

That portfolio is now for sale.

The Assets at Stake

Grand Crus (4.10 hectares across 5 wines)

Richebourg Grand Cru (0.31 ha, 7.3 ouvrées, 50-year-old vines). Acquired by the family in 1984. Located within the "Les Richebourgs" climat, facing east-northeast at 280 meters elevation. Very clayey soil on thin brown limestone over hard Premeaux limestone. This is the crown jewel.

Grands Echezeaux Grand Cru (1.44 ha, 33.7 ouvrées, 60-year-old vines). Clay-rich soil on Bajocian limestone at 260 meters.  At 1.44 hectares, Mongeard-Mugneret is the second-largest holder of Grands Echezeaux after DRC's 3.53 hectares. 

Echezeaux Grand Cru (1.72 ha, 40.3 ouvrées, 59-year-old vines). Includes parcels in Les Treux, Les Cruots, and Echezeaux du Dessus.

Clos de Vougeot Grand Cru (0.63 ha, 14.6 ouvrées, 78-year-old vines). These are among the oldest working vines in the entire Clos de Vougeot appellation.

Premier Crus (5.28 hectares across 10 wines)

Vosne-Romanée Premier Cru En Orveaux (1.08 ha, 25.2 ouvrées, 63-year-old vines). The second-largest Premier Cru parcel in the portfolio.

Vosne-Romanée Premier Cru Les Petits Monts (0.30 ha, 7.0 ouvrées, 25-year-old vines). The youngest Vosne Premier Cru holding.

Vosne-Romanée Premier Cru Les Suchots (0.22 ha, 5.2 ouvrées, 57-year-old vines). Suchots sits directly below Richebourg and Grands Echezeaux on the slope.

Vougeot Premier Cru Les Cras (0.32 ha, 7.5 ouvrées, 73-year-old vines).

Vougeot Premier Cru Les Petits Vougeots (0.24 ha, 5.6 ouvrées, 49-year-old vines).

Nuits-Saint-Georges Premier Cru Aux Boudots (0.39 ha, 9.0 ouvrées, 44-year-old vines). At the northern tip of the Nuits appellation, directly bordering Vosne. One of the most prized plots in this appellation.

Beaune Premier Cru Les Avaux (0.46 ha, 10.7 ouvrées, 56-year-old vines).

Savigny-lès-Beaune Premier Cru Les Narbantons (1.39 ha, 32.5 ouvrées, 53-year-old vines). The largest single Premier Cru parcel.

Pernand-Vergelesses Premier Cru Les Vergelesses (0.75 ha, 17.5 ouvrées, 30-year-old vines).

Puligny-Montrachet Premier Cru Champ Gain (0.13 ha, 3.1 ouvrées, 46-year-old vines, Chardonnay). The only white Premier Cru in the portfolio.

Village Wines (8.00 hectares across 12 wines)

Vosne-Romanée (2.01 ha, 70-year-old vines).

Vosne-Romanée Les Maizières Hautes (0.25 ha, 94-year-old vines). The oldest parcel in the domaine. Planted around 1932, these vines have survived World War II and nearly a century of climate shifts.

Chambolle-Musigny (0.31 ha, 49-year-old vines). 

Gevrey-Chambertin (0.39 ha, 39-year-old vines). 

Nuits-Saint-Georges (0.15 ha, 48-year-old vines). 

Nuits-Saint-Georges Les Plateaux (0.70 ha, 60-year-old vines). 

Fixin rouge (1.82 ha, 37-year-old vines).

Fixin Vieille Vigne (0.55 ha, 70-year-old vines). 

Marsannay Clos du Roy (0.41 ha, 35-year-old vines, Chardonnay). 

Fixin blanc (0.18 ha, 8-year-old vines, Chardonnay). 

Aloxe-Corton Les Caillettes (0.64 ha, 50-70-year-old vines). 

Savigny-lès-Beaune (0.59 ha, 54-year-old vines).

Regional Appellations (~12.6 hectares)

Bourgogne Hautes-Côtes de Nuits Les Dames Huguettes (2.36 ha, 52-year-old vines). Bourgogne Hautes-Côtes de Nuits La Croix (1.20+ ha). Plus approximately eight additional regional and Bourgogne appellations covering the balance of the 30-hectare estate, including Crémant de Bourgogne, Bourgogne Pinot Noir, Bourgogne Aligoté, and Bourgogne Passetoutgrain.

Beyond the Vines

The estate also includes the domaine buildings at 16 Rue de la Fontaine in Vosne-Romanée, cellars, winemaking equipment, the family's adjacent Hôtel Richebourg property, and existing wine stock in barrel and bottle across 37 appellations. Then there is the intangible: the Pinot Mongeard, a proprietary massal selection identified in the 19th century by Jean-Baptiste Mongeard, who noticed a distinctive vine with serrated leaves producing grapes of unusual concentration. Cuttings from this selection were preserved at the Viticultural School in Beaune. For three generations, the family has used this genetic heritage in replanting, maintaining diversity through cuttings from multiple "mother" vines rather than relying on a single clone. This is viticultural intellectual property that cannot be recreated.

Sizing the Portfolio

Comparable market transaction data for Côte de Nuits Grand Cru vineyard land, combined with publicly available SAFER/CAVB benchmarks for Premier Cru and village appellations, allows a parcel-by-parcel valuation of the estate.

Grand Crus (~€328 million)

Richebourg (0.31 ha, 7.3 ouvrées): At approximately €12 million per ouvrée (€280 million per hectare), this 0.31-hectare parcel is worth an estimated €87 million. For context, a single ouvrée of Vosne-Romanée Grand Cru sold for approximately €1.7 million in 2012. Grand Cru vineyard values have appreciated at 15-20% annually since then, reflecting global demand compression on an effectively fixed supply of land.

Grands Echezeaux (1.44 ha, 33.7 ouvrées): At approximately €3.5 million per ouvrée (€82 million per hectare). Value: €118 million. As believed to be the second-largest holder after DRC, this stake alone is worth more than the entire Clos des Lambrays transaction (€101-105 million for 8.66 hectares in 2014).

Echezeaux (1.72 ha, 40.3 ouvrées): At approximately €2.5 million per ouvrée (€58 million per hectare). Value: €101 million. The La Grande Complication cuvée, reportedly from the domaine's oldest Echezeaux vines, carries additional intangible value.

Clos de Vougeot (0.63 ha, 14.6 ouvrées): At approximately €1.5 million per ouvrée (€35 million per hectare). Value: €22 million. At 78 years, these are among the oldest vines in the appellation.

Grand Cru subtotal: approximately €328 million.

Premier Crus (~€20 million)

Vosne-Romanée Premier Crus (En Orveaux + Les Petits Monts + Les Suchots = 1.60 ha, 37.4 ouvrées): Vosne Premier Cru land trades at an estimated 250,000-400,000€ per ouvrée. Suchots and Petits Monts, adjacent to the Grand Crus, command premiums. Value: €9-12 million.

NSG Aux Boudots (0.39 ha, 9.0 ouvrées): Estimated at 200,000-300,000€ per ouvrée. Value: €2-3 million.

Vougeot Premier Crus (Les Cras + Les Petits Vougeots = 0.56 ha, 13.1 ouvrées): Estimated at 150,000-200,000€ per ouvrée. Value: €2-3 million.

Puligny-Montrachet Champ Gain (0.13 ha, 3.1 ouvrées, Chardonnay): White Puligny Premier Cru. The SAFER 2025 data shows Premier Cru Chardonnay averaging €2.7 million per hectare. At approximately 500,000€ per ouvrée: ~€1.5 million.

Beaune, Savigny, Pernand Premier Crus (2.60 ha, 60.7 ouvrées): Using CAVB 2015 data compounded at 12-13% annually: €3-4 million.

Premier Cru subtotal: approximately €18-24 million.

Village and Regional (~€18 million)

The village portfolio is dominated by 2.26 hectares of Vosne-Romanée, including the 94-year-old Maizières Hautes. Vosne village land trades at an estimated 120,000-150,000€ per ouvrée. Other Côte de Nuits villages (Chambolle, Gevrey, NSG, Fixin) at 30,000-120,000€ per ouvrée. Approximately 12.6 hectares of Bourgogne and regional appellations at 10,000-15,000€ per ouvrée average.

Village and regional subtotal: approximately €14-18 million.

Total Valuation

Category

Area

Est. Value

Grand Cru (4 appellations, 5 wines)

4.10 ha

~€328M

Premier Cru (10 sites, 6 communes)

5.28 ha

~€20M

Village (12 wines, 8 communes)

8.00 ha

~€15M

Regional (10+ appellations)

~12.6 ha

~€4M

Total vineyard assets

~30 ha

~€367M

Adding the physical property (domaine buildings, cellars, equipment), the Hôtel Richebourg, existing wine stock, and the intangible value of the Mongeard-Mugneret brand, the total transaction value could approach €400-450 million.

For context: Artemis paid approximately €225 million for the 7.53-hectare Clos de Tart monopole in 2017. LVMH paid €101-105 million for the 8.66-hectare Clos des Lambrays in 2014. Mongeard-Mugneret offers nearly four times the acreage of either estate, a more diversified portfolio, and what is believed to be the second-largest stake in Grands Echezeaux after DRC. The Richebourg parcel alone is worth more than the entire Clos des Lambrays transaction.

The Buyers: Who Is Circling

A sale of this magnitude narrows the field to a handful of players with the capital and expertise to acquire and operate an estate of this stature. Based on sources familiar with the deal, the likely contenders are:

LVMH (Bernard Arnault) — The Leading Candidate

LVMH made its first move into Burgundy in 2014 with the acquisition of Clos des Lambrays. Since then, the group has continued to expand its Côte d'Or holdings, adding parcels in Corton Grand Cru, Pernand-Vergelesses, and Romanée-Saint-Vivant Grand Cru. All of these sit within LVMH's Vins d'Exceptions division alongside Château d'Yquem, Château Cheval Blanc, and Colgin Cellars.

Mongeard-Mugneret fills a gap in the LVMH portfolio: significant domaine-owned Grand Cru land in Vosne-Romanée, the most prestigious commune in Burgundy.  Combined with the Grands Echezeaux and Echezeaux holdings and their existing RSV parcels, LVMH would control more Vosne-Romanée Grand Cru land than all but a handful of producers, and give them the opportunity to compete with DRC..

LVMH's financial capacity is not in question. The group's market capitalization exceeds €300 billion. A €400-450 million acquisition would be material but manageable, roughly comparable to a mid-tier fashion house acquisition.

Artemis/Pinault — The Rival

François Pinault's Artemis Domaines is the only other buyer with both the capital and the demonstrated willingness to pay nine-figure sums for Burgundy Grand Cru land. Artemis acquired Clos de Tart for approximately €225 million in 2017, outbidding Roederer (who reportedly bid €210 million) and a Chinese investor. The Pinault wine portfolio now includes Château Latour, Clos de Tart, Domaine d'Eugénie (Vosne-Romanée), Château Grillet, Eisele Vineyard, and, through the Henriot merger, Bouchard Père & Fils (one of Burgundy's largest vineyard owners), William Fèvre (Chablis), and Champagne Jacquesson.

Artemis already has a presence in Vosne-Romanée through Domaine d'Eugénie (the former Domaine René Engel). Adding Mongeard-Mugneret's four Grand Crus, particularly the 0.31 ha of Richebourg, would give Pinault a commanding position in the commune. The Arnault-Pinault rivalry, which has played out from Gucci to Clos des Lambrays to Clos de Tart, could escalate further.

Other Potential Bidders

Chanel: The Wertheimer family's luxury house has been expanding its wine portfolio (Rauzan-Ségla, Canon, Berliquet in Bordeaux, Saint Supéry in Napa) and has the financial capacity. However, Chanel has not yet entered Burgundy.

AXA Millésimes: The insurance group owns Pichon-Longueville, Suduiraut, and Disznókő. A Burgundy acquisition would be a new direction but not unprecedented for the group.

A Burgundy family or négociant consortium: Unlikely at this price point, but possible if multiple established players pooled capital. The Boisset family (the largest private vineyard owner in Burgundy) or a consortium involving Maison Jadot (Kopf family) cannot be ruled out entirely.

What This Means

The price will set a new benchmark. If this estate trades at or near the €400-450 million range implied by current market data, it will reset the already red hot Burgundy Grand Cru market. €80 million per hectare at Grands Echezeaux, €280 million per hectare at Richebourg are massive numbers to contemplate. The scarcity, illiquidity of the market, and prestige this will bring to the buyer all factors into the premium. 

The inheritance question for every family domaine. The Mongeard family had been in Vosne-Romanée for 406 years. Vincent Mongeard has presided over the domaine for nearly half a century. His grandson Maxence had recently joined, suggesting a ninth generation was prepared to continue. That this estate, of all estates, is on the market sends an unmistakable signal. The economics of succession in Burgundy are definitively broken at the top. Thirty hectares of prime vineyard land, valued at nine figures, generates inheritance tax obligations that can make continuation impossible.

The secondary market will react. Mongeard-Mugneret wines have historically underperformed their potential.  Under new luxury-group ownership, ex-domaine prices will almost certainly rise. Existing bottles in the secondary market may see speculative interest, although I doubt it will be a significant increase. Whether the new owner maintains the Mongeard-Mugneret name, renames the estate, or folds the wines into a broader portfolio remains to be seen. There have even been swirling rumors that the new buyer may lease the land and have a top Vosne producer do the vinification.  Time will tell...

Keep Reading