View our latest reports to see how the fine wine market is doing. Privacy Policy, The Treasury: Finest Wines from a Peerless Collection. When we discussed the 08, I said, Why dont we do that? Salin recalls. 1982 Chateau Lafite Rothschild Pauillac, France Avg Price (ex-tax) $ 4,076 / 750ml Red - Savory and Classic 4.5 from 43 User Ratings 95 / 100 from 13 Critic Reviews All 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 Prices Profile Reviews Vintages Analytics 194 Prices Compact view Acker Merrall & Condit Auction USA: (NY) New York [17] In 2019, the estate debuted its first vintage from its Domaine de Long Dai winery in Shandong. 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. Four different kinds of cryptocurrencies you should know. 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 Photo courtesy of DBR Lafite. Wine Lists. (2002) Similar colour, but has retained more depth at core. answer the question why is 1982 lafite so expensive, which will help you get the most accurate answer. Check with the merchant for stock availability. - London - United Kingdom, Jacob K Javits Convention Center 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. Just as the 1990 Cheval Blanc is outrageously expensive, driven by Middle Eastern oil tycoons (NB: the current price is 7,032, higher than the '82), so is the price of Romane-Conti in Burgundy, France, at the very top of the pyramid, not only because of the tiny production of around 3,600-6,000 bottles (NB: Lafite's production is around 200,000 bottles) but also, it is said, because in the 1980s speculation by the Japanese when their economy took off. 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. The acidity then rushes in at the very end, causing the wine to become longer. Krftiges Rubingranat, gute Farbtiefe, orangefarbene Reflexe, breiterer Wasserrand. 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. Simply put it, it's just so good! Lafite only produces a few thousand cases of wine each year, which drives . A bottle of 1869 Lafite had an estimated price of $8,000. Baron Philippe is the first and only person to accomplish this. 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. 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 . 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! The mystique extends beyond the wine in Beijing, there is a La Fite. Producer. Why is the 82 Lafite so expensive? Bordeaux and French wines in general had made a practice of catering to large wallets and fine palates around the world, always with an eye on the next market. Why has it managed to have such a high popularity in the country? In 1868 the Chteau was purchased by Baron James Mayer Rothschild for 4.4 million francs, and the estate became Chteau Lafite Rothschild. For completeness we may include critic scores in our aggregation that we do not display. The move helped establish Lafite as a leader in the market. An auction of some of the region's best wines will raise funds to help Ukrainian victims of Russian aggression. The wines were ranked in importance from first to fifth growths (crus), with four first growths listed initially (Mouton Rothschild was added in 1973). Offered in The Treasury: Finest Wines from a Peerless Collection on 29 September 2022 at Christies in London. The night had turned into a bidding frenzy, with price after price shattered. A case of 1982 Chateau Lafite helped Christies International raise $819,715 in its first exclusively online wine auction yesterday. The debonair Baron Eric is serious about his wines. 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? 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Pauillac has a fantastic terroir near the Gironde estuary, so a Lafite from this region is ideal. Baron Eric de Rothschild, the current manager, was already running Lafite in 1982. If you continue to use this site we will assume that you are happy with it. . The Chardonnay at Chteau Lafite Rothschild is always more Merlot than the grand vin. [2] In the 17th century, the property of Chteau Lafite was purchased by the Sgur family, including the 16th century manor house that still stands. Christies International Head of Wine Tim Triptree MW explains why its so highly sought after. Chateau Lafite tastes like a fine wine should taste. French wine production from the 2017 harvest will fall to historic lows due to damage from spring frosts, officials have estimated. Musk Made a Mess at Twitter. Chteau Lafite in Bordeaux. Wine investment insights delivered straight into your inbox weekly. 2022 Distillery.Sale All rights reserved. The fresh wine was then aged in new barriques, produced at Lafites own cooperage, for almost two years before bottling. 12 bottles per lot. Unfinished and not yet bottled. 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. 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 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. Is Chateau Lafite an expensive wine? Estimate: 3,000-4,000. There was also plenty of the 2008 vintage on offer, but its fate was less certain. The first two bottles of the lucky 2008 vintage, with an estimated lot price of $6,000 to $8,000, sold for $34,316 each. Merlot has become more prominent in recent vintages, as has a more traditional approach by Salin and Chevalier. Should go on for decades. It is important to note that the final blend is almost always close to 90% Cabernet Sauvignon. More shipping infoShipping info, Please allow 20 days for delivery in US. The Pauillac appellation is where the other First Growths Chteau Latour and Chteau Mouton Rothschild are located. 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. The wine producers were classified according to a chteaus reputation and trading price, which, at that time, was directly related to quality. Duhart-Milon, a separate estate in the Lafite portfolio, is located just west of Lafite. 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. 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). Third, Lafite ages its wine for a longer period of time than most other producers. Perhaps spurred on by the enthusiasm of the proprietors, the press and trade mostly reacted very positively, and 1982 was soon regarded as a blue-chip vintage, confirmed by steadily rising prices for the top wines. At the beginning of ageing, the quality of 2017 red wines from vineyards spared by frost are proving to be satisfactory to very good. It was October 2010, and auctioneer Jamie Ritchie of Sothebys was in the room, preparing to open the bidding on top wines of Bordeaux. The Lafite Rothschild vineyards in the Bordeaux region of France produce a wide range of red, white, and ros wines. When young, it is really difficult to understand despite being more . 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. Led by media professionals, The Drop is an entity in its own right, free of commercial interference of any kind. The palate is wonderfully concentrated and sonorous; it seems to extend in a column of dense black fruit. There was a lot at stake. It is considered by some to be the best wine to come out of Bordeaux. Years of use usually result in bottles costing several hundred dollars, and prices rise as they become scarcer. 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 fight between Chteau Mouton Rothschild and Bordeaux was one of the most significant in modern history. The significant role played by bitcoin for businesses! You can find out more about which cookies we are using or switch them off in settings. Bloomberg Best features the best stories of the day from Bloomberg Radio, Bloomberg Television, and 120 countries around the world. They should be fine 2017 is potentially a very good vintage. 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. Chateau Margaux, 2009 - 122,380. Many people do not know why Lafite '82 is expensive, now I will tell you. Of course, the influence of cinema is also huge, with a Hong Kong-made film contributing to this legendary story set in China. All of these factors combine to make Lafite wine one of the most expensive wines on the market. The Anglocentric language of wine is increasingly exclusive to the wider wine world. The growing season was idyllic with both budburst and flowering occurring under perfect conditions. Slightly high-toned, highly nuanced nose of currant, roasted meat, cedar, marzipan, smoke . Yes, take me to the Asia edition The most important thing for Chinese people is their face. There is a deep seam of black plum and liquorice with some nuances of minerals and earth, but this is deep, dense and savoury. Theres a world of difference between carefully-preserved decades-old vintages and two-for-a-tenner bottles of plonk on sale in the supermarket, not least the price tags. When Salin joined Lafite as its new director in 1985, he intended to use Lafites reputation to full advantage. 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 wine producers were classified according to a chteau's reputation and trading price, which, at that time, was directly related to quality. It was predicted to earn about $666 a bottle, assuming there were buyers. 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. Direct from the producer, in-stock and available for sale at the price shown. 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. Lafite wine is among the most expensive wines in the world. 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. Chteau Lafite Rothschild has a rich and fascinating history. Phone: +254 727 612 142. 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. Chateau Lafite Rothschild is known for its best drinking and should reach its peak maturity between the ages of 15 and 60. 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. Every year, a different artist is commissioned by the winery. Discover our range of fine wines from around the world. Within the five rarefied first growths, Lafite is perhaps the wine with the best reputation for quality and longevity, commanding correspondingly high prices. More shipping info. drinkable). Lafite, derived from the historic language term fite, which means mound or hillock, is said to have been first used in 1234. Although your wine cellar might be valuable, sharing bottles with friends is priceless. Today the vineyard is 107 hectares, but back then it was about 90ha still larger than any other first growth. 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. 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. The bottle of 1869 with an estimated price of $8,000? [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. Rothschild, however, died just three months after purchasing Lafite. Within the five rarefied first growths, Lafite is perhaps the wine with the best reputation for quality and longevity, commanding correspondingly high prices. Stores and prices for '1982 Chateau Lafite Rothschild, Pauillac' | tasting notes, market data, prices and stores in Singapore. Copyright 2023 Cult Wines Ltd. All Rights Reserved. But Salin had something up his sleeve that he hoped would give the auction a boost. In France, Lafite became known as the King's wine, after being introduced to the Court at Versailles by Marchal Richelieu. Chateau Lafite Rothschild 1982 Cheval Blanc 1982 Petrus 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. 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. Then it indirectly helped to advertise Lafite '82. This was an headline vintage of outstanding quality throughout Bordeaux, with ripeness levels not seen for many years.