why is 1982 lafite so expensive

A single night in Hong Kong in 2010 proved a turning point in the history of wine. Bloomberg Best features the best stories of the day from Bloomberg Radio, Bloomberg Television, and 120 countries around the world. Its vines are around 70% Cabernet Sauvignon, 25% Merlot, 3% Cabernet Franc, and 2% Petit Verdot, whereas the final wine is between 80% and 95% Cabernet Sauvignon, 5% and 20% Merlot, and up to 3% Cabernet Franc and 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. To give you the best search experience, we use cookies for remembering your search filters, personalizing content, and analyzing how the website is used. The night had turned into a bidding frenzy, with price after price shattered. Inglenook Cabernet Sauvignon Napa Valley, 1941 17,250. That is certainly the case with the 1982 Lafite. When Salin joined Lafite as its new director in 1985, he intended to use Lafites reputation to full advantage. For power there are other chteaux, but for elegance and finesse, then Lafite should be your wine. The Drop is an online magazine that connects people to wines theyll love. We use cookies to ensure that we give you the best experience on our website. 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. 1982 Chateau Lafite Rothschild Pauillac, France, Chateau Lafite Rothschild Pauillac, France. 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. [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. 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. Estimated to reach $8,000, it sold for $233,972, making it the most expensive 750ml bottle of wine on the planet. Estimate: 11,00014,000. 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. When the hammer came down on the extraordinary sale of a bottle of 1869 Chteau Lafite, history was made. 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. Price. Chateau Lafite tastes like a fine wine should taste. It looks like you're in Asia, would you like to be redirected to the [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. ). 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. Serious collectors dont deal in small fry, but are their chequebooks up to the cash demands of the most expensive wines in the world? The wine producers were classified according to a chteau's reputation and trading price, which, at that time, was directly related to quality. 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. 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. The wine has a long history dating back to the 18th century, and the name Lafite is synonymous with quality and luxury. Great length and probably a few years off its peak. 2020 has ended up being a really good but variable year with wines of outstanding potential for many Bordeaux estates. 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. They should be fine 2017 is potentially a very good vintage. [5] Towards the end of the 18th century, Lafite's reputation was assured and even Thomas Jefferson visited the estate and became a lifelong customer. Every year, a different artist is commissioned by the winery. Even the best Bordeaux only lasts around 50 years, so why the incredible price tag for this one in 1985? XVAW00000101625, You must be 18 or over, or the legal age in your region to use the services of Cult Wines. 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 history of Chteau Lafite Rothschild is rich and fascinating. Vintages at Chteau Mouton Rothschild are known for their distinct labels. Rothschild, however, died just three months after purchasing Lafite. 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 vines are planted in well-drained soil made up of fine, deep gravel, mixed with aeolian sand on a subsoil of tertiary limestone. [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. Within the five rarefied first growths, Lafite is perhaps the wine with the best reputation for quality and longevity, commanding correspondingly high prices. He enjoys participating in the final blending, though is willing to be overruled by his team of professionals. It simply oozes class. 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. [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. In some cases, it will be different depending on the vintage character. The best Chateau Lafite Rothschild should be aged at least 15 years in a glass. The price of other Bordeaux wines rose as well. The 1982 Lafite-Rothschild is a wine I have drunk several times, though maybe this is the first time in magnum. The night had turned into a bidding frenzy, with price after price shattered. Within the five rarefied first growths, Lafite is perhaps the wine with the best reputation for quality and longevity, commanding correspondingly high prices. Lafite in particular has maintained a youthful character, developing harmony as it ages. 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. In-stock and available for sale at the price shown. 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. Maybe youre looking for the perfect prosecco to bring to a surprise party. Since then, the overall Chinese wine market has become globally significant. 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. Chateau Margaux creeps into the top 10 again with its limited edition 12-litre 2009 vintage. Firstly, there is the 1982 vintage. I told them, Sprite tastes better without Lafite, and Lafite tastes better without Sprite. Nevertheless, the 1982 sold well among government dignitaries and oligarchs looking for the perfect gift, even if they never really intended to drink it. Users have rated this wine 4.5 out of 5 stars. 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. Cabernet Sauvignon is the dominant variety, but in some vintages Cabernet Franc, Petit Verdot and Merlot play a part in the blend. Analysis of the reasons for this may be as follows. Should go on for decades." 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. I was so happy that day! . Chateau Lafite Rothschild, 1869 163,000. Lafite only produces a few thousand cases of wine each year, which drives . Merlot has become more prominent in recent vintages, as has a more traditional approach by Salin and Chevalier. The estate, which is owned and operated by the family, produces a wide range of wines, including red, white, and ros. After peaking in 2011, however, the price of some vintages halved in two years. . 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. Chteau Lafite in Bordeaux. Since then, Parker's reputation has grown, his following has grown, and his influence has grown. Annual production ranges between 15,000 to 20,000 cases, depending on the vintage. BEVERLY HILLS A case of 1982 Chateau Lafite Rothschild Pauillac, one of three such cases with bottles in original tissue, realized $41,175 to top Heritage Auctions' $1.76 million Wine Signature Auction, which sold 100% by value and 100% by lot. Wine-Searcher's historical data and benchmark analysis provides trustworthy and valuable insights into likely market trends. 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. {"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. 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. Therefore, a soil that is too fertile may not be what's best for a vineyard; an arid hillside may yield richer grapes than a green stretch of land by a river. The estate then became the joint property of his three sons: Alphonse, Gustave and Edmond Rothschild. 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. 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. According to the 1855 Classification of the Bordeaux Grands Crus Class prepared for the Universal Exhibition in Paris, Lafite was officially ranked first. The Chardonnay at Chteau Lafite Rothschild is always more Merlot than the grand vin. Why has it managed to have such a high popularity in the country? It . When young, it is really difficult to understand despite being more . $ 3,548.92. Because of the magic of Bordeaux, it takes a while to develop the complex secondary and tertiary characteristics of cedar, leather, and tobacco. Bottled and stored with producer, excludes shipping and tariffs. Why is lafite so expensive? 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. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. (AG) (3/2014) Good full, deep red. Winemaking practices have changed little at Lafite. Many people do not know why Lafite '82 is expensive, now I will tell you. 2010 saw a return to form. It may be early in the marathon that is Bordeaux En Primeurthe worlds biggest weeklong barrel-tasting eventbut its not too soon to say that 2016 is a great vintage overall. Chteau Lafite-Rothschild 2005. We reach the climax of our series on the world's most searched-for wines, but there's a surprising omission. A good Bordeaux from a good year can age for decades because the tannins in the wine act as a natural preservative. Its vines are Cabernet Sauvignon, Cabernet Franc and Marselan. The palate is wonderfully concentrated and sonorous; it seems to extend in a column of dense black fruit. It is undoubtedly one of the very best wines to come out of Bordeaux. Some estates overcropped as the yield was generous, but dilution was rare. 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. 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. First, the wine is produced in very limited quantities. [3] Although vines almost certainly already existed on the site, around 1680, Jacques de Sgur planted the majority of the vineyard. Good luck getting hold of a bottle, though, the vintage is available in maddeningly small quantities. If this first auction day failed, it forecast doom for the chteaux offering their wines on subsequent days. Acidities were fairly low, but the best wines, such as Lafite, had sufficient tannic grip and structure to ensure a long, interesting life. Drinks Business Asia edition? Lafite was one of five wine-producing chateaus of Bordeaux originally awarded First Growth status in the 1855 Classification. - Dusseldorf - Germany. Flight 4 d'Yquem 1975. . 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. to put under the hammer. Producer. Irrespective of whether in bottles or magnums or larger, Lafite should be an important part of your fine wine collection. 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

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