why is 1982 lafite so expensive

We've finally reached the summit of our search for the world's most popular wines. 2 magnums per lot. More shipping info. Why is the 82 Lafite so expensive? Sold in 2004, this is regarded as one of the most expensive American wines ever sold. Within the five rarefied first growths, Lafite is perhaps the wine with the best reputation for quality and longevity, commanding correspondingly high prices. 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. Within the five rarefied first growths, Lafite is perhaps the wine with the best reputation for quality and longevity, commanding correspondingly high prices. to put under the hammer. The Anglocentric language of wine is increasingly exclusive to the wider wine world. 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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 . There is a deep seam of black plum and liquorice with some nuances of minerals and earth, but this is deep, dense and savoury. Estimate: 3,000-4,000. 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? - 94/100, Tom Cannavan, Standard delivery next day Returns are calculated in GBP and results may vary depending on exchange rates. 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. 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. Although it eventually cooled after reaching. 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. 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). takes place, to which wine merchants and journalists are invited to taste the wine while its still in the barrel. 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 . Musk Made a Mess at Twitter. Firstly, there is the 1982 vintage. From Barolo to Bordeaux, these wines are steeped in tradition. Estimate: 11,00014,000. This website uses cookies so that we can provide you with the best user experience possible. It was exceedingly wet the first half of the year and bone dry for much of the second half. In-stock and available for sale at the price shown. Subscribe to our magazine to stay in the know. Chteau Lafite-Rothschild 2005. So, now you know why the '82 Lafite is so expensive, right? It was October 2010, and auctioneer Jamie Ritchie of Sothebys was in the room, preparing to open the bidding on top wines of Bordeaux. In 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.. Our company is the leading company of still equipment in China, with the strength of providing vodka, gin, run, whisky, brandy making machines. Aile dArgent, at less than $100 per bottle, is more affordable, while Le Petite Mouton costs around $100. First, the wine is produced in very limited quantities. The 2008 was a good, but not great, vintage and the scores it had achieved from the all-important wine critics reflected that. In 1994, Bordeaux was experiencing a sluggish sales period, so chteaux were raiding cellar reserves and selling previous vintages cheaply. A bottle of Lafite can cost upwards of $500, making it one of the most expensive wines on the market. The recent story about the world's most Googled beer doesn't appear to add up. Find out more about the people who make it work. Chteau Lafite in Bordeaux. Since then, it has been a consistent producer of one of the world's most expensive red wines. Talk about opening with a bang! Chateau Lafite Rothschild is known for its best drinking and should reach its peak maturity between the ages of 15 and 60. 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. 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. A single night in Hong Kong in 2010 proved a turning point in the history of wine. A bottle of Lafite can cost upwards of $500, making it one of the most expensive wines on the market. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. The designations remain in force today, putting Lafite at the pinnacle of Bordeaux. 2020 has ended up being a really good but variable year with wines of outstanding potential for many Bordeaux estates. 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 the hammer came down on the extraordinary sale of a bottle of 1869 Chteau Lafite, history was made. In some cases, it will be different depending on the vintage character. Winemaking practices have changed little at 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. So, what makes Lafite wine so expensive? Bottled and stored with producer, excludes shipping and tariffs. During the ageing period, the wine would have been regularly racked and then fined before bottling. 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. . answer the question why is 1982 lafite so expensive, which will help you get the most accurate answer. 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. Then it indirectly helped to advertise Lafite '82. The move helped establish Lafite as a leader in the market. The wines are then released to wholesalers, who get it at a lower price than everybody else. It is important to note that the final blend is almost always close to 90% Cabernet Sauvignon. World Class Wine. Long-term drinking is supported by both the short and long-term use of mixed formats. The best wines, which Lafite is unquestionably in that category also have a freshness and vibrancy to balance the matured bouquet. We have well known master distiller in Canada and the USA, also installation team in North America, and our own researching department and factory, which assure that we can provide high quality distillation equipment for our customers. Grapes must be planted in well-drained soil, which is rich in fine, deep gravel and aeolian sand. Years of use usually result in bottles costing several hundred dollars, and prices rise as they become scarcer. 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. Discover what else your investment offers. Some estates overcropped as the yield was generous, but dilution was rare. Copyright 2023 Cult Wines Ltd. All Rights Reserved. Unfinished and not yet bottled. Wine-Searcher's historical data and benchmark analysis provides trustworthy and valuable insights into likely market trends. Check with the merchant for stock availability. Vintages at Chteau Mouton Rothschild are known for their distinct labels. The winning bid was by far the highest price ever paid for a single bottle of wine. 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. 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. And it was our thank you to China for helping us through the years.. This was an headline vintage of outstanding quality throughout Bordeaux, with ripeness levels not seen for many years. Not only that, but while Hong Kong had its share of wealthy collectors, wine drinking was not yet widespread in mainland China. Past performance is not indicative of future results. 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. The significant role played by bitcoin for businesses! Led by media professionals, The Drop is an entity in its own right, free of commercial interference of any kind. 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. Estimate: 3,0004,000. 6 bottles per lot. They're wrong. They should be fine 2017 is potentially a very good vintage. Investing in wine could be your smartest investment yet. A good Bordeaux from a good year can age for decades because the tannins in the wine act as a natural preservative. 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. Salin reached into Lafites caves and pulled out 1,000 cases to sell of the 1982 vintage, arguably the best of the century. It looks like you're in Asia, would you like to be redirected to the Within the five rarefied first growths, Lafite is perhaps the wine with the best reputation for quality and longevity, commanding correspondingly high prices. The palate is wonderfully concentrated and sonorous; it seems to extend in a column of dense black fruit. The problem was that the Chinese had never bought much at En Primeur, Salin recalled recently. 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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. This vintage could well go down in history as the most expensive bottle of wine never sold. 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. It's not just an asset, it's an experience. Occasionally exceptions are made, such as the 1961 vintage which was 100% Cabernet Sauvignon. 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. Its vines are Cabernet Sauvignon, Cabernet Franc and Marselan. Great length and probably a few years off its peak. Such criticisms have largely proved unfounded, and the top 1982s are still going strong, establishing the vintage as the most celebrated of the last 50 years. 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. If you continue to use this site we will assume that you are happy with it. 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. 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. The 1982 Lafite-Rothschild is a wine I have drunk several times, though maybe this is the first time in magnum. 2010 saw a return to form. Chteau Lafite-Rothschild 1986. The grape varieties are Cabernet Sauvignon (70 per cent), Merlot (25 per cent), Cabernet Franc (3 per cent) and Petit Verdot (2 per cent). The tannins are well balanced and the finish is smooth. Lafite lies at the northern end of Pauillac. This week's news roundup covers all the major themes romance, money and crime. Lafite currently has 112 hectares under vine and is planted to 70% Cabernet Sauvignon, 25% Merlot 3% Cabernet Franc and 2% Petit Verdot. In 1989, the bottle collided with a tray at a wine dinner in New York, and win merchant William Sokolin scooped $225,000 (157,200) from the insurance (although he had originally sought out a massive half a million). Direct from the producer, in-stock and available for sale at the price shown. 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. 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. Well, youd hardly keep it under the stairs, would you? The next morning, the price of the 2008 Lafite jumped 20% on the key London markets. 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. Chateau Lafite Rothschild, 1869 163,000. When the 1855 classification was made, Lafite was listed first among the four first growths earning the reputation 'the first among the firsts'. The fresh wine was then aged in new barriques, produced at Lafites own cooperage, for almost two years before bottling. 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 . Learn More >, The Drop is an online magazine that connects people to wines theyll love. Privacy Policy, The Treasury: Finest Wines from a Peerless Collection. Since then, the overall Chinese wine market has become globally significant. 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. 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. 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. The most important thing for Chinese people is their face. Salin had also created a special label for the 2008 vintage. Today the vineyard is 107 hectares, but back then it was about 90ha still larger than any other first growth. More shipping infoShipping info. Chteau Lafite Rothschild is undoubtedly one of the worlds most prestigious and collectable wines. 12 bottles per lot. Many people do not know why Lafite '82 is expensive, now I will tell you. 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. A case of 1982 Chateau Lafite helped Christie's International raise $819,715 in its first exclusively online wine auction yesterday. 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. 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. Serious collectors dont deal in small fry, but are their chequebooks up to the cash demands of the most expensive wines in the world? He enjoys participating in the final blending, though is willing to be overruled by his team of professionals. This lengthy aging process adds to the cost of the wine. Second, the grapes used to make Lafite wine are of the highest quality. Cask tastings revealed a vintage of almost Port-like richness and weight. The wines were ranked in importance from first to fifth growths (crus), with four first growths listed initially (Mouton Rothschild was added in 1973). And the owners of Lafite's range of basic Bordeaux generic wines called Lgende sell . But what happened that night wasn't just a coup for Lafite. The vintages are well-known and highly regarded by wine experts. 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. Lafite only produces a few thousand cases of wine each year, which drives up the price. A bottle of Lafite Rothschild costs around $500. Even the best Bordeaux only lasts around 50 years, so why the incredible price tag for this one in 1985? 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. 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. [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. The wine producers were classified according to a chteaus reputation and trading price, which, at that time, was directly related to quality. Lafite "is such a generic brand in China that it has widespread appeal as a name and as a status symbol," Mr. Boyce said. When Salin joined Lafite as its new director in 1985, he intended to use Lafites reputation to full advantage. 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. Rather more closed on the nose. When we discussed the 08, I said, Why dont we do that? Salin recalls. Analysis of the reasons for this may be as follows. The first half of the 19th century saw Lafite in the hands of the Vanlerberghe family and the wine improved more, including the great vintages of 1795, 1798 and 1818. 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. In 2011, he moved forward with planting grapes in Chinas Shandong Province and soon after built a new winery named Long Dai. The Wine and Spirits Wholesalers of America have claimed teenagers are buying wine online. 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. Merlot has become more prominent in recent vintages, as has a more traditional approach by Salin and Chevalier. Discover how your secure fine wine investment is stored. Why is lafite so expensive? - London - United Kingdom, Jacob K Javits Convention Center XVAW00000101625, You must be 18 or over, or the legal age in your region to use the services of Cult Wines. The 1982 vintage for Bordeaux was and still is considered one of the great vintages. The coveted title of most expensive Champagne is constantly on the move, claimed by just two other vintages during the last decade. Some less well equipped estates had trouble controlling fermentations during the hot weather, but this was not an issue at Lafite. A variety of chteaux can be used for power, but Lafite is the ideal wine for elegance and grace. The Lucky Country has had a rough few years, but change is in the air. Pauillac has a fantastic terroir near the Gironde estuary, so a Lafite from this region is ideal. Were the worlds first wine discovery platform with a simple matchmaking mission: to pair people with bottles that bring them joy. According to the 1855 Classification of the Bordeaux Grands Crus Class prepared for the Universal Exhibition in Paris, Lafite was officially ranked first. Nov 22, 2010. The purity of fruit here really pushes through to the finish. Those 2,000 bottles covered 169 vintages taken from the personal family cellar of Baron ric de Rothschild. A year after he took over the management in 1974, he hired Professor Emile Peynaud as consultant. The bottles had been shipped directly from Lafites own cellars; among them, a bottle of 1869 Lafite, its price estimated at $8,000. 2022 Distillery.Sale All rights reserved. Chateau Margaux creeps into the top 10 again with its limited edition 12-litre 2009 vintage. Regardless of whether the Lafite is in a bottle or a magnum, it should be included in your fine wine collection. Let us guide you through the process behind investing in fine wine. Our wine director takes a more detailed look at his picks from the most recent Bordeaux vintage, appellation by appellation. Once again, the 1982 Lafite is at its peak (i.e. Within the five rarefied first growths, Lafite is perhaps the wine with the best reputation for quality and longevity, commanding correspondingly high prices. Because saliva builds up in the mouth all day, it can alter the taste of wine. drinkable). Chteau Mouton Rothschild was promoted to the Premier Grand Cru Class after a long campaign for promotion in 1973. And Salin had another plan in motion. The wines are then released to wholesalers, who get it at a lower price than everybody else. Soon after, it was available in the United States at $300 (now $600). [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. The price of other Bordeaux wines rose as well. The acidity then rushes in at the very end, causing the wine to become longer. Because his zodiac sign was Aries, Baron Philippe de Rothschild depicted two rams in his coat of arms. [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. Within the five rarefied first growths, Lafite is perhaps the wine with the best reputation for quality and longevity, commanding correspondingly high prices. The chteaux take these reactions into account when they come up with the wines release price. The 1982 Chteau Lafite-Rothschild, from magnum, is a bit rough around the edges, but still striking in its beauty. The unusually warm growing season resulted in grapes of perfect ripeness and enormous concentration and richness. The winery produces both a white wine, Aile dArgent, and a red wine, Rouge dArgent, in addition to Aile dArgent. The night had turned into a bidding frenzy, with price after price shattered. Photo courtesy of DBR Lafite. It is deeply impressive. Flight 4 d'Yquem 1975. . There was also plenty of the 2008 vintage on offer, but its fate was less certain. Is it familiar? Deep in colour, it has a classic Pauillac nose with intense black fruit mixed with pencil shavings and black truffles. Offered in The Treasury: Finest Wines from a Peerless Collection on 29 September 2022 at Christies in London. Am Gaumen komplex, dabei saftig und elegant, extraktse Frucht, prsente Tannine, etwas schwarzer Tee, leicht adstringent, hat den robusten Kern aller guten 82er, hat Tiefgang, dunkle Schokolade, aber auch Nuancen von roter Frucht im Abgang, sehr gute Lnge, ausgezeichnetes weiteres Reifepotenzial. In 2011, he moved forward with planting grapes in Chinas Shandong Province and soon after built a new winery named. Why is Lafite so expensive? Rothschild, however, died just three months after purchasing Lafite. It was predicted to earn about $666 a bottle, assuming there were buyers. 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.

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