Users have rated this wine 4.5 out of 5 stars. That initial purchase was the start to Lafite Rothschild becoming the most expensive, sought after brand in the Chinese and Asian markets. When it went for $233,972, it became the most expensive wine ever sold. 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. Chteau Lafite-Rothschild 2005. 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. Irrespective of whether in bottles or magnums or larger, Lafite should be an important part of your fine wine collection. Given that wine is a beverage, of course, one bottle is rarely consumed and eventually becomes a scarce item, perhaps hidden away in the hands of a collector and labelled as a non-sale item. 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. 2010 saw a return to form. Serious collectors dont deal in small fry, but are their chequebooks up to the cash demands of the most expensive wines in the world? 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. Amongst these Pauillac wines, Lafite has always held a particular allure. To stimulate interest, Salin had pulled out all the stops. You are wondering about the question why is 1982 lafite so expensive but currently there is no answer, so let summarize and list the top articles with the question. The only known bottle in the Imperial format was expected to sell for between US$150,000-$200,000, but smashed its estimates to sell for $304,375 (192,000). 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. 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. [3] Although vines almost certainly already existed on the site, around 1680, Jacques de Sgur planted the majority of the vineyard. This week's news roundup covers all the major themes romance, money and crime. Salin reached into Lafites caves and pulled out 1,000 cases to sell of the 1982 vintage, arguably the best of the century. In some cases, it will be different depending on the vintage character. Find out more about the people who make it work. The Japanese specialty has burst free of its traditional market and is getting consumers very thirsty indeed. 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. Three bottles of Chteau Lafite-Rothschild 1869 sold for HK$1.8 million each. Third, Lafite ages its wine for a longer period of time than most other producers. The 1982 vintage is one of the best wines I have had the privilege to taste when it is on song, with impressive concentration of cassis fruit character with the classic cedar and cigar box aromatics, supremely well balanced and the finish went on and on a truly impressive wine! And it would be a public humiliation for one of the wine worlds premier chteaux. Hotlines/WhatsApp. A bottle of 1869 Lafite had an estimated price of $8,000. 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. Each spring after harvest, an event called. Since then, Parker's reputation has grown, his following has grown, and his influence has grown. Registered in England and Wales No. to put under the hammer. ! Regardless of whether the Lafite is in a bottle or a magnum, it should be included in your fine wine collection. Great length and probably a few years off its peak. The past few years have seen big price hikes for fine wine, but market patience might be wearing thin. 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. And Salin had another plan in motion. 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. Past performance is not indicative of future results. 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. Pauillac has a fantastic terroir near the Gironde estuary, so a Lafite from this region is ideal. Why has it managed to have such a high popularity in the country? The remaining vintage years of the 21st century have all otherwise been reasonable quality, although the 2013, 2010 and 2005 stand out above the rest. When we discussed the 08, I said, Why dont we do that? Salin recalls. At the beginning of ageing, the quality of 2017 red wines from vineyards spared by frost are proving to be satisfactory to very good. 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. [21], GBP closed at ~$1.48 on the day of the auction per, For the controversy, which is still unresolved, see, Last edited on 19 February 2023, at 22:59, "The Most Expensive Wine Ever Sold at Auction", "History | Domaines Barons de Rothschild (Lafite)", "CHATEAU LAFITE 1787 - The World's Most Expensive Wine", "Saskia de Rothschild On Building a Winemaking Empire - Maxim", "Worldwise: Vintner Saskia de Rothschild's Favorite Things", "A bottle of 1787 wine apparently bottled for Thomas", "Wine Lover's Nose For Fakery Leads To Famed Bottles", "Chteau Lafite cracks open its first Chinese vintage", "Chateau Lafite Rothschild, Pauillac, France: prices", "Lafite-Rothschild 2008 Falls to $8,800 Five-Month Low on Liv-Ex",, This page was last edited on 19 February 2023, at 22:59. drinkable). The estate, which is owned and operated by the family, produces a wide range of wines, including red, white, and ros. The unusually warm growing season resulted in grapes of perfect ripeness and enormous concentration and richness. Not only was the wine famous, it was also a First Growth chateaux. When Salin joined Lafite as its new director in 1985, he intended to use Lafites reputation to full advantage. Critics have scored this wine 95 points. 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. A look at the Bordeaux vintage that retailers are backing as the best in years. 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. The 1982 Lafite-Rothschild is a wine I have drunk several times, though maybe this is the first time in magnum. Is it familiar? The estate is now known as Rubicon, owned by Francis Ford Coppola, who allegedly keeps an empty bottle of this vintage on top of his fridge. 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 Mouton Rothschild was promoted to the Premier Grand Cru Class after a long campaign for promotion in 1973. 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. The designations remain in force today, putting Lafite at the pinnacle of Bordeaux. It is deeply impressive. A bottle of Lafite can cost upwards of $500, making it one of the most expensive wines on the market. Cask tastings revealed a vintage of almost Port-like richness and weight. Producer. 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. 03606414. During the Second World War the Chteau was occupied by the German army, and suffered heavily from plundering of its cellars. On this, the first day of the auction, Ritchie had 2,000 bottles of Chteau Lafite Rothschild to put under the hammer. The vintage 1869 bottles -- sold in a single lot -- went for multiples more than expected . The Lucky Country has had a rough few years, but change is in the air. 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. 2020 has ended up being a really good but variable year with wines of outstanding potential for many Bordeaux estates. Estimate: 3,000-4,000. I have been fortunate to taste Lafite on many occasions. 6 bottles per lot. Back in 2010 an Asian buyer made wine history when they purchased three bottles of Chateau Lafite-Rothschild for US$232,692 (163,000) 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. Could there be a changing of the guard among Bordeaux's top producers? The designations remain in force today, putting Lafite at the pinnacle of Bordeaux. [9][10][11][12][13][14] The authenticity of the bottle has been challenged. Price starts low and is sold to the highest bidder. It was an easy harvest that saw an early and large crop, and in the vat rooms they say, it smelt of hot fruit jam. Chteau Lafite Rothschild in Pauillac, France, Get the best stories from in a weekly email, *We will never sell or rent your information. It was rated second class after being classified as Deuxime Grand Cru in 1855. Chteau Only twelve copies of this doll were made by Mattel. In 2011, he moved forward with planting grapes in Chinas Shandong Province and soon after built a new winery named. 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. First, the wine is produced in very limited quantities. This lengthy aging process adds to the cost of the wine. A bottle of 1869 Chteau Lafite Rothschild holds the world record for the most expensive bottle of wine sold at auction for $233,973 in 2010. 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. 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. So, what makes Lafite wine so expensive? Pauillac is a well-regarded a commune and appellation on Bordeaux's Mdoc peninsula. The wines are then released to wholesalers, who get it at a lower price than everybody else. The coveted title of most expensive Champagne is constantly on the move, claimed by just two other vintages during the last decade. A bottle of Lafite can cost upwards of $500, making it one of the most expensive wines on the market. After peaking in 2011, however, the price of some vintages halved in two years. As our search for the world's most popular wines nears its end, we visit one of the great regions. Discover how your secure fine wine investment is stored. Copyright 2023 Cult Wines Ltd. All Rights Reserved. The debonair Baron Eric is serious about his wines. We've finally reached the summit of our search for the world's most popular wines. Bottled and stored with producer, excludes shipping and tariffs. The Drop is an online magazine that connects people to wines theyll love. 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. But Salin had something up his sleeve that he hoped would give the auction a boost. Should go on for decades." Chteau Lafite in Bordeaux. 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. 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. Theres no winemaker at Lafite, but the technical director then was Jean Crt (ex-Loville-Las-Cases). Should go on for decades. Chateau Lafite tastes like a fine wine should taste. This vintage could well go down in history as the most expensive bottle of wine never sold. 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. in 2017, China had in a few short years asserted itself as a wine-buying nation equal to anywhere in Europe or the Americas. Lafites neighbours are Mouton and Cos dEstournel, both robust and flamboyant wines, which makes it strange that Lafite is renowned for an ethereal lightness that does not stand in the way of its ageability. Christies International Head of Wine Tim Triptree MW explains why its so highly sought after. Every year, a different artist is commissioned by the winery. Bloomberg Best features the best stories of the day from Bloomberg Radio, Bloomberg Television, and 120 countries around the world. 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. The wine has a long history dating back to the 18th century, and the name Lafite is synonymous with quality and luxury. The 2008 was a good, but not great, vintage and the scores it had achieved from the all-important wine critics reflected that. So, what makes Lafite wine so expensive? 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. 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. 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. 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. XVAW00000101625, You must be 18 or over, or the legal age in your region to use the services of Cult Wines. The significant role played by bitcoin for businesses! There is a deep seam of black plum and liquorice with some nuances of minerals and earth, but this is deep, dense and savoury. 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Wine investment insights delivered straight into your inbox weekly. Chteau Lafite Rothschild has a rich and fascinating history. 2022 Distillery.Sale All rights reserved. Mixed formats support both near- and long-term drinking. 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. In 1994, Bordeaux was experiencing a sluggish sales period, so chteaux were raiding cellar reserves and selling previous vintages cheaply. 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. [5] Towards the end of the 18th century, Lafite's reputation was assured and even Thomas Jefferson visited the estate and became a lifelong customer. 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. Not only that, but while Hong Kong had its share of wealthy collectors, wine drinking was not yet widespread in mainland China. 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. According to the 1855 Classification of the Bordeaux Grands Crus Class prepared for the Universal Exhibition in Paris, Lafite was officially ranked first. 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 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. It . 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. 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. When Salin joined Lafite as its new director in 1985, he intended to use Lafites reputation to full advantage. But Salin had something up his sleeve that he hoped would give the auction a boost. 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.. Occasionally exceptions are made, such as the 1961 vintage which was 100% Cabernet Sauvignon. Why is lafite so expensive? It was predicted to earn about $666 a bottle, assuming there were buyers. Acidities were fairly low, but the best wines, such as Lafite, had sufficient tannic grip and structure to ensure a long, interesting life. Subscribe to our magazine to stay in the know. Composition: 65% Cabernet Sauvignon, 29% Merlot, 6% Cabernet Franc, Release price: 170 francs per bottle (around 17), which rose on the export market to 225Fr (22.50), Price today: between 47,000 and 54,000 per case (3,915 to 4,500 a bottle) and rising. World Class Wine. Cabernet Sauvignon, Merlot, Cabernet Franc & Petit Verdot. 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. Discover our range of fine wines from around the world. Manage Cookies Accept & Continue. The 1982 vintage was a turning point, after which the quality of Lafite began to become solid. 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. Analysis of the reasons for this may be as follows. Drinks Business Asia edition? Great length and probably a few years off its peak. 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. There is no doubt that this is one of the best Bordeaux wines ever made. Chateau Lafite-Rothschild, 1787 109,300. Because his zodiac sign was Aries, Baron Philippe de Rothschild depicted two rams in his coat of arms. 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. Our wine director takes a more detailed look at his picks from the most recent Bordeaux vintage, appellation by appellation. The bottles had been shipped directly from Lafites own cellars; among them, a bottle of 1869 Lafite, its price estimated at $8,000. Although your wine cellar might be valuable, sharing bottles with friends is priceless. Chteau Lafite Rothschild is undoubtedly one of the worlds most prestigious and collectable wines. Little did he know that the "82 Bordeaux would be released to the public as being slow to ripen and full of potential. The wines were ranked in importance from first to fifth growths (crus), with four first growths listed initially (Mouton Rothschild was added in 1973). Sometimes small imperfections add complexity in a wine. Those 2,000 bottles covered 169 vintages taken from the personal family cellar of Baron ric de Rothschild. Grapes must be planted in well-drained soil, which is rich in fine, deep gravel and aeolian sand. Firstly, there is the 1982 vintage. Wine has a proven track record of returns and resilience in an unstable market. 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. Michael Broadbent rated it highly from the outset, and his subsequent notes remarked on its fragrance and slow evolution. The 1982 vintage is one of the best wines I have had the privilege to taste when it is on song, with impressive concentration of cassis fruit character with the classic cedar and cigar box aromatics, supremely well balanced and the finish went on and on a truly impressive wine! bulk tanker owner operator jobs, allen and roth customer service,