Although Lafite was still somewhat unknown in China, it had been a household word around the world for centuries, dating its history back until at least the 1200s. 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. Simply put it, it's just so good! During the ageing period, the wine would have been regularly racked and then fined before bottling. Wholesalers' Online Wine Claims Don't Stand Up, Chile Seduces China and a Winemaker Romance, Some Comfort for Wine Ponzi Scheme Victims, Popularity relative to other wines, spirits and beers, Chateau Lafite Rothschild 'Carruades de Lafite', Chateau Lafite Rothschild Vertical Collection, Chateau Lafite Rothschild The Almanac Case, Chateau Lafite Rothschild 'Carruades de Lafite' The Curve Vertical. That is certainly the case with the 1982 Lafite. Those 2,000 bottles covered 169 vintages taken from the personal family cellar of Baron ric de Rothschild. Users have rated this wine 4.5 out of 5 stars. Rather more closed on the nose. [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. Not only that, but while Hong Kong had its share of wealthy collectors, wine drinking was not yet widespread in mainland China. Mobile: +254 798 368 561. The grapes are grown in the best vineyards in Bordeaux and are carefully selected to create the perfect blend. Christoph Salin. [1], Situated in the wine-producing village of Pauillac in the Mdoc region to the north-west of Bordeaux, the estate was the property of Gombaud de Lafite in 1234. Salin reached into Lafites caves and pulled out 1,000 cases to sell of the 1982 vintage, arguably the best of the century. 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. To stimulate interest, Salin had pulled out all the stops. 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. Chteau Mouton Rothschild was promoted to the Premier Grand Cru Class after a long campaign for promotion in 1973. Cabernet Sauvignon, Merlot, Cabernet Franc & Petit Verdot. why is 1982 lafite so expensive. Bloomberg Best features the best stories of the day from Bloomberg Radio, Bloomberg Television, and 120 countries around the world. To give you the best search experience, we use cookies for remembering your search filters, personalizing content, and analyzing how the website is used. Within the five rarefied first growths, Lafite is perhaps the wine with the best reputation for quality and longevity, commanding correspondingly high prices. The perception that nothing much changes in Bordeaux has been shaken by the surprise decision of two top producers. Merlot has become more prominent in recent vintages, as has a more traditional approach by Salin and Chevalier. Asia House Let us guide you through the process behind investing in fine wine. 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. 03606414. And the owners of Lafite's range of basic Bordeaux generic wines called Lgende sell . 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. [2] In 1797 the vineyards were sold to a group of Dutch merchants.[5]. Ritchie took his place and the bidding began. It simply oozes class. Direct from the producer, in-stock and available for sale at the price shown. [9][10][11][12][13][14] The authenticity of the bottle has been challenged. Wine investment insights delivered straight into your inbox weekly. 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. 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. Many people do not know why Lafite '82 is expensive, now I will tell you. 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). 6 bottles per lot. The fresh wine was then aged in new barriques, produced at Lafites own cooperage, for almost two years before bottling. If youre looking for a special bottle of wine to splurge on, Lafite is a great option. The 20th century has seen periods of success and difficulty, coping with post-phylloxera vines, and two world wars. 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. 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! But what happened that night wasnt just a coup for Lafite. In-stock and available for sale at the price shown. And it was our thank you to China for helping us through the years., But what happened that night wasnt just a coup for Lafite. It is considered by some to be the best wine to come out of Bordeaux. 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. 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. 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. In October 2019, the 2017 vintage of Long Dai its first went on sale in Europe. BEVERLY HILLS A case of 1982 Chateau Lafite Rothschild Pauillac, one of three such cases with bottles in original tissue, realized $41,175 to top Heritage Auctions' $1.76 million Wine Signature Auction, which sold 100% by value and 100% by lot. In 1982, Lafite became the representative of high-end wine in the eyes of most Chinese people because of the promotion of Hong Kong movies, and then became the representative of the entire wine community. This means that every time you visit this website you will need to enable or disable cookies again. This vintage could well go down in history as the most expensive bottle of wine never sold. For power there are other chteaux, but for elegance and finesse, then Lafite should be your wine. 2022 Distillery.Sale All rights reserved. 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. Should go on for decades." Check with the merchant for stock availability. Lafite is approachable in youth with a beautiful fragrant fruit character, however it will be fascinating to taste their younger vintages, such as 2009, 2010, 2015 and 2016 when they are fully matured. Were the worlds first wine discovery platform with a simple matchmaking mission: to pair people with bottles that bring them joy. The significant role played by bitcoin for businesses! Although your wine cellar might be valuable, sharing bottles with friends is priceless. Some less well equipped estates had trouble controlling fermentations during the hot weather, but this was not an issue at Lafite. But Salin had something up his sleeve that he hoped would give the auction a boost. He enjoys participating in the final blending, though is willing to be overruled by his team of professionals. 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. In some cases, it will be different depending on the vintage character. Offered in The Treasury: Finest Wines from a Peerless Collection on 29 September 2022 at Christies in London. 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! Amazon Pauses Construction on Second Headquarters in Virginia as It Cuts Jobs, Stock Traders Are Ignoring Blaring Bond Alarms, iPhone Maker Plans $700 Million India Plant in Shift From China, Russia Is Getting Around Sanctions to Secure Supply of Key Chips for War. The price of other Bordeaux wines rose as well. Learn More >, The Drop is an online magazine that connects people to wines theyll love. More shipping infoShipping info. Inglenook Cabernet Sauvignon Napa Valley, 1941 17,250. Take a wild guess. Unfinished and not yet bottled. With his camera, James Molesworth looks at the region known as the Left Bank of France for its prime Cabernet Sauvignon grapes. More shipping infoShipping info, Guaranteed provenance The best aged red wines tend to be Port, cabernet sauvignon, merlot, sangiovese, monastrell, cabernet franc, nebbiolo, malbec, and syrah. These wines, on the other hand, have a vibrant acidity and a firm tannic structure, allowing them to age gracefully. Please sign in or create a free account to . Theres no winemaker at Lafite, but the technical director then was Jean Crt (ex-Loville-Las-Cases). In 1994, Bordeaux was experiencing a sluggish sales period, so chteaux were raiding cellar reserves and selling previous vintages cheaply. Estimated to reach $8,000, it sold for $233,972, making it the most expensive 750ml bottle of wine on the planet. Pauillac is a well-regardeda commune and appellation on Bordeaux's Mdoc peninsula. 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 wines were ranked in importance from first to fifth growths (crus), with four first growths listed initially (Mouton Rothschild was added in 1973). The first reference dates back to 1234 and the name Lafite derives from the historic language term fite, which means mound or hillock, and describes their plateau which is one of the highest spots in the appellation. Bottled and stored with producer, excludes shipping and tariffs. Lafite lies at the northern end of Pauillac. This particular bottle had the initial Th.J etched into it the markings of enthusiastic oenophile Thomas Jefferson. It became the most expensive wine ever sold when the hammer went down at the final price of $233,972. Because his zodiac sign was Aries, Baron Philippe de Rothschild depicted two rams in his coat of arms. Regardless of whether the Lafite is in a bottle or a magnum, it should be included in your fine wine collection. It was predicted to earn about $666 a bottle, assuming there were buyers. Some estates overcropped as the yield was generous, but dilution was rare. [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. Salin had also created a special label for the 2008 vintage. The vintages are well-known and highly regarded by wine experts. Finally, the legend of Lafite '82 is shared by those in the community: first a group of Hong Kong tycoons started drinking it, when it was considered a status symbol to drink Lafite, and choosing an '82 Lafite was a reflection of taste; then it became popular among a group of Wenzhou businessmen living in Europe to drink a wine called Lafite, and now it is the businessmen from Zhejiang, in addition to Wenzhou, who are starting to speculate on Lafite '82. Talk about opening with a bang! Within the five rarefied first growths, Lafite is perhaps the wine with the best reputation for quality and longevity, commanding correspondingly high prices. In 1868 the Chteau was purchased by Baron James Mayer Rothschild for 4.4 million francs, and the estate became Chteau Lafite Rothschild. It . I was so happy that day! [7][8], At the 5 December 1985 Christie's auction, a new record price of approximately US$156,000 was paid for a bottle of wine a 1787 Chteau Lafite which was thought to be owned by Thomas Jefferson. Krftiges Rubingranat, gute Farbtiefe, orangefarbene Reflexe, breiterer Wasserrand. A bottle of Lafite Rothschild costs around $500. Past performance is not indicative of future results. 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. We reach the climax of our series on the world's most searched-for wines, but there's a surprising omission. In fact, at the beginning, 82 Lafite was a line of a movie, and then gradually evolved into an expression bag. In China, they wanted to drink Lafite with Sprite. Salin remembers. Since then, the overall Chinese wine market has become globally significant. Join one of our online webinars to hear from experts on the market. Offered in The Treasury: Finest Wines from a Peerless Collection on 29 September 2022 at Christies in London. 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 designations remain in force today, putting Lafite at the pinnacle of Bordeaux. A bottle of Lafite can cost upwards of $500, making it one of the most expensive wines on the market. There was also plenty of the 2008 vintage on offer, but its fate was less certain. So, what makes Lafite wine so expensive? Will His AI Plans Be Any Different? The unusually warm growing season resulted in grapes of perfect ripeness and enormous concentration and richness. Once again, the 1982 Lafite is at its peak (i.e. Chateau Lafite is considered an expensive wine, but its price point varies depending on the vintage. Since then, it has been a consistent producer of one of the world's most expensive red wines. The 1982 vintage was a turning point, after which the quality of Lafite began to become solid. If you disable this cookie, we will not be able to save your preferences. Privacy Policy, The Treasury: Finest Wines from a Peerless Collection. Not only was the wine famous, it was also a First Growth chateaux. The 1982 Chteau Lafite-Rothschild, from magnum, is a bit rough around the edges, but still striking in its beauty. When the 1855 classification was made, Lafite was listed first among the four first growths earning the reputation 'the first among the firsts'. It was predicted to earn about $666 a bottle, assuming there were buyers. 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. - 94/100, Tom Cannavan, Standard delivery next day - Dusseldorf - Germany. More importantly, it was one of only four Bordeaux wineries given the top First Growth rating when the regions wine merchants drew up a. . 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! Salin had not only helped open up the Chinese market for fine wines, he was now helping to open Western markets to prestige wines made in China. 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. Soon after, it was available in the United States at $300 (now $600). It is important to note that the final blend is almost always close to 90% Cabernet Sauvignon. (AG) (3/2014) Good full, deep red. This is not a bad thing, but it is slightly 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. Chteau Lafite Rothschild has a rich and fascinating history. Registered in England and Wales No. 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. Copyright 2023 Cult Wines Ltd. All Rights Reserved. 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. Our company is the leading company of still equipment in China, with the strength of providing vodka, gin, run, whisky, brandy making machines. Chteau Only twelve copies of this doll were made by Mattel. You can find out more about which cookies we are using or switch them off in settings. This beverage is very sleek, full of black tea, currant, and crushed fig fruit, as well as subtle smoke, incense, and tar. When Salin joined Lafite as its new director in 1985, he intended to use Lafites reputation to full advantage. 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. It is undoubtedly one of the very best wines to come out of Bordeaux. [15] On 29 October 2010 the record was broken at a Sotheby's auction in Hong Kong three bottles of 1869 Chateau Lafite-Rothschild were sold for HK$1.8M (US$232,692) each.[16]. ). 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. The wine is typically aged for at least 18 months, and sometimes up to 24 months, before it is released. Chateau Margaux creeps into the top 10 again with its limited edition 12-litre 2009 vintage. Christies International Head of Wine Tim Triptree MW explains why its so highly sought after. Even the best Bordeaux only lasts around 50 years, so why the incredible price tag for this one in 1985? As our search for the world's most popular wines nears its end, we visit one of the great regions. Lafite currently has 112 hectares under vine and is planted to 70% Cabernet Sauvignon, 25% Merlot 3% Cabernet Franc and 2% Petit Verdot. Led by media professionals, The Drop is an entity in its own right, free of commercial interference of any kind. 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. That initial purchase was the start to Lafite Rothschild becoming the most expensive, sought after brand in the Chinese and Asian markets. When we discussed the 08, I said, Why dont we do that? Salin recalls. Lafite was officially ranked first in the list of the 1855 Classification of the Bordeaux Grands Crus Classs prepared for the Universal Exhibition in Paris in the same year. $ 3,548.92. Analysis of the reasons for this may be as follows. Succeeding his uncle lie de Rothschild, Lafite has been under the direction of ric de Rothschild from 1974 to 2018, when he was succeeded by his daughter, Saskia de Rothschild. It has a fruity taste with a hint of oak. Yes, take me to the Asia edition 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). The wine producers were classified according to a chteaus reputation and trading price, which, at that time, was directly related to quality. A variety of chteaux can be used for power, but Lafite is the ideal wine for elegance and grace. Billed by many as the finest wine ever produced by the estate, only six bottles have been made, and one was sold to an Asian buyer in Dubai in 2013 for an eye-watering 122,380. Great length and probably a few years off its peak. It looks like a hill, and Lafite is located on the slope of a hill. Amongst these Pauillac wines, Lafite has always held a particular allure. Price. 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. Will there be any dramatic changes at the heart of the wine world? This week's news roundup covers all the major themes romance, money and crime. The palate is wonderfully concentrated and sonorous; it seems to extend in a column of dense black fruit. 1982 Bottle (750ml) 1982 Chateau Lafite Rothschild, 750 ml. CA: Los Angeles. There is no doubt that this is one of the best Bordeaux wines ever made. [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. But Salin had something up his sleeve that he hoped would give the auction a boost. 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Four different kinds of cryptocurrencies you should know. It was rated second class after being classified as Deuxime Grand Cru in 1855. Acidities were fairly low, but the best wines, such as Lafite, had sufficient tannic grip and structure to ensure a long, interesting life. In 2011, he moved forward with planting grapes in Chinas Shandong Province and soon after built a new winery named. This website uses cookies so that we can provide you with the best user experience possible.
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