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Image Sotheby's Realty  A vineyard property in Napa Valley with ties to the origins of “Two Buck Chuck” is heading to auction after being listed for nearly two years. The estate was previously offered at $28 million and is now expected to open bidding between $8 million and $12 million. Located in St. Helena, the property spans more than 40 acres and includes a functioning winery, tasting room, and residential spaces. The site also carries a long history in the region. It was once associated with the original Charles Shaw winery , which later became widely known through the “Two Buck Chuck” label. Charles Shaw, a former banker, began producing wine in Napa Valley in the late 1970s after spending time in France and developing an interest in winemaking. While his original venture faced financial challenges and was eventually sold, the name later became widely known through the “Two Buck Chuck” label that was a household staple with Trader Joe's shoppers. In the 1990s, the property was acquired by the current ownership, who restored the winery, replanted vineyards, and established a new label focused on Italian varietals. Since then, it has operated as a family-owned vineyard and winery, with a mix of production, hospitality, and residential use. The transition to auction follows a period of price adjustments after the property was first brought to market. Auction platforms have become a more common option for certain types of real estate, particularly for large or specialized properties such as vineyard estates. In this case, the auction is being conducted through a platform focused on wine and vineyard properties, with bidding scheduled to take place later this month. Properties like this tend to attract a specific type of buyer, often looking for a combination of land use, business potential, and location within established wine regions like Napa Valley. As the listing moves into the auction process, it reflects one of several approaches currently being used to market high-value real estate assets. Read more about the Vineyards auction here