It looks like a hill, and Lafite is located on the slope of a hill. The price of other Bordeaux wines, Since then, the overall Chinese wine market has become globally significant. Join one of our online webinars to hear from experts on the market. 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. 03606414. Lafite 1982 Leads $820,000 Christie's Online Wine Auction (Some up north on the left bank are even mentioning 2015). Serious collectors dont deal in small fry, but are their chequebooks up to the cash demands of the most expensive wines in the world? Phone: +254 727 612 142. The acidity then rushes in at the very end, causing the wine to become longer. The harvest began early, on 16 September. 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. Robert Parker said the wine reveals considerable tannin as well as amazing, atypical power and concentration for Lafite, and rated it 100. Half of those cases went to China. Amongst these Pauillac wines, Lafite has always held a particular allure. Rather more closed on the nose. 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. The recent story about the world's most Googled beer doesn't appear to add up. Chteau Lafite-Rothschild 1986. Or youre an unabashed cork dork hunting for that Slovenian stunner you sipped on vacation. 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. Lafite wine is among the most expensive wines in the world. The general rule with all red meat is the leaner the meat, the lighter the wine this also applies to different cuts of beef or steak, although side dishes and sauces also have to be No longer confined to the realms of science fiction, AI is increasingly permeating all aspects of life. 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. And it would be a public humiliation for one of the wine worlds premier chteaux. Since then, Parker's reputation has grown, his following has grown, and his influence has grown. The designations remain in force today, putting Lafite at the pinnacle of Bordeaux. articles a month for anyone to read, even non-subscribers! Cabernet Sauvignon is the dominant variety, but in some vintages Cabernet Franc, Petit Verdot and Merlot play a part in the blend. Inglenook Cabernet Sauvignon Napa Valley, 1941 17,250. Producer. However, it should be difficult for you to buy a real bottle of 82 Lafite nowadays, as it is relatively rare and some wine merchants and collectors do not offer it easily, so we can only look at it from afar but not play with it. Bottled and stored with producer, excludes shipping and tariffs. All of these factors combine to make Lafite wine one of the most expensive wines on the market. Why is the 82 Lafite so expensive? 1982 Lafite Rothschild, Pauillac - SKU 950058 - K&L Wines Chteau Lafite-Rothschild 2005. 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. Were the worlds first wine discovery platform with a simple matchmaking mission: to pair people with bottles that bring them joy. For power there are other chteaux, but for elegance and finesse, then Lafite should be your wine. Understanding Price: Behind The World's Most Expensive Wines 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! It might say Bordeaux in the name, but this isn't some celebration of French wine dominance. The fresh wine was then aged in new barriques, produced at Lafites own cooperage, for almost two years before bottling. The chteaux take these reactions into account when they come up with the wines release price. 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. Go to shop. No. Wine Legend: Chteau Lafite-Rothschild 1982 - Decanter The night had turned into a bidding frenzy, with price after price shattered. 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. 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). 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. Chteau Lafite Rothschild has a rich and fascinating history. Long-term drinking is supported by both the short and long-term use of mixed formats. [2] In 1797 the vineyards were sold to a group of Dutch merchants.[5]. Should go on for decades. In October 2019, the 2017 vintage of Long Dai its first went on sale in Europe. There have been many notable events at the estate over the last century. Four good reasons to indulge in cryptocurrency! The 1982 Lafite-Rothschild is a wine I have drunk several times, though maybe this is the first time in magnum. Although your wine cellar might be valuable, sharing bottles with friends is priceless. Fourth, Lafite is one of the most prestigious wine producers in the world. What we do is different. Limited availability. 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. Lafite "is such a generic brand in China that it has widespread appeal as a name and as a status symbol," Mr. Boyce said. 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. 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). In-stock and available for sale at the price shown. But Salin had something up his sleeve that he hoped would give the auction a boost. 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. I told them, Sprite tastes better without Lafite, and Lafite tastes better without Sprite. Nevertheless, the 1982 sold well among government dignitaries and oligarchs looking for the perfect gift, even if they never really intended to drink it. The problem was that the Chinese had never bought much at En Primeur, Salin recalled recently. 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. Within the five rarefied first growths, Lafite is perhaps the wine with the best reputation for quality and longevity, commanding correspondingly high prices. The vintages are well-known and highly regarded by wine experts. Why is Lafite so expensive? Chteau Lafite Rothschild is undoubtedly one of the worlds most prestigious and collectable wines. The past few years have seen big price hikes for fine wine, but market patience might be wearing thin. Case of 1982 Lafite tops auction at $42k - The Drinks Business 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. Critics have scored this wine 95 points. (2002) Similar colour, but has retained more depth at core. 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. This is not a bad thing, but it is slightly different. Cult Wines is proudly invested in offsetting carbon emissions through dedicated projects around the world, championing sustainability, supporting ethical practices and actively contributing to the future of the wine industry with impactful initiatives. Baron Eric de Rothschild, the current manager, was already running Lafite in 1982. It simply oozes class. - New York - USA, Messe Dusseldorf First, the wine is produced in very limited quantities. The wine producers were classified according to a chteau's reputation and trading price, which, at that time, was directly related to quality. It's not just an asset, it's an experience. 1982 Bottle (750ml) 1982 Chateau Lafite Rothschild, 750 ml. The estate then became the joint property of his three sons: Alphonse, Gustave and Edmond Rothschild. Critic tasting note: "(2002) Similar colour, but has retained more depth at core. In the years 1945 to 1961, the best time to drink Lafite Rothschild wines is from September to November. An auction of some of the region's best wines will raise funds to help Ukrainian victims of Russian aggression. The best Chateau Lafite Rothschild should be aged at least 15 years in a glass. Analysis of the reasons for this may be as follows. 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. The vines are planted in well-drained soil made up of fine, deep gravel, mixed with aeolian sand on a subsoil of tertiary limestone. Why is Petrus so expensive apart from the common logic of supply and demand? Well, youd hardly keep it under the stairs, would you? 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. The price of other Bordeaux wines rose as well. And the owners of Lafite's range of basic Bordeaux generic wines called Lgende sell . Within the five rarefied first growths, Lafite is perhaps the wine with the best reputation for quality and longevity, commanding correspondingly high prices. View our latest reports to see how the fine wine market is doing. The Chardonnay at Chteau Lafite Rothschild is always more Merlot than the grand vin. drinkable). The bottle of 1869 with an estimated price of $8,000? I have been fortunate to taste Lafite on many occasions. Not only was the wine famous, it was also a First Growth chateaux. It is considered by some to be the best wine to come out of Bordeaux. 06350591 | VAT No. . Chateau Margaux, 2009 - 122,380. 2022 Distillery.Sale All rights reserved. The 20th century has seen periods of success and difficulty, coping with post-phylloxera vines, and two world wars. French wine production from the 2017 harvest will fall to historic lows due to damage from spring frosts, officials have estimated. 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. Although it eventually cooled after reaching. This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, More Iranian Schoolgirls Sickened in Suspected Poisoning Wave, No Major Offer Expected on Childcare in UK Budget, Oil Investors Get $128 Billion Handout as Doubts Grow About Fossil Fuels, Climate Change Is Launching a MutantSeed Space Race, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial? When Salin joined Lafite as its new director in 1985, he intended to use Lafites reputation to full advantage. 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 core is plummy and rich, with notes of bramble and earth, but then a creamy layer of blackcurrant adds to a fleshy mid-palate. That is certainly the case with the 1982 Lafite. 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. Years of use usually result in bottles costing several hundred dollars, and prices rise as they become scarcer. For example, the 2014 vintage is currently selling for around $300 per bottle, while the 2018 vintage is selling for around $450 per bottle. Trinken/lagern +40 Jahre. Back in 2010 an Asian buyer made wine history when they purchased three bottles of Chateau Lafite-Rothschild for US$232,692 (163,000) per bottle. 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. Lafite, derived from the historic language term fite, which means mound or hillock, is said to have been first used in 1234. Chteau Mouton Rothschild was promoted to the Premier Grand Cru Class after a long campaign for promotion in 1973. 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. A bottle of 1869 Chteau Lafite Rothschild holds the world record for the most expensive bottle of wine sold at auction for $233,973 in 2010. This beverage is very sleek, full of black tea, currant, and crushed fig fruit, as well as subtle smoke, incense, and tar. 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. Because of the magic of Bordeaux, it takes a while to develop the complex secondary and tertiary characteristics of cedar, leather, and tobacco. At the beginning of ageing, the quality of 2017 red wines from vineyards spared by frost are proving to be satisfactory to very good. in 2017, China had in a few short years asserted itself as a wine-buying nation equal to anywhere in Europe or the Americas. Will His AI Plans Be Any Different? The bottles had been shipped directly from Lafites own cellars; among them, a bottle of 1869 Lafite, its price estimated at $8,000. 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. Many people do not know why Lafite '82 is expensive, now I will tell you. Flat Rate $9.99 Ground Shipping in CA Ship to the whole of the USA. When we discussed the 08, I said, Why dont we do that? Salin recalls. [3] Although vines almost certainly already existed on the site, around 1680, Jacques de Sgur planted the majority of the vineyard. We've finally reached the summit of our search for the world's most popular wines. Soon after, it was available in the United States at $300 (now $600). You can find out more about which cookies we are using or switch them off in settings. Covid has seen a lot of unspent wealth build up and wine is reaping the benefits. 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. It has a fruity taste with a hint of oak. To give you the best search experience, we use cookies for remembering your search filters, personalizing content, and analyzing how the website is used. Could there be a changing of the guard among Bordeaux's top producers? A good Bordeaux from a good year can age for decades because the tannins in the wine act as a natural preservative. And Salin had another plan in motion. Occasionally exceptions are made, such as the 1961 vintage which was 100% Cabernet Sauvignon. 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. Lafite was one of five wine-producing chateaus of Bordeaux originally awarded First Growth status in the 1855 Classification. 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. Chateau Lafite-Rothschild, 1787 . The chteaux take these reactions into account when they come up with the wines release price. In 1868 the Chteau was purchased by Baron James Mayer Rothschild for 4.4 million francs, and the estate became Chteau Lafite Rothschild. CA: Los Angeles. The purity of fruit here really pushes through to the finish. 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. It was an easy harvest that saw an early and large crop, and in the vat rooms they say, it smelt of hot fruit jam. Wine Investment, Tagged: The wine producers were classified according to a chteaus reputation and trading price, which, at that time, was directly related to quality. Manage Cookies Accept & Continue. 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