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Silver Oak Flexes Muscles with Ovid Purchase
Apr 26, 2017
(Wine-Searcher) - A $50 million Napa winery sale was negotiated around the kitchen table, W. Blake Gray reports.
What does it mean, when one of Napa Valley's most popular wineries buys one of its most exclusive?
It seems like an odd fit: Silver Oak, which makes 100,000 cases of wine annually, buying Ovid, which makes about 2000.
Silver Oak's wines are not cheap: its Napa Cabernet is $125; its Alexander Valley Cab is $75. But Ovid's wines are at another price level: about $300, if you can find them.
Silver Oak is consistently in the Top 10 of Wine & Spirits' Restaurant Poll as one of the most-ordered wines in America. I think it's fair to say that relatively few Americans, even among wine drinkers, have even heard of Ovid, which didn't release its first vintage (a 2005 wine) until 2009.
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