why is 1982 lafite so expensive why is 1982 lafite so expensive

But Salin had something up his sleeve that he hoped would give the auction a boost. The palate is wonderfully concentrated and sonorous; it seems to extend in a column of dense black fruit. Irrespective of whether in bottles or magnums or larger, Lafite should be an important part of your fine wine collection. The Chardonnay at Chteau Lafite Rothschild is always more Merlot than the grand vin. Is it familiar? Lafite only produces a few thousand cases of wine each year, which drives . Back in 2010 an Asian buyer made wine history when they purchased three bottles of Chateau Lafite-Rothschild for US$232,692 (163,000) per bottle. It might say Bordeaux in the name, but this isn't some celebration of French wine dominance. Since then, the overall Chinese wine market has become globally significant. The 2011 in particular has immense aging potential. In some cases, it will be different depending on the vintage character. The Wine and Spirits Wholesalers of America have claimed teenagers are buying wine online. Then it indirectly helped to advertise Lafite '82. Wine has a proven track record of returns and resilience in an unstable market. We reach the climax of our series on the world's most searched-for wines, but there's a surprising omission. [2] In the 17th century, the property of Chteau Lafite was purchased by the Sgur family, including the 16th century manor house that still stands. The recent story about the world's most Googled beer doesn't appear to add up. More importantly, Chinese consumption caused Bordeaux prices to rise so high, that it priced many of its traditional British and American fans out of the market. The problem was that the Chinese had never bought much at En Primeur, Salin recalled recently. The debonair Baron Eric is serious about his wines. Products range from still equipment, brew equipment craft home microbrewery beer brewery brewing beer equipment fermenter beer pilot brewing system, Micro Brewery equipment Two Vessels Brewhouse, 50L/100L Mini Alcohol Distiller Column Distillation Machine, Isobaric craft beer conical fermentation tank, jacket craft beer conical fermenter equipment, Variable Red Fruit Wine Fermentation Tank capacity Stainless Steel wine tank, Stainless steel wine fermenter and storage tank for winery and beverage factory, Distillery machine brewing vodka gin Rum Whisky Brandy liquor, 1000l copper still brandy distilling equipment. Lafite, derived from the historic language term fite, which means mound or hillock, is said to have been first used in 1234. The growing season was idyllic with both budburst and flowering occurring under perfect conditions. The best wines, which Lafite is unquestionably in that category also have a freshness and vibrancy to balance the matured bouquet. In the years 1945 to 1961, the best time to drink Lafite Rothschild wines is from September to November. Will His AI Plans Be Any Different? In contrast, due to Chinas average annual salary of just over $11,000, paying such a high price for a bottle of wine may be out of reach for some consumers. The soil is deep gravel on perfectly drained, gently undulating slopes. There is a deep seam of black plum and liquorice with some nuances of minerals and earth, but this is deep, dense and savoury. The palate is wonderfully concentrated and sonorous; it seems to extend in a column of dense black fruit. Chateau Margaux, 2009 - 122,380. Stores and prices for '1982 Chateau Lafite Rothschild, Pauillac' | tasting notes, market data, prices and stores in Singapore. This vintage could well go down in history as the most expensive bottle of wine never sold. Lafite in particular has maintained a youthful character, developing harmony as it ages. The 1982 vintage is one of the best wines I have had the privilege to taste when it is on song, with impressive concentration of cassis fruit character with the classic cedar and cigar box aromatics, supremely well balanced and the finish went on and on a truly impressive wine! A bottle of Lafite Rothschild costs around $500. Because of this madness, it is said that the price of an empty bottle of Lafite in 1982 was as high as 4,000 yuan, and the price of the most expensive Lafite in 1982 was about 500,000 yuan per bottle. Lafites neighbours are Mouton and Cos dEstournel, both robust and flamboyant wines, which makes it strange that Lafite is renowned for an ethereal lightness that does not stand in the way of its ageability. To recap what we all know to have been a great season, 1982 saw a dry and mild spring, allowing an excellent flowering followed by a dry and hot summer with regular small showers and fresher nights in August. This week's news roundup covers all the major themes romance, money and crime. Across all vintages Lafite Rothschild is one of the most expensive wines in the world, with the average price per 750 ml bottle reaching $911. Of course, the influence of cinema is also huge, with a Hong Kong-made film contributing to this legendary story set in China. Bordeaux are known for their age-ability. The Chinese love affair with Lafite and the stature of the 1982 vintage has made this among the most sought-after if not the most sought-after wine in the country. The Pauillac appellation is where the other First Growths Chteau Latour and Chteau Mouton Rothschild are located. [4], In the early 18th century, Nicolas-Alexandre, marquis de Sgur refined the wine-making techniques of the estate, and introduced his wines to the upper echelons of European society. There are two seriously beautiful vintages on our hands, and theyre both fantastic. Many people do not know why Lafite '82 is expensive, now I will tell you. Therefore, a soil that is too fertile may not be what's best for a vineyard; an arid hillside may yield richer grapes than a green stretch of land by a river. In this week's episode, we hear how LaRussell first started gaining traction in his hometown of Vallejo, how he landed appearances on some of the premiere hip-hop radio shows, and why he's turned down offers from every major label in pursuit of building an independent empire. But it was a small market, complicated by the way that top Bordeaux is sold: Bordeauxs custom is to sell its wines two years before they are bottled. 12 bottles per lot. [21], GBP closed at ~$1.48 on the day of the auction per, For the controversy, which is still unresolved, see, Last edited on 19 February 2023, at 22:59, "The Most Expensive Wine Ever Sold at Auction", "History | Domaines Barons de Rothschild (Lafite)", "CHATEAU LAFITE 1787 - The World's Most Expensive Wine", "Saskia de Rothschild On Building a Winemaking Empire - Maxim", "Worldwise: Vintner Saskia de Rothschild's Favorite Things", "A bottle of 1787 wine apparently bottled for Thomas", "Wine Lover's Nose For Fakery Leads To Famed Bottles", "Chteau Lafite cracks open its first Chinese vintage", "Chateau Lafite Rothschild, Pauillac, France: prices", "Lafite-Rothschild 2008 Falls to $8,800 Five-Month Low on Liv-Ex", https://en.wikipedia.org/w/index.php?title=Chteau_Lafite_Rothschild&oldid=1140398124, This page was last edited on 19 February 2023, at 22:59. Because of the magic of Bordeaux, it takes a while to develop the complex secondary and tertiary characteristics of cedar, leather, and tobacco. Annual production ranges between 15,000 to 20,000 cases, depending on the vintage. Led by media professionals, The Drop is an entity in its own right, free of commercial interference of any kind. Although it eventually cooled after reaching. Third, Lafite ages its wine for a longer period of time than most other producers. Unfinished and not yet bottled. We use cookies to ensure that we give you the best experience on our website. Photo courtesy of DBR Lafite. The 1982, considered one of the best vintages of last century . Led by media professionals, The Drop is an entity in its own right, free of commercial interference of any kind. Lafite "is such a generic brand in China that it has widespread appeal as a name and as a status symbol," Mr. Boyce said. The wine producers were classified according to a chteaus reputation and trading price, which, at that time, was directly related to quality. According to the 1855 Classification of the Bordeaux Grands Crus Class prepared for the Universal Exhibition in Paris, Lafite was officially ranked first. But what happened that night wasn't just a coup for Lafite. Lafite is blessed with a fantastic terroir near to the Gironde estuary in the northern part of Pauillac, close to the border with St-Estphe. Should go on for decades. Cabernet Sauvignon, Merlot, Cabernet Franc & Petit Verdot. Fourth, Lafite is one of the most prestigious wine producers in the world. And it would be a public humiliation for one of the wine worlds premier chteaux. [9][10][11][12][13][14] The authenticity of the bottle has been challenged. The price of other Bordeaux wines rose as well. Christies International Head of Wine Tim Triptree MW explains why its so highly sought after. The purity of fruit here really pushes through to the finish. Before long he was known as the "Wine Prince", and the wine of Chteau Lafite called "The King's Wine" thanks to the influential support of the Marchal de Richelieu. They are deeply-coloured and have intense fruity aromas. The 2017 vintage is a major success for the dry white wines of Bordeaux, which are clearly superior to 2015 and 2016. Once again, the 1982 Lafite is at its peak (i.e. With the 2009, it turned out, the Chinese wanted to buy more of it than we had to sell, says Salin, who retired in 2018. The night had turned into a bidding frenzy, with price after price shattered. Winemaking practices have changed little at Lafite. It is important to note that the final blend is almost always close to 90% Cabernet Sauvignon. In addition to being one of the first growth wines from Bordeaux, it is one of the most expensive. It was an easy harvest that saw an early and large crop, and in the vat rooms they say, it smelt of hot fruit jam. The 1982 Chteau Lafite-Rothschild, from magnum, is a bit rough around the edges, but still striking in its beauty. Bloomberg Best features the best stories of the day from Bloomberg Radio, Bloomberg Television, and 120 countries around the world. When we discussed the 08, I said, Why dont we do that? Salin recalls. Its not a blockbuster year but the tannins and the fruit were ripe and we should see wines at the same quality level as 2012 (an underrated year in my book) or perhaps 2014. GB 129 9514 84 | AWRS No. It may be early in the marathon that is Bordeaux En Primeurthe worlds biggest weeklong barrel-tasting eventbut its not too soon to say that 2016 is a great vintage overall. Am Gaumen komplex, dabei saftig und elegant, extraktse Frucht, prsente Tannine, etwas schwarzer Tee, leicht adstringent, hat den robusten Kern aller guten 82er, hat Tiefgang, dunkle Schokolade, aber auch Nuancen von roter Frucht im Abgang, sehr gute Lnge, ausgezeichnetes weiteres Reifepotenzial. The estate then became the joint property of his three sons: Alphonse, Gustave and Edmond Rothschild. to put under the hammer. Wine Lists. To stimulate interest, Salin had pulled out all the stops. The only known bottle in the Imperial format was expected to sell for between US$150,000-$200,000, but smashed its estimates to sell for $304,375 (192,000). Privacy Policy, The Treasury: Finest Wines from a Peerless Collection. The wines are then released to wholesalers, who get it at a lower price than everybody else. So drinking a bottle of 1982 Lafite Rothschild meant you were enjoying the best wine made, and if you in turn gave a bottle as a gift . The price of other Bordeaux wines rose as well. In 1994, Bordeaux was experiencing a sluggish sales period, so chteaux were raiding cellar reserves and selling previous vintages cheaply. Inglenook Cabernet Sauvignon Napa Valley, 1941 17,250. Estimate: 3,0004,000. The wines have a vibrant acidity and a firm tannic structure which enables the wines to age gracefully over many decades in the successful vintages. Californias Best-Kept Wine Secret: Santa Cruz Mountains, The Bottles That Shaped Tony Parkers Love of Wine, Heavy Metal Fans Drink Muscadet and You Should Too, Get to Know Portugals Stunning White Wines. Lafite currently has 112 hectares under vine and is planted to 70% Cabernet Sauvignon, 25% Merlot 3% Cabernet Franc and 2% Petit Verdot. Composition: 65% Cabernet Sauvignon, 29% Merlot, 6% Cabernet Franc, Release price: 170 francs per bottle (around 17), which rose on the export market to 225Fr (22.50), Price today: between 47,000 and 54,000 per case (3,915 to 4,500 a bottle) and rising. The wines are then released to wholesalers, who get it at a lower price than everybody else. "There was a big round of applause, some cheers, and a little bit of shock and amazement," recalled Robert . As our search for the world's most popular wines nears its end, we visit one of the great regions. At the time the sale set a record for the most expensive bottle of wine ever sold at auction, clocking up a whopping $29,000 per glass! 6 bottles per lot. In addition to the first growth, around a third of the wine is released as a second wine under the label Carruades de Lafite. This term has been used in the past with disastrous results. It was predicted to earn about $666 a bottle, assuming there were buyers. More shipping infoShipping info, Guaranteed provenance Christian Seely, Bordeauxs director of estates, oversees a portfolio that includes the estates of Pichon-Longueville-Baron, Pibran, Petit-Village, and Suduiraut. Musk Made a Mess at Twitter. Join one of our online webinars to hear from experts on the market. Mr. Liu put the price of a bottle of 1982 Lafite at about 60,000 yuan or $9,500 (taxes tend to make wine more expensive in China than in other markets) -- and he clearly expected Maotai to. So, now you know why the '82 Lafite is so expensive, right? So, what makes Lafite wine so expensive? Chteau Lafite-Rothschild 2000. (AG) (3/2014) Good full, deep red. A nearly two-century-old bottle of Chateau Lafite, believed to have been part of an order set aside for Thomas Jefferson, commanded $156,450 today at an auction here. Please sign in or create a free account to . Rapper, entrepreneur and innovator LaRussell takes us on a journey from his childhood in the Bay Area making music, to his viral freestyles that lead to an appearance on The Breakfast Club, to his current mission of reimagining the music industry from his own garage. [3] Although vines almost certainly already existed on the site, around 1680, Jacques de Sgur planted the majority of the vineyard. However, it should be difficult for you to buy a real bottle of 82 Lafite nowadays, as it is relatively rare and some wine merchants and collectors do not offer it easily, so we can only look at it from afar but not play with it. The bottles had been shipped directly from Lafites own cellars; among them, a bottle of 1869 Lafite, its price estimated at $8,000. Four different kinds of cryptocurrencies you should know. The designations remain in force today, putting Lafite at the pinnacle of Bordeaux. With a surprisingly clever search engine alongside bottle reviews and articles from trusted voices in wine, youre just a click and a clink away from your new favorite bottle. [19], Across all vintages Lafite Rothschild is one of the most expensive wines in the world, with the average price per 750 ml bottle reaching $1175. (Some up north on the left bank are even mentioning 2015). Aile dArgent, at less than $100 per bottle, is more affordable, while Le Petite Mouton costs around $100. I told them, Sprite tastes better without Lafite, and Lafite tastes better without Sprite. Nevertheless, the 1982 sold well among government dignitaries and oligarchs looking for the perfect gift, even if they never really intended to drink it. Offered in The Treasury: Finest Wines from a Peerless Collection on 29 September 2022 at Christies in London. Balancing Leisure and Learning: A Students Guide to Watching TV and Sipping Wine, Unforgettable Weddings In The Napa Valley: Celebrating Love In A Vineyard, Experience History And Award-Winning Wines At Renault Winery In Egg Harbor City NJ, Uncovering The History Of Ovid Winery: From Founding Winemaker Mark Herold To The Herold Family Today, Exploring The Winery And Beyond: A Quick 4-Mile Drive From Andaz Napa To The Francis Ford Coppola Winery, Experience The Best Of Napa Valley At Newton Winery, Exploring The Perfect Pairing: White Wine And Roasted Duck, Enjoying White Wine Responsibly: Understanding Calories And Nutritional Value. The wine producers were classified according to a chteau's reputation and trading price, which, at that time, was directly related to quality. They're wrong. Great length and probably a few years off its peak. Let us guide you through the process behind investing in fine wine. The grapes would have been picked by hand, selected in the vineyard, and brought to the winery for destemming and fermentation in large wooden vats (stainless steel tanks were only installed in 1988). The coveted title of most expensive Champagne is constantly on the move, claimed by just two other vintages during the last decade. It is deeply impressive. Were the worlds first wine discovery platform with a simple matchmaking mission: to pair people with bottles that bring them joy. It is undoubtedly one of the very best wines to come out of Bordeaux. It looks like a hill, and Lafite is located on the slope of a hill. It . Sold in 2004, this is regarded as one of the most expensive American wines ever sold. In-stock and available for sale at the price shown. On this, the first day of the auction, Ritchie had 2,000 bottles of Chteau Lafite Rothschild to put under the hammer. The fight between Chteau Mouton Rothschild and Bordeaux was one of the most significant in modern history. Offered in The Treasury: Finest Wines from a Peerless Collection on 29 September 2022 at Christies in London. View our latest reports to see how the fine wine market is doing. Sold in 2011 at a Christies sale in New York, this Petrus vintage was expected to sell for between US$50,000 and $90,000, but the hammer went down on a considerably higher sum of $144,000 (100,800), setting a record for the most expensive Petrus ever sold at auction. Because his zodiac sign was Aries, Baron Philippe de Rothschild depicted two rams in his coat of arms. Not only that, but while Hong Kong had its share of wealthy collectors, wine drinking was not yet widespread in mainland China. drinkable). Prices for Carruades de Lafite rose dramatically due in part to Chinese demand, with the prices of its 2005 and 2000 vintage fetching over 10,000 per case. He knew the number eight is considered extremely lucky in Chinese culture, so hed arranged to have the Chinese symbol for the 8 in 2008 discreetly engraved in the lucky color red, just above the label. Deep in colour, it has a classic Pauillac nose with intense black fruit mixed with pencil shavings and black truffles. Sometimes small imperfections add complexity in a wine. If you continue to use this site we will assume that you are happy with it. Chateau Ducru-Beaucaillou, Saint-Julien, France, Chateau La Mission Haut-Brion, Pessac-Leognan, France. In 1868 the Chteau was purchased by Baron James Mayer Rothschild for 4.4 million francs, and the estate became Chteau Lafite Rothschild. This wine is made from a blend of 87 percent Cabernet Sauvignon and 13 percent Merlot, according to the Chateau Lafite Rothschild Pauillac 2010 label. France: Paris [and Ile-de-France], Chateau Lafite Rothschild 1982 WL, [No Label], Chateau Lafite Rothschild 1982 Bouteille (75cl) ME ELA, [Slightly Damaged Mid Shoulder], Chateau Lafite Rothschild 1er Grand Cru Classe, Rouge, Pauillac, Chateau Lafite Rothschild 1982 Bouteille (75cl) ME ETLA, [Very Slightly Damaged Mid Shoulder], Chateau Lafite Rothschild 1982 MS, [Mid Shoulder], Chateau Lafite Rothschild 1982 TS SD, [Slightly Damaged Top Shoulder], Chateau Lafite Rothschild 1982 TS, [Top Shoulder], Chateau Lafite Rothschild 1982 THE EA, [Fairly Damaged Very Top Shoulder], Chateau Lafite Rothschild 1982 FD, [Fairly Damaged], Chateau Lafite Rothschild 1982 SD DC, [Slightly Damaged Damaged Capsule], Chateau Lafite Rothschild 1982 BN SD, [Slightly Damaged Base of Neck], Chateau Lafite Rothschild 1982 SD, [Slightly Damaged], Chateau Lafite Rothschild 1982 BN, [Base of Neck], France: Aquitaine, Chateau Lafite Rothschild France Red Pauillac Bordeaux, 750 ml, Chateau Lafite Rothschild France Red Pauillac Bordeaux, 5000 ml, Chateau Lafite Rothschild France Red Pauillac Bordeaux, 12 x 750 ml, Chateau Lafite Rothschild 1982 ETA CA, [Highly Damaged Damaged Capsule], Chateau Lafite Rothschild France Red Pauillac Bordeaux, 6 x 750 ml, Chateau Lafite Rothschild France Red Pauillac Bordeaux, 1500 ml, Chateau Lafite Rothschild France Red Pauillac Bordeaux, 3 x 1500 ml, Chateau Lafite Rothschild France Red Pauillac Bordeaux, 3 x 750 ml. Chteau Lafite in Bordeaux. A case of 1982 Chateau Lafite helped Christies International raise $819,715 in its first exclusively online wine auction yesterday. A bottle of Lafite can cost upwards of $500, making it one of the most expensive wines on the market. Robert Parker gave this vintage a score of 100 points, and legend has it that he tasted this vintage 11 times and was satisfied with 100 points each time. - Dusseldorf - Germany. Not only was the wine famous, it was also a First Growth chateaux. If youre looking for a special bottle of wine to splurge on, Lafite is a great option. Well, youd hardly keep it under the stairs, would you? ! The bottle of 1869 with an estimated price of $8,000? The core is plummy and rich, with notes of bramble and earth, but then a creamy layer of blackcurrant adds to a fleshy mid-palate. I believe Lafites popularity, particularly in Asia can be partly attributed to these characteristics of approachability in youth, the finesse and elegance combined with significant ageing potential. Merlot has become more prominent in recent vintages, as has a more traditional approach by Salin and Chevalier. The style of wines proved a terrific shot in the arm for claret, especially on the US market. A second Chteau Lafite Rothschild vineyard was established in the Chinese province of Shandong, where 250,000 vine stocks from France are planted on 30 hectares. It was exceedingly wet the first half of the year and bone dry for much of the second half. Chateau Lafite tastes like a fine wine should taste. The style covers a broad spectrum of flavor profiles, but tend to be elegant and Far from being an officially defined or legal term, it is almost never used for wine-labeling purposes (although it occasionally appears on back labels). That initial purchase was the start to Lafite Rothschild becoming the most expensive, sought after brand in the Chinese and Asian markets.