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. Not only that, but while Hong Kong had its share of wealthy collectors, wine drinking was not yet widespread in mainland China. 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. When we discussed the 08, I said, Why dont we do that? Salin recalls. In France, Lafite became known as the King's wine, after being introduced to the Court at Versailles by Marchal Richelieu. Bordeaux are known for their age-ability. Long-term drinking is supported by both the short and long-term use of mixed formats. Acidities were fairly low, but the best wines, such as Lafite, had sufficient tannic grip and structure to ensure a long, interesting life. 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. The first half of the 19th century saw Lafite in the hands of the Vanlerberghe family and the wine improved more, including the great vintages of 1795, 1798 and 1818. Asia House The vintage 1869 bottles -- sold in a single lot -- went for multiples more than expected . Rothschild, however, died just three months after purchasing Lafite. The Premier Cru ponzi scheme has left thousands out of pocket, but there may be a glimmer of hope. 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. Before long he was known as the "Wine Prince", and the wine of Chteau Lafite called "The King's Wine" thanks to the influential support of the Marchal de Richelieu. When young, it is really difficult to understand despite being more . Christoph Salin. Why is Petrus so expensive apart from the common logic of supply and demand? When the 1855 classification was made, Lafite was listed first among the four first growths earning the reputation 'the first among the firsts'. Amid China's Boom, Fake Wines Proliferate - The New York Times 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. 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. Amongst these Pauillac wines, Lafite has always held a particular allure. Baron Eric de Rothschild, the current manager, was already running Lafite in 1982. Photo courtesy of DBR Lafite. 1982 Chateau Lafite Rothschild Pauillac, France, Chateau Lafite Rothschild Pauillac, France. Learn More >, The Drop is an online magazine that connects people to wines theyll love. Subscribe to our magazine to stay in the know. Some estates overcropped as the yield was generous, but dilution was rare. The Krug 1928 set a new record in 2009 at Acker Merrall & Condits first ever Hong Kong sale. This particular bottle had the initial Th.J etched into it the markings of enthusiastic oenophile Thomas Jefferson. Manage Cookies Accept & Continue. Lafite only produces a few thousand cases of wine each year, which drives up the price. It is considered by some to be the best wine to come out of Bordeaux. Sometimes small imperfections add complexity in a wine. The 1982 vintage was a turning point, after which the quality of Lafite began to become solid. - Dusseldorf - Germany. It has a fruity taste with a hint of oak. to put under the hammer. The style of wines proved a terrific shot in the arm for claret, especially on the US market. Instead of committing early, the Chinese preferred to wait until nearer the time when the wine was actually ready to ship before jumping in. It was exceedingly wet the first half of the year and bone dry for much of the second half. Rather more closed on the nose. The wine is typically aged for at least 18 months, and sometimes up to 24 months, before it is released. It's not just an asset, it's an experience. 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. More shipping infoShipping info, Guaranteed provenance The best wines, which Lafite is unquestionably in that category also have a freshness and vibrancy to balance the matured bouquet. Chteau Lafite Rothschild has a rich and fascinating history. Well, youd hardly keep it under the stairs, would you? For completeness we may include critic scores in our aggregation that we do not display. Brand 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. 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. If youre looking for a special bottle of wine to splurge on, Lafite is a great option. 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. A case of 1982 Chateau Lafite helped Christie's International raise $819,715 in its first exclusively online wine auction yesterday. It is considered by some to be the best wine to come out of Bordeaux. 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. Because saliva builds up in the mouth all day, it can alter the taste of wine. 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. It . The night had turned into a bidding frenzy, with price after price shattered. Privacy Policy, The Treasury: Finest Wines from a Peerless Collection. 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. Lafite lies at the northern end of Pauillac. The designations remain in force today, putting Lafite at the pinnacle of Bordeaux. It became the most expensive wine ever sold when the hammer went down at the final price of $233,972. Phone: +254 727 612 142. She is the youngest woman leading a Premier Grand Cru Bordeaux estate. In China, they wanted to drink Lafite with Sprite. Salin remembers. The Anglocentric language of wine is increasingly exclusive to the wider wine world. Maybe youre looking for the perfect prosecco to bring to a surprise party. But what happened that night wasn't just a coup for Lafite. The price of other Bordeaux wines rose as well. The problem was that the Chinese had never bought much at En Primeur, Salin recalled recently. Regardless of whether the Lafite is in a bottle or a magnum, it should be included in your fine wine collection. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. - London - United Kingdom, Jacob K Javits Convention Center Offered in The Treasury: Finest Wines from a Peerless Collection on 29 September 2022 at Christies in London. 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. It looks like a hill, and Lafite is located on the slope of a hill. A nearly two-century-old bottle of Chateau Lafite, believed to have been part of an order set aside for Thomas Jefferson, commanded $156,450 today at an auction here. [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. 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. In-stock and available for sale at the price shown. For example, the 2014 vintage is currently selling for around $300 per bottle, while the 2018 vintage is selling for around $450 per bottle. Second, the grapes used to make Lafite wine are of the highest quality. When the hammer came down on the extraordinary sale of a bottle of 1869 Chteau Lafite, history was made. When we discussed the 08, I said, Why dont we do that? Salin recalls. 2022 Distillery.Sale All rights reserved. The fresh wine was then aged in new barriques, produced at Lafites own cooperage, for almost two years before bottling. Chteau Lafite-Rothschild 2000. A bottle of Lafite can cost upwards of $500, making it one of the most expensive wines on the market. From Barolo to Bordeaux, these wines are steeped in tradition. 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 soil is deep gravel on perfectly drained, gently undulating slopes. The vines are planted in well-drained soil made up of fine, deep gravel, mixed with aeolian sand on a subsoil of tertiary limestone. 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. Investing in wine could be your smartest investment yet. 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. Pauillac is a well-regardeda commune and appellation on Bordeaux's Mdoc peninsula. Check with the merchant for stock availability. Ritchie took his place and the bidding began. [17] In 2019, the estate debuted its first vintage from its Domaine de Long Dai winery in Shandong. Will there be any dramatic changes at the heart of the wine world? This rare six-litre bottle of Bordeaux wine was sold to a private collector during a sale at Christies in Geneva. Chteau Lafite-Rothschild 2005. why is 1982 lafite so expensive. The tannins are well balanced and the finish is smooth. Critics have scored this wine 95 points. Over time, the tannins loose a lot of the fight in them as the remain in an anaerobic environment, and mellow. The 20th century has seen periods of success and difficulty, coping with post-phylloxera vines, and two world wars. It is deeply impressive. Every year, a different artist is commissioned by the winery. The best Chateau Lafite Rothschild should be aged at least 15 years in a glass. So, now you know why the '82 Lafite is so expensive, right? The 1982 Chteau Lafite-Rothschild, from magnum, is a bit rough around the edges, but still striking in its beauty. Returns are calculated in GBP and results may vary depending on exchange rates. Robert Parker said the wine reveals considerable tannin as well as amazing, atypical power and concentration for Lafite, and rated it 100. Half of those cases went to China. The palate is wonderfully concentrated and sonorous; it seems to extend in a column of dense black fruit. There is no doubt that this is one of the best Bordeaux wines ever made. 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. The wine has a long history dating back to the 18th century, and the name Lafite is synonymous with quality and luxury. "There was a big round of applause, some cheers, and a little bit of shock and amazement," recalled Robert . Why has it managed to have such a high popularity in the country? 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. 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. 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). And Salin had another plan in motion. We've finally reached the summit of our search for the world's most popular wines. If you continue to use this site we will assume that you are happy with it. In the years 1945 to 1961, the best time to drink Lafite Rothschild wines is from September to November. 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. 2 magnums per lot. 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 Mouton Rothschild was promoted to the Premier Grand Cru Class after a long campaign for promotion in 1973. 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. Wine Legend: Chteau Lafite-Rothschild 1982 - Decanter And Salin had another plan in motion. For power there are other chteaux, but for elegance and finesse, then Lafite should be your wine. Estimate: 3,0004,000. Balancing Leisure and Learning: A Students Guide to Watching TV and Sipping Wine, Unforgettable Weddings In The Napa Valley: Celebrating Love In A Vineyard, Experience History And Award-Winning Wines At Renault Winery In Egg Harbor City NJ, Uncovering The History Of Ovid Winery: From Founding Winemaker Mark Herold To The Herold Family Today, Exploring The Winery And Beyond: A Quick 4-Mile Drive From Andaz Napa To The Francis Ford Coppola Winery, Experience The Best Of Napa Valley At Newton Winery, Exploring The Perfect Pairing: White Wine And Roasted Duck, Enjoying White Wine Responsibly: Understanding Calories And Nutritional Value. Because of the magic of Bordeaux, it takes a while to develop the complex secondary and tertiary characteristics of cedar, leather, and tobacco. The move helped establish Lafite as a leader in the market. 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. 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) It looks like you're in Asia, would you like to be redirected to the 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. So, what makes Lafite wine so expensive? China's Vintage Alco Pop? Explaining Maotai's Price Spiral - WSJ The 1982 vintage for Bordeaux was and still is considered one of the great vintages. Chateau Lafite is considered an expensive wine, but its price point varies depending on the vintage. The history of Chteau Lafite Rothschild is rich and fascinating. More shipping infoShipping info. Led by media professionals, The Drop is an entity in its own right, free of commercial interference of any kind. Hassle-free and easy, our plans and fees are simple and transparent. With Christmas around the corner, here's this year's best Bordeaux in case you need to stock up. The Lafite Rothschild vineyards in the Bordeaux region of France produce a wide range of red, white, and ros wines. Past performance is not indicative of future results. Producer. Vintages at Chteau Mouton Rothschild are known for their distinct labels. Copyright 2023 Cult Wines Ltd. All Rights Reserved. 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 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. The fight between Chteau Mouton Rothschild and Bordeaux was one of the most significant in modern history. Michael Broadbent rated it highly from the outset, and his subsequent notes remarked on its fragrance and slow evolution. The Wine and Spirits Wholesalers of America have claimed teenagers are buying wine online. The estate, which is owned and operated by the family, produces a wide range of wines, including red, white, and ros. Lafite wine is among the most expensive wines in the world. Theres no winemaker at Lafite, but the technical director then was Jean Crt (ex-Loville-Las-Cases). The recent story about the world's most Googled beer doesn't appear to add up. 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. 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 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. 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. It is important to note that the final blend is almost always close to 90% Cabernet Sauvignon. In Bordeaux, as almost anywhere else in the world of fine wine, wines get more expensive as they get older, and that effect accelerates the older the wine becomes. World's Most Expensive Wines - Forbes Retail Wines 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. World Class Wine. 06350591 | VAT No. . After peaking in 2011, however, the price of some vintages halved in two years. Why is Lafite so expensive? Grand Tasting of 1982 - Fine Wines SG In the white corner by which one generally means Sauternes the best vintages years are 2015, 2014, 2011 and 2009. 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 2008 was a good, but not great, vintage and the scores it had achieved from the all-important wine critics reflected 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. Three bottles of Chteau Lafite-Rothschild 1869 sold for HK$1.8 million each. 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.
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