why is 1982 lafite so expensive

1982 Lafite-Rothschild, Pauillac (1.5L) - SKU 998155 - K&L Wines Returns are calculated in GBP and results may vary depending on exchange rates. Hassle-free and easy, our plans and fees are simple and transparent. Why is everything so expensive? A quick look at what 1982-level It . - London - United Kingdom, Jacob K Javits Convention Center 1982 Lafite Rothschild, Pauillac (high-mid shoulder fill, nicked label 6 bottles per lot. Estimate: 3,000-4,000. Why collectors love Chteau Lafite Rothschild wine | Christie's The 1982, considered one of the best vintages of last century . Should go on for decades." 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Wine Investment, Tagged: This means that every time you visit this website you will need to enable or disable cookies again. The harvest began early, on 16 September. The purity of fruit here really pushes through to the finish. The cellarmaster in 1982 was Robert Revelle, who succeeded his father Georges. Some estates overcropped as the yield was generous, but dilution was rare. 2020 has ended up being a really good but variable year with wines of outstanding potential for many Bordeaux estates. 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. I have been fortunate to taste Lafite on many occasions. Although your wine cellar might be valuable, sharing bottles with friends is priceless. [17] In 2019, the estate debuted its first vintage from its Domaine de Long Dai winery in Shandong. Mobile: +254 798 368 561. China's Vintage Alco Pop? Explaining Maotai's Price Spiral - WSJ Should go on for decades. 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. Merlot has become more prominent in recent vintages, as has a more traditional approach by Salin and Chevalier. In France, Lafite became known as the King's wine, after being introduced to the Court at Versailles by Marchal Richelieu. Even the best Bordeaux only lasts around 50 years, so why the incredible price tag for this one in 1985? 1982 Bottle (750ml) 1982 Chateau Lafite Rothschild, 750 ml. Price. 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. Please sign in or create a free account to . Chteau Mouton Rothschild was promoted to the Premier Grand Cru Class after a long campaign for promotion in 1973. The wines are then released to wholesalers, who get it at a lower price than everybody else. There was also plenty of the 2008 vintage on offer, but its fate was less certain. $ 3,548.92. (2002) Similar colour, but has retained more depth at core. It is considered by some to be the best wine to come out of Bordeaux. When the 1855 classification was made, Lafite was listed first among the four first growths earning the reputation 'the first among the firsts'. The 1982 Lafite-Rothschild is a wine I have drunk several times, though maybe this is the first time in magnum. The Japanese specialty has burst free of its traditional market and is getting consumers very thirsty indeed. 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. Our wine director takes a more detailed look at his picks from the most recent Bordeaux vintage, appellation by appellation. Its vines are Cabernet Sauvignon, Cabernet Franc and Marselan. 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. drinkable). The significant role played by bitcoin for businesses! 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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. 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. Lafite in particular has maintained a youthful character, developing harmony as it ages. A good Bordeaux from a good year can age for decades because the tannins in the wine act as a natural preservative. Baron Eric de Rothschild, the current manager, was already running Lafite in 1982. Indeed, some criticised the vintage at the time for an almost Napa-like (thus atypical) opulence and predicted a short life for the wines. A bottle of 1869 Lafite had an estimated price of $8,000. When the hammer came down on the extraordinary sale of a bottle of 1869 Chteau Lafite, history was made. 6 bottles per lot. Unfinished and not yet bottled. Chateau Lafite Rothschild 1982 Cheval Blanc 1982 Petrus 1982. Since then, it has been a consistent producer of one of the world's most expensive red wines. Posted in: Producer. The chteaux take these reactions into account when they come up with the wines release price. Investing in wine could be your smartest investment yet. It might say Bordeaux in the name, but this isn't some celebration of French wine dominance. With Christmas around the corner, here's this year's best Bordeaux in case you need to stock up. More importantly, Chinese consumption caused Bordeaux prices to rise so high, that it priced many of its traditional British and American fans out of the market. 1982 Chateau Lafite Rothschild - Wine-Searcher They should be fine 2017 is potentially a very good vintage. Chteau Lafite Rothschild is undoubtedly one of the worlds most prestigious and collectable wines. 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 was predicted to earn about $666 a bottle, assuming there were buyers. At the beginning of ageing, the quality of 2017 red wines from vineyards spared by frost are proving to be satisfactory to very good. Long-term drinking is supported by both the short and long-term use of mixed formats. 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. Chteau Lafite Rothschild is one of the most expensive wines in the world, with prices ranging from $911 per 750 ml bottle to $1,699 per 750 ml bottle. Price. A year after he took over the management in 1974, he hired Professor Emile Peynaud as consultant. Users have rated this wine 4.5 out of 5 stars. Californias Best-Kept Wine Secret: Santa Cruz Mountains, The Bottles That Shaped Tony Parkers Love of Wine, Heavy Metal Fans Drink Muscadet and You Should Too, Get to Know Portugals Stunning White Wines. And Salin had another plan in motion. Most often asked questions related to bitcoin! Lafite only produces a few thousand cases of wine each year, which drives up the price. 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. And it would be a public humiliation for one of the wine worlds premier chteaux. Lafite "is such a generic brand in China that it has widespread appeal as a name and as a status symbol," Mr. Boyce said. Take a wild guess. 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. Then it indirectly helped to advertise Lafite '82. 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. Grapes must be planted in well-drained soil, which is rich in fine, deep gravel and aeolian sand. 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. Chateau Lafite-Rothschild, 1787 . Within the five rarefied first growths, Lafite is perhaps the wine with the best reputation for quality and longevity, commanding correspondingly high prices. Wine-Searcher's historical data and benchmark analysis provides trustworthy and valuable insights into likely market trends. Those 2,000 bottles covered 169 vintages taken from the personal family cellar of Baron ric de Rothschild. ! The wine is without a doubt one of the best Bordeaux wines to come out. 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. But Salin had something up his sleeve that he hoped would give the auction a boost. The night had turned into a bidding frenzy, with price after price shattered. The debonair Baron Eric is serious about his wines. 12 bottles per lot. to put under the hammer. 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. We use cookies to ensure that we give you the best experience on our website. 1982 Chateau Lafite Rothschild Pauillac, France, Chateau Lafite Rothschild Pauillac, France. . 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. There is a deep seam of black plum and liquorice with some nuances of minerals and earth, but this is deep, dense and savoury. 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. For completeness we may include critic scores in our aggregation that we do not display. 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. During the ageing period, the wine would have been regularly racked and then fined before bottling. How Chteau Lafite Changed the World of Wine - Pix The Drop is an online magazine that connects people to wines theyll love. 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. Will there be any dramatic changes at the heart of the wine world? A look at the Bordeaux vintage that retailers are backing as the best in years. [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. The coveted title of most expensive Champagne is constantly on the move, claimed by just two other vintages during the last decade. 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. Aile dArgent, at less than $100 per bottle, is more affordable, while Le Petite Mouton costs around $100. 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 Copyright 2023 Cult Wines Ltd. All Rights Reserved. XVAW00000101625, You must be 18 or over, or the legal age in your region to use the services of Cult Wines. The Lucky Country has had a rough few years, but change is in the air. From Barolo to Bordeaux, these wines are steeped in tradition. The most important thing for Chinese people is their face. in 2017, China had in a few short years asserted itself as a wine-buying nation equal to anywhere in Europe or the Americas. On this, the first day of the auction, Ritchie had 2,000 bottles of Chteau Lafite Rothschild to put under the hammer. 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. Subscribe to our magazine to stay in the know. 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. This bottle was a Bordeaux, a 1787 Chateau Lafite, and, according to The Guinness Book of World Records, 18 years later it still is the world's most expensive bottle of wine.Its great age alone . Little did he know that the "82 Bordeaux would be released to the public as being slow to ripen and full of potential. 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). 1982 Chateau Lafite Rothschild - Wine-Searcher For this chart, Im including just 750 ml bottles (the standard) of red wine produced since 1950. Generally speaking, Lafite takes about 25 years to blossom in a strong vintage; the 1999, from a less powerful year, is just starting to develop secondary nuances, the herbal and savory notes that . Christies International Head of Wine Tim Triptree MW explains why its so highly sought after. Cask tastings revealed a vintage of almost Port-like richness and weight. Every year, a different artist is commissioned by the winery. The bottles had been shipped directly from Lafites own cellars; among them, a bottle of 1869 Lafite, its price estimated at $8,000. why is 1982 lafite so expensive - challengeairsea.net Salin had also created a special label for the 2008 vintage. Inglenook Cabernet Sauvignon Napa Valley, 1941 17,250. In der Nase feines florales Bukett, nach Herzkirschen, zart nach Orangenzesten, Lakritze und Brombeeren klingen an, floral nach Lilien, ein Hauch von Zedernholz, Steinpilzen und Schokolade. The acidity then rushes in at the very end, causing the wine to become longer. Chteau Lafite in Bordeaux. 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. Composition: 65% Cabernet Sauvignon, 29% Merlot, 6% Cabernet Franc, Release price: 170 francs per bottle (around 17), which rose on the export market to 225Fr (22.50), Price today: between 47,000 and 54,000 per case (3,915 to 4,500 a bottle) and rising. 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 1982 vintage for Bordeaux was and still is considered one of the great vintages. Christoph Salin. But what happened that night wasnt just a coup for Lafite. Irrespective of whether in bottles or magnums or larger, Lafite should be an important part of your fine wine collection. Musk Made a Mess at Twitter. A single night in Hong Kong in 2010 proved a turning point in the history of wine. The Premier Cru ponzi scheme has left thousands out of pocket, but there may be a glimmer of hope. It is undoubtedly one of the very best wines to come out of Bordeaux. 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. Other full-bodied wines with robust structures will also age well, but we zeroed in on these nine as our top choices for the cellar treatment. The soil is deep gravel on perfectly drained, gently undulating slopes. It was exceedingly wet the first half of the year and bone dry for much of the second half. It is considered by some to be the best wine to come out of Bordeaux. It is considered by some to be the best wine to come out of Bordeaux. In some cases, it will be different depending on the vintage character. Chateau Lafite is considered an expensive wine, but its price point varies depending on the vintage. 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.. What year is the most expensive Lafite? - Dusseldorf - Germany. 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! Covid has seen a lot of unspent wealth build up and wine is reaping the benefits. 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. Bordeaux are known for their age-ability. 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. It looks like you're in Asia, would you like to be redirected to the The 1982 Chteau Lafite-Rothschild, from magnum, is a bit rough around the edges, but still striking in its beauty. There are a few factors that contribute to the high cost of Lafite wine. For example, the 2014 vintage is currently selling for around $300 per bottle, while the 2018 vintage is selling for around $450 per bottle. Could there be a changing of the guard among Bordeaux's top producers? Is it familiar? 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. The wine producers were classified according to a chteaus reputation and trading price, which, at that time, was directly related to quality. CA: Los Angeles. 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. The grapes are grown in the best vineyards in Bordeaux and are carefully selected to create the perfect blend. Chateau Lafite Rothschild, 1869 163,000. On this, the first day of the auction, Ritchie had 2,000 bottles of. Were the worlds first wine discovery platform with a simple matchmaking mission: to pair people with bottles that bring them joy. Bordeaux and French wines in general had made a practice of catering to large wallets and fine palates around the world, always with an eye on the next market. This is not a bad thing, but it is slightly different. 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. It was October 2010, and auctioneer Jamie Ritchie of Sothebys was in the room, preparing to open the bidding on top wines of Bordeaux. In China the name Lafite has the most extraordinary and unexpected resonance. Good luck getting hold of a bottle, though, the vintage is available in maddeningly small quantities. Stores and prices for '1982 Chateau Lafite Rothschild, Pauillac' | tasting notes, market data, prices and stores in Singapore. That initial purchase was the start to Lafite Rothschild becoming the most expensive, sought after brand in the Chinese and Asian markets. {"api":{"host":"https:\/\/pinot.decanter.com","authorization":"Bearer OWFmMzIzM2EwYWNjNWE2ZTlmOTI3YjBhMDRmYzIzYzI0NGEyMTQ3YmFjYWY4Y2EzOWI3MDg5MTU4NmQyMDNiNA","version":"2.0"},"piano":{"sandbox":"false","aid":"6qv8OniKQO","rid":"RJXC8OC","offerId":"OFPHMJWYB8UK","offerTemplateId":"OFPHMJWYB8UK","wcTemplateId":"OTOW5EUWVZ4B"}}, {"location":"Keystone Header","subscribeText":"Subscribe Now","version":"2","menuWidgetTitle":"","myAccountLnk":"\/wine-reviews\/account","premiumLnk":"\/subscribe","menuLnks":{"2":{"text":"My Wines","href":"\/wine-reviews\/my-wines"}},"colors":{"text":"#ffffff","button":"#decc8f","link":"#ffffff"}}, Bordeaux agrees funding to pull up vineyards, Grapevines first domesticated 11,000 years ago, says study, Chile wildfires: damage to wine country as officials pledge help, September releases 2022: full score table, Subscribe to Decanter and get the latest wine legends every month. The vintage 1869 bottles -- sold in a single lot -- went for multiples more than expected . That is certainly the case with the 1982 Lafite. Wine drinkers should begin drinking wine about 11 a.m. to 1 p.m. to get the best flavor. The 1982 vintage was a turning point, after which the quality of Lafite began to become solid. The best wines, which Lafite is unquestionably in that category also have a freshness and vibrancy to balance the matured bouquet. Occasionally exceptions are made, such as the 1961 vintage which was 100% Cabernet Sauvignon. 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.