Sauternes estate Clos Dady has been sold to a Russian investor, according to Decanter.com.  The new owner is Iikham Ragimov, a Moscow-based businessman who is co-owner of the city’s largest hotel complex. Mr Ragimov apparently paid 1.5 million euros for the nine hectare property, which comprises six hectares of AOC Sauternes that produces Clos Dady and three hectares of AOC Graves sold under the Chateau Les Remparts label. According to Decanter, Jerome Cosson and Audrey Fargues of classified Sauternes estate Chateau d’Arche will oversee the winemaking initially.

This is the thrid Bordeaux estate to have been purchased by Russians, the others being Chateau Livran, a 27 hectare Medoc Cru Bourgeois, purchased in 2008 by an investment fund headed by Alexey Shrapkin, and Chateau La Faviere, an 18 hectare estate in Saint-Seurin-Sur-L’Isle, purchased in May 2011 by Stanislav and Natalia Zingerenko.