why is 1982 lafite so expensive

Christian Seely, Bordeauxs director of estates, oversees a portfolio that includes the estates of Pichon-Longueville-Baron, Pibran, Petit-Village, and Suduiraut. The price of other Bordeaux wines, Since then, the overall Chinese wine market has become globally significant. Firstly, there is the 1982 vintage. There are a few factors that contribute to the high cost of Lafite wine. Krftiges Rubingranat, gute Farbtiefe, orangefarbene Reflexe, breiterer Wasserrand. 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. Hassle-free and easy, our plans and fees are simple and transparent. This was an headline vintage of outstanding quality throughout Bordeaux, with ripeness levels not seen for many years. Pauillac is a well-regarded a commune and appellation on Bordeaux's Mdoc peninsula. The vines are planted in well-drained soil made up of fine, deep gravel, mixed with aeolian sand on a subsoil of tertiary limestone. takes place, to which wine merchants and journalists are invited to taste the wine while its still in the barrel. First, the wine is produced in very limited quantities. 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. . "There was a big round of applause, some cheers, and a little bit of shock and amazement," recalled Robert . The 1982, considered one of the best vintages of last century . With a surprisingly clever search engine alongside bottle reviews and articles from trusted voices in wine, youre just a click and a clink away from your new favorite bottle. 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. The Premier Cru ponzi scheme has left thousands out of pocket, but there may be a glimmer of hope. On this, the first day of the auction, Ritchie had 2,000 bottles of Chteau Lafite Rothschild to put under the hammer. Join one of our online webinars to hear from experts on the market. At the time the sale set a record for the most expensive bottle of wine ever sold at auction, clocking up a whopping $29,000 per glass! More shipping infoShipping info, Guaranteed provenance This means that every time you visit this website you will need to enable or disable cookies again. The 2008 was a good, but not great, vintage and the scores it had achieved from the all-important wine critics reflected that. The mood inside the Mandarin Oriental, one of Hong Kongs most luxurious hotels, was anxious. More shipping infoShipping info, Please allow 20 days for delivery in US. In China the name Lafite has the most extraordinary and unexpected resonance. Second, the grapes used to make Lafite wine are of the highest quality. Years of use usually result in bottles costing several hundred dollars, and prices rise as they become scarcer. Nov 22, 2010. Why has it managed to have such a high popularity in the country? The Clockwork Building, 45 Beavor Lane, London W6 9AR, Reg Company No. Chateau Lafite-Rothschild, 1787 109,300. 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. Bordeaux are known for their age-ability. You can find out more about which cookies we are using or switch them off in settings. [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. Even the best Bordeaux only lasts around 50 years, so why the incredible price tag for this one in 1985? Michael Broadbent rated it highly from the outset, and his subsequent notes remarked on its fragrance and slow evolution. But Salin had something up his sleeve that he hoped would give the auction a boost. 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. The significant role played by bitcoin for businesses! Our wine director takes a more detailed look at his picks from the most recent Bordeaux vintage, appellation by appellation. There was also plenty of the 2008 vintage on offer, but its fate was less certain. 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. The Lucky Country has had a rough few years, but change is in the air. This vintage could well go down in history as the most expensive bottle of wine never sold. 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. In-stock and available for sale at the price shown. In 1868 the Chteau was purchased by Baron James Mayer Rothschild for 4.4 million francs, and the estate became Chteau Lafite Rothschild. Christies International Head of Wine Tim Triptree MW explains why its so highly sought after. 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. It is considered by some to be the best wine to come out of Bordeaux. What we do is different. When we discussed the 08, I said, Why dont we do that? Salin recalls. On this, the first day of the auction, Ritchie had 2,000 bottles of. 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. Because saliva builds up in the mouth all day, it can alter the taste of wine. The price of other Bordeaux wines rose as well. 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. 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. Grapes must be planted in well-drained soil, which is rich in fine, deep gravel and aeolian sand. The wines were ranked in importance from first to fifth growths (crus), with four first growths listed initially (Mouton Rothschild was added in 1973). Musk Made a Mess at Twitter. Chteau Only twelve copies of this doll were made by Mattel. The 1982 vintage was a turning point, after which the quality of Lafite began to become solid. 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. After peaking in 2011, however, the price of some vintages halved in two years. This lengthy aging process adds to the cost of the wine. Theres no winemaker at Lafite, but the technical director then was Jean Crt (ex-Loville-Las-Cases). 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). A look at the Bordeaux vintage that retailers are backing as the best in years. To give you the best search experience, we use cookies for remembering your search filters, personalizing content, and analyzing how the website is used. The past few years have seen big price hikes for fine wine, but market patience might be wearing thin. Asia House ). It simply oozes class. [4], In the early 18th century, Nicolas-Alexandre, marquis de Sgur refined the wine-making techniques of the estate, and introduced his wines to the upper echelons of European society. Not only that, but while Hong Kong had its share of wealthy collectors, wine drinking was not yet widespread in mainland China. The recent story about the world's most Googled beer doesn't appear to add up. Chateau Lafite tastes like a fine wine should taste. Lafite, derived from the historic language term fite, which means mound or hillock, is said to have been first used in 1234. This beverage is very sleek, full of black tea, currant, and crushed fig fruit, as well as subtle smoke, incense, and tar. 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. The coveted title of most expensive Champagne is constantly on the move, claimed by just two other vintages during the last decade. The chteaux take these reactions into account when they come up with the wines release price. 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 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. 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. [2] In 1797 the vineyards were sold to a group of Dutch merchants.[5]. Christoph Salin. 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). The night had turned into a bidding frenzy, with price after price shattered. 6 bottles per lot. 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? It was rated second class after being classified as Deuxime Grand Cru in 1855. 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. Baron Philippe is the first and only person to accomplish this. 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. Long-term drinking is supported by both the short and long-term use of mixed formats. Rothschild, however, died just three months after purchasing Lafite. If youre looking for a special bottle of wine to splurge on, Lafite is a great option. The next morning, the price of the 2008 Lafite jumped 20% on the key London markets. Talk about opening with a bang! 12 bottles per lot. Winemakers have discovered that vines which yield a smaller amount of fruit make better wines because there is a greater concentration of flavor in the grapes. The mystique extends beyond the wine in Beijing, there is a La Fite. This term has been used in the past with disastrous results. 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 . Its vines are Cabernet Sauvignon, Cabernet Franc and Marselan. 6 bottles per lot. For example, the 2014 vintage is currently selling for around $300 per bottle, while the 2018 vintage is selling for around $450 per bottle. Once again, the 1982 Lafite is at its peak (i.e. It has a fruity taste with a hint of oak. [3] Although vines almost certainly already existed on the site, around 1680, Jacques de Sgur planted the majority of the vineyard. [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 soil is deep gravel on perfectly drained, gently undulating slopes. The grape varieties are Cabernet Sauvignon (70 per cent), Merlot (25 per cent), Cabernet Franc (3 per cent) and Petit Verdot (2 per cent). Occasionally exceptions are made, such as the 1961 vintage which was 100% Cabernet Sauvignon. With Christmas around the corner, here's this year's best Bordeaux in case you need to stock up. Over time, the tannins loose a lot of the fight in them as the remain in an anaerobic environment, and mellow. We reach the climax of our series on the world's most searched-for wines, but there's a surprising omission. We've finally reached the summit of our search for the world's most popular wines. Rather more closed on the nose. Within the five rarefied first growths, Lafite is perhaps the wine with the best reputation for quality and longevity, commanding correspondingly high prices. The Lafite Rothschild vineyards in the Bordeaux region of France produce a wide range of red, white, and ros wines. 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. 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. Salin reached into Lafites caves and pulled out 1,000 cases to sell of the 1982 vintage, arguably the best of the century. 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. There was a lot at stake. 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. articles a month for anyone to read, even non-subscribers! If you disable this cookie, we will not be able to save your preferences. Great length and probably a few years off its peak. It might say Bordeaux in the name, but this isn't some celebration of French wine dominance. When it went for $233,972, it became the most expensive wine ever sold. Estimated to reach $8,000, it sold for $233,972, making it the most expensive 750ml bottle of wine on the planet. A case of 1982 Chateau Lafite helped Christies International raise $819,715 in its first exclusively online wine auction yesterday. 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. I was blessed to have drunk quite a number of Petrus vintages. In France, Lafite became known as the King's wine, after being introduced to the Court at Versailles by Marchal Richelieu. We use cookies to ensure that we give you the best experience on our website. The wine producers were classified according to a chteaus reputation and trading price, which, at that time, was directly related to quality. [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. Chateau Lafite-Rothschild, 1787 . drinkable). Slightly high-toned, highly nuanced nose of currant, roasted meat, cedar, marzipan, smoke . Wine Investment, Tagged: Duhart-Milon, a separate estate in the Lafite portfolio, is located just west of Lafite. 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. A bottle of Lafite Rothschild costs around $500. ! 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. In this week's episode, we hear how LaRussell first started gaining traction in his hometown of Vallejo, how he landed appearances on some of the premiere hip-hop radio shows, and why he's turned down offers from every major label in pursuit of building an independent empire. The wine has a long history dating back to the 18th century, and the name Lafite is synonymous with quality and luxury. 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. The wines are then released to wholesalers, who get it at a lower price than everybody else. Cabernet Sauvignon is the dominant variety, but in some vintages Cabernet Franc, Petit Verdot and Merlot play a part in the blend. There was also plenty of the 2008 vintage on offer, but its fate was less certain. Find out more about the people who make it work. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. It is undoubtedly one of the very best wines to come out of Bordeaux. Led by media professionals, The Drop is an entity in its own right, free of commercial interference of any kind. The 2008 was a good, but not great, vintage and the scores it had achieved from the all-important wine critics reflected that. The growing season follows a similar pattern to 2016, 2018 and 2019, in that we had a wet spring followed by a dry, hot summer, topped off by a warm, dry harvest. Offered in The Treasury: Finest Wines from a Peerless Collection on 29 September 2022 at Christies in London. We are using cookies to give you the best experience on our website. More shipping info. They should be fine 2017 is potentially a very good vintage. There are a few factors that contribute to the high cost of Lafite wine. Analysis of the reasons for this may be as follows. A good Bordeaux from a good year can age for decades because the tannins in the wine act as a natural preservative. The designations remain in force today, putting Lafite at the pinnacle of Bordeaux. Copyright 2023 Cult Wines Ltd. All Rights Reserved. Let us guide you through the process behind investing in fine wine. Wine has a proven track record of returns and resilience in an unstable market. Why is Petrus so expensive apart from the common logic of supply and demand? A variety of chteaux can be used for power, but Lafite is the ideal wine for elegance and grace. Rapper, entrepreneur and innovator LaRussell takes us on a journey from his childhood in the Bay Area making music, to his viral freestyles that lead to an appearance on The Breakfast Club, to his current mission of reimagining the music industry from his own garage. Chteau Lafite-Rothschild 2005. Little did he know that the "82 Bordeaux would be released to the public as being slow to ripen and full of potential. The winery produces both a white wine, Aile dArgent, and a red wine, Rouge dArgent, in addition to Aile dArgent. 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. Because of the magic of Bordeaux, it takes a while to develop the complex secondary and tertiary characteristics of cedar, leather, and tobacco. 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.. 03606414. I was so happy that day! 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. 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 . 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. The wine producers were classified according to a chteau's reputation and trading price, which, at that time, was directly related to quality. Mixed formats support both near- and long-term drinking. 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. Rather more closed on the nose. Manage Cookies Accept & Continue. Or youre an unabashed cork dork hunting for that Slovenian stunner you sipped on vacation. The debonair Baron Eric is serious about his wines. Looking at the wine retail shelves raises one question: where's the Bordeaux? It was predicted to earn about $666 a bottle, assuming there were buyers. - London - United Kingdom, Jacob K Javits Convention Center 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. Of course, the influence of cinema is also huge, with a Hong Kong-made film contributing to this legendary story set in China. Price. Ritchie took his place and the bidding began. Why is the 82 Lafite so expensive? The wines are then released to wholesalers, who get it at a lower price than everybody else. Registered in England and Wales No. 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. A bottle of Lafite can cost upwards of $500, making it one of the most expensive wines on the market. Direct from the producer, in-stock and available for sale at the price shown. . 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. 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)

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