Maybe youre looking for the perfect prosecco to bring to a surprise party. 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. This beverage is very sleek, full of black tea, currant, and crushed fig fruit, as well as subtle smoke, incense, and tar. In some cases, it will be different depending on the vintage character. 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. Inglenook Cabernet Sauvignon Napa Valley, 1941 17,250. Chateau Lafite is considered an expensive wine, but its price point varies depending on the vintage. Looking at the wine retail shelves raises one question: where's the Bordeaux? Secondly, despite its previous reputation, Lafite was not very consistent into the last century, due to Phylloxerra, which swept across the continent, and the effects of the two world wars, and some of the good years were quite mediocre. 2010 saw a return to form. 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. Wine Lists. There are a few factors that contribute to the high cost of Lafite wine. Please sign in or create a free account to . [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. Lafite in particular has maintained a youthful character, developing harmony as it ages. It's not just an asset, it's an experience. Join one of our online webinars to hear from experts on the market. 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. Bordeaux are known for their age-ability. Today the vineyard is 107 hectares, but back then it was about 90ha still larger than any other first growth. It is considered by some to be the best wine to come out of Bordeaux. Hassle-free and easy, our plans and fees are simple and transparent. Regardless of whether the Lafite is in a bottle or a magnum, it should be included in your fine wine collection. And it would be a public humiliation for one of the wine worlds premier chteaux. In China the name Lafite has the most extraordinary and unexpected resonance. The first two bottles of the lucky 2008 vintage, with an estimated lot price of $6,000 to $8,000, sold for $34,316 each. Retail Wines Well, youd hardly keep it under the stairs, would you? 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. GB 129 9514 84 | AWRS No. Although your wine cellar might be valuable, sharing bottles with friends is priceless. This website uses cookies so that we can provide you with the best user experience possible. 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. [17] In 2019, the estate debuted its first vintage from its Domaine de Long Dai winery in Shandong. And Salin had another plan in motion. It became the most expensive wine ever sold when the hammer went down at the final price of $233,972. The purity of fruit here really pushes through to the finish. The next morning, the price of the 2008 Lafite jumped 20% on the key London markets. If you disable this cookie, we will not be able to save your preferences. Chteau Lafite Rothschild has a rich and fascinating history. On this, the first day of the auction, Ritchie had 2,000 bottles of. The mystique extends beyond the wine in Beijing, there is a La Fite. Learn More >, The Drop is an online magazine that connects people to wines theyll love. 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. Past performance is not indicative of future results. This term has been used in the past with disastrous results. Why is 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. As our search for the world's most popular wines nears its end, we visit one of the great regions. Musk Made a Mess at Twitter. A variety of chteaux can be used for power, but Lafite is the ideal wine for elegance and grace. Pauillac is a well-regardeda commune and appellation on Bordeaux's Mdoc peninsula. To give you the best search experience, we use cookies for remembering your search filters, personalizing content, and analyzing how the website is used. 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. Chateau Ducru-Beaucaillou, Saint-Julien, France, Chateau La Mission Haut-Brion, Pessac-Leognan, France. Estimate: 3,0004,000. Why is Lafite so expensive? 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 . In 1868 the Chteau was purchased by Baron James Mayer Rothschild for 4.4 million francs, and the estate became Chteau Lafite Rothschild. Chateau Margaux creeps into the top 10 again with its limited edition 12-litre 2009 vintage. 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 Chteau Lafite-Rothschild 1986. Wine Legend: Chteau Lafite-Rothschild 1982, Pauillac, Bordeaux, France Bottles produced: No record Composition: 65% Cabernet Sauvignon, 29% Merlot, 6% Cabernet Franc Yield: 40 hectolitres per hectare Alcohol level: 12.5% Release price: 170 francs per bottle (around 17), which rose on the export market to 225Fr (22.50) A year after he took over the management in 1974, he hired Professor Emile Peynaud as consultant. It was going to be a tough day, and neither Ritchie or Salin, the CEO of DBR Lafite, the company behind Lafite, were certain the wines would attract anything like the prices they were hoping for. The 20th century has seen periods of success and difficulty, coping with post-phylloxera vines, and two world wars. Users have rated this wine 4.5 out of 5 stars. 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! 06350591 | VAT No. Bottled and stored with producer, excludes shipping and tariffs. Robert Parker said the wine reveals considerable tannin as well as amazing, atypical power and concentration for Lafite, and rated it 100. Half of those cases went to China. Wine Investment, Tagged: It was rated second class after being classified as Deuxime Grand Cru in 1855. Manage Cookies Accept & Continue. 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. Offered in The Treasury: Finest Wines from a Peerless Collection on 29 September 2022 at Christies in London. 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 soil is deep gravel on perfectly drained, gently undulating slopes. The wines were ranked in importance from first to fifth growths (crus), with four first growths listed initially (Mouton Rothschild was added in 1973). 12 bottles per lot. This is not a bad thing, but it is slightly different. 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. 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. Not only that, but while Hong Kong had its share of wealthy collectors, wine drinking was not yet widespread in mainland China. 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. For me, the magic of Bordeaux requires patience, the wines need time to evolve their complex secondary and tertiary characteristics of cedar, leather and tobacco. Mixed formats support both near- and long-term drinking. 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). So, now you know why the '82 Lafite is so expensive, right? Sold in 2004, this is regarded as one of the most expensive American wines ever sold. 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. Second, the grapes used to make Lafite wine are of the highest quality. Our wine director takes a more detailed look at his picks from the most recent Bordeaux vintage, appellation by appellation. Christoph Salin. The chteaux take these reactions into account when they come up with the wines release price. [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. When young, it is really difficult to understand despite being more . Chateau Lafite Rothschild is known for its best drinking and should reach its peak maturity between the ages of 15 and 60. 1982 Bottle (750ml) 1982 Chateau Lafite Rothschild, 750 ml. In the white corner by which one generally means Sauternes the best vintages years are 2015, 2014, 2011 and 2009. Little did he know that the "82 Bordeaux would be released to the public as being slow to ripen and full of potential. There was also plenty of the 2008 vintage on offer, but its fate was less certain. 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. Wine drinkers should begin drinking wine about 11 a.m. to 1 p.m. to get the best flavor. The designations remain in force today, putting Lafite at the pinnacle of Bordeaux. 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. Estimate: 3,0004,000. You can find out more about which cookies we are using or switch them off in settings. 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. 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. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX. It has a fruity taste with a hint of oak. Rather more closed on the nose. 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. Photo courtesy of DBR Lafite. Simply put it, it's just so good! 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. No. The wine producers were classified according to a chteaus reputation and trading price, which, at that time, was directly related to quality. The night had turned into a bidding frenzy, with price after price shattered. 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. 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. But what happened that night wasnt just a coup for Lafite. (2002) Similar colour, but has retained more depth at core. 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. Producer. $ 3,548.92. Chateau Margaux, 2009 - 122,380. In addition to being one of the first growth wines from Bordeaux, it is one of the most expensive. Chateau Lafite Rothschild 1982 Cheval Blanc 1982 Petrus 1982. 2022 Distillery.Sale All rights reserved. Each spring after harvest, an event called En Primeur takes place, to which wine merchants and journalists are invited to taste the wine while its still in the barrel. Occasionally exceptions are made, such as the 1961 vintage which was 100% Cabernet Sauvignon. 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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. When Salin joined Lafite as its new director in 1985, he intended to use Lafites reputation to full advantage. Once again, the 1982 Lafite is at its peak (i.e. The bottles had been shipped directly from Lafites own cellars; among them, a bottle of 1869 Lafite, its price estimated at $8,000. 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. With Christmas around the corner, here's this year's best Bordeaux in case you need to stock up. Critic tasting note: "(2002) Similar colour, but has retained more depth at core. Within the five rarefied first growths, Lafite is perhaps the wine with the best reputation for quality and longevity, commanding correspondingly high prices. This rare six-litre bottle of Bordeaux wine was sold to a private collector during a sale at Christies in Geneva. 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. If youre looking for a special bottle of wine to splurge on, Lafite is a great option. Its vines are Cabernet Sauvignon, Cabernet Franc and Marselan. Chteau Lafite-Rothschild 2005. 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. Good luck getting hold of a bottle, though, the vintage is available in maddeningly small quantities. During the Second World War the Chteau was occupied by the German army, and suffered heavily from plundering of its cellars. 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. On this, the first day of the auction, Ritchie had 2,000 bottles of Chteau Lafite Rothschild to put under the hammer. 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 Japanese specialty has burst free of its traditional market and is getting consumers very thirsty indeed. The fresh wine was then aged in new barriques, produced at Lafites own cooperage, for almost two years before bottling. Could there be a changing of the guard among Bordeaux's top producers? If this first auction day failed, it forecast doom for the chteaux offering their wines on subsequent days. 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. Critics have scored this wine 95 points. Within the five rarefied first growths, Lafite is perhaps the wine with the best reputation for quality and longevity, commanding correspondingly high prices. The harvest began early, on 16 September. When the 1855 classification was made, Lafite was listed first among the four first growths earning the reputation 'the first among the firsts'. Yes, take me to the Asia edition drinkable). 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. The wines are then released to wholesalers, who get it at a lower price than everybody else. There was also plenty of the 2008 vintage on offer, but its fate was less certain. Christies International Head of Wine Tim Triptree MW explains why its so highly sought after. Brand The coveted title of most expensive Champagne is constantly on the move, claimed by just two other vintages during the last decade. Generally speaking, Lafite takes about 25 years to blossom in a strong vintage; the 1999, from a less powerful year, is just starting to develop secondary nuances, the herbal and savory notes that . For power there are other chteaux, but for elegance and finesse, then Lafite should be your wine. 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. View our latest reports to see how the fine wine market is doing. 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). Stores and prices for '1982 Chateau Lafite Rothschild, Pauillac' | tasting notes, market data, prices and stores in Singapore. [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]. You are wondering about the question why is 1982 lafite so expensive but currently there is no answer, so let kienthuctudonghoa.com summarize and list the top articles with the question. The 1982 vintage was a turning point, after which the quality of Lafite began to become solid. The most important thing for Chinese people is their face. Should go on for decades. Talk about opening with a bang! A good Bordeaux from a good year can age for decades because the tannins in the wine act as a natural preservative. 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. Cabernet Sauvignon is the dominant variety, but in some vintages Cabernet Franc, Petit Verdot and Merlot play a part in the blend. 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. The palate is wonderfully concentrated and sonorous; it seems to extend in a column of dense black fruit. The Clockwork Building, 45 Beavor Lane, London W6 9AR, Reg Company No. 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. Even the best Bordeaux only lasts around 50 years, so why the incredible price tag for this one in 1985? Duhart-Milon, a separate estate in the Lafite portfolio, is located just west of Lafite. 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. A bottle of 1869 Lafite had an estimated price of $8,000.
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