why is 1982 lafite so expensive

Photo courtesy of DBR Lafite. 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. 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. Price. Not only was the wine famous, it was also a First Growth chateaux. Stores and prices for '1982 Chateau Lafite Rothschild, Pauillac' | tasting notes, market data, prices and stores in Singapore. The Lucky Country has had a rough few years, but change is in the air. We are using cookies to give you the best experience on our website. But what happened that night wasnt just a coup for Lafite. The chteaux take these reactions into account when they come up with the wines release price. Sold in 2011 at a Christies sale in New York, this Petrus vintage was expected to sell for between US$50,000 and $90,000, but the hammer went down on a considerably higher sum of $144,000 (100,800), setting a record for the most expensive Petrus ever sold at auction. This bottle was a Bordeaux, a 1787 Chateau Lafite, and, according to The Guinness Book of World Records, 18 years later it still is the world's most expensive bottle of wine.Its great age alone . Lafite in particular has maintained a youthful character, developing harmony as it ages. At the beginning of the 18th century Lafites wine was sold in London, where it was reported to be a favourite of the Prime Minister, Robert Walpole, who was reputed to have purchased barrels of 1732 and 1733. French wine production from the 2017 harvest will fall to historic lows due to damage from spring frosts, officials have estimated. The Chardonnay at Chteau Lafite Rothschild is always more Merlot than the grand vin. Brand Rothschild, however, died just three months after purchasing Lafite. Then it indirectly helped to advertise Lafite '82. Winemaking practices have changed little at Lafite. Estimated to reach $8,000, it sold for $233,972, making it the most expensive 750ml bottle of wine on the planet. Why is Petrus so expensive apart from the common logic of supply and demand? So, now you know why the '82 Lafite is so expensive, right? More importantly, it was one of only four Bordeaux wineries given the top First Growth rating when the regions wine merchants drew up a quality classification in 1855. 2 magnums per lot. Every year, a different artist is commissioned by the winery. Christoph Salin. View our latest reports to see how the fine wine market is doing. Hassle-free and easy, our plans and fees are simple and transparent. 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. Flight 4 d'Yquem 1975. . 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. These wines, on the other hand, have a vibrant acidity and a firm tannic structure, allowing them to age gracefully. In 2001 he wrote: So much on show, so much left to show., Clive Coates MW writing a year later, thought the wine fresh, classy and intense, adding: It will get even better as it gets more decadent.. Estimate: 3,0004,000. Bordeaux and French wines in general had made a practice of catering to large wallets and fine palates around the world, always with an eye on the next market. There was also plenty of the 2008 vintage on offer, but its fate was less certain. Chteau Lafite-Rothschild 2005. When Salin joined Lafite as its new director in 1985, he intended to use Lafites reputation to full advantage. - Dusseldorf - Germany. [2] In the 17th century, the property of Chteau Lafite was purchased by the Sgur family, including the 16th century manor house that still stands. 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. Great length and probably a few years off its peak. Discover our range of fine wines from around the world. [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. ). Over time, the tannins loose a lot of the fight in them as the remain in an anaerobic environment, and mellow. Chateau Lafite Rothschild 1982 Cheval Blanc 1982 Petrus 1982. Once again, the 1982 Lafite is at its peak (i.e. Were the worlds first wine discovery platform with a simple matchmaking mission: to pair people with bottles that bring them joy. "There was a big round of applause, some cheers, and a little bit of shock and amazement," recalled Robert . Because saliva builds up in the mouth all day, it can alter the taste of wine. Although it eventually cooled after reaching. [17] In 2019, the estate debuted its first vintage from its Domaine de Long Dai winery in Shandong. 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. Bu 1 en 2022 avec J.S.Philippe, un monstre en devenir (99+) ! When we discussed the 08, I said, Why dont we do that? Salin recalls. More shipping info. Will His AI Plans Be Any Different? In France, Lafite became known as the King's wine, after being introduced to the Court at Versailles by Marchal Richelieu. A bottle of Lafite can cost upwards of $500, making it one of the most expensive wines on the market. A bottle of Lafite Rothschild costs around $500. 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. Cask tastings revealed a vintage of almost Port-like richness and weight. 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. 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. On this, the first day of the auction, Ritchie had 2,000 bottles of. Returns are calculated in GBP and results may vary depending on exchange rates. Why is the 82 Lafite so expensive? Lafite, derived from the historic language term fite, which means mound or hillock, is said to have been first used in 1234. Bottled and stored with producer, excludes shipping and tariffs. to put under the hammer. Lafite only produces a few thousand cases of wine each year, which drives up the price. 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. 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. It is considered by some to be the best wine to come out of Bordeaux. Discover what else your investment offers. 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. The estate, which is owned and operated by the family, produces a wide range of wines, including red, white, and ros. Musk Made a Mess at Twitter. There is a deep seam of black plum and liquorice with some nuances of minerals and earth, but this is deep, dense and savoury. The harvest began early, on 16 September. 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. Take a wild guess. After peaking in 2011, however, the price of some vintages halved in two years. Chateau Margaux creeps into the top 10 again with its limited edition 12-litre 2009 vintage. 1982 Chateau Lafite Rothschild Pauillac, France Avg Price (ex-tax) $ 4,076 / 750ml Red - Savory and Classic 4.5 from 43 User Ratings 95 / 100 from 13 Critic Reviews All 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 Prices Profile Reviews Vintages Analytics 194 Prices Compact view Acker Merrall & Condit Auction USA: (NY) New York To recap what we all know to have been a great season, 1982 saw a dry and mild spring, allowing an excellent flowering followed by a dry and hot summer with regular small showers and fresher nights in August. Chateau Lafite Rothschild, 1869 163,000. 1982 Chateau Lafite Rothschild Pauillac, France, Chateau Lafite Rothschild Pauillac, France. The 1982 vintage for Bordeaux was and still is considered one of the great vintages. 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 best aged red wines tend to be Port, cabernet sauvignon, merlot, sangiovese, monastrell, cabernet franc, nebbiolo, malbec, and syrah. Chateau Lafite Rothschild is known for its best drinking and should reach its peak maturity between the ages of 15 and 60. 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. 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. This vintage could well go down in history as the most expensive bottle of wine never sold. Regardless of whether the Lafite is in a bottle or a magnum, it should be included in your fine wine collection. 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. Soon after, it was available in the United States at $300 (now $600). There are a few factors that contribute to the high cost of Lafite wine. If you continue to use this site we will assume that you are happy with it. In addition to being one of the first growth wines from Bordeaux, it is one of the most expensive. 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. in 2017, China had in a few short years asserted itself as a wine-buying nation equal to anywhere in Europe or the Americas. There have been many notable events at the estate over the last century. The past few years have seen big price hikes for fine wine, but market patience might be wearing thin. PO Box 607Pismo Beach, CA 93448Phone: 805.541.5868Fax: 805.434.9380. It was exceedingly wet the first half of the year and bone dry for much of the second half. The soil is deep gravel on perfectly drained, gently undulating slopes. The winery produces both a white wine, Aile dArgent, and a red wine, Rouge dArgent, in addition to Aile dArgent. 2022 Distillery.Sale All rights reserved. In 1868 the Chteau was purchased by Baron James Mayer Rothschild for 4.4 million francs, and the estate became Chteau Lafite Rothschild. Ritchie took his place and the bidding began. (2002) Similar colour, but has retained more depth at core. Lafite wine is among the most expensive wines in the world. Chteau Lafite Rothschild, located in Pauillac, France, is an estate of Bordeaux wine owned by members of the Rothschild family since the nineteenth century and classified as a First Growth under the 1855 Bordeaux Classification. Within the five rarefied first growths, Lafite is perhaps the wine with the best reputation for quality and longevity, commanding correspondingly high prices. The 1982 Lafite-Rothschild is a wine I have drunk several times, though maybe this is the first time in magnum. Christies International Head of Wine Tim Triptree MW explains why its so highly sought after. 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. 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. Estimate: 3,000-4,000. If youre looking for a special bottle of wine to splurge on, Lafite is a great option. If this first auction day failed, it forecast doom for the chteaux offering their wines on subsequent days. 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. [9][10][11][12][13][14] The authenticity of the bottle has been challenged. 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. 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. 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.. What year is the most expensive Lafite? Because his zodiac sign was Aries, Baron Philippe de Rothschild depicted two rams in his coat of arms. An auction of some of the region's best wines will raise funds to help Ukrainian victims of Russian aggression. She is the youngest woman leading a Premier Grand Cru Bordeaux estate. The fight between Chteau Mouton Rothschild and Bordeaux was one of the most significant in modern history. Let us guide you through the process behind investing in fine wine. The wines were ranked in importance from first to fifth growths (crus), with four first growths listed initially (Mouton Rothschild was added in 1973). 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. Merlot has become more prominent in recent vintages, as has a more traditional approach by Salin and Chevalier. 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. He enjoys participating in the final blending, though is willing to be overruled by his team of professionals. Lafite lies at the northern end of Pauillac. $ 3,548.92. Could there be a changing of the guard among Bordeaux's top producers? 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. Rather more closed on the nose. A case of 1982 Chateau Lafite helped Christies International raise $819,715 in its first exclusively online wine auction yesterday. Simply put it, it's just so good! They should be fine 2017 is potentially a very good vintage. A 200-year-old bottle of 1811 Chateau dYquem was sold by The Antique Wine Company in London, to a private collector who now displays the wine in his restaurant in Bali in a bullet-proof, temperature-controlled showcase. [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. [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. Hotlines/WhatsApp. It looks like you're in Asia, would you like to be redirected to the We use cookies to ensure that we give you the best experience on our website. Each spring after harvest, an event called. 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. Of course, the influence of cinema is also huge, with a Hong Kong-made film contributing to this legendary story set in China. Learn More >, The Drop is an online magazine that connects people to wines theyll love. 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. 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. 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. 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. 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. 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. The significant role played by bitcoin for businesses! Long-term drinking is supported by both the short and long-term use of mixed formats. Retail Wines 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. Since then, it has been a consistent producer of one of the world's most expensive red wines. Chteau Lafite Rothschild is a French wine estate of Bordeaux wine, located in Pauillac in France, owned by members of the Rothschild family since the 19th century, and rated as a First Growth under the 1855 Bordeaux Classification. Flat Rate $9.99 Ground Shipping in CA Ship to the whole of the USA. A good Bordeaux from a good year can age for decades because the tannins in the wine act as a natural preservative. In 1994, Bordeaux was experiencing a sluggish sales period, so chteaux were raiding cellar reserves and selling previous vintages cheaply. takes place, to which wine merchants and journalists are invited to taste the wine while its still in the barrel. Subscribe to our magazine to stay in the know. 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). But Salin had something up his sleeve that he hoped would give the auction a boost. Chteau Lafite in Bordeaux. A look at the Bordeaux vintage that retailers are backing as the best in years. 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. Third, Lafite ages its wine for a longer period of time than most other producers. The Japanese specialty has burst free of its traditional market and is getting consumers very thirsty indeed. It is considered by some to be the best wine to come out of Bordeaux. We reach the climax of our series on the world's most searched-for wines, but there's a surprising omission. - New York - USA, Messe Dusseldorf 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. 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. A bottle of 1869 Lafite had an estimated price of $8,000. The 2008 was a good, but not great, vintage and the scores it had achieved from the all-important wine critics reflected that.

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