American investment banker asks $4.75m for Queenstown home and vineyard

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AMERICAN investment banker Marc Holtzman is selling his luxury Gibbston property but isn’t done with the area. 

The colourful character, who unsuccessfully campaigned to be the Republican candidate for Colorado governor in the mid-2000s, is selling up his swanky Gibbston Valley pad with a whopping $4.75 million price tag. 

Sotheby’s International Realty’s Colleen Murfin says: “147 Gibbston Back Road is a magnificent rural home that offers space, elegance and attention to detail throughout, completed with having stunning valley views over the mature pinot noir vineyard. 

“The Holtzman family involvement with the Wakatipu will continue with their intention to re-build within the region.” 

The swish four-bedroom house has four-and-a-half bathrooms and marketing for the property says two-thirds of the 6ha plot is taken up by the vineyard. 

The blurb says it’s “built to an exceptional standard, boasting superior quality fittings and beautifully presented throughout”, and complemented by “perfectly manicured gardens”. 

As you’d expect, the grand family home is fitted with an impressive wine cellar, as well as a plunge pool and potting room. 

According to official property records, Holtzman bought the land for $345,000 in 2001 and he’s believed to have spent $2.3m building the house – even before spending a cent on the grapes. 

Regular Scene readers will recall Holtzman – who now lives in Hong Kong, where he is chairman of private equity firm Meridian Capital HK – invited world leaders, including Rwandan president Paul Kagame and former Polish president Aleksander Kwasniewski, to his lavish 50th birthday bash held at Millbrook Resort in 2010. 

A two-year, $100,000 fight between Holtzman and Queenstown builder Mark Dickson over work done on the house featured in Mountain Scene in 2006. 

Holtzman is a former vice chairman of Barclays Bank’s investment banking arm, Barclays Capital, and Colorado State’s former secretary of technology, who spent much of his business career in Eastern Europe and Russia, as well as a four-year stint in London.