Wines & Vines Home
   
 
Welcome Guest
LOGIN |  CREATE ACCOUNT
 
ADVERTISEMENT
 
 
 
10.14.2013  
 

Texas Winery on the Auction Block

5,000-case producer Pheasant Ridge Winery to be sold Nov. 6

 
by Linda Jones McKee
 
 
pheasant ridge
 
The Pheasant Ridge property in Lubbock, Texas, has been divided into four parcels, which will be auctioned Nov. 6.
Lubbock, Texas—One of the oldest wineries in Texas, Pheasant Ridge Winery in Lubbock, will be sold at auction Nov. 6. The winery, located in the Texas High Plains AVA, was an early pioneer in commercial winemaking in the state, and the vineyard was one of the first to be planted with vinifera grapes. According to the auction house Williams & Williams, the property includes 122 acres of land with approximately 35 vineyard acres planted, a 5,800-square-foot winery building with the capacity to produce up to 15,000 cases per year and winery equipment as well as bulk and bottled wine.

Pheasant Ridge has been producing 5,000 cases annually, making it 40th in size of Texas’ 207 wineries, according to Wines Vines Analytics. Its average retail bottle price is $10.

The property has been divided into four parcels for the sale, with the vineyard acreage divided between two parcels. The first parcel consists of 11 acres, including some Cabernet Sauvignon and Sémillon grapes; the winery building, which has a tasting room, showroom, office, barrel room and wine production area; the winery equipment and wine inventory. The wine equipment includes Mueller stainless steel tanks, an Amos destemmer/crusher and must pump, a GAI bottling line, a Velo DE filter and pump, a Kosme glue labeler and a Landa gold series steamer. The wine inventory consists of 31,661 gallons of bulk wine and 3,545 cases of bottled wine.

The second parcel is comprised of 49 acres, some of which is planted with the balance of the vineyard, and the vineyard equipment. Grape cultivars in this section include Cabernet Sauvignon, Pinot Noir, Cabernet Franc, Merlot, Ruby Cabernet, Chardonnay and Chenin Blanc. Two water wells, both approximately 250 feet deep, are located on this parcel. The third parcel of 32 acres and the fourth with 30 acres have no water source (the buyers must drill their own wells) and the land is either tilled or unimproved.

The vineyard at Pheasant Ridge Winery originally was planted in 1979 by Bobby and Jennifer Cox, who opened the winery in 1982. They brought in an investor in 1987, and in 1992 William E. Gipson Sr. became the owner of the winery. Gipson, a geologist who became president of Pennzoil Offshore Gas Operators in Houston, Texas, loved wine and enjoyed serving Pheasant Ridge wines to friends and family. Gipson is now 89 years old, and his family has decided to find a new owner for the winery.

The auction will take place at the winery, 3507 E. County Road 5700 in Lubbock, at 11 a.m. on Nov. 6. The property will be open for public inspection this Friday, Oct. 18, from 11 a.m. until 2 p.m. or by appointment. For more information contact Danae Hill at Williams & Williams by calling (918) 362-6565.

SHARE »
Close
 
Currently no comments posted for this article.
 
CURRENT NEWS INDEX »


 
Wines & Vines Home
 
866.453.9701 | 415.453.9700 | Fax: 415.453.2517
65 Mitchell Blvd., Ste. A San Rafael, CA 94903
info@winesandvines.com
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Wine Industry Metrics
 
Off-Premise Sales » Month   12 Months  
July 2015 $603 million
6%
$8,136 million
6%
July 2014 $568 million $7,701 million
     
Direct-to-Consumer Shipments » Month   12 Months  
July 2015 $66 million
9%
$1,906 million
14%
July 2014 $61 million $1,674 million
     
Winery Job Index » Month   12 Months  
July 2015 323
4%
262
18%
July 2014 312 222
     
 
MORE » Released on 08.13.2015
Direct To Consumer
Wine Shipping Report
2015
 
Download full report »
 
 

Practical Winery & Vineyard Library
 
Search the PWV archive »
 
 

CALENDAR
  • September 6
     
    Harvest Wine Celebration
     
  • September 11-13
     
    Cincinnati Food + Wine Classic
     
  • September 17
     
    Winejobs.com Summit
     
  • September 18
     
    Owning and Operating an Urban Winery or Brewery
     
  • MORE »
 

READER COMMENTS
 
Article: Nielsen Unpacks Package Design »
 
Okay, I'll state the obvious (to anyone with CPG experience) - the Wine Biz is...
Reader: Joel Miller
 
Article: Nielsen Unpacks Package Design »
 
Very interesting reading. Certainly agree with the more indirect approach of evaluating the extent to...
Reader: Roger Brooks
 
Article: Experimental Solution to Pierce's Disease »
 
Congratulations to the team! It is amazing what can be done with biological controls. Keep...
Reader: Bruce Coulthard
 
Article: The Spiciest Wines You Have Ever Tasted »
 
There are some wines from New Mexico are infused with pepper flavors. Also, The Wine...
Reader: Guest
 
Article: Does Red Blotch Affect Wine? »
 
I have a grapevine in my polytunnel in east London which is showing signs of...
Reader: Guest
 
 


2015 Directory/Buyer's Guide
The Wines & Vines Directory and Buyer's Guide
 
 
EXPANDED ONLINE SEARCH INCLUDED WITH PURCHASE
 
ORDER NOW »
 
LEARN MORE »
 
 
Wines & Vines Magazine
 
 
   LEARN MORE »
 
   SUBSCRIBE »
 
Digital Edition Now Available!
Wines & Vines Digital Edition Now Available
 
LEARN MORE »
 
ORDER NOW »
 
 
The Wines & Vines Online Marketing System
 
The Industry Standard winery marketing application
 
FREE LIVE DEMO »
 
VIEW VIDEO »
 
 
 
 
Latest Job Listings
 Financially Driven Sal...
 Remote, CA
Sales and Marketing
 Brand Manager, Califor...
 St. Helena, CA
Sales and Marketing
 Wine Sales Representat...
 Springfield, NJ
Sales and Marketing
 Customer Service Ambas...
 Napa, CA
DTC, Tasting Room and Retai
 Wine Educator & Hospit...
 Santa Rosa, CA
DTC, Tasting Room and Retai
 Wine & Beer Sales Rep
 Dallas, TX
DTC, Tasting Room and Retai
 Full Time Retail Wine ...
 New York, NY
DTC, Tasting Room and Retai
 Financial Analyst
 St. Helena, CA
Finance
 Wine Sales Representat...
 New York, NY
Sales and Marketing
 Tasting Room Manager
 Healdsburg, CA
DTC, Tasting Room and Retai
 
More Job Listings >>
Follow Us On:
 
 





Home  |  About Us  |  Editors  |  Subscribe  |  Print Edition  |  Digital Edition

Advertise  |  Site Map  |  Contact Us  |  Privacy Policy
 
 
Copyright © 2001-2015 by Wine Communications Group, Inc. All Rights Reserved.
No material may be reproduced without written permission of the Publisher.
Wines&Vines does not assume any responsibility for any unsolicited manuscripts or materials.