why is 1982 lafite so expensive

Years of use usually result in bottles costing several hundred dollars, and prices rise as they become scarcer. 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. He enjoys participating in the final blending, though is willing to be overruled by his team of professionals. This term has been used in the past with disastrous results. Past performance is not indicative of future results. Since then, the overall Chinese wine market has become globally significant. Salin reached into Lafites caves and pulled out 1,000 cases to sell of the 1982 vintage, arguably the best of the century. Wine Lists. Lafite wine is among the most expensive wines in the world. Christian Seely, Bordeauxs director of estates, oversees a portfolio that includes the estates of Pichon-Longueville-Baron, Pibran, Petit-Village, and Suduiraut. 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. But Salin had something up his sleeve that he hoped would give the auction a boost. If you continue to use this site we will assume that you are happy with it. The move helped establish Lafite as a leader in the market. The chteaux take these reactions into account when they come up with the wines release price. 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. Great length and probably a few years off its peak. Today the vineyard is 107 hectares, but back then it was about 90ha still larger than any other first growth. Why is Lafite so expensive? Some of the world's most famous wines. The mystique extends beyond the wine in Beijing, there is a La Fite. Stored in bonded warehouse with duty and sales tax suspended. 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. No. 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. In addition to being one of the first growth wines from Bordeaux, it is one of the most expensive. Phone: +254 727 612 142. It looks like a hill, and Lafite is located on the slope of a hill. The 1982 vintage for Bordeaux was and still is considered one of the great vintages. Why is Lafite so expensive in 1982 - iMedia Because of the magic of Bordeaux, it takes a while to develop the complex secondary and tertiary characteristics of cedar, leather, and tobacco. 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! 1982 Lafite Rothschild, Pauillac (high-mid shoulder fill, nicked label Having already established a presence in Japan, Taiwan, and the more independent Asian mainland cities of Hong Kong and Shanghai, they saw China as the next big market, as soon as Communist rule permitted it. Simply put it, it's just so good! Price. 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. This was an headline vintage of outstanding quality throughout Bordeaux, with ripeness levels not seen for many years. Flight 4 d'Yquem 1975. . With the 2009, it turned out, the Chinese wanted to buy more of it than we had to sell, says Salin, who retired in 2018. Chteau Lafite-Rothschild 2000. Wine-Searcher's historical data and benchmark analysis provides trustworthy and valuable insights into likely market trends. Since then, Parker's reputation has grown, his following has grown, and his influence has grown. 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. 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. Chteau Lafite-Rothschild 2005. The night had turned into a bidding frenzy, with price after price shattered. If you disable this cookie, we will not be able to save your preferences. The 1982 Lafite-Rothschild is a wine I have drunk several times, though maybe this is the first time in magnum. The palate is wonderfully concentrated and sonorous; it seems to extend in a column of dense black fruit. 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. Yes, take me to the Asia edition drinkable). Lafite 1982 Leads $820,000 Christie's Online Wine Auction Let us guide you through the process behind investing in fine wine. And it was our thank you to China for helping us through the years.. Firstly, there is the 1982 vintage. The unusually warm growing season resulted in grapes of perfect ripeness and enormous concentration and richness. It was October 2010, and auctioneer Jamie Ritchie of Sothebys was in the room, preparing to open the bidding on top wines of Bordeaux. Privacy Policy, The Treasury: Finest Wines from a Peerless Collection. 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. World Class Wine. As a result, the appeal of this Pauillac wine has always been based on Lafite. "There was a big round of applause, some cheers, and a little bit of shock and amazement," recalled Robert . Returns are calculated in GBP and results may vary depending on exchange rates. When Salin joined Lafite as its new director in 1985, he intended to use Lafites reputation to full advantage. 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 harvest began early, on 16 September. The wines are then released to wholesalers, who get it at a lower price than everybody else. First, the wine is produced in very limited quantities. In China, they wanted to drink Lafite with Sprite. Salin remembers. Chteau Lafite-Rothschild 2005. Rather more closed on the nose. 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. It has a fruity taste with a hint of oak. Should go on for decades. 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. What Makes Lafite Wine So Expensive? - SloWine Wine Investment, Tagged: The designations remain in force today, putting Lafite at the pinnacle of Bordeaux. 06350591 | VAT No. Each spring after harvest, an event called. 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. 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. For this chart, Im including just 750 ml bottles (the standard) of red wine produced since 1950. 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. For power there are other chteaux, but for elegance and finesse, then Lafite should be your wine. Occasionally exceptions are made, such as the 1961 vintage which was 100% Cabernet Sauvignon. Chateau Margaux creeps into the top 10 again with its limited edition 12-litre 2009 vintage. A bottle of Lafite Rothschild costs around $500. 1982 Chateau Lafite Rothschild - Wine-Searcher When the 1855 classification was made, Lafite was listed first among the four first growths earning the reputation 'the first among the firsts'. The tannins are well balanced and the finish is smooth. 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. Bottled and stored with producer, excludes shipping and tariffs. Maybe youre looking for the perfect prosecco to bring to a surprise party. Direct from the producer, in-stock and available for sale at the price shown. 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 palate is wonderfully concentrated and sonorous; it seems to extend in a column of dense black fruit. Understanding Price: Behind The World's Most Expensive 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. 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. They should be fine 2017 is potentially a very good vintage. Coordinates: .mw-parser-output .geo-default,.mw-parser-output .geo-dms,.mw-parser-output .geo-dec{display:inline}.mw-parser-output .geo-nondefault,.mw-parser-output .geo-multi-punct{display:none}.mw-parser-output .longitude,.mw-parser-output .latitude{white-space:nowrap}451330N 04623W / 45.22500N 0.77306W / 45.22500; -0.77306. [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. Bordeaux are known for their age-ability. A look at the Bordeaux vintage that retailers are backing as the best in years. 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. And it would be a public humiliation for one of the wine worlds premier chteaux. Chteau Lafite Rothschild has a rich and fascinating history. [7][8], At the 5 December 1985 Christie's auction, a new record price of approximately US$156,000 was paid for a bottle of wine a 1787 Chteau Lafite which was thought to be owned by Thomas Jefferson. ). Producer. 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. 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Cask tastings revealed a vintage of almost Port-like richness and weight. answer the question why is 1982 lafite so expensive, which will help you get the most accurate answer. The Clockwork Building, 45 Beavor Lane, London W6 9AR, Reg Company No. This beverage is very sleek, full of black tea, currant, and crushed fig fruit, as well as subtle smoke, incense, and tar. 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. 1982 Chateau Lafite Rothschild - Wine-Searcher The wine has a long history dating back to the 18th century, and the name Lafite is synonymous with quality and luxury. This website uses cookies so that we can provide you with the best user experience possible. The vintages are well-known and highly regarded by wine experts. [9][10][11][12][13][14] The authenticity of the bottle has been challenged. A good Bordeaux from a good year can age for decades because the tannins in the wine act as a natural preservative. The Anglocentric language of wine is increasingly exclusive to the wider wine world. [15] On 29 October 2010 the record was broken at a Sotheby's auction in Hong Kong three bottles of 1869 Chateau Lafite-Rothschild were sold for HK$1.8M (US$232,692) each.[16]. There are a few factors that contribute to the high cost of Lafite wine. Led by media professionals, The Drop is an entity in its own right, free of commercial interference of any kind. The 10 most expensive wines | Cult Wines - wineinvestment.com That initial purchase was the start to Lafite Rothschild becoming the most expensive, sought after brand in the Chinese and Asian markets. Chateau Ducru-Beaucaillou, Saint-Julien, France, Chateau La Mission Haut-Brion, Pessac-Leognan, France. why is 1982 lafite so expensive - solcodepoint.com Chateau Lafite Rothschild | Pauillac | Wine Academy | Cult Wines Third, Lafite ages its wine for a longer period of time than most other producers. . Salin had also created a special label for the 2008 vintage. 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. Chateau Lafite tastes like a fine wine should taste. When we discussed the 08, I said, Why dont we do that? Salin recalls. It looks like a hill, and Lafite is located on the slope of a hill. Wine Legend: Chteau Lafite-Rothschild 1982, Pauillac, Bordeaux, France Bottles produced: No record Composition: 65% Cabernet Sauvignon, 29% Merlot, 6% Cabernet Franc Yield: 40 hectolitres per hectare Alcohol level: 12.5% Release price: 170 francs per bottle (around 17), which rose on the export market to 225Fr (22.50) Although your wine cellar might be valuable, sharing bottles with friends is priceless. 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 coveted title of most expensive Champagne is constantly on the move, claimed by just two other vintages during the last decade. Please sign in or create a free account to . Chteau Lafite Rothschild is a French wine estate of Bordeaux wine, located in Pauillac in France, owned by members of the Rothschild family since the 19th century, and rated as a First Growth under the 1855 Bordeaux Classification. 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. World's Most Expensive Wines - Forbes Merlot has become more prominent in recent vintages, as has a more traditional approach by Salin and Chevalier. It is important to note that the final blend is almost always close to 90% Cabernet Sauvignon. Inglenook Cabernet Sauvignon Napa Valley, 1941 17,250. Four good reasons to indulge in cryptocurrency! What is the Difference Between Wine and Cocktails? 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. Chteau Mouton Rothschild was promoted to the Premier Grand Cru Class after a long campaign for promotion in 1973. What does "Lafite in 1982" mean?Where does this "stalk" come from and 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 estate, which is owned and operated by the family, produces a wide range of wines, including red, white, and ros. Estimate: 3,000-4,000. But what happened that night wasn't just a coup for Lafite. [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. From Barolo to Bordeaux, these wines are steeped in tradition. Good luck getting hold of a bottle, though, the vintage is available in maddeningly small quantities. The fight between Chteau Mouton Rothschild and Bordeaux was one of the most significant in modern history. 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. 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. The 1982 Chteau Lafite-Rothschild, from magnum, is a bit rough around the edges, but still striking in its beauty. ! Michael Broadbent rated it highly from the outset, and his subsequent notes remarked on its fragrance and slow evolution. Soon after, it was available in the United States at $300 (now $600). Is Chateau Lafite an expensive wine? [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. But Salin had something up his sleeve that he hoped would give the auction a boost. 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. Within the five rarefied first growths, Lafite is perhaps the wine with the best reputation for quality and longevity, commanding correspondingly high prices. Sold in 2004, this is regarded as one of the most expensive American wines ever sold. The 2011 in particular has immense aging potential. The fresh wine was then aged in new barriques, produced at Lafites own cooperage, for almost two years before bottling. There is a deep seam of black plum and liquorice with some nuances of minerals and earth, but this is deep, dense and savoury. [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. The growing season was idyllic with both budburst and flowering occurring under perfect conditions. After peaking in 2011, however, the price of some vintages halved in two years. In China the name Lafite has the most extraordinary and unexpected resonance. 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. The Chardonnay at Chteau Lafite Rothschild is always more Merlot than the grand vin. More shipping info. Stores and prices for '1982 Chateau Lafite Rothschild, Pauillac' | tasting notes, market data, prices and stores in Singapore. In 1868 the Chteau was purchased by Baron James Mayer Rothschild for 4.4 million francs, and the estate became Chteau Lafite Rothschild. It is deeply impressive. The winery produces both a white wine, Aile dArgent, and a red wine, Rouge dArgent, in addition to Aile dArgent. If this first auction day failed, it forecast doom for the chteaux offering their wines on subsequent days. I have been fortunate to taste Lafite on many occasions. 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. Deep in colour, it has a classic Pauillac nose with intense black fruit mixed with pencil shavings and black truffles. Photo courtesy of DBR Lafite. Offered in The Treasury: Finest Wines from a Peerless Collection on 29 September 2022 at Christies in London. 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. in 2017, China had in a few short years asserted itself as a wine-buying nation equal to anywhere in Europe or the Americas. Critic tasting note: "(2002) Similar colour, but has retained more depth at core. 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. 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. Serious collectors dont deal in small fry, but are their chequebooks up to the cash demands of the most expensive wines in the world? 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.

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