The wine is without a doubt one of the best Bordeaux wines to come out. Instead of committing early, the Chinese preferred to wait until nearer the time when the wine was actually ready to ship before jumping in. A bottle of 1869 Lafite had an estimated price of $8,000. 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 in 2017, China had in a few short years asserted itself as a wine-buying nation equal to anywhere in Europe or the Americas. Good luck getting hold of a bottle, though, the vintage is available in maddeningly small quantities. The estate then became the joint property of his three sons: Alphonse, Gustave and Edmond Rothschild. The problem was that the Chinese had never bought much at En Primeur, Salin recalled recently. The best aged red wines tend to be Port, cabernet sauvignon, merlot, sangiovese, monastrell, cabernet franc, nebbiolo, malbec, and syrah. Yes, take me to the Asia edition Some estates overcropped as the yield was generous, but dilution was rare. More shipping infoShipping info, Guaranteed provenance The 1982 vintage for Bordeaux was and still is considered one of the great vintages. Many people do not know why Lafite '82 is expensive, now I will tell you. Led by media professionals, The Drop is an entity in its own right, free of commercial interference of any kind. 12 bottles per lot. That is certainly the case with the 1982 Lafite. - New York - USA, Messe Dusseldorf A variety of chteaux can be used for power, but Lafite is the ideal wine for elegance and grace. 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. The bottles had been shipped directly from Lafites own cellars; among them, a bottle of 1869 Lafite, its price estimated at $8,000. The Premier Cru ponzi scheme has left thousands out of pocket, but there may be a glimmer of hope. 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 . 1982 Chateau Lafite Rothschild Pauillac, France, Chateau Lafite Rothschild Pauillac, France. Generally speaking, Lafite takes about 25 years to blossom in a strong vintage; the 1999, from a less powerful year, is just starting to develop secondary nuances, the herbal and savory notes that . 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. Could there be a changing of the guard among Bordeaux's top producers? When we discussed the 08, I said, Why dont we do that? Salin recalls. What we do is different. 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. 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 . Flight 4 d'Yquem 1975. . articles a month for anyone to read, even non-subscribers! This website uses cookies so that we can provide you with the best user experience possible. The night had turned into a bidding frenzy, with price after price shattered. The Clockwork Building, 45 Beavor Lane, London W6 9AR, Reg Company No. 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. Users have rated this wine 4.5 out of 5 stars. Our company is the leading company of still equipment in China, with the strength of providing vodka, gin, run, whisky, brandy making machines. 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. 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. Four different kinds of cryptocurrencies you should know. Were the worlds first wine discovery platform with a simple matchmaking mission: to pair people with bottles that bring them joy. Bottled and stored with producer, excludes shipping and tariffs. If you disable this cookie, we will not be able to save your preferences. Great length and probably a few years off its peak. 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). Cabernet Sauvignon is the dominant variety, but in some vintages Cabernet Franc, Petit Verdot and Merlot play a part in the blend. Unfinished and not yet bottled. 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. The wine producers were classified according to a chteau's reputation and trading price, which, at that time, was directly related to quality. Mobile: +254 798 368 561. In der Nase feines florales Bukett, nach Herzkirschen, zart nach Orangenzesten, Lakritze und Brombeeren klingen an, floral nach Lilien, ein Hauch von Zedernholz, Steinpilzen und Schokolade. Fourth, Lafite is one of the most prestigious wine producers in the world. It became the most expensive wine ever sold when the hammer went down at the final price of $233,972. Posted in: Rather more closed on the nose. Salin had also created a special label for the 2008 vintage. Long-term drinking is supported by both the short and long-term use of mixed formats. Brand For completeness we may include critic scores in our aggregation that we do not display. 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. A year after he took over the management in 1974, he hired Professor Emile Peynaud as consultant. 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 2011 in particular has immense aging potential. This vintage could well go down in history as the most expensive bottle of wine never sold. Wine drinkers should begin drinking wine about 11 a.m. to 1 p.m. to get the best flavor. This lengthy aging process adds to the cost of the wine. The style of wines proved a terrific shot in the arm for claret, especially on the US market. The best Chateau Lafite Rothschild should be aged at least 15 years in a glass. ! Rothschild, however, died just three months after purchasing Lafite. Christian Seely, Bordeauxs director of estates, oversees a portfolio that includes the estates of Pichon-Longueville-Baron, Pibran, Petit-Village, and Suduiraut. Case of 1982 Lafite tops auction at $42k 12 May 2014 By Lauren Eads An original wood case of Chateau Lafite Rothschild 1982 was the top selling item at Zachys' New York Spring auction this. A single night in Hong Kong in 2010 proved a turning point in the history of wine. But Salin had something up his sleeve that he hoped would give the auction a boost. Take a wild guess. The vines are planted in well-drained soil made up of fine, deep gravel, mixed with aeolian sand on a subsoil of tertiary limestone. Third, Lafite ages its wine for a longer period of time than most other producers. The estate, which is owned and operated by the family, produces a wide range of wines, including red, white, and ros. Copyright 2023 Cult Wines Ltd. All Rights Reserved. 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. Chateau Ducru-Beaucaillou, Saint-Julien, France, Chateau La Mission Haut-Brion, Pessac-Leognan, France. Then it indirectly helped to advertise Lafite '82. When Salin joined Lafite as its new director in 1985, he intended to use Lafites reputation to full advantage. More importantly, it was one of only four Bordeaux wineries given the top First Growth rating when the regions wine merchants drew up a. . Chateau Lafite Rothschild 1982 Cheval Blanc 1982 Petrus 1982. When it went for $233,972, it became the most expensive wine ever sold. In the years 1945 to 1961, the best time to drink Lafite Rothschild wines is from September to November. 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. 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. It was rated second class after being classified as Deuxime Grand Cru in 1855. 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. This is not a bad thing, but it is slightly different. The 2008 was a good, but not great, vintage and the scores it had achieved from the all-important wine critics reflected that. Baron Eric de Rothschild, the current manager, was already running Lafite in 1982. It is undoubtedly one of the very best wines to come out of Bordeaux. 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 bottle of 1869 with an estimated price of $8,000? Sometimes small imperfections add complexity in a wine. As a result, the appeal of this Pauillac wine has always been based on Lafite. What is the Difference Between Wine and Cocktails? For this chart, Im including just 750 ml bottles (the standard) of red wine produced since 1950. Offered in The Treasury: Finest Wines from a Peerless Collection on 29 September 2022 at Christies in London. Check with the merchant for stock availability. Ritchie took his place and the bidding began. Although it is less than 1 million a bottle of Kande red wine, I can't bear to drink it when I buy it back. The 2008 was a good, but not great, vintage and the scores it had achieved from the all-important wine critics reflected that. It was predicted to earn about $666 a bottle, assuming there were buyers. Chteau Lafite Rothschild is one of the most expensive wines in the world, with prices ranging from $911 per 750 ml bottle to $1,699 per 750 ml bottle. [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. Chteau Lafite-Rothschild 1986. Lafite was officially ranked first in the list of the 1855 Classification of the Bordeaux Grands Crus Classs prepared for the Universal Exhibition in Paris in the same year. Talk about opening with a bang! Lafite only produces a few thousand cases of wine each year, which drives . Not only was the wine famous, it was also a First Growth chateaux. In addition to being one of the first growth wines from Bordeaux, it is one of the most expensive. If youre looking for a special bottle of wine to splurge on, Lafite is a great option. 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 Anglocentric language of wine is increasingly exclusive to the wider wine world. Great length and probably a few years off its peak. [3] Although vines almost certainly already existed on the site, around 1680, Jacques de Sgur planted the majority of the vineyard. A look at the Bordeaux vintage that retailers are backing as the best in years. So, now you know why the '82 Lafite is so expensive, right? 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). 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. I was blessed to have drunk quite a number of Petrus vintages. why is 1982 lafite so expensive. The wines are then released to wholesalers, who get it at a lower price than everybody else. The past few years have seen big price hikes for fine wine, but market patience might be wearing thin. World Class Wine. Wine has a proven track record of returns and resilience in an unstable market. Chateau Lafite Rothschild is known for its best drinking and should reach its peak maturity between the ages of 15 and 60. The 1982 vintage was a turning point, after which the quality of Lafite began to become solid. 06350591 | VAT No. Phone: +254 727 612 142. This means that every time you visit this website you will need to enable or disable cookies again. At the beginning of ageing, the quality of 2017 red wines from vineyards spared by frost are proving to be satisfactory to very good. - 94/100, Tom Cannavan, Standard delivery next day Am Gaumen komplex, dabei saftig und elegant, extraktse Frucht, prsente Tannine, etwas schwarzer Tee, leicht adstringent, hat den robusten Kern aller guten 82er, hat Tiefgang, dunkle Schokolade, aber auch Nuancen von roter Frucht im Abgang, sehr gute Lnge, ausgezeichnetes weiteres Reifepotenzial. In fact, at the beginning, 82 Lafite was a line of a movie, and then gradually evolved into an expression bag. - London - United Kingdom, Jacob K Javits Convention Center Let us guide you through the process behind investing in fine wine. 2022 Distillery.Sale All rights reserved. The chteaux take these reactions into account when they come up with the wines release price. Analysis of the reasons for this may be as follows. 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. Not only that, but while Hong Kong had its share of wealthy collectors, wine drinking was not yet widespread in mainland China. Because his zodiac sign was Aries, Baron Philippe de Rothschild depicted two rams in his coat of arms. Musk Made a Mess at Twitter. A bottle of Lafite can cost upwards of $500, making it one of the most expensive wines on the market. 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. . It is considered by some to be the best wine to come out of Bordeaux. [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. It might say Bordeaux in the name, but this isn't some celebration of French wine dominance. 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. 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 There are a few factors that contribute to the high cost of Lafite wine. Since then, Parker's reputation has grown, his following has grown, and his influence has grown. 03606414. [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. Within the five rarefied first growths, Lafite is perhaps the wine with the best reputation for quality and longevity, commanding correspondingly high prices. Estimate: 3,0004,000. 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. In October 2019, the 2017 vintage of Long Dai its first went on sale in Europe. [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. [9][10][11][12][13][14] The authenticity of the bottle has been challenged. Little did he know that the "82 Bordeaux would be released to the public as being slow to ripen and full of potential. PO Box 607Pismo Beach, CA 93448Phone: 805.541.5868Fax: 805.434.9380. The purity of fruit here really pushes through to the finish. It simply oozes class. Serious collectors dont deal in small fry, but are their chequebooks up to the cash demands of the most expensive wines in the world? Pauillac is a well-regardeda commune and appellation on Bordeaux's Mdoc peninsula. 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 wine has a long history dating back to the 18th century, and the name Lafite is synonymous with quality and luxury. Its vines are Cabernet Sauvignon, Cabernet Franc and Marselan. Or youre an unabashed cork dork hunting for that Slovenian stunner you sipped on vacation. The Lafite Rothschild vineyards in the Bordeaux region of France produce a wide range of red, white, and ros wines. Stored in bonded warehouse with duty and sales tax suspended. Our wine director takes a more detailed look at his picks from the most recent Bordeaux vintage, appellation by appellation. 1982 Bottle (750ml) 1982 Chateau Lafite Rothschild, 750 ml. Inglenook Cabernet Sauvignon Napa Valley, 1941 17,250. I believe Lafites popularity, particularly in Asia can be partly attributed to these characteristics of approachability in youth, the finesse and elegance combined with significant ageing potential. When Salin joined Lafite as its new director in 1985, he intended to use Lafites reputation to full advantage. Chateau Margaux creeps into the top 10 again with its limited edition 12-litre 2009 vintage. 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. drinkable). 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 Drop is an online magazine that connects people to wines theyll love. So, what makes Lafite wine so expensive? The palate is wonderfully concentrated and sonorous; it seems to extend in a column of dense black fruit. drinkable). 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. When the 1855 classification was made, Lafite was listed first among the four first growths earning the reputation 'the first among the firsts'. It is important to note that the final blend is almost always close to 90% Cabernet Sauvignon. Should go on for decades." 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 history of Chteau Lafite Rothschild is rich and fascinating. Past performance is not indicative of future results. Wine Lists. In the white corner by which one generally means Sauternes the best vintages years are 2015, 2014, 2011 and 2009. Chteau Mouton Rothschild was promoted to the Premier Grand Cru Class after a long campaign for promotion in 1973. Theres no winemaker at Lafite, but the technical director then was Jean Crt (ex-Loville-Las-Cases). (2002) Similar colour, but has retained more depth at core. The next morning, the price of the 2008 Lafite jumped 20% on the key London markets. Chteau Lafite-Rothschild 2005. This week's news roundup covers all the major themes romance, money and crime. 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 1982 Chteau Lafite-Rothschild, from magnum, is a bit rough around the edges, but still striking in its beauty. Critic tasting note: "(2002) Similar colour, but has retained more depth at core. 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. If you continue to use this site we will assume that you are happy with it. 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. XVAW00000101625, You must be 18 or over, or the legal age in your region to use the services of Cult Wines. The night had turned into a bidding frenzy, with price after price shattered. Chteau Lafite Rothschild is undoubtedly one of the worlds most prestigious and collectable wines. 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. A case of 1982 Chateau Lafite helped Christie's International raise $819,715 in its first exclusively online wine auction yesterday. Investing in wine could be your smartest investment yet. 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. That initial purchase was the start to Lafite Rothschild becoming the most expensive, sought after brand in the Chinese and Asian markets. Limited availability. 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. 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. In 1868 the Chteau was purchased by Baron James Mayer Rothschild for 4.4 million francs, and the estate became Chteau Lafite Rothschild.