Lafite only produces a few thousand cases of wine each year, which drives up the price. answer the question why is 1982 lafite so expensive, which will help you get the most accurate answer. 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. When Salin joined Lafite as its new director in 1985, he intended to use Lafites reputation to full advantage. Because his zodiac sign was Aries, Baron Philippe de Rothschild depicted two rams in his coat of arms. 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. Is Chateau Lafite an expensive wine? Amongst these Pauillac wines, Lafite has always held a particular allure. This is not a bad thing, but it is slightly different. 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. The unusually warm growing season resulted in grapes of perfect ripeness and enormous concentration and richness. The wines are then released to wholesalers, who get it at a lower price than everybody else. [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. The estate then became the joint property of his three sons: Alphonse, Gustave and Edmond Rothschild. 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. Lafite, derived from the historic language term fite, which means mound or hillock, is said to have been first used in 1234. Should go on for decades." 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. Retail Wines The palate is wonderfully concentrated and sonorous; it seems to extend in a column of dense black fruit. That initial purchase was the start to Lafite Rothschild becoming the most expensive, sought after brand in the Chinese and Asian markets. 82 years Lafite why so expensive - Distillery.sale The estate, which is owned and operated by the family, produces a wide range of wines, including red, white, and ros. The 2011 in particular has immense aging potential. Analysis of the reasons for this may be as follows. The chteaux take these reactions into account when they come up with the wines release price. Deep in colour, it has a classic Pauillac nose with intense black fruit mixed with pencil shavings and black truffles. 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. Because saliva builds up in the mouth all day, it can alter the taste of wine. Indeed, some criticised the vintage at the time for an almost Napa-like (thus atypical) opulence and predicted a short life for the wines. Acidities were fairly low, but the best wines, such as Lafite, had sufficient tannic grip and structure to ensure a long, interesting life. Pauillac has a fantastic terroir near the Gironde estuary, so a Lafite from this region is ideal. As a result, the appeal of this Pauillac wine has always been based on Lafite. 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. From Barolo to Bordeaux, these wines are steeped in tradition. 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. 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. In addition to the first growth, around a third of the wine is released as a second wine under the label Carruades de Lafite. Every year, a different artist is commissioned by the winery. why is 1982 lafite so expensive - challengeairsea.net Drinks Business Asia edition? The palate is wonderfully concentrated and sonorous; it seems to extend in a column of dense black fruit. All of these factors combine to make Lafite wine one of the most expensive wines on the market. It is considered by some to be the best wine to come out of Bordeaux. "There was a big round of applause, some cheers, and a little bit of shock and amazement," recalled Robert . Chteau Lafite-Rothschild 2005. And Salin had another plan in motion. The next morning, the price of the 2008 Lafite jumped 20% on the key London markets. The Anglocentric language of wine is increasingly exclusive to the wider wine world. The harvest began early, on 16 September. Wine investment insights delivered straight into your inbox weekly. 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. Should go on for decades. Some less well equipped estates had trouble controlling fermentations during the hot weather, but this was not an issue at Lafite. 6 bottles per lot. Bordeaux are known for their age-ability. to put under the hammer. Discover how your secure fine wine investment is stored. Lafite was one of five wine-producing chateaus of Bordeaux originally awarded First Growth status in the 1855 Classification. Third, Lafite ages its wine for a longer period of time than most other producers. [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. 2 magnums per lot. Chteau Lafite Rothschild is a wine estate in the Pauillac region of the Mdoc, producing one of the most sought-after and expensive red wines in the world. A good Bordeaux from a good year can age for decades because the tannins in the wine act as a natural preservative. In October 2019, the 2017 vintage of Long Dai its first went on sale in Europe. 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. Rather more closed on the nose. Chateau Ducru-Beaucaillou, Saint-Julien, France, Chateau La Mission Haut-Brion, Pessac-Leognan, France. Mixed formats support both near- and long-term drinking. Estimate: 3,0004,000. A bottle of Lafite can cost upwards of $500, making it one of the most expensive wines on the market. So, now you know why the '82 Lafite is so expensive, right? Four good reasons to indulge in cryptocurrency! According to the 1855 Classification of the Bordeaux Grands Crus Class prepared for the Universal Exhibition in Paris, Lafite was officially ranked first. China and Bordeaux Wine, The Complete Story, Current Situation Today Hotlines/WhatsApp. 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. Chteau Mouton Rothschild was promoted to the Premier Grand Cru Class after a long campaign for promotion in 1973. The soil is deep gravel on perfectly drained, gently undulating slopes. Little did he know that the "82 Bordeaux would be released to the public as being slow to ripen and full of potential. Krftiges Rubingranat, gute Farbtiefe, orangefarbene Reflexe, breiterer Wasserrand. France: Paris [and Ile-de-France], Chateau Lafite Rothschild 1982 WL, [No Label], Chateau Lafite Rothschild 1982 Bouteille (75cl) ME ELA, [Slightly Damaged Mid Shoulder], Chateau Lafite Rothschild 1er Grand Cru Classe, Rouge, Pauillac, Chateau Lafite Rothschild 1982 Bouteille (75cl) ME ETLA, [Very Slightly Damaged Mid Shoulder], Chateau Lafite Rothschild 1982 MS, [Mid Shoulder], Chateau Lafite Rothschild 1982 TS SD, [Slightly Damaged Top Shoulder], Chateau Lafite Rothschild 1982 TS, [Top Shoulder], Chateau Lafite Rothschild 1982 THE EA, [Fairly Damaged Very Top Shoulder], Chateau Lafite Rothschild 1982 FD, [Fairly Damaged], Chateau Lafite Rothschild 1982 SD DC, [Slightly Damaged Damaged Capsule], Chateau Lafite Rothschild 1982 BN SD, [Slightly Damaged Base of Neck], Chateau Lafite Rothschild 1982 SD, [Slightly Damaged], Chateau Lafite Rothschild 1982 BN, [Base of Neck], France: Aquitaine, Chateau Lafite Rothschild France Red Pauillac Bordeaux, 750 ml, Chateau Lafite Rothschild France Red Pauillac Bordeaux, 5000 ml, Chateau Lafite Rothschild France Red Pauillac Bordeaux, 12 x 750 ml, Chateau Lafite Rothschild 1982 ETA CA, [Highly Damaged Damaged Capsule], Chateau Lafite Rothschild France Red Pauillac Bordeaux, 6 x 750 ml, Chateau Lafite Rothschild France Red Pauillac Bordeaux, 1500 ml, Chateau Lafite Rothschild France Red Pauillac Bordeaux, 3 x 1500 ml, Chateau Lafite Rothschild France Red Pauillac Bordeaux, 3 x 750 ml. Baron Eric de Rothschild, the current manager, was already running Lafite in 1982. Lafite in particular has maintained a youthful character, developing harmony as it ages. This was an headline vintage of outstanding quality throughout Bordeaux, with ripeness levels not seen for many years. In der Nase feines florales Bukett, nach Herzkirschen, zart nach Orangenzesten, Lakritze und Brombeeren klingen an, floral nach Lilien, ein Hauch von Zedernholz, Steinpilzen und Schokolade. 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. We reach the climax of our series on the world's most searched-for wines, but there's a surprising omission. The vintages are well-known and highly regarded by wine experts. Why has it managed to have such a high popularity in the country? 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. An auction of some of the region's best wines will raise funds to help Ukrainian victims of Russian aggression. 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. 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. 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 Copyright 2023 Cult Wines Ltd. All Rights Reserved. It was exceedingly wet the first half of the year and bone dry for much of the second half. The wines were ranked in importance from first to fifth growths (crus), with four first growths listed initially (Mouton Rothschild was added in 1973). Merlot has become more prominent in recent vintages, as has a more traditional approach by Salin and Chevalier. Since then, it has been a consistent producer of one of the world's most expensive red wines. Today the vineyard is 107 hectares, but back then it was about 90ha still larger than any other first growth. There are a few factors that contribute to the high cost of Lafite wine. Ritchie took his place and the bidding began. Subscribe to our magazine to stay in the know. 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. XVAW00000101625, You must be 18 or over, or the legal age in your region to use the services of Cult Wines. A bottle of Lafite can cost upwards of $500, making it one of the most expensive wines on the market. The acidity then rushes in at the very end, causing the wine to become longer. 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. Chteau Lafite Rothschild has a rich and fascinating history. Offered in The Treasury: Finest Wines from a Peerless Collection on 29 September 2022 at Christies in London. More shipping infoShipping info, Guaranteed provenance Wine drinkers should begin drinking wine about 11 a.m. to 1 p.m. to get the best flavor. Could there be a changing of the guard among Bordeaux's top producers? Grapes must be planted in well-drained soil, which is rich in fine, deep gravel and aeolian sand. The fight between Chteau Mouton Rothschild and Bordeaux was one of the most significant in modern history. Although it is less than 1 million a bottle of Kande red wine, I can't bear to drink it when I buy it back. Estimate: 11,00014,000. 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. PO Box 607Pismo Beach, CA 93448Phone: 805.541.5868Fax: 805.434.9380. Those 2,000 bottles covered 169 vintages taken from the personal family cellar of Baron ric de Rothschild. And Salin had another plan in motion. The Chardonnay at Chteau Lafite Rothschild is always more Merlot than the grand vin. Some of the world's most famous wines. Some estates overcropped as the yield was generous, but dilution was rare. The vintage 1869 bottles -- sold in a single lot -- went for multiples more than expected . The 1982 Lafite-Rothschild is a wine I have drunk several times, though maybe this is the first time in magnum. 1982 Chateau Lafite Rothschild Brings $41,175 To Lead Heritage Auctions There have been many notable events at the estate over the last century. [17] In 2019, the estate debuted its first vintage from its Domaine de Long Dai winery in Shandong. The 1982 vintage was a turning point, after which the quality of Lafite began to become solid. Our wine director takes a more detailed look at his picks from the most recent Bordeaux vintage, appellation by appellation. But what happened that night wasn't just a coup for Lafite. In France, Lafite became known as the King's wine, after being introduced to the Court at Versailles by Marchal Richelieu. Second, the grapes used to make Lafite wine are of the highest quality. 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. Our story, setting a new standard for fine wine investment. A single night in Hong Kong in 2010 proved a turning point in the history of wine. 2022 Distillery.Sale All rights reserved. Offered in The Treasury: Finest Wines from a Peerless Collection on 29 September 2022 at Christies in London. In contrast, due to Chinas average annual salary of just over $11,000, paying such a high price for a bottle of wine may be out of reach for some consumers. The 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! The bottles had been shipped directly from Lafites own cellars; among them, a bottle of 1869 Lafite, its price estimated at $8,000. There are a few factors that contribute to the high cost of Lafite wine. Lafite "is such a generic brand in China that it has widespread appeal as a name and as a status symbol," Mr. Boyce said. He enjoys participating in the final blending, though is willing to be overruled by his team of professionals. Why is Lafite so expensive in 1982 - iMedia Salin had also created a special label for the 2008 vintage. It has a fruity taste with a hint of oak. Hassle-free and easy, our plans and fees are simple and transparent. Irrespective of whether in bottles or magnums or larger, Lafite should be an important part of your fine wine collection. Chateau Lafite is considered an expensive wine, but its price point varies depending on the vintage. If youre looking for a special bottle of wine to splurge on, Lafite is a great option. 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. For completeness we may include critic scores in our aggregation that we do not display. Chteau Lafite in Bordeaux. 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. The mood inside the Mandarin Oriental, one of Hong Kongs most luxurious hotels, was anxious. A case of 1982 Chateau Lafite helped Christie's International raise $819,715 in its first exclusively online wine auction yesterday. 2010 saw a return to form. 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-stock and available for sale at the price shown. Four different kinds of cryptocurrencies you should know. Christian Seely, Bordeauxs director of estates, oversees a portfolio that includes the estates of Pichon-Longueville-Baron, Pibran, Petit-Village, and Suduiraut. [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. World's Most Expensive Wines - Forbes 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 Lucky Country has had a rough few years, but change is in the air. 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. Sold in 2004, this is regarded as one of the most expensive American wines ever sold. Duhart-Milon, a separate estate in the Lafite portfolio, is located just west of Lafite. 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. 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. Why is Lafite so expensive? 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. [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. It's not just an asset, it's an experience. The best wines, which Lafite is unquestionably in that category also have a freshness and vibrancy to balance the matured bouquet. Pauillac is a well-regarded a commune and appellation on Bordeaux's Mdoc peninsula. 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. Is it familiar? Users have rated this wine 4.5 out of 5 stars. 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. In China, they wanted to drink Lafite with Sprite. Salin remembers. We are using cookies to give you the best experience on our website. Years of use usually result in bottles costing several hundred dollars, and prices rise as they become scarcer. If you disable this cookie, we will not be able to save your preferences. There was also plenty of the 2008 vintage on offer, but its fate was less certain. [5] Towards the end of the 18th century, Lafite's reputation was assured and even Thomas Jefferson visited the estate and became a lifelong customer. On this, the first day of the auction, Ritchie had 2,000 bottles of. The designations remain in force today, putting Lafite at the pinnacle of Bordeaux. Its not a blockbuster year but the tannins and the fruit were ripe and we should see wines at the same quality level as 2012 (an underrated year in my book) or perhaps 2014. Flat Rate $9.99 Ground Shipping in CA Ship to the whole of the USA. Salin reached into Lafites caves and pulled out 1,000 cases to sell of the 1982 vintage, arguably the best of the century. 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. Regardless of whether the Lafite is in a bottle or a magnum, it should be included in your fine wine collection. The 2008 was a good, but not great, vintage and the scores it had achieved from the all-important wine critics reflected that. 1982 Bottle (750ml) 1982 Chateau Lafite Rothschild, 750 ml. Then it indirectly helped to advertise Lafite '82. 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. Chateau Lafite Rothschild is known for its best drinking and should reach its peak maturity between the ages of 15 and 60. 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. 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. It looks like a hill, and Lafite is located on the slope of a hill. [2] In 1797 the vineyards were sold to a group of Dutch merchants.[5]. The price of other Bordeaux wines rose as well. 1982 Lafite-Rothschild, Pauillac (1.5L) - SKU 998155 - K&L Wines Estimate: 3,0004,000. It is considered by some to be the best wine to come out of Bordeaux. Wine Legend: Chteau Lafite-Rothschild 1982 - Decanter Talk about opening with a bang! Three bottles of Chteau Lafite-Rothschild 1869 sold for HK$1.8 million each. 1982 Chateau Lafite Rothschild Pauillac, France, Chateau Lafite Rothschild Pauillac, France. On this, the first day of the auction, Ritchie had 2,000 bottles of Chteau Lafite Rothschild to put under the hammer. (Some up north on the left bank are even mentioning 2015). When we discussed the 08, I said, Why dont we do that? Salin recalls. 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. 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 . 1982 Chateau Lafite Rothschild - Wine-Searcher There was a lot at stake. Will His AI Plans Be Any Different? Wine has a proven track record of returns and resilience in an unstable market. takes place, to which wine merchants and journalists are invited to taste the wine while its still in the barrel. There is no doubt that this is one of the best Bordeaux wines ever made. This beverage is very sleek, full of black tea, currant, and crushed fig fruit, as well as subtle smoke, incense, and tar. The debonair Baron Eric is serious about his wines. Such resonance that Carruades de Lafite, the Bordeaux first growth's second wine and often a thin little thing, can command a higher price than super-second Ch Cos d'Estournel. This week's news roundup covers all the major themes romance, money and crime. 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. The wines are then released to wholesalers, who get it at a lower price than everybody else. The bottles had been shipped directly from Lafites own cellars; among them, a bottle of 1869 Lafite, its price estimated at $8,000. This website uses cookies so that we can provide you with the best user experience possible. . If you continue to use this site we will assume that you are happy with it. She is the youngest woman leading a Premier Grand Cru Bordeaux estate. In Bordeaux, 2016 was a strange year. In China the name Lafite has the most extraordinary and unexpected resonance. In 1868 the Chteau was purchased by Baron James Mayer Rothschild for 4.4 million francs, and the estate became Chteau Lafite Rothschild. 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. Rather more closed on the nose. The mystique extends beyond the wine in Beijing, there is a La Fite. When the hammer came down on the extraordinary sale of a bottle of 1869 Chteau Lafite, history was made. A case of 1982 Chateau Lafite helped Christies International raise $819,715 in its first exclusively online wine auction yesterday. Soon after, it was available in the United States at $300 (now $600). The winning bid was by far the highest price ever paid for a single bottle of wine. 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. drinkable). 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. Will there be any dramatic changes at the heart of the wine world? When we discussed the 08, I said, Why dont we do that? Salin recalls. 6 bottles per lot. Its vines are Cabernet Sauvignon, Cabernet Franc and Marselan. There is a deep seam of black plum and liquorice with some nuances of minerals and earth, but this is deep, dense and savoury.