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. Christian Seely, Bordeauxs director of estates, oversees a portfolio that includes the estates of Pichon-Longueville-Baron, Pibran, Petit-Village, and Suduiraut. In fact, at the beginning, 82 Lafite was a line of a movie, and then gradually evolved into an expression bag. Mobile: +254 798 368 561. In Bordeaux, 2016 was a strange year. Our company is the leading company of still equipment in China, with the strength of providing vodka, gin, run, whisky, brandy making machines. Sometimes small imperfections add complexity in a wine. At the beginning of ageing, the quality of 2017 red wines from vineyards spared by frost are proving to be satisfactory to very good. During the ageing period, the wine would have been regularly racked and then fined before bottling. Chateau Lafite Rothschild is known for its best drinking and should reach its peak maturity between the ages of 15 and 60. 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. 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. 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. There is a deep seam of black plum and liquorice with some nuances of minerals and earth, but this is deep, dense and savoury. Drinks Business Asia edition? 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. Investing in wine could be your smartest investment yet. 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 best aged red wines tend to be Port, cabernet sauvignon, merlot, sangiovese, monastrell, cabernet franc, nebbiolo, malbec, and syrah. Should go on for decades." More importantly, it was one of only four Bordeaux wineries given the top First Growth rating when the regions wine merchants drew up a quality classification in 1855. Rather more closed on the nose. Offered in The Treasury: Finest Wines from a Peerless Collection on 29 September 2022 at Christies in London. Could there be a changing of the guard among Bordeaux's top producers? Chteau Lafite Rothschild is undoubtedly one of the worlds most prestigious and collectable wines. If youre looking for a special bottle of wine to splurge on, Lafite is a great option. 03606414. 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. It was exceedingly wet the first half of the year and bone dry for much of the second half. Great length and probably a few years off its peak. Flight 4 d'Yquem 1975. . The next morning, the price of the 2008 Lafite jumped 20% on the key London markets. It has a fruity taste with a hint of oak. - Dusseldorf - Germany. Yes, take me to the Asia edition Is it familiar? Amazon Pauses Construction on Second Headquarters in Virginia as It Cuts Jobs, Stock Traders Are Ignoring Blaring Bond Alarms, iPhone Maker Plans $700 Million India Plant in Shift From China, Russia Is Getting Around Sanctions to Secure Supply of Key Chips for War. 2020 has ended up being a really good but variable year with wines of outstanding potential for many Bordeaux estates. The estate, which is owned and operated by the family, produces a wide range of wines, including red, white, and ros. So, now you know why the '82 Lafite is so expensive, right? When young, it is really difficult to understand despite being more . Price. It is important to note that the final blend is almost always close to 90% Cabernet Sauvignon. Years of use usually result in bottles costing several hundred dollars, and prices rise as they become scarcer. 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. 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. In 1868 the Chteau was purchased by Baron James Mayer Rothschild for 4.4 million francs, and the estate became Chteau Lafite Rothschild. When Salin joined Lafite as its new director in 1985, he intended to use Lafites reputation to full advantage. Flat Rate $9.99 Ground Shipping in CA Ship to the whole of the USA. For example, the 2014 vintage is currently selling for around $300 per bottle, while the 2018 vintage is selling for around $450 per bottle. Inglenook Cabernet Sauvignon Napa Valley, 1941 17,250. The Krug 1928 set a new record in 2009 at Acker Merrall & Condits first ever Hong Kong sale. The Lucky Country has had a rough few years, but change is in the air. Chateau Lafite tastes like a fine wine should taste. Instead of committing early, the Chinese preferred to wait until nearer the time when the wine was actually ready to ship before jumping in. Bu 1 en 2022 avec J.S.Philippe, un monstre en devenir (99+) ! A look at the Bordeaux vintage that retailers are backing as the best in years. This is not a bad thing, but it is slightly different. Many people do not know why Lafite '82 is expensive, now I will tell you. The significant role played by bitcoin for businesses! Chateau Lafite-Rothschild, 1787 109,300. The grape varieties are Cabernet Sauvignon (70 per cent), Merlot (25 per cent), Cabernet Franc (3 per cent) and Petit Verdot (2 per cent). In the years 1945 to 1961, the best time to drink Lafite Rothschild wines is from September to November. 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. And Salin had another plan in motion. There is no doubt that this is one of the best Bordeaux wines ever made. A bottle of Lafite can cost upwards of $500, making it one of the most expensive wines on the market. I have been fortunate to taste Lafite on many occasions. More importantly, it was one of only four Bordeaux wineries given the top First Growth rating when the regions wine merchants drew up a. . There have been many notable events at the estate over the last century. Since then, it has been a consistent producer of one of the world's most expensive red wines. - 94/100, Tom Cannavan, Standard delivery next day The fresh wine was then aged in new barriques, produced at Lafites own cooperage, for almost two years before bottling. Why is lafite so expensive? [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. 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! Four different kinds of cryptocurrencies you should know. Occasionally exceptions are made, such as the 1961 vintage which was 100% Cabernet Sauvignon. The acidity then rushes in at the very end, causing the wine to become longer. Critics have scored this wine 95 points. Estimate: 3,0004,000. Sold in 2004, this is regarded as one of the most expensive American wines ever sold. The most important thing for Chinese people is their face. Simply put it, it's just so good! Chateau Lafite Rothschild, 1869 163,000. Discover what else your investment offers. In this week's episode, we hear how LaRussell first started gaining traction in his hometown of Vallejo, how he landed appearances on some of the premiere hip-hop radio shows, and why he's turned down offers from every major label in pursuit of building an independent empire. The wines are then released to wholesalers, who get it at a lower price than everybody else. . The grapes are grown in the best vineyards in Bordeaux and are carefully selected to create the perfect blend. 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. It was rated second class after being classified as Deuxime Grand Cru in 1855. This was an headline vintage of outstanding quality throughout Bordeaux, with ripeness levels not seen for many years. drinkable). Three bottles of Chteau Lafite-Rothschild 1869 sold for HK$1.8 million each. 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. Soon after, it was available in the United States at $300 (now $600). 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. A case of 1982 Chateau Lafite helped Christie's International raise $819,715 in its first exclusively online wine auction yesterday. Even the best Bordeaux only lasts around 50 years, so why the incredible price tag for this one in 1985? Long-term drinking is supported by both the short and long-term use of mixed formats. They should be fine 2017 is potentially a very good vintage. [3] Although vines almost certainly already existed on the site, around 1680, Jacques de Sgur planted the majority of the vineyard. 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. I was blessed to have drunk quite a number of Petrus vintages. 12 bottles per lot. [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. Firstly, there is the 1982 vintage. But what happened that night wasn't just a coup for Lafite. I was so happy that day! The fight between Chteau Mouton Rothschild and Bordeaux was one of the most significant in modern history. 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. 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. But Salin had something up his sleeve that he hoped would give the auction a boost. Learn More >, The Drop is an online magazine that connects people to wines theyll love. 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 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 . 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. 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. (2002) Similar colour, but has retained more depth at core. But selection for the grand vin was less stringent than it would become from 1985. Lafite lies at the northern end of Pauillac. If you disable this cookie, we will not be able to save your preferences. Lafite currently has 112 hectares under vine and is planted to 70% Cabernet Sauvignon, 25% Merlot 3% Cabernet Franc and 2% Petit Verdot. The Pauillac appellation is where the other First Growths Chteau Latour and Chteau Mouton Rothschild are located. Annual production ranges between 15,000 to 20,000 cases, depending on the vintage. [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 wine producers were classified according to a chteau's reputation and trading price, which, at that time, was directly related to quality. 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. Covid has seen a lot of unspent wealth build up and wine is reaping the benefits. Its vines are Cabernet Sauvignon, Cabernet Franc and Marselan. 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. This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, More Iranian Schoolgirls Sickened in Suspected Poisoning Wave, No Major Offer Expected on Childcare in UK Budget, Oil Investors Get $128 Billion Handout as Doubts Grow About Fossil Fuels, Climate Change Is Launching a MutantSeed Space Race, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial? Or youre an unabashed cork dork hunting for that Slovenian stunner you sipped on vacation. Lafite was one of five wine-producing chateaus of Bordeaux originally awarded First Growth status in the 1855 Classification. This website uses cookies so that we can provide you with the best user experience possible. It was predicted to earn about $666 a bottle, assuming there were buyers. The perception that nothing much changes in Bordeaux has been shaken by the surprise decision of two top producers. Offered in The Treasury: Finest Wines from a Peerless Collection on 29 September 2022 at Christies in London. 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. Mr. Liu put the price of a bottle of 1982 Lafite at about 60,000 yuan or $9,500 (taxes tend to make wine more expensive in China than in other markets) -- and he clearly expected Maotai to. All of these factors combine to make Lafite wine one of the most expensive wines on the market. But what happened that night wasnt just a coup for Lafite. This week's news roundup covers all the major themes romance, money and crime. Within the five rarefied first growths, Lafite is perhaps the wine with the best reputation for quality and longevity, commanding correspondingly high prices. The winery produces both a white wine, Aile dArgent, and a red wine, Rouge dArgent, in addition to Aile dArgent. Wine has a proven track record of returns and resilience in an unstable market. Estimate: 3,000-4,000. The move helped establish Lafite as a leader in the market. In 1994, Bordeaux was experiencing a sluggish sales period, so chteaux were raiding cellar reserves and selling previous vintages cheaply. CA: Los Angeles. It looks like you're in Asia, would you like to be redirected to the 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. 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. Manage Cookies Accept & Continue. The 1982 vintage for Bordeaux was and still is considered one of the great vintages. When the 1855 classification was made, Lafite was listed first among the four first growths earning the reputation 'the first among the firsts'. 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. The 2008 was a good, but not great, vintage and the scores it had achieved from the all-important wine critics reflected that. The wineries of SLO Wine Country boast an average distance of just five miles from the Pacific Ocean, resulting in prevailing marine conditions that are among the most pronounced of any wine region in California. Discover our range of fine wines from around the world. Because saliva builds up in the mouth all day, it can alter the taste of wine. 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 problem was that the Chinese had never bought much at En Primeur, Salin recalled recently. Will His AI Plans Be Any Different? For completeness we may include critic scores in our aggregation that we do not display. The soil is deep gravel on perfectly drained, gently undulating slopes. 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. Photo courtesy of DBR Lafite. Baron Eric de Rothschild, the current manager, was already running Lafite in 1982. Our story, setting a new standard for fine wine investment. This lengthy aging process adds to the cost of the wine. Photo courtesy of DBR Lafite. It was predicted to earn about $666 a bottle, assuming there were buyers. The 2011 in particular has immense aging potential. Subscribe to our magazine to stay in the know. 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. 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. 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) The purity of fruit here really pushes through to the finish. 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. [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", https://en.wikipedia.org/w/index.php?title=Chteau_Lafite_Rothschild&oldid=1140398124, This page was last edited on 19 February 2023, at 22:59. Will there be any dramatic changes at the heart of the wine world? [2] In 1797 the vineyards were sold to a group of Dutch merchants.[5]. 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. This beverage is very sleek, full of black tea, currant, and crushed fig fruit, as well as subtle smoke, incense, and tar. And it would be a public humiliation for one of the wine worlds premier chteaux. Returns are calculated in GBP and results may vary depending on exchange rates. Lafite wine is among the most expensive wines in the world. It might say Bordeaux in the name, but this isn't some celebration of French wine dominance. The 1982 vintage was a turning point, after which the quality of Lafite began to become solid. Posted in: Lafite in particular has maintained a youthful character, developing harmony as it ages. Cask tastings revealed a vintage of almost Port-like richness and weight. [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]. Indeed, some criticised the vintage at the time for an almost Napa-like (thus atypical) opulence and predicted a short life for the wines. Copyright 2023 Cult Wines Ltd. All Rights Reserved. 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. There are two seriously beautiful vintages on our hands, and theyre both fantastic. To stimulate interest, Salin had pulled out all the stops. The unusually warm growing season resulted in grapes of perfect ripeness and enormous concentration and richness. 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. More shipping infoShipping info, Please allow 20 days for delivery in US. GB 129 9514 84 | AWRS No. articles a month for anyone to read, even non-subscribers! Lafite is blessed with a fantastic terroir near to the Gironde estuary in the northern part of Pauillac, close to the border with St-Estphe. 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 harvest began early, on 16 September. Once again, the 1982 Lafite is at its peak (i.e. Let us guide you through the process behind investing in fine wine. A year after he took over the management in 1974, he hired Professor Emile Peynaud as consultant. Maybe youre looking for the perfect prosecco to bring to a surprise party. The Japanese specialty has burst free of its traditional market and is getting consumers very thirsty indeed. 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. The coveted title of most expensive Champagne is constantly on the move, claimed by just two other vintages during the last decade. 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.. Although it eventually cooled after reaching. It simply oozes class. Bloomberg Best features the best stories of the day from Bloomberg Radio, Bloomberg Television, and 120 countries around the world. Krftiges Rubingranat, gute Farbtiefe, orangefarbene Reflexe, breiterer Wasserrand. 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. Why is Lafite so expensive? Since then, Parker's reputation has grown, his following has grown, and his influence has grown. Pauillac is a well-regardeda commune and appellation on Bordeaux's Mdoc peninsula. The 1982 Chteau Lafite-Rothschild, from magnum, is a bit rough around the edges, but still striking in its beauty. 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. The night had turned into a bidding frenzy, with price after price shattered. Serious collectors dont deal in small fry, but are their chequebooks up to the cash demands of the most expensive wines in the world? 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. 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. More shipping infoShipping info. 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 have a vibrant acidity and a firm tannic structure which enables the wines to age gracefully over many decades in the successful vintages. 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. In addition to being one of the first growth wines from Bordeaux, it is one of the most expensive.