Italian Count sells his lavish SA wine farm

Wednesday, 17 March, 2004
Grand Provence sold to a consortium of European buyers
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Controversial Italian billionaire Count Riccardo Agusta has sold his wine estate in Franschhoek for a reportedly record price of over R40-million. Grand Provence was sold to a consortium of European buyers.

Grand Provence consists of La Provence, said to be the oldest wine estate in the Franschhoek valley which Agusta bought in 1990, and the adjoining vineyard and winery of Haute Provence, which he bought in 1997. The properties have undergone major renovations and now include a restaurant and a luxury guesthouse.

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