Offered in The Treasury: Finest Wines from a Peerless Collection on 29 September 2022 at Christies in London. There is a deep seam of black plum and liquorice with some nuances of minerals and earth, but this is deep, dense and savoury. Price. Duhart-Milon, a separate estate in the Lafite portfolio, is located just west of Lafite. In 1868 the Chteau was purchased by Baron James Mayer Rothschild for 4.4 million francs, and the estate became Chteau Lafite Rothschild. The night had turned into a bidding frenzy, with price after price shattered. The coveted title of most expensive Champagne is constantly on the move, claimed by just two other vintages during the last decade. Years of use usually result in bottles costing several hundred dollars, and prices rise as they become scarcer. [7][8], At the 5 December 1985 Christie's auction, a new record price of approximately US$156,000 was paid for a bottle of wine a 1787 Chteau Lafite which was thought to be owned by Thomas Jefferson. A single night in Hong Kong in 2010 proved a turning point in the history of wine. Chateau Lafite Rothschild is known for its best drinking and should reach its peak maturity between the ages of 15 and 60. [3] Although vines almost certainly already existed on the site, around 1680, Jacques de Sgur planted the majority of the vineyard. The estate then became the joint property of his three sons: Alphonse, Gustave and Edmond Rothschild. 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. More shipping infoShipping info. A case of 1982 Chateau Lafite helped Christies International raise $819,715 in its first exclusively online wine auction yesterday. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Go to shop. Chateau Lafite-Rothschild, 1787 . to put under the hammer. The Wine and Spirits Wholesalers of America have claimed teenagers are buying wine online. Because his zodiac sign was Aries, Baron Philippe de Rothschild depicted two rams in his coat of arms. 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. Let us guide you through the process behind investing in fine wine. And Salin had another plan in motion. 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? Looking at the wine retail shelves raises one question: where's the Bordeaux? XVAW00000101625, You must be 18 or over, or the legal age in your region to use the services of Cult Wines. Chateau Lafite Rothschild, 1869 163,000. 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. ! She is the youngest woman leading a Premier Grand Cru Bordeaux estate. 2 magnums per lot. The Lucky Country has had a rough few years, but change is in the air. Learn More >, The Drop is an online magazine that connects people to wines theyll love. 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. 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. Our story, setting a new standard for fine wine investment. 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. Great length and probably a few years off its peak. Lafite "is such a generic brand in China that it has widespread appeal as a name and as a status symbol," Mr. Boyce said. It was predicted to earn about $666 a bottle, assuming there were buyers. Cask tastings revealed a vintage of almost Port-like richness and weight. The mystique extends beyond the wine in Beijing, there is a La Fite. The 1982, considered one of the best vintages of last century . It simply oozes class. 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 . There was also plenty of the 2008 vintage on offer, but its fate was less certain. 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. Slightly high-toned, highly nuanced nose of currant, roasted meat, cedar, marzipan, smoke . Is Chateau Lafite an expensive wine? 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. Merlot has become more prominent in recent vintages, as has a more traditional approach by Salin and Chevalier. Maybe youre looking for the perfect prosecco to bring to a surprise party. 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. If this first auction day failed, it forecast doom for the chteaux offering their wines on subsequent days. - 94/100, Tom Cannavan, Standard delivery next day Will His AI Plans Be Any Different? Wine investment insights delivered straight into your inbox weekly. Aile dArgent, at less than $100 per bottle, is more affordable, while Le Petite Mouton costs around $100. Since then, it has been a consistent producer of one of the world's most expensive red wines. 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. Within the five rarefied first growths, Lafite is perhaps the wine with the best reputation for quality and longevity, commanding correspondingly high prices. The acidity then rushes in at the very end, causing the wine to become longer. What we do is different. Wine Lists. Hassle-free and easy, our plans and fees are simple and transparent. Find out more about the people who make it work. The Lafite Rothschild vineyards in the Bordeaux region of France produce a wide range of red, white, and ros wines. It is undoubtedly one of the very best wines to come out of Bordeaux. Of course, the influence of cinema is also huge, with a Hong Kong-made film contributing to this legendary story set in China. The palate is wonderfully concentrated and sonorous; it seems to extend in a column of dense black fruit. There have been many notable events at the estate over the last century. Within the five rarefied first growths, Lafite is perhaps the wine with the best reputation for quality and longevity, commanding correspondingly high prices. Chteau Lafite Rothschild is undoubtedly one of the worlds most prestigious and collectable wines. When we discussed the 08, I said, Why dont we do that? Salin recalls. Three bottles of Chteau Lafite-Rothschild 1869 sold for HK$1.8 million each. 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). Each spring after harvest, an event called En Primeur takes place, to which wine merchants and journalists are invited to taste the wine while its still in the barrel. Discover how your secure fine wine investment is stored. When young, it is really difficult to understand despite being more . Once again, the 1982 Lafite is at its peak (i.e. 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. Serious collectors dont deal in small fry, but are their chequebooks up to the cash demands of the most expensive wines in the world? drinkable). 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. When Salin joined Lafite as its new director in 1985, he intended to use Lafites reputation to full advantage. 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. Michael Broadbent rated it highly from the outset, and his subsequent notes remarked on its fragrance and slow evolution. 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. When the 1855 classification was made, Lafite was listed first among the four first growths earning the reputation 'the first among the firsts'. First, the wine is produced in very limited quantities. 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. Should go on for decades." 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. Estimate: 3,000-4,000. The 1982 vintage was a turning point, after which the quality of Lafite began to become solid. Bottled and stored with producer, excludes shipping and tariffs. Pauillac has a fantastic terroir near the Gironde estuary, so a Lafite from this region is ideal. 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! 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. 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. The palate is wonderfully concentrated and sonorous; it seems to extend in a column of dense black fruit. Could there be a changing of the guard among Bordeaux's top producers? 06350591 | VAT No. 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. Lafite only produces a few thousand cases of wine each year, which drives . The 2008 was a good, but not great, vintage and the scores it had achieved from the all-important wine critics reflected that. Flight 4 d'Yquem 1975. . Mixed formats support both near- and long-term drinking. 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. Lafite is approachable in youth with a beautiful fragrant fruit character, however it will be fascinating to taste their younger vintages, such as 2009, 2010, 2015 and 2016 when they are fully matured. Chteau Lafite-Rothschild 2000. Musk Made a Mess at Twitter. Vintages at Chteau Mouton Rothschild are known for their distinct labels. 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. The Pauillac appellation is where the other First Growths Chteau Latour and Chteau Mouton Rothschild are located. It looks like you're in Asia, would you like to be redirected to the Past performance is not indicative of future results. Producer. 2020 has ended up being a really good but variable year with wines of outstanding potential for many Bordeaux estates. Ritchie took his place and the bidding began. There are two seriously beautiful vintages on our hands, and theyre both fantastic. The Krug 1928 set a new record in 2009 at Acker Merrall & Condits first ever Hong Kong sale. Found to be the most expensive wine in the world on the market currently, Henri Jayers Richebourg Cru taking top spot has surprised oenophiles everywhere, with many assuming a Romanee-Conti would take poll position. A bottle of Lafite Rothschild costs around $500. The past few years have seen big price hikes for fine wine, but market patience might be wearing thin. But what happened that night wasnt just a coup for Lafite. Pauillac is a well-regarded a commune and appellation on Bordeaux's Mdoc peninsula. The problem was that the Chinese had never bought much at En Primeur, Salin recalled recently. The growing season was idyllic with both budburst and flowering occurring under perfect conditions. If you disable this cookie, we will not be able to save your preferences. Why is Lafite so expensive? With Christmas around the corner, here's this year's best Bordeaux in case you need to stock up. The mood inside the Mandarin Oriental, one of Hong Kongs most luxurious hotels, was anxious. Critics have scored this wine 95 points. Chteau Lafite Rothschild in Pauillac, France, Get the best stories from Christies.com in a weekly email, *We will never sell or rent your information. [9][10][11][12][13][14] The authenticity of the bottle has been challenged. To stimulate interest, Salin had pulled out all the stops. A bottle of 1869 Lafite had an estimated price of $8,000. Winemaking practices have changed little at Lafite. Instead of committing early, the Chinese preferred to wait until nearer the time when the wine was actually ready to ship before jumping in. Every year, a different artist is commissioned by the winery. Copyright 2023 Cult Wines Ltd. All Rights Reserved. No. 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. 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. As a result, the appeal of this Pauillac wine has always been based on Lafite. As our search for the world's most popular wines nears its end, we visit one of the great regions. 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. For this chart, Im including just 750 ml bottles (the standard) of red wine produced since 1950. 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. French wine production from the 2017 harvest will fall to historic lows due to damage from spring frosts, officials have estimated. In China the name Lafite has the most extraordinary and unexpected resonance. Registered in England and Wales No. Stored in bonded warehouse with duty and sales tax suspended. Rather more closed on the nose. Good luck getting hold of a bottle, though, the vintage is available in maddeningly small quantities. Little did he know that the "82 Bordeaux would be released to the public as being slow to ripen and full of potential. Christian Seely, Bordeauxs director of estates, oversees a portfolio that includes the estates of Pichon-Longueville-Baron, Pibran, Petit-Village, and Suduiraut. (2002) Similar colour, but has retained more depth at core. This particular bottle had the initial Th.J etched into it the markings of enthusiastic oenophile Thomas Jefferson. The fight between Chteau Mouton Rothschild and Bordeaux was one of the most significant in modern history. Discover what else your investment offers. The debonair Baron Eric is serious about his wines. 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. 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. Our company is the leading company of still equipment in China, with the strength of providing vodka, gin, run, whisky, brandy making machines. Limited availability. The 2011 in particular has immense aging potential. Lafite wine is among the most expensive wines in the world. Returns are calculated in GBP and results may vary depending on exchange rates. Mobile: +254 798 368 561. Check with the merchant for stock availability. Critic tasting note: "(2002) Similar colour, but has retained more depth at core. 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. We use cookies to ensure that we give you the best experience on our website. Baron Eric de Rothschild, the current manager, was already running Lafite in 1982. The unusually warm growing season resulted in grapes of perfect ripeness and enormous concentration and richness. For completeness we may include critic scores in our aggregation that we do not display. According to the 1855 Classification of the Bordeaux Grands Crus Class prepared for the Universal Exhibition in Paris, Lafite was officially ranked first. This rare six-litre bottle of Bordeaux wine was sold to a private collector during a sale at Christies in Geneva. 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. Within the five rarefied first growths, Lafite is perhaps the wine with the best reputation for quality and longevity, commanding correspondingly high prices. Theres no winemaker at Lafite, but the technical director then was Jean Crt (ex-Loville-Las-Cases). 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. 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. Within the five rarefied first growths, Lafite is perhaps the wine with the best reputation for quality and longevity, commanding correspondingly high prices. 03606414. Its vines are Cabernet Sauvignon, Cabernet Franc and Marselan. Within the five rarefied first growths, Lafite is perhaps the wine with the best reputation for quality and longevity, commanding correspondingly high prices. In addition to the first growth, around a third of the wine is released as a second wine under the label Carruades de Lafite. A bottle of Lafite can cost upwards of $500, making it one of the most expensive wines on the market. But Salin had something up his sleeve that he hoped would give the auction a boost. 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. 1982 Chateau Lafite Rothschild Pauillac, France, Chateau Lafite Rothschild Pauillac, France. why is 1982 lafite so expensive. The tannins are well balanced and the finish is smooth. Chteau Lafite-Rothschild 2005. And the owners of Lafite's range of basic Bordeaux generic wines called Lgende sell . Posted in: Lafite only produces a few thousand cases of wine each year, which drives up the price. The Japanese specialty has burst free of its traditional market and is getting consumers very thirsty indeed.
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