The capital-intensive demands of the wine industry are a deterrent for many young winemakers and viticulturists wanting to stamp their own mark.
Mike Laven, the viticultural specialist at Colliers International, says most do not have sufficient capital to get started, given the large capital outlay required.
"Those who manage to set up their own business usually have to start small and then face all the challenges of establishing their brands and opening up routes to market, as well as the day-to-day operating issues of running a vineyard and making wine."
Against this backdrop, Colliers International, which has been appointed as sales agents, expects good interest in the leased vineyards and winery/cellar door plus assets and business of Nelson-based Appleby Vintners Ltd.
The boutique brand has well established domestic and offshore routes to market for its fully certified organic wines that are sold under two labels. Te Mānia was established in 1990 and Richmond Plains a year later. Richmond Plains produced New Zealand's first certified organic sauvignon blanc and pinot noir.