I made a cold call from my home in Pasadena, California, to the owners of Chateau Beauregard Ducasse in the Graves area of Bordeaux. The Perromat Family owns the estate, the French call it une exploitation. Exploitation is the French word for a farm, property, or general enterprise in the agricultural sector. In the world of wine in Bordeaux, especially the Medoc, there are few family owned and run estates. For the most part in the Medoc, they are owned and run by insurance companies, banks, major private equity groups and such-like. In the right bank and further south in the Graves appellations, some families have held onto the land and still run the estates. The average size of a property on the right bank is considerably smaller to that of the left bank. The right bank averages out at roughly seven hectares; if I am not mistaken, in the...