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. 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. Lafite only produces a few thousand cases of wine each year, which drives up the price. why is 1982 lafite so expensive. The palate is wonderfully concentrated and sonorous; it seems to extend in a column of dense black fruit. Its vines are Cabernet Sauvignon, Cabernet Franc and Marselan. [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. 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. Discover how your secure fine wine investment is stored. Instead of committing early, the Chinese preferred to wait until nearer the time when the wine was actually ready to ship before jumping in. But what happened that night wasn't just a coup for Lafite. Will there be any dramatic changes at the heart of the wine world? 2010 saw a return to form. But what happened that night wasnt just a coup for Lafite. [2] In 1797 the vineyards were sold to a group of Dutch merchants.[5]. The 2008 was a good, but not great, vintage and the scores it had achieved from the all-important wine critics reflected that. 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. When Salin joined Lafite as its new director in 1985, he intended to use Lafites reputation to full advantage. 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. Why is lafite so expensive? 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. Covid has seen a lot of unspent wealth build up and wine is reaping the benefits. 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. Baron Eric de Rothschild, the current manager, was already running Lafite in 1982. The problem was that the Chinese had never bought much at En Primeur, Salin recalled recently. Merlot has become more prominent in recent vintages, as has a more traditional approach by Salin and Chevalier. Sometimes small imperfections add complexity in a wine. In 1868 the Chteau was purchased by Baron James Mayer Rothschild for 4.4 million francs, and the estate became Chteau Lafite Rothschild. For power there are other chteaux, but for elegance and finesse, then Lafite should be your wine. The most important thing for Chinese people is their face. 6 bottles per lot. This means that every time you visit this website you will need to enable or disable cookies again. Rather more closed on the nose. 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. - London - United Kingdom, Jacob K Javits Convention Center Trinken/lagern +40 Jahre. But Salin had something up his sleeve that he hoped would give the auction a boost. 12 bottles per lot. Because his zodiac sign was Aries, Baron Philippe de Rothschild depicted two rams in his coat of arms. Could there be a changing of the guard among Bordeaux's top producers? It is considered by some to be the best wine to come out of Bordeaux. We are using cookies to give you the best experience on our website. Chateau Margaux creeps into the top 10 again with its limited edition 12-litre 2009 vintage. 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 1869 Lafite had an estimated price of $8,000. In some cases, it will be different depending on the vintage character. In Bordeaux, 2016 was a strange year. 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. The wine has a long history dating back to the 18th century, and the name Lafite is synonymous with quality and luxury. But Salin had something up his sleeve that he hoped would give the auction a boost. Discover what else your investment offers. The 1982, considered one of the best vintages of last century . Christoph Salin. With his camera, James Molesworth looks at the region known as the Left Bank of France for its prime Cabernet Sauvignon grapes. Maybe youre looking for the perfect prosecco to bring to a surprise party. Bottled and stored with producer, excludes shipping and tariffs. Chteau Lafite-Rothschild 2000. 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. With Christmas around the corner, here's this year's best Bordeaux in case you need to stock up. in 2017, China had in a few short years asserted itself as a wine-buying nation equal to anywhere in Europe or the Americas. Because saliva builds up in the mouth all day, it can alter the taste of wine. 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. The Pauillac appellation is where the other First Growths Chteau Latour and Chteau Mouton Rothschild are located. [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. During the Second World War the Chteau was occupied by the German army, and suffered heavily from plundering of its cellars. Led by media professionals, The Drop is an entity in its own right, free of commercial interference of any kind. The 2005 and 2000 vintages of Carruades de Lafite have skyrocketed in price due to increased demand from China, with the 2005 vintage fetching more than 10,000 per case and the 2000 vintage fetching nearly 12,000. Chteau Lafite-Rothschild 2005. 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. The wine is typically aged for at least 18 months, and sometimes up to 24 months, before it is released. Within the five rarefied first growths, Lafite is perhaps the wine with the best reputation for quality and longevity, commanding correspondingly high prices. Simply put it, it's just so good! Estimate: 3,000-4,000. The 1982 vintage was a turning point, after which the quality of Lafite began to become solid. 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. 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. This term has been used in the past with disastrous results. 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). Even the best Bordeaux only lasts around 50 years, so why the incredible price tag for this one in 1985? 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. Chateau Lafite Rothschild 1982 Cheval Blanc 1982 Petrus 1982. A single night in Hong Kong in 2010 proved a turning point in the history of wine. First, the wine is produced in very limited quantities. The bottle of 1869 with an estimated price of $8,000? I have been fortunate to taste Lafite on many occasions. Estimate: 3,0004,000. Soon after, it was available in the United States at $300 (now $600). In France, Lafite became known as the King's wine, after being introduced to the Court at Versailles by Marchal Richelieu. Check with the merchant for stock availability. There is a deep seam of black plum and liquorice with some nuances of minerals and earth, but this is deep, dense and savoury. Chateau Lafite-Rothschild, 1787 . Or youre an unabashed cork dork hunting for that Slovenian stunner you sipped on vacation. 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 The Clockwork Building, 45 Beavor Lane, London W6 9AR, Reg Company No. Discover our range of fine wines from around the world. Four good reasons to indulge in cryptocurrency! 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. Why has it managed to have such a high popularity in the country? The fresh wine was then aged in new barriques, produced at Lafites own cooperage, for almost two years before bottling. 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. A bottle of Lafite can cost upwards of $500, making it one of the most expensive wines on the market. The significant role played by bitcoin for businesses! The mystique extends beyond the wine in Beijing, there is a La Fite. Although your wine cellar might be valuable, sharing bottles with friends is priceless. Lafite, derived from the historic language term fite, which means mound or hillock, is said to have been first used in 1234. After peaking in 2011, however, the price of some vintages halved in two years. Christies International Head of Wine Tim Triptree MW explains why its so highly sought after. 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. In 2011, he moved forward with planting grapes in Chinas Shandong Province and soon after built a new winery named. Direct from the producer, in-stock and available for sale at the price shown. Then it indirectly helped to advertise Lafite '82. Will His AI Plans Be Any Different? It looks like you're in Asia, would you like to be redirected to the 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 soil is deep gravel on perfectly drained, gently undulating slopes. Privacy Policy, The Treasury: Finest Wines from a Peerless Collection. Great length and probably a few years off its peak. 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. 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 core is plummy and rich, with notes of bramble and earth, but then a creamy layer of blackcurrant adds to a fleshy mid-palate. Good luck getting hold of a bottle, though, the vintage is available in maddeningly small quantities. answer the question why is 1982 lafite so expensive, which will help you get the most accurate answer. A case of 1982 Chateau Lafite helped Christie's International raise $819,715 in its first exclusively online wine auction yesterday. Critic tasting note: "(2002) Similar colour, but has retained more depth at core. Hassle-free and easy, our plans and fees are simple and transparent. There is no doubt that this is one of the best Bordeaux wines ever made. What we do is different. Limited availability. And the owners of Lafite's range of basic Bordeaux generic wines called Lgende sell . Winemaking practices have changed little at Lafite. The grapes are grown in the best vineyards in Bordeaux and are carefully selected to create the perfect blend. 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. Investing in wine could be your smartest investment yet. Critics have scored this wine 95 points. (2002) Similar colour, but has retained more depth at core. 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. 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 recent story about the world's most Googled beer doesn't appear to add up. Pauillac is a well-regarded a commune and appellation on Bordeaux's Mdoc peninsula. It was predicted to earn about $666 a bottle, assuming there were buyers. Our story, setting a new standard for fine wine investment. The chteaux take these reactions into account when they come up with the wines release price. Why is Lafite so expensive? It has a fruity taste with a hint of oak. If this first auction day failed, it forecast doom for the chteaux offering their wines on subsequent days. 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. Posted in: More shipping infoShipping info, Guaranteed provenance The coveted title of most expensive Champagne is constantly on the move, claimed by just two other vintages during the last decade. 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. The designations remain in force today, putting Lafite at the pinnacle of Bordeaux. 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. Pauillac is a well-regardeda commune and appellation on Bordeaux's Mdoc peninsula. Rothschild, however, died just three months after purchasing Lafite. The purity of fruit here really pushes through to the finish. drinkable). Third, Lafite ages its wine for a longer period of time than most other producers. The debonair Baron Eric is serious about his wines. 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. We use cookies to ensure that we give you the best experience on our website. Bu 1 en 2022 avec J.S.Philippe, un monstre en devenir (99+) ! Little did he know that the "82 Bordeaux would be released to the public as being slow to ripen and full of potential. He enjoys participating in the final blending, though is willing to be overruled by his team of professionals. 1982 Bottle (750ml) 1982 Chateau Lafite Rothschild, 750 ml. The 2008 was a good, but not great, vintage and the scores it had achieved from the all-important wine critics reflected that. It looks like a hill, and Lafite is located on the slope of a hill. The Wine and Spirits Wholesalers of America have claimed teenagers are buying wine online. Bloomberg Best features the best stories of the day from Bloomberg Radio, Bloomberg Television, and 120 countries around the world. The acidity then rushes in at the very end, causing the wine to become longer. Price. 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. 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