why is 1982 lafite so expensive

We reach the climax of our series on the world's most searched-for wines, but there's a surprising omission. [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. 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. Mobile: +254 798 368 561. 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.. Those 2,000 bottles covered 169 vintages taken from the personal family cellar of Baron ric de Rothschild. Critics have scored this wine 95 points. There have been many notable events at the estate over the last century. [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. 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. We've finally reached the summit of our search for the world's most popular wines. In 2011, he moved forward with planting grapes in Chinas Shandong Province and soon after built a new winery named. The 1982 vintage was a turning point, after which the quality of Lafite began to become solid. The soil is deep gravel on perfectly drained, gently undulating slopes. The best wines, which Lafite is unquestionably in that category also have a freshness and vibrancy to balance the matured bouquet. In 2011, he moved forward with planting grapes in Chinas Shandong Province and soon after built a new winery named Long Dai. Covid has seen a lot of unspent wealth build up and wine is reaping the benefits. 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. Chateau Margaux creeps into the top 10 again with its limited edition 12-litre 2009 vintage. So, now you know why the '82 Lafite is so expensive, right? Offered in The Treasury: Finest Wines from a Peerless Collection on 29 September 2022 at Christies in London. Bottled and stored with producer, excludes shipping and tariffs. Go to shop. Baron Philippe is the first and only person to accomplish this. - 94/100, Tom Cannavan, Standard delivery next day 2010 saw a return to form. Indeed, some criticised the vintage at the time for an almost Napa-like (thus atypical) opulence and predicted a short life for the wines. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Within the five rarefied first growths, Lafite is perhaps the wine with the best reputation for quality and longevity, commanding correspondingly high prices. I have been fortunate to taste Lafite on many occasions. It . When the hammer came down on the extraordinary sale of a bottle of 1869 Chteau Lafite, history was made. [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. 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. 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. Producer. The growing season was idyllic with both budburst and flowering occurring under perfect conditions. Chateau Margaux, 2009 - 122,380. Acidities were fairly low, but the best wines, such as Lafite, had sufficient tannic grip and structure to ensure a long, interesting life. In China the name Lafite has the most extraordinary and unexpected resonance. Amongst these Pauillac wines, Lafite has always held a particular allure. The Anglocentric language of wine is increasingly exclusive to the wider wine world. First, the wine is produced in very limited quantities. More importantly, it was one of only four Bordeaux wineries given the top First Growth rating when the regions wine merchants drew up a. . As a result, the appeal of this Pauillac wine has always been based on Lafite. Take a wild guess. For example, the 2014 vintage is currently selling for around $300 per bottle, while the 2018 vintage is selling for around $450 per bottle. These wines, on the other hand, have a vibrant acidity and a firm tannic structure, allowing them to age gracefully. Its not a blockbuster year but the tannins and the fruit were ripe and we should see wines at the same quality level as 2012 (an underrated year in my book) or perhaps 2014. An auction of some of the region's best wines will raise funds to help Ukrainian victims of Russian aggression. Many people do not know why Lafite '82 is expensive, now I will tell you. Cabernet Sauvignon, Merlot, Cabernet Franc & Petit Verdot. 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. Within the five rarefied first growths, Lafite is perhaps the wine with the best reputation for quality and longevity, commanding correspondingly high prices. It was rated second class after being classified as Deuxime Grand Cru in 1855. Please sign in or create a free account to . With Christmas around the corner, here's this year's best Bordeaux in case you need to stock up. The wine is typically aged for at least 18 months, and sometimes up to 24 months, before it is released. Since then, Parker's reputation has grown, his following has grown, and his influence has grown. The wine producers were classified according to a chteau's reputation and trading price, which, at that time, was directly related to quality. 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. Aile dArgent, at less than $100 per bottle, is more affordable, while Le Petite Mouton costs around $100. Users have rated this wine 4.5 out of 5 stars. There are a few factors that contribute to the high cost of Lafite wine. Great length and probably a few years off its peak. From an investment point of view, the price of a wine is also at its peak when it enters the world's top restaurants for people to enjoy. The price of other Bordeaux wines, Since then, the overall Chinese wine market has become globally significant. 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. GB 129 9514 84 | AWRS No. drinkable). This vintage could well go down in history as the most expensive bottle of wine never sold. $ 3,548.92. The wines were ranked in importance from first to fifth growths (crus), with four first growths listed initially (Mouton Rothschild was added in 1973). When Salin joined Lafite as its new director in 1985, he intended to use Lafites reputation to full advantage. And the owners of Lafite's range of basic Bordeaux generic wines called Lgende sell . And it was our thank you to China for helping us through the years.. Lafite in particular has maintained a youthful character, developing harmony as it ages. 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 There are two seriously beautiful vintages on our hands, and theyre both fantastic. For me, the magic of Bordeaux requires patience, the wines need time to evolve their complex secondary and tertiary characteristics of cedar, leather and tobacco. Chateau Lafite-Rothschild, 1787 . Lafite wine is among the most expensive wines in the world. It's not just an asset, it's an experience. 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. Should go on for decades." 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 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. - London - United Kingdom, Jacob K Javits Convention Center They should be fine 2017 is potentially a very good vintage. A bottle of Lafite Rothschild costs around $500. And he, Robert Parker, a relatively new and little-known American wine critic, staked his life on the credibility of that vintage as one of the best of the 20th century. Estimated to reach $8,000, it sold for $233,972, making it the most expensive 750ml bottle of wine on the planet. 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. Third, Lafite ages its wine for a longer period of time than most other producers. Three bottles of Chteau Lafite-Rothschild 1869 sold for HK$1.8 million each. Nov 22, 2010. 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. Chteau Lafite-Rothschild 2005. 6 bottles per lot. Rothschild, however, died just three months after purchasing Lafite. But what happened that night wasnt just a coup for Lafite. The mystique extends beyond the wine in Beijing, there is a La Fite. 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. And Salin had another plan in motion. A 200-year-old bottle of 1811 Chateau dYquem was sold by The Antique Wine Company in London, to a private collector who now displays the wine in his restaurant in Bali in a bullet-proof, temperature-controlled showcase. Soon after, it was available in the United States at $300 (now $600). 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. Salin had also created a special label for the 2008 vintage. 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. I was blessed to have drunk quite a number of Petrus vintages. The past few years have seen big price hikes for fine wine, but market patience might be wearing thin. There was also plenty of the 2008 vintage on offer, but its fate was less certain. She is the youngest woman leading a Premier Grand Cru Bordeaux estate. Irrespective of whether in bottles or magnums or larger, Lafite should be an important part of your fine wine collection. Registered in England and Wales No. 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. The grapes would have been picked by hand, selected in the vineyard, and brought to the winery for destemming and fermentation in large wooden vats (stainless steel tanks were only installed in 1988). The 1982, considered one of the best vintages of last century, was the most expensive lot fetching $42,350, including a 21 percent commission known as buyers premium. Some of the world's most famous wines. The 1982 vintage for Bordeaux was and still is considered one of the great vintages. 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 Lucky Country has had a rough few years, but change is in the air. Michael Broadbent rated it highly from the outset, and his subsequent notes remarked on its fragrance and slow evolution. That is certainly the case with the 1982 Lafite. In October 2019, the 2017 vintage of Long Dai its first went on sale in Europe. The fight between Chteau Mouton Rothschild and Bordeaux was one of the most significant in modern history. Four good reasons to indulge in cryptocurrency! A case of 1982 Chateau Lafite helped Christie's International raise $819,715 in its first exclusively online wine auction yesterday. It looks like a hill, and Lafite is located on the slope of a hill. Why is the 82 Lafite so expensive? Lafite, derived from the historic language term fite, which means mound or hillock, is said to have been first used in 1234. 03606414. It was predicted to earn about $666 a bottle, assuming there were buyers. In some cases, it will be different depending on the vintage character. Pauillac is a well-regarded a commune and appellation on Bordeaux's Mdoc peninsula. If this first auction day failed, it forecast doom for the chteaux offering their wines on subsequent days. 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. Simply put it, it's just so good! Sold in 2004, this is regarded as one of the most expensive American wines ever sold. The Krug 1928 set a new record in 2009 at Acker Merrall & Condits first ever Hong Kong sale. 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. This would be a historic low, said the ministry 16% lower than the five-year average and worse than 1991, a vintage also hit hard by frost. 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 an easy harvest that saw an early and large crop, and in the vat rooms they say, it smelt of hot fruit jam. 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. Vintages at Chteau Mouton Rothschild are known for their distinct labels. When we discussed the 08, I said, Why dont we do that? Salin recalls. If you disable this cookie, we will not be able to save your preferences. Chateau Lafite Rothschild, 1869 163,000. Talk about opening with a bang! Flat Rate $9.99 Ground Shipping in CA Ship to the whole of the USA. Theres no winemaker at Lafite, but the technical director then was Jean Crt (ex-Loville-Las-Cases). 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. The chteaux take these reactions into account when they come up with the wines release price. Will His AI Plans Be Any Different? Check with the merchant for stock availability. Price. 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. 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. 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. Posted in: 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. This week's news roundup covers all the major themes romance, money and crime. Chteau Lafite-Rothschild 1986. 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). 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. Wine investment insights delivered straight into your inbox weekly. 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! 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why is 1982 lafite so expensive