Napa Valley winery faces $37 million foreclosure and possible auction
Signorello Estate Winery in Napa Valley is slated for a public auction after foreclosure actions over more than $37 million in debt.
After reopening two years ago following the 2017 Atlas fire, Signorello Estate Winery now confronts foreclosure covering over $37 million in debt. Records from the Napa County Recorder’s Office show two trustee sales scheduled for Aug. 21, targeting $30.9 million and $6.8 million in outstanding construction loans dating from 2018 to 2024. The sale would encompass the property’s land, vineyards, wine inventory, buildings, trademarks and equipment.
The debt stems from American AgCredit loans taken out by Raymond Edward Signorello Jr., R.E.S. Inc. and Walrus Inc. during a seven-year rebuild effort. The auction is set for 1:30 PM outside the Napa County Superior Court, though it may be delayed if the parties reach an alternative resolution. This development adds pressure to an industry already grappling with shifting consumer attitudes toward alcohol.
Why it matters
The auction could remove a historic Napa winery from the market, affecting local jobs and the regional wine economy.
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