why is 1982 lafite so expensive

why is 1982 lafite so expensive

Pauillac is a well-regarded a commune and appellation on Bordeaux's Mdoc peninsula. Maybe youre looking for the perfect prosecco to bring to a surprise party. Why is Lafite so expensive? In China the name Lafite has the most extraordinary and unexpected resonance. Drinks Business Asia edition? Hassle-free and easy, our plans and fees are simple and transparent. 1982 Bottle (750ml) 1982 Chateau Lafite Rothschild, 750 ml. China and Bordeaux Wine, The Complete Story, Current Situation Today 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. Lafite "is such a generic brand in China that it has widespread appeal as a name and as a status symbol," Mr. Boyce said. 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. 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. drinkable). Once again, the 1982 Lafite is at its peak (i.e. We've finally reached the summit of our search for the world's most popular wines. When Salin joined Lafite as its new director in 1985, he intended to use Lafites reputation to full advantage. Asia House The unusually warm growing season resulted in grapes of perfect ripeness and enormous concentration and richness. During the ageing period, the wine would have been regularly racked and then fined before bottling. 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. Lafite was one of five wine-producing chateaus of Bordeaux originally awarded First Growth status in the 1855 Classification. So, what makes Lafite wine so expensive? There was also plenty of the 2008 vintage on offer, but its fate was less certain. But Salin had something up his sleeve that he hoped would give the auction a boost. There was also plenty of the 2008 vintage on offer, but its fate was less certain. Why collectors love Chteau Lafite Rothschild wine | Christie's The bottles had been shipped directly from Lafites own cellars; among them, a bottle of 1869 Lafite, its price estimated at $8,000. The 1982, considered one of the best vintages of last century . Please sign in or create a free account to . Many people do not know why Lafite '82 is expensive, now I will tell you. 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. Of course, the influence of cinema is also huge, with a Hong Kong-made film contributing to this legendary story set in China. 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 Ducru-Beaucaillou, Saint-Julien, France, Chateau La Mission Haut-Brion, Pessac-Leognan, France. The 2008 was a good, but not great, vintage and the scores it had achieved from the all-important wine critics reflected that. 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. These wines, on the other hand, have a vibrant acidity and a firm tannic structure, allowing them to age gracefully. Price starts low and is sold to the highest bidder. 2022 Distillery.Sale All rights reserved. Discover what else your investment offers. Our story, setting a new standard for fine wine investment. Analysis of the reasons for this may be as follows. It is considered by some to be the best wine to come out of Bordeaux. Amongst these Pauillac wines, Lafite has always held a particular allure. During the Second World War the Chteau was occupied by the German army, and suffered heavily from plundering of its cellars. Why is Lafite so expensive in 1982 - iMedia 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. 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. It is undoubtedly one of the very best wines to come out of Bordeaux. Although it eventually cooled after reaching. Chateau Lafite-Rothschild, 1787 109,300. This means that every time you visit this website you will need to enable or disable cookies again. A bottle of Lafite Rothschild costs around $500. 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. 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. This week's news roundup covers all the major themes romance, money and crime. France: Paris [and Ile-de-France], Chateau Lafite Rothschild 1982 WL, [No Label], Chateau Lafite Rothschild 1982 Bouteille (75cl) ME ELA, [Slightly Damaged Mid Shoulder], Chateau Lafite Rothschild 1er Grand Cru Classe, Rouge, Pauillac, Chateau Lafite Rothschild 1982 Bouteille (75cl) ME ETLA, [Very Slightly Damaged Mid Shoulder], Chateau Lafite Rothschild 1982 MS, [Mid Shoulder], Chateau Lafite Rothschild 1982 TS SD, [Slightly Damaged Top Shoulder], Chateau Lafite Rothschild 1982 TS, [Top Shoulder], Chateau Lafite Rothschild 1982 THE EA, [Fairly Damaged Very Top Shoulder], Chateau Lafite Rothschild 1982 FD, [Fairly Damaged], Chateau Lafite Rothschild 1982 SD DC, [Slightly Damaged Damaged Capsule], Chateau Lafite Rothschild 1982 BN SD, [Slightly Damaged Base of Neck], Chateau Lafite Rothschild 1982 SD, [Slightly Damaged], Chateau Lafite Rothschild 1982 BN, [Base of Neck], France: Aquitaine, Chateau Lafite Rothschild France Red Pauillac Bordeaux, 750 ml, Chateau Lafite Rothschild France Red Pauillac Bordeaux, 5000 ml, Chateau Lafite Rothschild France Red Pauillac Bordeaux, 12 x 750 ml, Chateau Lafite Rothschild 1982 ETA CA, [Highly Damaged Damaged Capsule], Chateau Lafite Rothschild France Red Pauillac Bordeaux, 6 x 750 ml, Chateau Lafite Rothschild France Red Pauillac Bordeaux, 1500 ml, Chateau Lafite Rothschild France Red Pauillac Bordeaux, 3 x 1500 ml, Chateau Lafite Rothschild France Red Pauillac Bordeaux, 3 x 750 ml. Lafite only produces a few thousand cases of wine each year, which drives . - Dusseldorf - Germany. That is certainly the case with the 1982 Lafite. For power there are other chteaux, but for elegance and finesse, then Lafite should be your wine. 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. When we discussed the 08, I said, Why dont we do that? Salin recalls. 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. There are two seriously beautiful vintages on our hands, and theyre both fantastic. Most often asked questions related to bitcoin! Or youre an unabashed cork dork hunting for that Slovenian stunner you sipped on vacation. At the beginning of ageing, the quality of 2017 red wines from vineyards spared by frost are proving to be satisfactory to very good. Returns are calculated in GBP and results may vary depending on exchange rates. The wines are then released to wholesalers, who get it at a lower price than everybody else. A case of 1982 Chateau Lafite helped Christie's International raise $819,715 in its first exclusively online wine auction yesterday. Chateau Lafite tastes like a fine wine should taste. 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. As our search for the world's most popular wines nears its end, we visit one of the great regions. Hotlines/WhatsApp. And it was our thank you to China for helping us through the years.. Pauillac has a fantastic terroir near the Gironde estuary, so a Lafite from this region is ideal. In 2011, he moved forward with planting grapes in Chinas Shandong Province and soon after built a new winery named. Not only was the wine famous, it was also a First Growth chateaux. Chateau Lafite Rothschild is known for its best drinking and should reach its peak maturity between the ages of 15 and 60. Lafite currently has 112 hectares under vine and is planted to 70% Cabernet Sauvignon, 25% Merlot 3% Cabernet Franc and 2% Petit Verdot. [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. Four different kinds of cryptocurrencies you should know. However, it should be difficult for you to buy a real bottle of 82 Lafite nowadays, as it is relatively rare and some wine merchants and collectors do not offer it easily, so we can only look at it from afar but not play with it. The problem was that the Chinese had never bought much at En Primeur, Salin recalled recently. 03606414. Covid has seen a lot of unspent wealth build up and wine is reaping the benefits. It is considered by some to be the best wine to come out of Bordeaux. 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. 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. 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. A good Bordeaux from a good year can age for decades because the tannins in the wine act as a natural preservative. There are a few factors that contribute to the high cost of Lafite wine. why is 1982 lafite so expensive. in 2017, China had in a few short years asserted itself as a wine-buying nation equal to anywhere in Europe or the Americas. But what happened that night wasn't just a coup for Lafite. The winery produces both a white wine, Aile dArgent, and a red wine, Rouge dArgent, in addition to Aile dArgent. 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. Bu 1 en 2022 avec J.S.Philippe, un monstre en devenir (99+) ! When we discussed the 08, I said, Why dont we do that? Salin recalls. 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. More shipping infoShipping info, Please allow 20 days for delivery in US. Limited availability. 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. Bloomberg Best features the best stories of the day from Bloomberg Radio, Bloomberg Television, and 120 countries around the world. More shipping infoShipping info, Guaranteed provenance The designations remain in force today, putting Lafite at the pinnacle of Bordeaux. [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. Chteau Lafite Rothschild is a French wine estate of Bordeaux wine, located in Pauillac in France, owned by members of the Rothschild family since the 19th century, and rated as a First Growth under the 1855 Bordeaux Classification. 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. Why is Lafite so expensive? Estimate: 3,0004,000. It . A year after he took over the management in 1974, he hired Professor Emile Peynaud as consultant. So drinking a bottle of 1982 Lafite Rothschild meant you were enjoying the best wine made, and if you in turn gave a bottle as a gift . We use cookies to ensure that we give you the best experience on our website. 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. Estimate: 11,00014,000. A bottle of 1869 Lafite had an estimated price of $8,000. 1982 Lafite Rothschild, Pauillac - SKU 950058 - K&L Wines Looking at the wine retail shelves raises one question: where's the Bordeaux? All of these factors combine to make Lafite wine one of the most expensive wines on the market. Posted in: [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.

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