Ray Duncan

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Ray Duncan
Born Raymond Twomey Duncan
1930 (age 83–84)
Indiana
Nationality American
Occupation Entrepreneur
Vintner

Raymond Twomey Duncan (born 1930) is an American entrepreneur and vintner. Originally involved in oil entrepreneurship in Colorado and founder of Duncan Oil, he was the founder along with Justin Meyer of Silver Oak Cellars in 1972, a successful winery based in the Napa Valley and Alexander Valley. Today his sons David Duncan and Tim Duncan run Silver Oak Cellars, as well as Twomey Cellars. Duncan established the Durango Mountain "Purgatory" Ski Resort in 1965 and was chairman of the board for the ski industry organization Colorado Ski Country USA. He was inducted into the Colorado Ski and Snowboard Hall of Fame in 2006.

Biography

Duncan was born in Indiana in 1930.[1] He attended the University of Notre Dame, graduating in 1952.[2]

In 1958, Duncan moved to Durango, Colorado to aid his father in exploring oil and gas reserves. He formed Duncan Oil Inc., which moved its headquarters to Denver in 1968.[2] In 1965, Duncan established the Durango Mountain "Purgatory" Ski Resort and was involved in the ski industry organization Colorado Ski Country USA, later becoming chairman of the board.[1][2][3] As a result, he was inducted into the Colorado Ski and Snowboard Hall of Fame in 2006.[1][2]

Duncan with Silver Oak Cellars co-founder, Justin Meyer

In the 1970s, Duncan began to buy land in both the Napa and Alexander Valleys with the goal of planting vineyards and growing and selling grapes; he had no original intentions of entering the winery business.[2][4] Duncan approached Justin Meyer, whom he’d met through mutual friends, and asked him to plant and manage his vineyards. Meyer agreed to manage his vineyards, but he also wanted to create a winery. Duncan agreed and Silver Oak was established in 1972.[5] Named after its location between Oakville and the Silverado Trail in Napa Valley,[2] Duncan and Meyer’s vision for Silver Oak was to devote all their resources to producing a single wine – Cabernet Sauvignon. Silver Oak remains true to that vision today.[5]

Silver Oak Cellars, Oakville

In 1972, Duncan purchased a dairy farm in Oakville, Napa Valley, which is the site where the Silver Oak Napa Valley winery stands today.[2][4] It was on this dairy farm in 1972 where Silver Oak’s first vintage was produced using grapes from Silver Oak’s Alexander Valley vineyards. Duncan and Meyer made the decision to produce only Cabernet Sauvignon and to attempt to produce the finest in the world,[6][7] to age the wine exclusively in American oak barrels for 25 months and for an additional 15–20 months in bottle prior to release.[8] Silver Oak produced 1,600 cases of 1972 North Coast Cabernet Sauvignon, Silver Oak’s first wine. That same year, Duncan and Meyer began planting Silver Oak’s first Napa Valley vineyard. Seven years later, Silver Oak harvested the grapes for the company’s first Napa Valley Cabernet Sauvignon.[2]

Growth of the company from 1977 onwards enabled Silver Oak to purchase further vineyards in the 1980s and early 1990s, becoming one of the most successful Cabernet Sauvignon brands of the 1980s.[9][10] In January 2001, co-founder Justin Meyer sold his share of the company to Ray Duncan.[11][12]

In 1998, Duncan was named Wildcatter of the Year by the Independent Petroleum Association of Mountain States, and in 2004 was inducted into the Rocky Mountain Oil & Gas Hall of Fame. In 2012, Duncan was inducted into the Colorado Business Hall of Fame and is also an inductee in the Colorado Ski and Snowboard Hall of Fame.[13] He has been involved in numerous philanthropic pursuits, including his alma mater, the University of Notre Dame, which named a men's dormitory after him, and has provided investment into the Crow Canyon Archaeological Center near Cortez, Colorado, the Denver Art Museum, and Castle Pines Golf Club, of which he founded.[2]

Family business and legacy

The Duncan family, (Ray Duncan in the centre)

Duncan has four sons, Michael, Kevin, Tim, and David.[14] David Duncan is President and CEO of Duncan Oil Inc., and Silver Oak, and Tim Duncan is Silver Oak’s Vice President.[14] Both serve as managing Partners for the family’s second winery, Twomey Cellars, which Ray Duncan founded with his four sons. Michael Duncan manages the Duncans’ Diamond Tail Ranch on the Laramie River in northern Colorado and Kevin Duncan is vice president of Denver-based Duncan Oil.[14] Kevin said of his father's business pursuits, "The wine business, the ski business, ranching - they're tangible assets and tangible businesses."[1] Ray Duncan has said that his business pursuits made him "tremendously happy" and stated that "all kinds of different things come from hard work and keeping your eyes open, and being in the right place at the right time."[1] Pat Kettles of the The Anniston Star stated that Duncan is "constantly looking for ways to improve Silver Oak by acquiring properties whose fruit reflects the unique flavors of their terroir. He works to maintain vineyard properties by farming sustainably, thus preserving Silver Oak’s heritage for future generations."[15] As of 2012, Duncan was still signing autographs at Silver Oak release gatherings.[15]

The family also became involved in the film industry when they backed the acquisition of the physical production component of Lucasfilm's special effects division, Industrial Light and Magic.[16] Kevin Duncan was seen, largely, as an absentee owner[17] and left the management of the company to his partners, former ILM employee Mark Anderson and a convicted felon, Joseph T. Sevitski.[17][18] Duncan and his partners produced consistent losses and accumulated millions of dollars in debt[19] before briefly closing the business and then selling it to Canadian investor Eric Edmeades. Edmeades has since accused Kevin Duncan and his partners of fraud and debt-loading[20] and moved to restructure the company under the protection of Chapter 11.[21] While under the protection of Chapter 11, the company was posting its best ever results and working on Transformers III, Pirates of the Caribbean IV and Elysium.[22] Despite his inside knowledge of the company's recovery and success, Kevin Duncan petitioned the courts to replace Edmeades with a trustee citing claims of mismanagement.[20] Edmeades has publicly accused Kevin Duncan and his partners of using Kerner Optical in a series of complicate investment frauds. The Duncan family's partner, Joe Sevitski, was operating under a false name (Joe Siuicki) and court documents indicate that Kevin Duncan was aware of this subterfuge and concealed it from Edmeades, other investors and even Raymond Duncan, also an investor Kerner Optical.[20]

References

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  1. ↑ 1.0 1.1 1.2 1.3 1.4 "Colorado Business Hall of Fame: Ray Duncan". ColoradoBiz. 1 January 2012. Retrieved 19 March 2013. 
  2. ↑ 2.0 2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.8 "The cult of Cabernet: Silver Oak Cellars soars with single-minded niche.(Silver Oak Wine Cellars)(Company overview)". ColoradoBiz, accessed via HighBeam Research. 1 September 2007. Retrieved 19 March 2013. 
  3. ↑ "Durango Mountain Resort". Colorado Ski Resort. Retrieved 19 March 2013. 
  4. ↑ 4.0 4.1 Moss, Austin Peter (March 1991). Cole's insiders guide to the wines & vines of Napa County. Cole Pub. Co. p. 222. ISBN 978-0-929635-06-4. Retrieved 19 March 2013. 
  5. ↑ 5.0 5.1 "Our Story". Silver Oak Cellars. Retrieved 19 March 2013. 
  6. ↑ Martin, Don W.; Martin, Betty Woo; Sebastiani, Sam (2 March 2005). The Best of the Wine Country. DiscoverGuides. p. 138. ISBN 978-0-942053-43-2. Retrieved 19 March 2013. 
  7. ↑ Lenkert, Erika (19 July 2006). Frommer's Portable California Wine Country. John Wiley & Sons. p. 59. ISBN 978-0-470-04313-4. Retrieved 2 March 2013. 
  8. ↑ Jennings, Richard (6 June 2012). "Silver Oak: Reappraising a California Cabernet Icon". Huffington Post. Retrieved 19 March 2013. 
  9. ↑ Dorling, Kindersley; Gordon, Jim (1 October 2010). The Wine Opus. Dorling Kindersley Limited. p. 37. ISBN 978-1-4053-5267-3. Retrieved 19 March 2013. 
  10. ↑ Quarterly Review of Wines. Richard L. Elia. 2005. p. 54. Retrieved 27 February 2013. 
  11. ↑ "Justin Meyer Sells Share Of Silver Oak Wine Cellars". Wines & Vines, accessed via HighBeam Research. 1 February 2001. Retrieved 19 March 2013. 
  12. ↑ "Justin Meyer's legacy to California wine". Wines & Vines, accessed via HighBeam Research. 1 November 2002. Retrieved 19 March 2013. 
  13. ↑ "Colorado Business Hall of Fame laureates named". Denver Business Journal. 5 October 2011. Retrieved 19 March 2012. 
  14. ↑ 14.0 14.1 14.2 "The cult of cabernet". ColoradoBiz, accessed via HighBeam Research. 22 May 2009. Retrieved 19 March 2013. 
  15. ↑ 15.0 15.1 "Uncorked: Here’s to 40 more years of Silver Oak". The Anniston Star. 22 August 2012. Retrieved 19 March 2013. 
  16. ↑ 's-Model-Plan-62964 "Kerner Optical's Model Plan". Digital Facility. 6 September 2006. Retrieved 19 October 2013. 
  17. ↑ 17.0 17.1 "The Kerner Collapse-Hubris, Hustle or Outright Scam". Cinesource. 27 September 2011. Retrieved 19 October 2013. 
  18. ↑ "Owner of Westlake Firm Faces Fraud Charges on Investments". LA Times. 20 August 1995. Retrieved 19 October 2013. 
  19. ↑ "Kerner Optical, special effects spin-off from Lucasfilm, shuts down". 'Marin IJ. 6 September 2011. Retrieved 19 October 2013. 
  20. ↑ 20.0 20.1 20.2 "Finally, The Eric Edmeades Interview". 'Cinesourcel. 29 September 2011. Retrieved 19 October 2013. 
  21. ↑ "Kerner Optical files for Chapter 11 reorganization". 'North Bay Business Journal. 8 April 2011. Retrieved 19 October 2013. 
  22. ↑ "Elysium: a practical, miniature and digital fx odyssey". 'Elysium: a practical, miniature and digital fx odyssey'. 13 April 2013. Retrieved 19 October 2013. 
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