With Christmas around the corner, here's this year's best Bordeaux in case you need to stock up. According to the 1855 Classification of the Bordeaux Grands Crus Class prepared for the Universal Exhibition in Paris, Lafite was officially ranked first. [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. 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. Led by media professionals, The Drop is an entity in its own right, free of commercial interference of any kind. 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. The fresh wine was then aged in new barriques, produced at Lafites own cooperage, for almost two years before bottling. Will His AI Plans Be Any Different? And he, Robert Parker, a relatively new and little-known American wine critic, staked his life on the credibility of that vintage as one of the best of the 20th century. Why is chateau lafite rothschild so expensive? 2010 saw a return to form. 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 purity of fruit here really pushes through to the finish. 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. Rothschild, however, died just three months after purchasing Lafite. Discover our range of fine wines from around the world. 12 bottles per lot. Lafite only produces a few thousand cases of wine each year, which drives up the price. For power there are other chteaux, but for elegance and finesse, then Lafite should be your wine. This lengthy aging process adds to the cost of the wine. The estate then became the joint property of his three sons: Alphonse, Gustave and Edmond Rothschild. The Most Expensive Bottle of Wine in the World (For Now) Other full-bodied wines with robust structures will also age well, but we zeroed in on these nine as our top choices for the cellar treatment. Cult Wines is proudly invested in offsetting carbon emissions through dedicated projects around the world, championing sustainability, supporting ethical practices and actively contributing to the future of the wine industry with impactful initiatives. Chateau Lafite Rothschild 1982 Cheval Blanc 1982 Petrus 1982. The fight between Chteau Mouton Rothschild and Bordeaux was one of the most significant in modern history. articles a month for anyone to read, even non-subscribers! Retail Wines Wine Legend: Chteau Lafite-Rothschild 1982 - Decanter ). [9][10][11][12][13][14] The authenticity of the bottle has been challenged. Why is Lafite so expensive in 1982 - iMedia Or youre an unabashed cork dork hunting for that Slovenian stunner you sipped on vacation. Christian Seely, Bordeauxs director of estates, oversees a portfolio that includes the estates of Pichon-Longueville-Baron, Pibran, Petit-Village, and Suduiraut. Brand Registered in England and Wales No. If you continue to use this site we will assume that you are happy with it. Critic tasting note: "(2002) Similar colour, but has retained more depth at core. The soil is deep gravel on perfectly drained, gently undulating slopes. More shipping infoShipping info. Case of 1982 Lafite tops auction at $42k 12 May 2014 By Lauren Eads An original wood case of Chateau Lafite Rothschild 1982 was the top selling item at Zachys' New York Spring auction this. Since then, Parker's reputation has grown, his following has grown, and his influence has grown. The remaining vintage years of the 21st century have all otherwise been reasonable quality, although the 2013, 2010 and 2005 stand out above the rest. Understanding Price: Behind The World's Most Expensive Wines During the ageing period, the wine would have been regularly racked and then fined before bottling. $ 3,548.92. 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. Our wine director takes a more detailed look at his picks from the most recent Bordeaux vintage, appellation by appellation. 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. Merlot has become more prominent in recent vintages, as has a more traditional approach by Salin and Chevalier. World's Most Expensive Wines - Forbes It looks like you're in Asia, would you like to be redirected to the Serious collectors dont deal in small fry, but are their chequebooks up to the cash demands of the most expensive wines in the world? 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. 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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. - Dusseldorf - Germany. More shipping info. As our search for the world's most popular wines nears its end, we visit one of the great regions. 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. The winning bid was by far the highest price ever paid for a single bottle of wine. Amongst these Pauillac wines, Lafite has always held a particular allure. 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 vintage 1869 bottles -- sold in a single lot -- went for multiples more than expected . Photo courtesy of DBR Lafite. Since then, the overall Chinese wine market has become globally significant. Simply put it, it's just so good! Since then, it has been a consistent producer of one of the world's most expensive red wines. Within the five rarefied first growths, Lafite is perhaps the wine with the best reputation for quality and longevity, commanding correspondingly high prices. Covid has seen a lot of unspent wealth build up and wine is reaping the benefits. Lafite "is such a generic brand in China that it has widespread appeal as a name and as a status symbol," Mr. Boyce said. As the room filled up, Christoph Salin must have wondered if his bold strategy would pay off, because the stakes could not have been higher. So, now you know why the '82 Lafite is so expensive, right? The tannins are well balanced and the finish is smooth. The unusually warm growing season resulted in grapes of perfect ripeness and enormous concentration and richness. In Bordeaux, as almost anywhere else in the world of fine wine, wines get more expensive as they get older, and that effect accelerates the older the wine becomes. The 2005 and 2000 vintages of Carruades de Lafite have skyrocketed in price due to increased demand from China, with the 2005 vintage fetching more than 10,000 per case and the 2000 vintage fetching nearly 12,000. In 1994, Bordeaux was experiencing a sluggish sales period, so chteaux were raiding cellar reserves and selling previous vintages cheaply. 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). Occasionally exceptions are made, such as the 1961 vintage which was 100% Cabernet Sauvignon. More shipping infoShipping info, Guaranteed provenance Why is Petrus so expensive apart from the common logic of supply and demand? 1982 Lafite-Rothschild, Pauillac (1.5L) - SKU 998155 - K&L Wines Chteau Lafite Rothschild has a rich and fascinating history. Price. Mobile: +254 798 368 561. This beverage is very sleek, full of black tea, currant, and crushed fig fruit, as well as subtle smoke, incense, and tar. A bottle of Lafite can cost upwards of $500, making it one of the most expensive wines on the market. He enjoys participating in the final blending, though is willing to be overruled by his team of professionals. The 2008 was a good, but not great, vintage and the scores it had achieved from the all-important wine critics reflected that. The history of Chteau Lafite Rothschild is rich and fascinating. In some cases, it will be different depending on the vintage character. In China, they wanted to drink Lafite with Sprite. Salin remembers. 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A bottle of Lafite can cost upwards of $500, making it one of the most expensive wines on the market. Cabernet Sauvignon is the dominant variety, but in some vintages Cabernet Franc, Petit Verdot and Merlot play a part in the blend. Those 2,000 bottles covered 169 vintages taken from the personal family cellar of Baron ric de Rothschild. There is a deep seam of black plum and liquorice with some nuances of minerals and earth, but this is deep, dense and savoury. It simply oozes class. Today, Lafites 112-hectare vineyard consists of three main areas: the slopes around the Chteau, the adjacent Carruades plateau to the west and a 4.5 hectare plot in the neighbouring commune of Saint Estphe, which historically has been allowed into Lafite and thus the Pauillac appellation. Were the worlds first wine discovery platform with a simple matchmaking mission: to pair people with bottles that bring them joy. It looks like a hill, and Lafite is located on the slope of a hill. With his camera, James Molesworth looks at the region known as the Left Bank of France for its prime Cabernet Sauvignon grapes. The night had turned into a bidding frenzy, with price after price shattered. When Salin joined Lafite as its new director in 1985, he intended to use Lafites reputation to full advantage. There was also plenty of the 2008 vintage on offer, but its fate was less certain. Slightly high-toned, highly nuanced nose of currant, roasted meat, cedar, marzipan, smoke . This particular bottle had the initial Th.J etched into it the markings of enthusiastic oenophile Thomas Jefferson. The consumer price index jumped 6.8% from a year earlier, the fastest pace since 1982, as prices surged for staples such as food and gasoline, new and used cars, rent and physicians' services . Vintages at Chteau Mouton Rothschild are known for their distinct labels. Some estates overcropped as the yield was generous, but dilution was rare. The mystique extends beyond the wine in Beijing, there is a La Fite. Aile dArgent, at less than $100 per bottle, is more affordable, while Le Petite Mouton costs around $100. 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 is certainly the case with the 1982 Lafite. Chteau Lafite-Rothschild 2005. 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. Lafite lies at the northern end of Pauillac. That initial purchase was the start to Lafite Rothschild becoming the most expensive, sought after brand in the Chinese and Asian markets. Most often asked questions related to bitcoin! Then it indirectly helped to advertise Lafite '82. Ritchie took his place and the bidding began. Wine investment insights delivered straight into your inbox weekly. 1982 Lafite Rothschild Bordeaux Red - Sokolin LLC The growing season was idyllic with both budburst and flowering occurring under perfect conditions. The 1982, considered one of the best vintages of last century, was the most expensive lot fetching $42,350, including a 21 percent commission known as buyers premium. It became the most expensive wine ever sold when the hammer went down at the final price of $233,972. The best wines, which Lafite is unquestionably in that category also have a freshness and vibrancy to balance the matured bouquet. 6 bottles per lot. In China the name Lafite has the most extraordinary and unexpected resonance. Christies International Head of Wine Tim Triptree MW explains why its so highly sought after. [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. Rather more closed on the nose. Bottled and stored with producer, excludes shipping and tariffs. 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. Cabernet Sauvignon, Merlot, Cabernet Franc & Petit Verdot. Bloomberg Best features the best stories of the day from Bloomberg Radio, Bloomberg Television, and 120 countries around the world. Trinken/lagern +40 Jahre. These nuances continue to evolve and change through the wines long life and the type of bottle format will also influence this evolution, as the general rule is that the larger the format the slower the evolution due to less oxygen compared to the volume of wine, which means those lucky enough to have magnums, double-magnums, jeroboams or imperials of Lafite can enjoy their wines over a longer drinking window period. Within the five rarefied first growths, Lafite is perhaps the wine with the best reputation for quality and longevity, commanding correspondingly high prices. Discover how your secure fine wine investment is stored. Stored in bonded warehouse with duty and sales tax suspended. Within the five rarefied first growths, Lafite is perhaps the wine with the best reputation for quality and longevity, commanding correspondingly high prices. Offered in The Treasury: Finest Wines from a Peerless Collection on 29 September 2022 at Christies in London. Should go on for decades." Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. First, the wine is produced in very limited quantities. . TOP 10 why is 1982 lafite so expensive BEST and NEWEST Some of the world's most famous wines. 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 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. We are using cookies to give you the best experience on our website. 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). 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. In France, Lafite became known as the King's wine, after being introduced to the Court at Versailles by Marchal Richelieu. We use cookies to ensure that we give you the best experience on our website. The price of other Bordeaux wines rose as well. Lafite currently has 112 hectares under vine and is planted to 70% Cabernet Sauvignon, 25% Merlot 3% Cabernet Franc and 2% Petit Verdot. Once again, the 1982 Lafite is at its peak (i.e. Coordinates: .mw-parser-output .geo-default,.mw-parser-output .geo-dms,.mw-parser-output .geo-dec{display:inline}.mw-parser-output .geo-nondefault,.mw-parser-output .geo-multi-punct{display:none}.mw-parser-output .longitude,.mw-parser-output .latitude{white-space:nowrap}451330N 04623W / 45.22500N 0.77306W / 45.22500; -0.77306. 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. The Wine and Spirits Wholesalers of America have claimed teenagers are buying wine online. Take a wild guess. Wine Investment, Tagged: Find out more about the people who make it work. And it was our thank you to China for helping us through the years.. From Barolo to Bordeaux, these wines are steeped in tradition. 1982 Bottle (750ml) 1982 Chateau Lafite Rothschild, 750 ml. Many people do not know why Lafite '82 is expensive, now I will tell you. 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. why is 1982 lafite so expensive - challengeairsea.net The style of wines proved a terrific shot in the arm for claret, especially on the US market. Winemakers have discovered that vines which yield a smaller amount of fruit make better wines because there is a greater concentration of flavor in the grapes. The past few years have seen big price hikes for fine wine, but market patience might be wearing thin. 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. drinkable). The bottles had been shipped directly from Lafites own cellars; among them, a bottle of 1869 Lafite, its price estimated at $8,000. Estimate: 3,0004,000. The wine has a long history dating back to the 18th century, and the name Lafite is synonymous with quality and luxury. 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. The general rule with all red meat is the leaner the meat, the lighter the wine this also applies to different cuts of beef or steak, although side dishes and sauces also have to be No longer confined to the realms of science fiction, AI is increasingly permeating all aspects of life. The wine producers were classified according to a chteau's reputation and trading price, which, at that time, was directly related to quality. Within the five rarefied first growths, Lafite is perhaps the wine with the best reputation for quality and longevity, commanding correspondingly high prices. 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. Winemaking practices have changed little at Lafite. Led by media professionals, The Drop is an entity in its own right, free of commercial interference of any kind. Is Chateau Lafite an expensive wine? The Premier Cru ponzi scheme has left thousands out of pocket, but there may be a glimmer of hope. It might say Bordeaux in the name, but this isn't some celebration of French wine dominance. A single night in Hong Kong in 2010 proved a turning point in the history of wine. [6], Following the French Revolution, the period known as Reign of Terror led to the execution of Nicolas Pierre de Pichard on 30 June 1794, bringing an end to the Sgur family's ownership of the estate which became public property. Analysis of the reasons for this may be as follows. For completeness we may include critic scores in our aggregation that we do not display. 1982 Chateau Lafite Rothschild Brings $41,175 To Lead Heritage Auctions It is considered by some to be the best wine to come out of Bordeaux. Grand Tasting of 1982 - Fine Wines SG Asia House 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. It was predicted to earn about $666 a bottle, assuming there were buyers. Copyright 2023 Cult Wines Ltd. All Rights Reserved. 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. Chateau Lafite tastes like a fine wine should taste. Lafite wine is among the most expensive wines in the world. Artists work is not compensated in the same way that other types of work are, but they are given a box of wine with their own vintage. Users have rated this wine 4.5 out of 5 stars. [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]. 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. And the owners of Lafite's range of basic Bordeaux generic wines called Lgende sell . This week's news roundup covers all the major themes romance, money and crime. So, what makes Lafite wine so expensive? Estimated to reach $8,000, it sold for $233,972, making it the most expensive 750ml bottle of wine on the planet. In 2011, he moved forward with planting grapes in Chinas Shandong Province and soon after built a new winery named Long Dai. Not only was the wine famous, it was also a First Growth chateaux. Its vines are Cabernet Sauvignon, Cabernet Franc and Marselan. But Salin had something up his sleeve that he hoped would give the auction a boost. Well, youd hardly keep it under the stairs, would you? There was also plenty of the 2008 vintage on offer, but its fate was less certain. Chteau Lafite-Rothschild 2005. Michael Broadbent rated it highly from the outset, and his subsequent notes remarked on its fragrance and slow evolution. A New Era Begins at Chteau Lafite as Baron de Rothschild Hands Estimate: 11,00014,000. ! Why is Lafite so expensive? - KnowledgeBurrow.com Past performance is not indicative of future results. After peaking in 2011, however, the price of some vintages halved in two years. Lafite, derived from the historic language term fite, which means mound or hillock, is said to have been first used in 1234. This vintage could well go down in history as the most expensive bottle of wine never sold. 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. 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. 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. 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. In fact, at the beginning, 82 Lafite was a line of a movie, and then gradually evolved into an expression bag. 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