There are many vineyards up for auction in Italy: from Tuscany to Salento, here are all the chances you have to get your hands on one.
Gtres
Gtres

Property auctions are popular in Italy and are usually associated solely with houses or buildings in general. However, there is another unusual asset that can also be purchased at auction in Italy: vineyards. By buying a vineyard in Italy at auction, it is possible to buy areas of great value at a lower price for the production of some of the most famous wines in Italy. Let's have a look at what is on offer with data from ASTASY real estate solutions and NPLs RE_Solutions.

1,142 lots of vineyards in Italy were auctioned off in 2019. Their basic auction value represents over 250 million euros and includes real Italian excellence. More than 40% of the precious grapes at auction are concentrated in Tuscany, where the price of the finished running vineyards is over 100 million euros, although their value is at least double this figure.

Among the most valuable lots is one vineyard located in Montalcino and includes 5 and a half hectares in the Brunello di Montalcino DOCG (controlled and guaranteed designation of origin) area, about 1 and a half hectares in the Rosso di Montalcino DOC (controlled designation of origin) area and another part in the Sant'Antimo Rosso DOC estate. This is a whole compendium that has been valued at 5,253,000 euros, but could be purchased at auction with a minimum offer of 3,939,750 euros.

At auction there are also over 15 hectares available in Chianti and the Morellino di Scansano area that include not only land, but also wineries and farms.

Immediately after the Tuscan lands, we find the area of the famous and prized Sicilian wines. Sicily has a percentage of 7% of the total number of vineyards auctioned, with Pantelleria being the most valuable auction of this land. On 19th March, just at the beginning of the COVID-19 lockdown, an entire cellar of the prized Passito, probably the most famous in the world, was auctioned off at a base price of 2,008,843 euros. In Sicily there are also several hectares up for auction in Marsala and in the production lands of Malvasia delle Lipari. Since the coronavirus crisis in Italy, the sector has however also been greatly affected by its own crisis.

The tour of vineyards at auction continues in Puglia (7%), where the lands of Negramaro, Primitivo di Manduria and Salento wines are included. The total price of the entire Apulian oenological heritage auctioned amounts to 17,984,480 euros, but estimates speak of a real value over 40 million euros.

Finally, even in the lands of Franciacorta, famous for Italian bubbly, there are just under 4 hectares up for auction. The list continues with areas famous for the production of Bonarda, Oltre Po' Pavese and Romagna Sangiovese, where also in this case the number of hectares auctioned is not as high.

"Italian excellence conceals problems linked to production, exports, crises and taxation. There are assets to be protected and entrepreneurs devoted to land and wine, culture and Italy who must not be abandoned. Only a few lands have been excluded from the crisis", declares Mirko Frigerio, Founder & Executive Vice President of NPLs RE_Solutions and President of the ASTASY Analytics Study Centre. "This is the case of the lands of Barolo, great excellence, just like almost all Piedmontese labels. Piedmont is the home of slow food and boasts a food and wine culture, as well as an excellent production, which has created strong aggregations within the sector that, in times of crisis, have made it possible to guarantee the market an excellent quality-price ratio".

If buying a vineyard in Italy is a little out of your budget, check out properties for sale in Italy on idealista: