why is 1982 lafite so expensive

As our search for the world's most popular wines nears its end, we visit one of the great regions. Three bottles of Chteau Lafite-Rothschild 1869 sold for HK$1.8 million each. Its vines are Cabernet Sauvignon, Cabernet Franc and Marselan. 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. And it was our thank you to China for helping us through the years.. Bottled and stored with producer, excludes shipping and tariffs. Price. Not only that, but while Hong Kong had its share of wealthy collectors, wine drinking was not yet widespread in mainland China. This would be a historic low, said the ministry 16% lower than the five-year average and worse than 1991, a vintage also hit hard by frost. Returns are calculated in GBP and results may vary depending on exchange rates. Led by media professionals, The Drop is an entity in its own right, free of commercial interference of any kind. The cellarmaster in 1982 was Robert Revelle, who succeeded his father Georges. Cabernet Sauvignon, Merlot, Cabernet Franc & Petit Verdot. Estimate: 3,0004,000. "There was a big round of applause, some cheers, and a little bit of shock and amazement," recalled Robert . The price of other Bordeaux wines, Since then, the overall Chinese wine market has become globally significant. It was predicted to earn about $666 a bottle, assuming there were buyers. Join one of our online webinars to hear from experts on the market. Price. 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. This rare six-litre bottle of Bordeaux wine was sold to a private collector during a sale at Christies in Geneva. The Clockwork Building, 45 Beavor Lane, London W6 9AR, Reg Company No. 2022 Distillery.Sale All rights reserved. Chteau Lafite in Bordeaux. It is important to note that the final blend is almost always close to 90% Cabernet Sauvignon. in 2017, China had in a few short years asserted itself as a wine-buying nation equal to anywhere in Europe or the Americas. Discover our range of fine wines from around the world. Estimate: 3,0004,000. The winning bid was by far the highest price ever paid for a single bottle of wine. Subscribe to our magazine to stay in the know. 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 . Each spring after harvest, an event called. Sold in 2004, this is regarded as one of the most expensive American wines ever sold. The designations remain in force today, putting Lafite at the pinnacle of Bordeaux. Is it familiar? 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. The vintages are well-known and highly regarded by wine experts. [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. 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.. Stored in bonded warehouse with duty and sales tax suspended. 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. Bloomberg Best features the best stories of the day from Bloomberg Radio, Bloomberg Television, and 120 countries around the world. 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. Lafite, derived from the historic language term fite, which means mound or hillock, is said to have been first used in 1234. Our company is the leading company of still equipment in China, with the strength of providing vodka, gin, run, whisky, brandy making machines. Yes, take me to the Asia edition 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. Should go on for decades. It became the most expensive wine ever sold when the hammer went down at the final price of $233,972. 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. I was so happy that day! 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. Soon after, it was available in the United States at $300 (now $600). Photo courtesy of DBR Lafite. 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. The problem was that the Chinese had never bought much at En Primeur, Salin recalled recently. 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. A single night in Hong Kong in 2010 proved a turning point in the history of wine. 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. 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. 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. Why is the 82 Lafite so expensive? 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. Wine investment insights delivered straight into your inbox weekly. The 1982, considered one of the best vintages of last century . Producer. 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. A bottle of Lafite Rothschild costs around $500. why is 1982 lafite so expensive. More shipping info. In addition to being one of the first growth wines from Bordeaux, it is one of the most expensive. Lafite wine is among the most expensive wines in the world. More shipping infoShipping info, Guaranteed provenance - Dusseldorf - Germany. 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. Since then, it has been a consistent producer of one of the world's most expensive red wines. 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. [17] In 2019, the estate debuted its first vintage from its Domaine de Long Dai winery in Shandong. Wine has a proven track record of returns and resilience in an unstable market. This was an headline vintage of outstanding quality throughout Bordeaux, with ripeness levels not seen for many years. This beverage is very sleek, full of black tea, currant, and crushed fig fruit, as well as subtle smoke, incense, and tar. (2002) Similar colour, but has retained more depth at core. 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The Premier Cru ponzi scheme has left thousands out of pocket, but there may be a glimmer of hope. With Christmas around the corner, here's this year's best Bordeaux in case you need to stock up. It was going to be a tough day, and neither Ritchie or Salin, the CEO of DBR Lafite, the company behind Lafite, were certain the wines would attract anything like the prices they were hoping for. 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. There are two seriously beautiful vintages on our hands, and theyre both fantastic. The mystique extends beyond the wine in Beijing, there is a La Fite. 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 wine is without a doubt one of the best Bordeaux wines to come out. Inglenook Cabernet Sauvignon Napa Valley, 1941 17,250. So, what makes Lafite wine so expensive? Chteau Lafite-Rothschild 2005. The perception that nothing much changes in Bordeaux has been shaken by the surprise decision of two top producers. We reach the climax of our series on the world's most searched-for wines, but there's a surprising omission. Although it eventually cooled after reaching. During the Second World War the Chteau was occupied by the German army, and suffered heavily from plundering of its cellars. Privacy Policy, The Treasury: Finest Wines from a Peerless Collection. A year after he took over the management in 1974, he hired Professor Emile Peynaud as consultant. More shipping infoShipping info, Please allow 20 days for delivery in US. 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. In China the name Lafite has the most extraordinary and unexpected resonance. He claims that the 10s brought a new energy to structure. When the hammer came down on the extraordinary sale of a bottle of 1869 Chteau Lafite, history was made. 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. Chateau Lafite tastes like a fine wine should taste. What we do is different. More importantly, it was one of only four Bordeaux wineries given the top First Growth rating when the regions wine merchants drew up a. . (AG) (3/2014) Good full, deep red. 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Instead of committing early, the Chinese preferred to wait until nearer the time when the wine was actually ready to ship before jumping in. On this, the first day of the auction, Ritchie had 2,000 bottles of Chteau Lafite Rothschild to put under the hammer. Robert Parker gave this vintage a score of 100 points, and legend has it that he tasted this vintage 11 times and was satisfied with 100 points each time. Baron Philippe is the first and only person to accomplish this. The 20th century has seen periods of success and difficulty, coping with post-phylloxera vines, and two world wars. Looking at the wine retail shelves raises one question: where's the Bordeaux? 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. Deep in colour, it has a classic Pauillac nose with intense black fruit mixed with pencil shavings and black truffles. Talk about opening with a bang! The mood inside the Mandarin Oriental, one of Hong Kongs most luxurious hotels, was anxious. 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. [18], In addition to the first growth, around a third of the wine is released as a second wine under the label Carruades de Lafite. Robert Parker gave this vintage a score of 100 points, and legend has it that he tasted this vintage 11 times and was satisfied with 100 points each time. 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. 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. And Salin had another plan in motion. Even the best Bordeaux only lasts around 50 years, so why the incredible price tag for this one in 1985? Flat Rate $9.99 Ground Shipping in CA Ship to the whole of the USA. A second Chteau Lafite Rothschild vineyard was established in the Chinese province of Shandong, where 250,000 vine stocks from France are planted on 30 hectares. Is Chateau Lafite an expensive wine? If you continue to use this site we will assume that you are happy with it. [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 fresh wine was then aged in new barriques, produced at Lafites own cooperage, for almost two years before bottling. As a result, the appeal of this Pauillac wine has always been based on Lafite. 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. You can find out more about which cookies we are using or switch them off in settings. This means that every time you visit this website you will need to enable or disable cookies again. The estate, which is owned and operated by the family, produces a wide range of wines, including red, white, and ros. 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. Past performance is not indicative of future results. Christies International Head of Wine Tim Triptree MW explains why its so highly sought after. When we discussed the 08, I said, Why dont we do that? Salin recalls. I have been fortunate to taste Lafite on many occasions. This bottle was a Bordeaux, a 1787 Chateau Lafite, and, according to The Guinness Book of World Records, 18 years later it still is the world's most expensive bottle of wine.Its great age alone . 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. Because saliva builds up in the mouth all day, it can alter the taste of wine. Grapes must be planted in well-drained soil, which is rich in fine, deep gravel and aeolian sand. There are a few factors that contribute to the high cost of Lafite wine. The winery produces both a white wine, Aile dArgent, and a red wine, Rouge dArgent, in addition to Aile dArgent. Some of the world's most famous wines. Discover how your secure fine wine investment is stored. Find out more about the people who make it work. 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. The past few years have seen big price hikes for fine wine, but market patience might be wearing thin. There was also plenty of the 2008 vintage on offer, but its fate was less certain. takes place, to which wine merchants and journalists are invited to taste the wine while its still in the barrel. In 1994, Bordeaux was experiencing a sluggish sales period, so chteaux were raiding cellar reserves and selling previous vintages cheaply. GB 129 9514 84 | AWRS No. 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. On this, the first day of the auction, Ritchie had 2,000 bottles of. A bottle of Lafite can cost upwards of $500, making it one of the most expensive wines on the market. 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. Aile dArgent, at less than $100 per bottle, is more affordable, while Le Petite Mouton costs around $100. The unusually warm growing season resulted in grapes of perfect ripeness and enormous concentration and richness. Salin had also created a special label for the 2008 vintage. From Barolo to Bordeaux, these wines are steeped in tradition. The most important thing for Chinese people is their face. 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. In 1868 the Chteau was purchased by Baron James Mayer Rothschild for 4.4 million francs, and the estate became Chteau Lafite Rothschild. 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. Our story, setting a new standard for fine wine investment. Bu 1 en 2022 avec J.S.Philippe, un monstre en devenir (99+) ! 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. 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. Good luck getting hold of a bottle, though, the vintage is available in maddeningly small quantities. The 1982 Lafite-Rothschild is a wine I have drunk several times, though maybe this is the first time in magnum. And Salin had another plan in motion. 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. The next morning, the price of the 2008 Lafite jumped 20% on the key London markets. 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). She is the youngest woman leading a Premier Grand Cru Bordeaux estate. 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. [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. The first reference dates back to 1234 and the name Lafite derives from the historic language term fite, which means mound or hillock, and describes their plateau which is one of the highest spots in the appellation. Chteau Lafite-Rothschild 2000. Lafite currently has 112 hectares under vine and is planted to 70% Cabernet Sauvignon, 25% Merlot 3% Cabernet Franc and 2% Petit Verdot. This lengthy aging process adds to the cost of the wine. No. 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. There was also plenty of the 2008 vintage on offer, but its fate was less certain. 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. It simply oozes class. Chateau Lafite-Rothschild, 1787 109,300. The Japanese specialty has burst free of its traditional market and is getting consumers very thirsty indeed. At the beginning of ageing, the quality of 2017 red wines from vineyards spared by frost are proving to be satisfactory to very good. 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. 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. A case of 1982 Chateau Lafite helped Christie's International raise $819,715 in its first exclusively online wine auction yesterday. The soil is deep gravel on perfectly drained, gently undulating slopes. The Drop is an online magazine that connects people to wines theyll love. Since then, Parker's reputation has grown, his following has grown, and his influence has grown. Baron Eric de Rothschild, the current manager, was already running Lafite in 1982. Posted in: Pauillac is a well-regarded a commune and appellation on Bordeaux's Mdoc peninsula. These wines, on the other hand, have a vibrant acidity and a firm tannic structure, allowing them to age gracefully. 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 . PO Box 607Pismo Beach, CA 93448Phone: 805.541.5868Fax: 805.434.9380. Chteau Lafite-Rothschild 1986. In terms of red Bordeaux, or claret as it is also referred to by the British, there are no greater wines than the five chteaux referred to as the first growths: Chteau Lafite-Rothschild, Chteau Latour, Chteau Margaux, Chteau Haut-Brion and Chteau Mouton Rothschild. 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! Pauillac has a fantastic terroir near the Gironde estuary, so a Lafite from this region is ideal. It is considered by some to be the best wine to come out of Bordeaux. Estimate: 3,000-4,000. Will His AI Plans Be Any Different? Chateau Margaux creeps into the top 10 again with its limited edition 12-litre 2009 vintage. Fourth, Lafite is one of the most prestigious wine producers in the world. The best wines, which Lafite is unquestionably in that category also have a freshness and vibrancy to balance the matured bouquet. Lafite in particular has maintained a youthful character, developing harmony as it ages. The style of wines proved a terrific shot in the arm for claret, especially on the US market. (Some up north on the left bank are even mentioning 2015). The price of other Bordeaux wines rose as well. 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. Although your wine cellar might be valuable, sharing bottles with friends is priceless. In the years 1945 to 1961, the best time to drink Lafite Rothschild wines is from September to November. 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. It is undoubtedly one of the very best wines to come out of Bordeaux.