A case of 1982 Chateau Lafite helped Christie's International raise $819,715 in its first exclusively online wine auction yesterday. Investing in wine could be your smartest investment yet. 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. [18], In addition to the first growth, around a third of the wine is released as a second wine under the label Carruades de Lafite. 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. Merlot has become more prominent in recent vintages, as has a more traditional approach by Salin and Chevalier. The 1982 vintage for Bordeaux was and still is considered one of the great vintages. So, what makes Lafite wine so expensive? The vineyard is one of the largest in the Mdoc at 107 hectares, and produces around 35,000 cases annually, of which between 15,000 and 25,000 are first growth. It became the most expensive wine ever sold when the hammer went down at the final price of $233,972. Discover our range of fine wines from around the world. Great length and probably a few years off its peak. In terms of red Bordeaux, the wines of Pauillac are classic versions characterised with intense blackcurrant flavours and aromas that develop into pencil lead, cedar and cigar box with age. Talk about opening with a bang! Offered in The Treasury: Finest Wines from a Peerless Collection on 29 September 2022 at Christies in London. Mobile: +254 798 368 561. why is 1982 lafite so expensive. Having already established a presence in Japan, Taiwan, and the more independent Asian mainland cities of Hong Kong and Shanghai, they saw China as the next big market, as soon as Communist rule permitted it. Amongst these Pauillac wines, Lafite has always held a particular allure. Copyright 2023 Cult Wines Ltd. All Rights Reserved. (2002) Similar colour, but has retained more depth at core. The Japanese specialty has burst free of its traditional market and is getting consumers very thirsty indeed. A good Bordeaux from a good year can age for decades because the tannins in the wine act as a natural preservative. Chteau Lafite-Rothschild 1986. Chteau Only twelve copies of this doll were made by Mattel. But what happened that night wasnt just a coup for Lafite. 06350591 | VAT No. Chateau Lafite-Rothschild, 1787 . This means that every time you visit this website you will need to enable or disable cookies again. I was so happy that day! But Salin had something up his sleeve that he hoped would give the auction a boost. When the hammer came down on the extraordinary sale of a bottle of 1869 Chteau Lafite, history was made. Lafite currently has 112 hectares under vine and is planted to 70% Cabernet Sauvignon, 25% Merlot 3% Cabernet Franc and 2% Petit Verdot. At the beginning of ageing, the quality of 2017 red wines from vineyards spared by frost are proving to be satisfactory to very good. The problem was that the Chinese had never bought much at En Primeur, Salin recalled recently. Found to be the most expensive wine in the world on the market currently, Henri Jayers Richebourg Cru taking top spot has surprised oenophiles everywhere, with many assuming a Romanee-Conti would take poll position. Chateau Lafite tastes like a fine wine should taste. Wine-Searcher's historical data and benchmark analysis provides trustworthy and valuable insights into likely market trends. It looks like a hill, and Lafite is located on the slope of a hill. Price starts low and is sold to the highest bidder. Stored in bonded warehouse with duty and sales tax suspended. [20] 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. I was blessed to have drunk quite a number of Petrus vintages. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Fourth, Lafite is one of the most prestigious wine producers in the world. First, the wine is produced in very limited quantities. Chateau Margaux, 2009 - 122,380. 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. More shipping infoShipping info, Please allow 20 days for delivery in US. More shipping info. And it would be a public humiliation for one of the wine worlds premier chteaux. Of course, the influence of cinema is also huge, with a Hong Kong-made film contributing to this legendary story set in China. . Estimate: 11,00014,000. 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. - 94/100, Tom Cannavan, Standard delivery next day It was not until 1983 that Charles Chevallier became Lafites deputy technical director; he later became technical manager of not only Lafite but the other properties - Rieussec, Duhart-Milon and Evangile that form part of the group. Discover what else your investment offers. Since then, the overall Chinese wine market has become globally significant. It might say Bordeaux in the name, but this isn't some celebration of French wine dominance. Bordeaux are known for their age-ability. This is not a bad thing, but it is slightly different. Little did he know that the "82 Bordeaux would be released to the public as being slow to ripen and full of potential. Some estates overcropped as the yield was generous, but dilution was rare. It is considered by some to be the best wine to come out of Bordeaux. Go to shop. The next morning, the price of the 2008 Lafite jumped 20% on the key London markets. Not only that, but while Hong Kong had its share of wealthy collectors, wine drinking was not yet widespread in mainland China. If you continue to use this site we will assume that you are happy with it. 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The best aged red wines tend to be Port, cabernet sauvignon, merlot, sangiovese, monastrell, cabernet franc, nebbiolo, malbec, and syrah. Our company is the leading company of still equipment in China, with the strength of providing vodka, gin, run, whisky, brandy making machines. There have been many notable events at the estate over the last century. This week's news roundup covers all the major themes romance, money and crime. Learn More >, It was October 2010, and auctioneer Jamie Ritchie of Sothebys was in the room, preparing to open the bidding on top wines of Bordeaux. Maybe youre looking for the perfect prosecco to bring to a surprise party. It was predicted to earn about $666 a bottle, assuming there were buyers. This lengthy aging process adds to the cost of the wine. The wines were ranked in importance from first to fifth growths (crus), with four first growths listed initially (Mouton Rothschild was added in 1973). There was also plenty of the 2008 vintage on offer, but its fate was less certain. In 1994, Bordeaux was experiencing a sluggish sales period, so chteaux were raiding cellar reserves and selling previous vintages cheaply. Bu 1 en 2022 avec J.S.Philippe, un monstre en devenir (99+) ! Drinks Business Asia edition? Direct from the producer, in-stock and available for sale at the price shown. This would be a historic low, said the ministry 16% lower than the five-year average and worse than 1991, a vintage also hit hard by frost. 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. - Dusseldorf - Germany. A variety of chteaux can be used for power, but Lafite is the ideal wine for elegance and grace. Looking at the wine retail shelves raises one question: where's the Bordeaux? Grapes must be planted in well-drained soil, which is rich in fine, deep gravel and aeolian sand. It is considered by some to be the best wine to come out of Bordeaux. They should be fine 2017 is potentially a very good vintage. Second, the grapes used to make Lafite wine are of the highest quality. We have well known master distiller in Canada and the USA, also installation team in North America, and our own researching department and factory, which assure that we can provide high quality distillation equipment for our customers. For completeness we may include critic scores in our aggregation that we do not display. Chateau Margaux creeps into the top 10 again with its limited edition 12-litre 2009 vintage. Chteau Lafite-Rothschild 2005. Chteau Lafite Rothschild is one of the most expensive wines in the world, with prices ranging from $911 per 750 ml bottle to $1,699 per 750 ml bottle. Lafite in particular has maintained a youthful character, developing harmony as it ages. Photo courtesy of DBR Lafite. We use cookies to ensure that we give you the best experience on our website. The bottles had been shipped directly from Lafites own cellars; among them, a bottle of 1869 Lafite, its price estimated at $8,000. Nevertheless, Chateau Lafite is still one of the most popular wines in the world, and its high price tag is reflective of its quality and prestige. Lafite was one of five wine-producing chateaus of Bordeaux originally awarded First Growth status in the 1855 Classification. Then it indirectly helped to advertise Lafite '82. The wineries of SLO Wine Country boast an average distance of just five miles from the Pacific Ocean, resulting in prevailing marine conditions that are among the most pronounced of any wine region in California. Third, Lafite ages its wine for a longer period of time than most other producers. Chateau Lafite-Rothschild, 1787 109,300. 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. We are using cookies to give you the best experience on our website. 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. We reach the climax of our series on the world's most searched-for wines, but there's a surprising omission. Returns are calculated in GBP and results may vary depending on exchange rates. [3] Although vines almost certainly already existed on the site, around 1680, Jacques de Sgur planted the majority of the vineyard. When we discussed the 08, I said, Why dont we do that? Salin recalls. Because saliva builds up in the mouth all day, it can alter the taste of wine. Lafite wine is among the most expensive wines in the world. Chateau Lafite Rothschild 1982 Cheval Blanc 1982 Petrus 1982. She is the youngest woman leading a Premier Grand Cru Bordeaux estate. Take a wild guess. Acidities were fairly low, but the best wines, such as Lafite, had sufficient tannic grip and structure to ensure a long, interesting life. It simply oozes class. The bottle of 1869 with an estimated price of $8,000? Photo courtesy of DBR Lafite. 2020 has ended up being a really good but variable year with wines of outstanding potential for many Bordeaux estates. 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. The wine producers were classified according to a chteaus reputation and trading price, which, at that time, was directly related to quality. On this, the first day of the auction, Ritchie had 2,000 bottles of Chteau Lafite Rothschild to put under the hammer. It was a vintage that many experts at the time were down on: a vintage that was seen as fruity, seductive, over-ripe and youthful before it was even bottled, but without enough tannins to support it and make it difficult for it to develop in the bottle, lacking the makings of a great wine. Chateau Lafite Rothschild, 1869 163,000. Each spring after harvest, an event called. Flat Rate $9.99 Ground Shipping in CA Ship to the whole of the USA. Hassle-free and easy, our plans and fees are simple and transparent. Duhart-Milon, a separate estate in the Lafite portfolio, is located just west of Lafite. Given that wine is a beverage, of course, one bottle is rarely consumed and eventually becomes a scarce item, perhaps hidden away in the hands of a collector and labelled as a non-sale item. Posted in: Chteau Lafite Rothschild in Pauillac, France, Get the best stories from Christies.com in a weekly email, *We will never sell or rent your information. The Premier Cru ponzi scheme has left thousands out of pocket, but there may be a glimmer of hope. Estimate: 3,0004,000. With his camera, James Molesworth looks at the region known as the Left Bank of France for its prime Cabernet Sauvignon grapes. Those 2,000 bottles covered 169 vintages taken from the personal family cellar of Baron ric de Rothschild. The wine is typically aged for at least 18 months, and sometimes up to 24 months, before it is released. 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). In the years 1945 to 1961, the best time to drink Lafite Rothschild wines is from September to November. It has a fruity taste with a hint of oak. Although it eventually cooled after reaching. 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 Wine and Spirits Wholesalers of America have claimed teenagers are buying wine online. Wine has a proven track record of returns and resilience in an unstable market. 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. Winemaking practices have changed little at Lafite. Rather more closed on the nose. $ 3,548.92. Salin had also created a special label for the 2008 vintage. When it went for $233,972, it became the most expensive wine ever sold. Unfinished and not yet bottled. [2] In 1797 the vineyards were sold to a group of Dutch merchants.[5]. More importantly, it was one of only four Bordeaux wineries given the top First Growth rating when the regions wine merchants drew up a quality classification in 1855. The best wines, which Lafite is unquestionably in that category also have a freshness and vibrancy to balance the matured bouquet. Find out more about the people who make it work. - New York - USA, Messe Dusseldorf There is a deep seam of black plum and liquorice with some nuances of minerals and earth, but this is deep, dense and savoury. In France, Lafite became known as the King's wine, after being introduced to the Court at Versailles by Marchal Richelieu. Krftiges Rubingranat, gute Farbtiefe, orangefarbene Reflexe, breiterer Wasserrand. Since then, it has been a consistent producer of one of the world's most expensive red wines. Privacy Policy, The Treasury: Finest Wines from a Peerless Collection. When young, it is really difficult to understand despite being more . drinkable). It . This particular bottle had the initial Th.J etched into it the markings of enthusiastic oenophile Thomas Jefferson. There was a lot at stake. Producer. Annual production ranges between 15,000 to 20,000 cases, depending on the vintage. The Krug 1928 set a new record in 2009 at Acker Merrall & Condits first ever Hong Kong sale. [17] In 2019, the estate debuted its first vintage from its Domaine de Long Dai winery in Shandong. The Lafite Rothschild vineyards in the Bordeaux region of France produce a wide range of red, white, and ros wines. The 1982 vintage was a turning point, after which the quality of Lafite began to become solid. In terms of red Bordeaux, or claret as it is also referred to by the British, there are no greater wines than the five chteaux referred to as the first growths: Chteau Lafite-Rothschild, Chteau Latour, Chteau Margaux, Chteau Haut-Brion and Chteau Mouton Rothschild. If this first auction day failed, it forecast doom for the chteaux offering their wines on subsequent days. The fight between Chteau Mouton Rothschild and Bordeaux was one of the most significant in modern history. Good luck getting hold of a bottle, though, the vintage is available in maddeningly small quantities. Why is Lafite so expensive? In addition to the first growth, around a third of the wine is released as a second wine under the label Carruades de Lafite. Over time, the tannins loose a lot of the fight in them as the remain in an anaerobic environment, and mellow. Even the best Bordeaux only lasts around 50 years, so why the incredible price tag for this one in 1985? At the beginning of the 18th century Lafites wine was sold in London, where it was reported to be a favourite of the Prime Minister, Robert Walpole, who was reputed to have purchased barrels of 1732 and 1733. French wine production from the 2017 harvest will fall to historic lows due to damage from spring frosts, officials have estimated. . The chteaux take these reactions into account when they come up with the wines release price. Regardless of whether the Lafite is in a bottle or a magnum, it should be included in your fine wine collection. Within the five rarefied first growths, Lafite is perhaps the wine with the best reputation for quality and longevity, commanding correspondingly high prices. Sometimes small imperfections add complexity in a wine. The Lucky Country has had a rough few years, but change is in the air. The history of Chteau Lafite Rothschild is rich and fascinating. (Some up north on the left bank are even mentioning 2015). The significant role played by bitcoin for businesses! Critic tasting note: "(2002) Similar colour, but has retained more depth at core. It looks like a hill, and Lafite is located on the slope of a hill. 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. In 2001 he wrote: So much on show, so much left to show., Clive Coates MW writing a year later, thought the wine fresh, classy and intense, adding: It will get even better as it gets more decadent.. Within the five rarefied first growths, Lafite is perhaps the wine with the best reputation for quality and longevity, commanding correspondingly high prices. 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. The cellarmaster in 1982 was Robert Revelle, who succeeded his father Georges. ). The recent story about the world's most Googled beer doesn't appear to add up. Four different kinds of cryptocurrencies you should know. Although it eventually cooled after reaching about 80 million cases of wine in 2017, China had in a few short years asserted itself as a wine-buying nation equal to anywhere in Europe or the Americas. 2 magnums per lot. When we discussed the 08, I said, Why dont we do that? Salin recalls. The price of other Bordeaux wines rose as well. Its vines are around 70% Cabernet Sauvignon, 25% Merlot, 3% Cabernet Franc, and 2% Petit Verdot, whereas the final wine is between 80% and 95% Cabernet Sauvignon, 5% and 20% Merlot, and up to 3% Cabernet Franc and Petit Verdot. According to the 1855 Classification of the Bordeaux Grands Crus Class prepared for the Universal Exhibition in Paris, Lafite was officially ranked first. It was rated second class after being classified as Deuxime Grand Cru in 1855. 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. The purity of fruit here really pushes through to the finish. Chteau Lafite-Rothschild 2005. The fresh wine was then aged in new barriques, produced at Lafites own cooperage, for almost two years before bottling. The tannins are well balanced and the finish is smooth. 6 bottles per lot. The 2008 was a good, but not great, vintage and the scores it had achieved from the all-important wine critics reflected that. The palate is wonderfully concentrated and sonorous; it seems to extend in a column of dense black fruit. The estate is now known as Rubicon, owned by Francis Ford Coppola, who allegedly keeps an empty bottle of this vintage on top of his fridge. The wines are then released to wholesalers, who get it at a lower price than everybody else. The wines are then released to wholesalers, who get it at a lower price than everybody else. There are a few factors that contribute to the high cost of Lafite wine. 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 Global Financial Crisis was still in full swing, and collectors across the world, including in the all-important U.S. market, had abandoned expensive wines. 6 bottles per lot. Critics have scored this wine 95 points. In addition to being one of the first growth wines from Bordeaux, it is one of the most expensive. In China, they wanted to drink Lafite with Sprite. Salin remembers. The designations remain in force today, putting Lafite at the pinnacle of Bordeaux. An original wood case of Chateau Lafite Rothschild 1982 was the top selling item at Zachys' New York Spring auction this week selling for $41,650. 2023 Union Press Ltd | Wigglesworth House, Fourth Floor, 69 Southwark Bridge Road, London, SE1 9HH, UK Tel: +44 (0)20 7803 2420 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. 2010 saw a return to form. - London - United Kingdom, Jacob K Javits Convention Center in 2017, China had in a few short years asserted itself as a wine-buying nation equal to anywhere in Europe or the Americas. 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. Instead of committing early, the Chinese preferred to wait until nearer the time when the wine was actually ready to ship before jumping in. The 1982 Chteau Lafite-Rothschild, from magnum, is a bit rough around the edges, but still striking in its beauty. DBR Lafite was not the first major French company to invest in Chinese terroir, but its presence was an important vote of confidence in Chinas future as a wine producing country. The designations remain in force today, putting Lafite at the pinnacle of Bordeaux. Indeed, some criticised the vintage at the time for an almost Napa-like (thus atypical) opulence and predicted a short life for the wines. A bottle of Lafite Rothschild costs around $500. Just as the 1990 Cheval Blanc is outrageously expensive, driven by Middle Eastern oil tycoons (NB: the current price is 7,032, higher than the '82), so is the price of Romane-Conti in Burgundy, France, at the very top of the pyramid, not only because of the tiny production of around 3,600-6,000 bottles (NB: Lafite's production is around 200,000 bottles) but also, it is said, because in the 1980s speculation by the Japanese when their economy took off. The acidity then rushes in at the very end, causing the wine to become longer. This moniker has stood the test of time, with modern-day Lafite still commanding more demand and attention globally than it's first growth counterparts. You can find out more about which cookies we are using or switch them off in settings. The vintages are well-known and highly regarded by wine experts. 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. Lafite lies at the northern end of Pauillac. But Salin had something up his sleeve that he hoped would give the auction a boost. 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. First growth, or premier cru class, is the top tier of the Bordeaux classification, a list drawn up under the instruction of Napoleon III in 1855. The first half of the 19th century saw Lafite in the hands of the Vanlerberghe family and the wine improved more, including the great vintages of 1795, 1798 and 1818. The 20th century has seen periods of success and difficulty, coping with post-phylloxera vines, and two world wars. Chteau Lafite Rothschild is undoubtedly one of the worlds most prestigious and collectable wines. The Drop is an online magazine that connects people to wines theyll love. Hotlines/WhatsApp. Theres a world of difference between carefully-preserved decades-old vintages and two-for-a-tenner bottles of plonk on sale in the supermarket, not least the price tags. Why is Petrus so expensive apart from the common logic of supply and demand? Because of the magic of Bordeaux, it takes a while to develop the complex secondary and tertiary characteristics of cedar, leather, and tobacco. Subscribe to our magazine to stay in the know. No. The wines were ranked in importance from first to fifth growths (crus), with four first growths listed initially (Mouton Rothschild was added in 1973). The growing season follows a similar pattern to 2016, 2018 and 2019, in that we had a wet spring followed by a dry, hot summer, topped off by a warm, dry harvest. In 1868 the Chteau was purchased by Baron James Mayer Rothschild for 4.4 million francs, and the estate became Chteau Lafite Rothschild. Deep in colour, it has a classic Pauillac nose with intense black fruit mixed with pencil shavings and black truffles. answer the question why is 1982 lafite so expensive, which will help you get the most accurate answer. Although your wine cellar might be valuable, sharing bottles with friends is priceless. [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. 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. Within the five rarefied first growths, Lafite is perhaps the wine with the best reputation for quality and longevity, commanding correspondingly high prices. Registered in England and Wales No. From Barolo to Bordeaux, these wines are steeped in tradition. A bottle of 1869 Chteau Lafite Rothschild holds the world record for the most expensive bottle of wine sold at auction for $233,973 in 2010. Nov 22, 2010. The mystique extends beyond the wine in Beijing, there is a La Fite. 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.

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