Speculation of Coppola to Buy Land
Famed director is rumored to purchase in Argentina.
When a multi-Oscar celebrity with hefty wine credentials steps into a foreign vineyard, an electric shiver runs through the neighborhood: is he looking to buy? When his director of winemaking shows up to kick a bit of dirt, rumors have the ink drying on the winery deed.
When the local press quotes unnamed wine and government sources saying "the intention would be to acquire small parcels in different zones, the aim for the production of Malbec and Cabernet," the sizzle Googles global.
Yet, film and winemaker Francis Ford Coppola was looking for wine and visual flavor, not looking to buy, when he visited the Valle de Uco in Argentina's famed Mendoza wine region, his spokeswoman confirmed. "From the horse's mouth, the answer is 'no'… He hasn't bought a winery (in
But it is a rumor that won't die.
It didn't help that the film giant has been tucking in and out of
Nor did rumors downshift when Coppola's double-Oscar-winning Argentine friend, Gustavo Santaolalla, bought a wine property in Valle de Uco in 2006.
Meanwhile, after 30 years in
Yet, despite press reports, expat blogs, sources and speculation, Coppola is not expanding his wine empire to the Southern Hemisphere, Talbert says. "I keep telling people, No, this isn't true, and nobody seems to believe me," adding she had been flooded with calls from Argentine journalists.
The Argentine government is pinning high hopes on international wine investments (
The high altitude Valle de Uco, tearfully beautiful in the shadow of the
David English, an American in
The rush south started in 2002 after the link between the U.S. dollar and the peso at one-to-one parity was severed. Since then the peso has fluctuated to as high as four pesos to a dollar; it now floats around three pesos to the dollar. Still, the buying power is strong: land, goods and labor cost less.
So while the official word is that Coppola is not looking for the best land to grow the best grapes to make the best wine Argentina could imagine, don't cry, Argentina. Risk and imagination are Coppola trademarks. And, Talbert said, he likes Malbec.
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