[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. When we discussed the 08, I said, Why dont we do that? Salin recalls. Christies International Head of Wine Tim Triptree MW explains why its so highly sought after. Chateau Lafite Rothschild, 1869 163,000. And Salin had another plan in motion. Chteau Mouton Rothschild was promoted to the Premier Grand Cru Class after a long campaign for promotion in 1973. The vintages are well-known and highly regarded by wine experts. Stored in bonded warehouse with duty and sales tax suspended. There have been many notable events at the estate over the last century. Great length and probably a few years off its peak. There was also plenty of the 2008 vintage on offer, but its fate was less certain. The 1982 vintage was a turning point, after which the quality of Lafite began to become solid. During the Second World War the Chteau was occupied by the German army, and suffered heavily from plundering of its cellars. Wine drinkers should begin drinking wine about 11 a.m. to 1 p.m. to get the best flavor. 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. That initial purchase was the start to Lafite Rothschild becoming the most expensive, sought after brand in the Chinese and Asian markets. Our wine director takes a more detailed look at his picks from the most recent Bordeaux vintage, appellation by appellation. It is important to note that the final blend is almost always close to 90% Cabernet Sauvignon. 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 wines were ranked in importance from first to fifth growths (crus), with four first growths listed initially (Mouton Rothschild was added in 1973). Sold in 2004, this is regarded as one of the most expensive American wines ever sold. This particular bottle had the initial Th.J etched into it the markings of enthusiastic oenophile Thomas Jefferson. 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. The growing season was idyllic with both budburst and flowering occurring under perfect conditions. The Chardonnay at Chteau Lafite Rothschild is always more Merlot than the grand vin. For power there are other chteaux, but for elegance and finesse, then Lafite should be your wine. So, what makes Lafite wine so expensive? The past few years have seen big price hikes for fine wine, but market patience might be wearing thin. Deep in colour, it has a classic Pauillac nose with intense black fruit mixed with pencil shavings and black truffles. 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! We reach the climax of our series on the world's most searched-for wines, but there's a surprising omission. 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. 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. Producer. At the beginning of ageing, the quality of 2017 red wines from vineyards spared by frost are proving to be satisfactory to very good. 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. 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. Slightly high-toned, highly nuanced nose of currant, roasted meat, cedar, marzipan, smoke . 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. [2] In 1797 the vineyards were sold to a group of Dutch merchants.[5]. TOP 10 why is 1982 lafite so expensive BEST and NEWEST 1982 Chateau Lafite Rothschild - Wine-Searcher 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. This vintage could well go down in history as the most expensive bottle of wine never sold. takes place, to which wine merchants and journalists are invited to taste the wine while its still in the barrel. Or youre an unabashed cork dork hunting for that Slovenian stunner you sipped on vacation. Christoph Salin. 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 1982, considered one of the best vintages of last century, was the most expensive lot fetching $42,350, including a 21 percent commission known as buyers premium. No. But Salin had something up his sleeve that he hoped would give the auction a boost. 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. French wine production from the 2017 harvest will fall to historic lows due to damage from spring frosts, officials have estimated. (Some up north on the left bank are even mentioning 2015). What is the Difference Between Wine and Cocktails? Having already established a presence in Japan, Taiwan, and the more independent Asian mainland cities of Hong Kong and Shanghai, they saw China as the next big market, as soon as Communist rule permitted it. Good luck getting hold of a bottle, though, the vintage is available in maddeningly small quantities. 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. Of course, the influence of cinema is also huge, with a Hong Kong-made film contributing to this legendary story set in China. 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. 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. With his camera, James Molesworth looks at the region known as the Left Bank of France for its prime Cabernet Sauvignon grapes. Flat Rate $9.99 Ground Shipping in CA Ship to the whole of the USA. 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. But Salin had something up his sleeve that he hoped would give the auction a boost. Hassle-free and easy, our plans and fees are simple and transparent. 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. Pauillac is a well-regardeda commune and appellation on Bordeaux's Mdoc peninsula. Why is Lafite so expensive? Since then, Parker's reputation has grown, his following has grown, and his influence has grown. Within the five rarefied first growths, Lafite is perhaps the wine with the best reputation for quality and longevity, commanding correspondingly high prices. The legend of Lafite | JancisRobinson.com To give you the best search experience, we use cookies for remembering your search filters, personalizing content, and analyzing how the website is used. Although it is less than 1 million a bottle of Kande red wine, I can't bear to drink it when I buy it back. Chteau Lafite Rothschild - Wikipedia What Makes Lafite Wine So Expensive? - SloWine The price of other Bordeaux wines, Since then, the overall Chinese wine market has become globally significant. Annual production ranges between 15,000 to 20,000 cases, depending on the vintage. ! 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 auction of some of the region's best wines will raise funds to help Ukrainian victims of Russian aggression. 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. He claims that the 10s brought a new energy to structure. A variety of chteaux can be used for power, but Lafite is the ideal wine for elegance and grace. Critic tasting note: "(2002) Similar colour, but has retained more depth at core. A single night in Hong Kong in 2010 proved a turning point in the history of wine. When the hammer came down on the extraordinary sale of a bottle of 1869 Chteau Lafite, history was made. He enjoys participating in the final blending, though is willing to be overruled by his team of professionals. Why is chateau lafite rothschild so expensive? 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. Once again, the 1982 Lafite is at its peak (i.e. Chteau Only twelve copies of this doll were made by Mattel. The tannins are well balanced and the finish is smooth. Wine-Searcher's historical data and benchmark analysis provides trustworthy and valuable insights into likely market trends. 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. That is certainly the case with the 1982 Lafite. A good Bordeaux from a good year can age for decades because the tannins in the wine act as a natural preservative. 1982 Chateau Lafite Rothschild - Wine-Searcher It . The recent story about the world's most Googled beer doesn't appear to add up. She is the youngest woman leading a Premier Grand Cru Bordeaux estate. 82 years Lafite why so expensive - Distillery.sale They're wrong. Some estates overcropped as the yield was generous, but dilution was rare. Why is Lafite so expensive? - KnowledgeBurrow.com Because his zodiac sign was Aries, Baron Philippe de Rothschild depicted two rams in his coat of arms. Years of use usually result in bottles costing several hundred dollars, and prices rise as they become scarcer. 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. Chteau Lafite-Rothschild 2005. Chateau Margaux, 2009 - 122,380. View our latest reports to see how the fine wine market is doing. The designations remain in force today, putting Lafite at the pinnacle of Bordeaux. The 20th century has seen periods of success and difficulty, coping with post-phylloxera vines, and two world wars. The estate, which is owned and operated by the family, produces a wide range of wines, including red, white, and ros. The estate is now known as Rubicon, owned by Francis Ford Coppola, who allegedly keeps an empty bottle of this vintage on top of his fridge. 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. Price. The Krug 1928 set a new record in 2009 at Acker Merrall & Condits first ever Hong Kong sale. Wine Investment, Tagged: There are a few factors that contribute to the high cost of Lafite wine. The mood inside the Mandarin Oriental, one of Hong Kongs most luxurious hotels, was anxious. Lafite 1982 Leads $820,000 Christie's Online Wine Auction The perception that nothing much changes in Bordeaux has been shaken by the surprise decision of two top producers. The purity of fruit here really pushes through to the finish. The best wines, which Lafite is unquestionably in that category also have a freshness and vibrancy to balance the matured bouquet. First, the wine is produced in very limited quantities. Is it familiar? The night had turned into a bidding frenzy, with price after price shattered. 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. The style of wines proved a terrific shot in the arm for claret, especially on the US market. There was a lot at stake. It was predicted to earn about $666 a bottle, assuming there were buyers. 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. It was October 2010, and auctioneer Jamie Ritchie of Sothebys was in the room, preparing to open the bidding on top wines of Bordeaux. According to the 1855 Classification of the Bordeaux Grands Crus Class prepared for the Universal Exhibition in Paris, Lafite was officially ranked first. PO Box 607Pismo Beach, CA 93448Phone: 805.541.5868Fax: 805.434.9380. But what happened that night wasnt just a coup for Lafite. Direct from the producer, in-stock and available for sale at the price shown. 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 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! why is 1982 lafite so expensive - solcodepoint.com Our company is the leading company of still equipment in China, with the strength of providing vodka, gin, run, whisky, brandy making machines. Photo courtesy of DBR Lafite. Why collectors love Chteau Lafite Rothschild wine | Christie's 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. When it went for $233,972, it became the most expensive wine ever sold. Wine has a proven track record of returns and resilience in an unstable market. For this chart, Im including just 750 ml bottles (the standard) of red wine produced since 1950. [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. 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. Michael Broadbent rated it highly from the outset, and his subsequent notes remarked on its fragrance and slow evolution. Its vines are Cabernet Sauvignon, Cabernet Franc and Marselan. Wine Lists. 1982 Lafite-Rothschild, Pauillac (1.5L) - SKU 998155 - K&L Wines Today, Lafites 112-hectare vineyard consists of three main areas: the slopes around the Chteau, the adjacent Carruades plateau to the west and a 4.5 hectare plot in the neighbouring commune of Saint Estphe, which historically has been allowed into Lafite and thus the Pauillac appellation. The 1982 vintage was a turning point, after which the quality of Lafite began to become solid. {"api":{"host":"https:\/\/pinot.decanter.com","authorization":"Bearer OWFmMzIzM2EwYWNjNWE2ZTlmOTI3YjBhMDRmYzIzYzI0NGEyMTQ3YmFjYWY4Y2EzOWI3MDg5MTU4NmQyMDNiNA","version":"2.0"},"piano":{"sandbox":"false","aid":"6qv8OniKQO","rid":"RJXC8OC","offerId":"OFPHMJWYB8UK","offerTemplateId":"OFPHMJWYB8UK","wcTemplateId":"OTOW5EUWVZ4B"}}, {"location":"Keystone Header","subscribeText":"Subscribe Now","version":"2","menuWidgetTitle":"","myAccountLnk":"\/wine-reviews\/account","premiumLnk":"\/subscribe","menuLnks":{"2":{"text":"My Wines","href":"\/wine-reviews\/my-wines"}},"colors":{"text":"#ffffff","button":"#decc8f","link":"#ffffff"}}, Bordeaux agrees funding to pull up vineyards, Grapevines first domesticated 11,000 years ago, says study, Chile wildfires: damage to wine country as officials pledge help, September releases 2022: full score table, Subscribe to Decanter and get the latest wine legends every month. Although it eventually cooled after reaching. 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). The soil is deep gravel on perfectly drained, gently undulating slopes. why is 1982 lafite so expensive. World Class Wine. This website uses cookies so that we can provide you with the best user experience possible. This beverage is very sleek, full of black tea, currant, and crushed fig fruit, as well as subtle smoke, incense, and tar. Over time, the tannins loose a lot of the fight in them as the remain in an anaerobic environment, and mellow. The fight between Chteau Mouton Rothschild and Bordeaux was one of the most significant in modern history. Salin had also created a special label for the 2008 vintage. drinkable). 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). Bottled and stored with producer, excludes shipping and tariffs. And the owners of Lafite's range of basic Bordeaux generic wines called Lgende sell . Go to shop. It's not just an asset, it's an experience. The debonair Baron Eric is serious about his wines. 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. Because of the magic of Bordeaux, it takes a while to develop the complex secondary and tertiary characteristics of cedar, leather, and tobacco. When Salin joined Lafite as its new director in 1985, he intended to use Lafites reputation to full advantage. Understanding Price: Behind The World's Most Expensive Wines Chateau Lafite is considered an expensive wine, but its price point varies depending on the vintage. Returns are calculated in GBP and results may vary depending on exchange rates. to put under the hammer. Why is Petrus so expensive apart from the common logic of supply and demand? Not only was the wine famous, it was also a First Growth chateaux. Every year, a different artist is commissioned by the winery. There is no doubt that this is one of the best Bordeaux wines ever made. 1982 Lafite Rothschild Bordeaux Red - Sokolin LLC Occasionally exceptions are made, such as the 1961 vintage which was 100% Cabernet Sauvignon. Why is lafite so expensive? - Your Quick QnA The Lucky Country has had a rough few years, but change is in the air. For example, the 2014 vintage is currently selling for around $300 per bottle, while the 2018 vintage is selling for around $450 per bottle. It became the most expensive wine ever sold when the hammer went down at the final price of $233,972. 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. [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? 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. 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. Nov 22, 2010. How Chteau Lafite Changed the World of Wine - Pix 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 10 most expensive wines | Cult Wines - wineinvestment.com Take a wild guess. Baron Eric de Rothschild, the current manager, was already running Lafite in 1982. 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. In 1868 the Chteau was purchased by Baron James Mayer Rothschild for 4.4 million francs, and the estate became Chteau Lafite Rothschild. Vintages at Chteau Mouton Rothschild are known for their distinct labels. - Dusseldorf - Germany. Lafite was one of five wine-producing chateaus of Bordeaux originally awarded First Growth status in the 1855 Classification. Photo courtesy of DBR Lafite. Copyright 2023 Cult Wines Ltd. All Rights Reserved. The grapes are grown in the best vineyards in Bordeaux and are carefully selected to create the perfect blend. These nuances continue to evolve and change through the wines long life and the type of bottle format will also influence this evolution, as the general rule is that the larger the format the slower the evolution due to less oxygen compared to the volume of wine, which means those lucky enough to have magnums, double-magnums, jeroboams or imperials of Lafite can enjoy their wines over a longer drinking window period.