Caprock Winery sold for $6.5 million at auction - KCBD NewsChannel 11 Lubbock

7/12/10

Caprock Winery sold for $6.5 million at auction

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LUBBOCK, TX (KCBD) - A Lubbock winery sold for $6.5 million in an auction held Monday afternoon. KCBD NewsChannel 11 was there at 1 p.m., when the bidding began. About three minutes later the winery was sold.

The new owner planned to buy the winery for $3.5 million, but as auctions go, he ended up buying it for $6.5 million. That is about half of what the original owners bought it for. The new owner, Laurent Gruet, says he is going to make it the champagne maker of Texas.

Years ago, Gruet visited Caprock Winery, when it went up for sale. He told KCBD NewsChannel 11 that he was going to buy it. Gruet is a wine maker and connoisseur. He owns one winery in France and another in New Mexico. This is a family business to him and he hopes to keep the Caprock tradition going by keeping the same wine, but making a few extras.

"I'm going to keep it the same, make more wines make something different, because I'm a wine maker, I love making wines. I like to keep tradition the way this winery was started," says Gruet.

Gruet says he plans to grow grapes here to make wine and champagne and hopes he can distribute the brute in time for the Super Bowl so Jerry Jones can drink it.

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