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As a result, the appeal of this Pauillac wine has always been based on Lafite. takes place, to which wine merchants and journalists are invited to taste the wine while its still in the barrel. Long-term drinking is supported by both the short and long-term use of mixed formats. 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. Critic tasting note: "(2002) Similar colour, but has retained more depth at core. The soil is deep gravel on perfectly drained, gently undulating slopes. [2] In 1797 the vineyards were sold to a group of Dutch merchants.[5]. Trinken/lagern +40 Jahre. Wine has a proven track record of returns and resilience in an unstable market. Chteau Lafite-Rothschild 2000. 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. Talk about opening with a bang! Is Chateau Lafite an expensive wine? In France, Lafite became known as the King's wine, after being introduced to the Court at Versailles by Marchal Richelieu. And it was our thank you to China for helping us through the years.. Investing in wine could be your smartest investment yet. Could there be a changing of the guard among Bordeaux's top producers? Great length and probably a few years off its peak. Chteau Only twelve copies of this doll were made by Mattel. 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 growing season was idyllic with both budburst and flowering occurring under perfect conditions. A variety of chteaux can be used for power, but Lafite is the ideal wine for elegance and grace. Chateau Lafite Rothschild 1982 Cheval Blanc 1982 Petrus 1982. [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. 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. ! The 1982, considered one of the best vintages of last century . The past few years have seen big price hikes for fine wine, but market patience might be wearing thin. 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. 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. The winning bid was by far the highest price ever paid for a single bottle of wine. Wine investment insights delivered straight into your inbox weekly. Chateau Lafite-Rothschild, 1787 109,300. The Clockwork Building, 45 Beavor Lane, London W6 9AR, Reg Company No. The 1982 vintage was a turning point, after which the quality of Lafite began to become solid. The purity of fruit here really pushes through to the finish. And Salin had another plan in motion. He claims that the 10s brought a new energy to structure. 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. These wines, on the other hand, have a vibrant acidity and a firm tannic structure, allowing them to age gracefully. 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. 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. When Salin joined Lafite as its new director in 1985, he intended to use Lafites reputation to full advantage. Within the five rarefied first growths, Lafite is perhaps the wine with the best reputation for quality and longevity, commanding correspondingly high prices. Lafite was one of five wine-producing chateaus of Bordeaux originally awarded First Growth status in the 1855 Classification. . 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. Irrespective of whether in bottles or magnums or larger, Lafite should be an important part of your fine wine collection. With his camera, James Molesworth looks at the region known as the Left Bank of France for its prime Cabernet Sauvignon grapes. Pauillac has a fantastic terroir near the Gironde estuary, so a Lafite from this region is ideal. First, the wine is produced in very limited quantities. The Lafite Rothschild vineyards in the Bordeaux region of France produce a wide range of red, white, and ros wines. The wine producers were classified according to a chteaus reputation and trading price, which, at that time, was directly related to quality. Chateau Lafite-Rothschild, 1787 . 06350591 | VAT No. 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. Mobile: +254 798 368 561. An original wood case of Chateau Lafite Rothschild 1982 was the top selling item at Zachys' New York Spring auction this week selling for $41,650. 2023 Union Press Ltd | Wigglesworth House, Fourth Floor, 69 Southwark Bridge Road, London, SE1 9HH, UK Tel: +44 (0)20 7803 2420 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. Little did he know that the "82 Bordeaux would be released to the public as being slow to ripen and full of potential. This term has been used in the past with disastrous results. Is it familiar? French wine production from the 2017 harvest will fall to historic lows due to damage from spring frosts, officials have estimated. First growth, or premier cru class, is the top tier of the Bordeaux classification, a list drawn up under the instruction of Napoleon III in 1855. We've finally reached the summit of our search for the world's most popular wines. Lafite lies at the northern end of Pauillac. This particular bottle had the initial Th.J etched into it the markings of enthusiastic oenophile Thomas Jefferson. Chateau Lafite Rothschild is known for its best drinking and should reach its peak maturity between the ages of 15 and 60. - 94/100, Tom Cannavan, Standard delivery next day Bordeaux are known for their age-ability. Posted in: The bottles had been shipped directly from Lafites own cellars; among them, a bottle of 1869 Lafite, its price estimated at $8,000. The grape varieties are Cabernet Sauvignon (70 per cent), Merlot (25 per cent), Cabernet Franc (3 per cent) and Petit Verdot (2 per cent). 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. The acidity then rushes in at the very end, causing the wine to become longer. He enjoys participating in the final blending, though is willing to be overruled by his team of professionals. Copyright 2023 Cult Wines Ltd. All Rights Reserved. Offered in The Treasury: Finest Wines from a Peerless Collection on 29 September 2022 at Christies in London. Photo courtesy of DBR Lafite. 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. The 2011 in particular has immense aging potential. 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. 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. It is undoubtedly one of the very best wines to come out of Bordeaux. 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. This website uses cookies so that we can provide you with the best user experience possible. Second, the grapes used to make Lafite wine are of the highest quality. In China, they wanted to drink Lafite with Sprite. Salin remembers. Why is lafite so expensive? So, now you know why the '82 Lafite is so expensive, right? More shipping infoShipping info, Guaranteed provenance If you disable this cookie, we will not be able to save your preferences. No. 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. Not only was the wine famous, it was also a First Growth chateaux. When we discussed the 08, I said, Why dont we do that? Salin recalls. Wine Investment, Tagged: 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. The wines have a vibrant acidity and a firm tannic structure which enables the wines to age gracefully over many decades in the successful vintages. 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. It's not just an asset, it's an experience. The best aged red wines tend to be Port, cabernet sauvignon, merlot, sangiovese, monastrell, cabernet franc, nebbiolo, malbec, and syrah. 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 wine producers were classified according to a chteau's reputation and trading price, which, at that time, was directly related to quality. Slightly high-toned, highly nuanced nose of currant, roasted meat, cedar, marzipan, smoke . Past performance is not indicative of future results. 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. ). 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. The 1982 vintage was a turning point, after which the quality of Lafite began to become solid. Firstly, there is the 1982 vintage. Discover how your secure fine wine investment is stored. Baron Philippe is the first and only person to accomplish this. articles a month for anyone to read, even non-subscribers! (Some up north on the left bank are even mentioning 2015). Offered in The Treasury: Finest Wines from a Peerless Collection on 29 September 2022 at Christies in London. There is a deep seam of black plum and liquorice with some nuances of minerals and earth, but this is deep, dense and savoury. Some of the world's most famous wines. After peaking in 2011, however, the price of some vintages halved in two years. Analysis of the reasons for this may be as follows. Find out more about the people who make it work. Many people do not know why Lafite '82 is expensive, now I will tell you. The designations remain in force today, putting Lafite at the pinnacle of Bordeaux. - London - United Kingdom, Jacob K Javits Convention Center The history of Chteau Lafite Rothschild is rich and fascinating. Because of this madness, it is said that the price of an empty bottle of Lafite in 1982 was as high as 4,000 yuan, and the price of the most expensive Lafite in 1982 was about 500,000 yuan per bottle. 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. And Salin had another plan in motion. 2 magnums per lot. The harvest began early, on 16 September. Lafite only produces a few thousand cases of wine each year, which drives . The grapes would have been picked by hand, selected in the vineyard, and brought to the winery for destemming and fermentation in large wooden vats (stainless steel tanks were only installed in 1988). When the hammer came down on the extraordinary sale of a bottle of 1869 Chteau Lafite, history was made. Rather more closed on the nose. Lafite, derived from the historic language term fite, which means mound or hillock, is said to have been first used in 1234. Christoph Salin. Chteau Lafite-Rothschild 2005. From Barolo to Bordeaux, these wines are steeped in tradition. Amongst these Pauillac wines, Lafite has always held a particular allure. Why has it managed to have such a high popularity in the country? The night had turned into a bidding frenzy, with price after price shattered. - New York - USA, Messe Dusseldorf Cask tastings revealed a vintage of almost Port-like richness and weight. In 2011, he moved forward with planting grapes in Chinas Shandong Province and soon after built a new winery named. The 1982 vintage for Bordeaux was and still is considered one of the great vintages. Lafite "is such a generic brand in China that it has widespread appeal as a name and as a status symbol," Mr. Boyce said. It was exceedingly wet the first half of the year and bone dry for much of the second half. It became the most expensive wine ever sold when the hammer went down at the final price of $233,972. Should go on for decades." Join one of our online webinars to hear from experts on the market. Not only that, but while Hong Kong had its share of wealthy collectors, wine drinking was not yet widespread in mainland China. Salin had also created a special label for the 2008 vintage. 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. Lafite only produces a few thousand cases of wine each year, which drives up the price. Today the vineyard is 107 hectares, but back then it was about 90ha still larger than any other first growth. It looks like a hill, and Lafite is located on the slope of a hill. And it would be a public humiliation for one of the wine worlds premier chteaux. 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. For this chart, Im including just 750 ml bottles (the standard) of red wine produced since 1950. Four good reasons to indulge in cryptocurrency! 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 bottles had been shipped directly from Lafites own cellars; among them, a bottle of 1869 Lafite, its price estimated at $8,000. 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. Christies International Head of Wine Tim Triptree MW explains why its so highly sought after. [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. Four different kinds of cryptocurrencies you should know. Rather more closed on the nose. The mood inside the Mandarin Oriental, one of Hong Kongs most luxurious hotels, was anxious. Soon after, it was available in the United States at $300 (now $600). What we do is different. Since then, it has been a consistent producer of one of the world's most expensive red wines. But what happened that night wasnt just a coup for Lafite. More shipping infoShipping info, Please allow 20 days for delivery in US. 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! 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. 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. Check with the merchant for stock availability. The chteaux take these reactions into account when they come up with the wines release price. An auction of some of the region's best wines will raise funds to help Ukrainian victims of Russian aggression. Our story, setting a new standard for fine wine investment. PO Box 607Pismo Beach, CA 93448Phone: 805.541.5868Fax: 805.434.9380. 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. It . Although it eventually cooled after reaching about 80 million cases of wine in 2017, China had in a few short years asserted itself as a wine-buying nation equal to anywhere in Europe or the Americas. [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. [5] Towards the end of the 18th century, Lafite's reputation was assured and even Thomas Jefferson visited the estate and became a lifelong customer. . The chteaux take these reactions into account when they come up with the wines release price. Chteau Mouton Rothschild was promoted to the Premier Grand Cru Class after a long campaign for promotion in 1973. 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. The move helped establish Lafite as a leader in the market. Direct from the producer, in-stock and available for sale at the price shown. 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. Well, youd hardly keep it under the stairs, would you? Returns are calculated in GBP and results may vary depending on exchange rates. A year after he took over the management in 1974, he hired Professor Emile Peynaud as consultant. 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! in 2017, China had in a few short years asserted itself as a wine-buying nation equal to anywhere in Europe or the Americas. Every year, a different artist is commissioned by the winery. 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. The Krug 1928 set a new record in 2009 at Acker Merrall & Condits first ever Hong Kong sale. 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. Although your wine cellar might be valuable, sharing bottles with friends is priceless. Or youre an unabashed cork dork hunting for that Slovenian stunner you sipped on vacation. There was also plenty of the 2008 vintage on offer, but its fate was less certain. [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. Estimate: 11,00014,000. [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. Lafite wine is among the most expensive wines in the world. Estimate: 3,0004,000. 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. But Salin had something up his sleeve that he hoped would give the auction a boost. I was so happy that day! In fact, at the beginning, 82 Lafite was a line of a movie, and then gradually evolved into an expression bag. Musk Made a Mess at Twitter. 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. For completeness we may include critic scores in our aggregation that we do not display. Good luck getting hold of a bottle, though, the vintage is available in maddeningly small quantities. 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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). More shipping info. It is considered by some to be the best wine to come out of Bordeaux. Chateau Margaux, 2009 - 122,380. It is considered by some to be the best wine to come out of Bordeaux. A bottle of Lafite Rothschild costs around $500. Salin had not only helped open up the Chinese market for fine wines, he was now helping to open Western markets to prestige wines made in China. So, what makes Lafite wine so expensive? 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. Products range from still equipment, brew equipment craft home microbrewery beer brewery brewing beer equipment fermenter beer pilot brewing system, Micro Brewery equipment Two Vessels Brewhouse, 50L/100L Mini Alcohol Distiller Column Distillation Machine, Isobaric craft beer conical fermentation tank, jacket craft beer conical fermenter equipment, Variable Red Fruit Wine Fermentation Tank capacity Stainless Steel wine tank, Stainless steel wine fermenter and storage tank for winery and beverage factory, Distillery machine brewing vodka gin Rum Whisky Brandy liquor, 1000l copper still brandy distilling equipment. Cabernet Sauvignon, Merlot, Cabernet Franc & Petit Verdot. Wine drinkers should begin drinking wine about 11 a.m. to 1 p.m. to get the best flavor. The cellarmaster in 1982 was Robert Revelle, who succeeded his father Georges. 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. From an investment point of view, the price of a wine is also at its peak when it enters the world's top restaurants for people to enjoy. 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. You can find out more about which cookies we are using or switch them off in settings. In October 2019, the 2017 vintage of Long Dai its first went on sale in Europe. Take a wild guess. 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. She is the youngest woman leading a Premier Grand Cru Bordeaux estate. Flight 4 d'Yquem 1975. . Led by media professionals, The Drop is an entity in its own right, free of commercial interference of any kind. 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