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. Christoph Salin. Check with the merchant for stock availability. . It has a fruity taste with a hint of oak. 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. It is important to note that the final blend is almost always close to 90% Cabernet Sauvignon. - Dusseldorf - Germany. Although it is less than 1 million a bottle of Kande red wine, I can't bear to drink it when I buy it back. Could there be a changing of the guard among Bordeaux's top producers? 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. In the years 1945 to 1961, the best time to drink Lafite Rothschild wines is from September to November. The wine has a long history dating back to the 18th century, and the name Lafite is synonymous with quality and luxury. 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. Chateau Lafite Rothschild 1982 Cheval Blanc 1982 Petrus 1982. This lengthy aging process adds to the cost of the wine. Within the five rarefied first growths, Lafite is perhaps the wine with the best reputation for quality and longevity, commanding correspondingly high prices. The 20th century has seen periods of success and difficulty, coping with post-phylloxera vines, and two world wars. The soil is deep gravel on perfectly drained, gently undulating slopes. Stores and prices for '1982 Chateau Lafite Rothschild, Pauillac' | tasting notes, market data, prices and stores in Singapore. 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. After peaking in 2011, however, the price of some vintages halved in two years. 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. 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. This rare six-litre bottle of Bordeaux wine was sold to a private collector during a sale at Christies in Geneva. The Pauillac appellation is where the other First Growths Chteau Latour and Chteau Mouton Rothschild are located. Wine-Searcher's historical data and benchmark analysis provides trustworthy and valuable insights into likely market trends. The Lucky Country has had a rough few years, but change is in the air. That is certainly the case with the 1982 Lafite. drinkable). Subscribe to our magazine to stay in the know. 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. answer the question why is 1982 lafite so expensive, which will help you get the most accurate answer. It looks like you're in Asia, would you like to be redirected to the Investing in wine could be your smartest investment yet. The coveted title of most expensive Champagne is constantly on the move, claimed by just two other vintages during the last decade. World Class Wine. takes place, to which wine merchants and journalists are invited to taste the wine while its still in the barrel. A bottle of Lafite can cost upwards of $500, making it one of the most expensive wines on the market. 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. 06350591 | VAT No. 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. So, what makes Lafite wine so expensive? Price starts low and is sold to the highest bidder. Every year, a different artist is commissioned by the winery. Four good reasons to indulge in cryptocurrency! There have been many notable events at the estate over the last century. Limited availability. With his camera, James Molesworth looks at the region known as the Left Bank of France for its prime Cabernet Sauvignon grapes. 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. When we discussed the 08, I said, Why dont we do that? Salin recalls. 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. 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. Take a wild guess. 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. The unusually warm growing season resulted in grapes of perfect ripeness and enormous concentration and richness. [9][10][11][12][13][14] The authenticity of the bottle has been challenged. It is deeply impressive. [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. First, the wine is produced in very limited quantities. There are two seriously beautiful vintages on our hands, and theyre both fantastic. The price of other Bordeaux wines rose as well. Cabernet Sauvignon, Merlot, Cabernet Franc & Petit Verdot. When the 1855 classification was made, Lafite was listed first among the four first growths earning the reputation 'the first among the firsts'. Of course, the influence of cinema is also huge, with a Hong Kong-made film contributing to this legendary story set in China. When the hammer came down on the extraordinary sale of a bottle of 1869 Chteau Lafite, history was made. GB 129 9514 84 | AWRS No. Or youre an unabashed cork dork hunting for that Slovenian stunner you sipped on vacation. Retail Wines to put under the hammer. The winery produces both a white wine, Aile dArgent, and a red wine, Rouge dArgent, in addition to Aile dArgent. - 94/100, Tom Cannavan, Standard delivery next day Vintages at Chteau Mouton Rothschild are known for their distinct labels. The Anglocentric language of wine is increasingly exclusive to the wider wine world. The best Chateau Lafite Rothschild should be aged at least 15 years in a glass. 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. As a result, the appeal of this Pauillac wine has always been based on Lafite. More shipping infoShipping info. With Christmas around the corner, here's this year's best Bordeaux in case you need to stock up. The past few years have seen big price hikes for fine wine, but market patience might be wearing thin. 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). 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. 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. Christian Seely, Bordeauxs director of estates, oversees a portfolio that includes the estates of Pichon-Longueville-Baron, Pibran, Petit-Village, and Suduiraut. Even the best Bordeaux only lasts around 50 years, so why the incredible price tag for this one in 1985? It was exceedingly wet the first half of the year and bone dry for much of the second half. The palate is wonderfully concentrated and sonorous; it seems to extend in a column of dense black fruit. Why is lafite so expensive? The Drop is an online magazine that connects people to wines theyll love. Krftiges Rubingranat, gute Farbtiefe, orangefarbene Reflexe, breiterer Wasserrand. And it was our thank you to China for helping us through the years.. It . Michael Broadbent rated it highly from the outset, and his subsequent notes remarked on its fragrance and slow evolution. Estimated to reach $8,000, it sold for $233,972, making it the most expensive 750ml bottle of wine on the planet. Why is Lafite so expensive? Will there be any dramatic changes at the heart of the wine world? Is it familiar? Within the five rarefied first growths, Lafite is perhaps the wine with the best reputation for quality and longevity, commanding correspondingly high prices. Lafite, derived from the historic language term fite, which means mound or hillock, is said to have been first used in 1234. The wines are then released to wholesalers, who get it at a lower price than everybody else. Stored in bonded warehouse with duty and sales tax suspended. And it was our thank you to China for helping us through the years., But what happened that night wasnt just a coup for Lafite. Chteau Only twelve copies of this doll were made by Mattel. Wine investment insights delivered straight into your inbox weekly. Why is the 82 Lafite so expensive? Go to shop. Baron Eric de Rothschild, the current manager, was already running Lafite in 1982. Hotlines/WhatsApp. 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. Please sign in or create a free account to . 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. 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. No. 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. Fourth, Lafite is one of the most prestigious wine producers in the world. The mood inside the Mandarin Oriental, one of Hong Kongs most luxurious hotels, was anxious. In China, they wanted to drink Lafite with Sprite. Salin remembers. A good Bordeaux from a good year can age for decades because the tannins in the wine act as a natural preservative. The 1982, considered one of the best vintages of last century . Join one of our online webinars to hear from experts on the market. Deep in colour, it has a classic Pauillac nose with intense black fruit mixed with pencil shavings and black truffles. 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). Grapes must be planted in well-drained soil, which is rich in fine, deep gravel and aeolian sand. 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. CA: Los Angeles. Years of use usually result in bottles costing several hundred dollars, and prices rise as they become scarcer. A case of 1982 Chateau Lafite helped Christie's International raise $819,715 in its first exclusively online wine auction yesterday. 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. Because of the magic of Bordeaux, it takes a while to develop the complex secondary and tertiary characteristics of cedar, leather, and tobacco. It is considered by some to be the best wine to come out of Bordeaux. 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. The 1982 vintage was a turning point, after which the quality of Lafite began to become solid. The fight between Chteau Mouton Rothschild and Bordeaux was one of the most significant in modern history. The significant role played by bitcoin for businesses! And it would be a public humiliation for one of the wine worlds premier chteaux. Today the vineyard is 107 hectares, but back then it was about 90ha still larger than any other first growth. Pauillac is a well-regarded a commune and appellation on Bordeaux's Mdoc peninsula. 2 magnums per lot. Salin reached into Lafites caves and pulled out 1,000 cases to sell of the 1982 vintage, arguably the best of the century. The problem was that the Chinese had never bought much at En Primeur, Salin recalled recently. [18], In addition to the first growth, around a third of the wine is released as a second wine under the label Carruades de Lafite. There are a few factors that contribute to the high cost of Lafite wine. Once again, the 1982 Lafite is at its peak (i.e. 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. Our wine director takes a more detailed look at his picks from the most recent Bordeaux vintage, appellation by appellation. Critics have scored this wine 95 points. It was not until 1983 that Charles Chevallier became Lafites deputy technical director; he later became technical manager of not only Lafite but the other properties - Rieussec, Duhart-Milon and Evangile that form part of the group. Christies International Head of Wine Tim Triptree MW explains why its so highly sought after. 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. But Salin had something up his sleeve that he hoped would give the auction a boost. We've finally reached the summit of our search for the world's most popular wines. 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. Registered in England and Wales No. Copyright 2023 Cult Wines Ltd. All Rights Reserved. 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. Each spring after harvest, an event called. If youre looking for a special bottle of wine to splurge on, Lafite is a great option. A bottle of Lafite can cost upwards of $500, making it one of the most expensive wines on the market. Three bottles of Chteau Lafite-Rothschild 1869 sold for HK$1.8 million each. Those 2,000 bottles covered 169 vintages taken from the personal family cellar of Baron ric de Rothschild. 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. [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]. Occasionally exceptions are made, such as the 1961 vintage which was 100% Cabernet Sauvignon. More shipping info. Rather more closed on the nose. in 2017, China had in a few short years asserted itself as a wine-buying nation equal to anywhere in Europe or the Americas. You are wondering about the question why is 1982 lafite so expensive but currently there is no answer, so let kienthuctudonghoa.com summarize and list the top articles with the question. In 1994, Bordeaux was experiencing a sluggish sales period, so chteaux were raiding cellar reserves and selling previous vintages cheaply. 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. 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. Chateau Lafite Rothschild, 1869 163,000. Let us guide you through the process behind investing in fine wine. 1982 Bottle (750ml) 1982 Chateau Lafite Rothschild, 750 ml. Lafite only produces a few thousand cases of wine each year, which drives . Annual production ranges between 15,000 to 20,000 cases, depending on the vintage. Photo courtesy of DBR Lafite. Maybe youre looking for the perfect prosecco to bring to a surprise party. Lafite lies at the northern end of Pauillac. 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.