why is 1982 lafite so expensive

This term has been used in the past with disastrous results. Great length and probably a few years off its peak. [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]. It is undoubtedly one of the very best wines to come out of Bordeaux. GB 129 9514 84 | AWRS No. 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. 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. 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. View our latest reports to see how the fine wine market is doing. Over time, the tannins loose a lot of the fight in them as the remain in an anaerobic environment, and mellow. 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. To recap what we all know to have been a great season, 1982 saw a dry and mild spring, allowing an excellent flowering followed by a dry and hot summer with regular small showers and fresher nights in August. In addition to being one of the first growth wines from Bordeaux, it is one of the most expensive. . When we discussed the 08, I said, Why dont we do that? Salin recalls. Fourth, Lafite is one of the most prestigious wine producers in the world. Our story, setting a new standard for fine wine investment. Lafite "is such a generic brand in China that it has widespread appeal as a name and as a status symbol," Mr. Boyce said. 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. Check with the merchant for stock availability. Maybe youre looking for the perfect prosecco to bring to a surprise party. The 2008 was a good, but not great, vintage and the scores it had achieved from the all-important wine critics reflected that. Salin had also created a special label for the 2008 vintage. 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. When we discussed the 08, I said, Why dont we do that? Salin recalls. But Salin had something up his sleeve that he hoped would give the auction a boost. Hassle-free and easy, our plans and fees are simple and transparent. The bottle of 1869 with an estimated price of $8,000? It looks like a hill, and Lafite is located on the slope of a hill. Offered in The Treasury: Finest Wines from a Peerless Collection on 29 September 2022 at Christies in London. answer the question why is 1982 lafite so expensive, which will help you get the most accurate answer. [1], Situated in the wine-producing village of Pauillac in the Mdoc region to the north-west of Bordeaux, the estate was the property of Gombaud de Lafite in 1234. 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. Within the five rarefied first growths, Lafite is perhaps the wine with the best reputation for quality and longevity, commanding correspondingly high prices. The wine producers were classified according to a chteau's reputation and trading price, which, at that time, was directly related to quality. The wine producers were classified according to a chteaus reputation and trading price, which, at that time, was directly related to quality. Why is lafite so expensive? It was rated second class after being classified as Deuxime Grand Cru in 1855. So, what makes Lafite wine so expensive? 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. The move helped establish Lafite as a leader in the market. The best aged red wines tend to be Port, cabernet sauvignon, merlot, sangiovese, monastrell, cabernet franc, nebbiolo, malbec, and syrah. The wines were ranked in importance from first to fifth growths (crus), with four first growths listed initially (Mouton Rothschild was added in 1973). The growing season was idyllic with both budburst and flowering occurring under perfect conditions. It became the most expensive wine ever sold when the hammer went down at the final price of $233,972. It is deeply impressive. . That initial purchase was the start to Lafite Rothschild becoming the most expensive, sought after brand in the Chinese and Asian markets. Long-term drinking is supported by both the short and long-term use of mixed formats. The price of other Bordeaux wines rose as well. 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. The designations remain in force today, putting Lafite at the pinnacle of Bordeaux. There are two seriously beautiful vintages on our hands, and theyre both fantastic. 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. If you continue to use this site we will assume that you are happy with it. That is certainly the case with the 1982 Lafite. Musk Made a Mess at Twitter. 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. 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. It was going to be a tough day, and neither Ritchie or Salin, the CEO of DBR Lafite, the company behind Lafite, were certain the wines would attract anything like the prices they were hoping for. 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. $ 3,548.92. Because his zodiac sign was Aries, Baron Philippe de Rothschild depicted two rams in his coat of arms. Or youre an unabashed cork dork hunting for that Slovenian stunner you sipped on vacation. 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! 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 . [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. Slightly high-toned, highly nuanced nose of currant, roasted meat, cedar, marzipan, smoke . Limited availability. When it went for $233,972, it became the most expensive wine ever sold. The soil is deep gravel on perfectly drained, gently undulating slopes. 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. drinkable). Why is the 82 Lafite so expensive? All of these factors combine to make Lafite wine one of the most expensive wines on the market. 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. Merlot has become more prominent in recent vintages, as has a more traditional approach by Salin and Chevalier. The night had turned into a bidding frenzy, with price after price shattered. More shipping info. There is a deep seam of black plum and liquorice with some nuances of minerals and earth, but this is deep, dense and savoury. 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. The wine is without a doubt one of the best Bordeaux wines to come out. The coveted title of most expensive Champagne is constantly on the move, claimed by just two other vintages during the last decade. If youre looking for a special bottle of wine to splurge on, Lafite is a great option. Trinken/lagern +40 Jahre. Chteau Lafite-Rothschild 2000. The debonair Baron Eric is serious about his wines. So, now you know why the '82 Lafite is so expensive, right? Then it indirectly helped to advertise Lafite '82. Although your wine cellar might be valuable, sharing bottles with friends is priceless. Just as the 1990 Cheval Blanc is outrageously expensive, driven by Middle Eastern oil tycoons (NB: the current price is 7,032, higher than the '82), so is the price of Romane-Conti in Burgundy, France, at the very top of the pyramid, not only because of the tiny production of around 3,600-6,000 bottles (NB: Lafite's production is around 200,000 bottles) but also, it is said, because in the 1980s speculation by the Japanese when their economy took off. 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. The fresh wine was then aged in new barriques, produced at Lafites own cooperage, for almost two years before bottling. Chteau Lafite-Rothschild 1986. The wines were ranked in importance from first to fifth growths (crus), with four first growths listed initially (Mouton Rothschild was added in 1973). 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. The best Chateau Lafite Rothschild should be aged at least 15 years in a glass. What we do is different. The night had turned into a bidding frenzy, with price after price shattered. Copyright 2023 Cult Wines Ltd. All Rights Reserved. [9][10][11][12][13][14] The authenticity of the bottle has been challenged. Could there be a changing of the guard among Bordeaux's top producers? 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. This means that every time you visit this website you will need to enable or disable cookies again. 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. Most often asked questions related to bitcoin! The wines are then released to wholesalers, who get it at a lower price than everybody else. Estimate: 3,0004,000. 6 bottles per lot. Within the five rarefied first growths, Lafite is perhaps the wine with the best reputation for quality and longevity, commanding correspondingly high prices. Ritchie took his place and the bidding began. The wines were ranked in importance from first to fifth growths (crus), with four first growths listed initially (Mouton Rothschild was added in 1973). Christoph Salin. When the hammer came down on the extraordinary sale of a bottle of 1869 Chteau Lafite, history was made. Those 2,000 bottles covered 169 vintages taken from the personal family cellar of Baron ric de Rothschild. Discover what else your investment offers. Photo courtesy of DBR Lafite. 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. takes place, to which wine merchants and journalists are invited to taste the wine while its still in the barrel. Lafite currently has 112 hectares under vine and is planted to 70% Cabernet Sauvignon, 25% Merlot 3% Cabernet Franc and 2% Petit Verdot. Deep in colour, it has a classic Pauillac nose with intense black fruit mixed with pencil shavings and black truffles. The vineyard is one of the largest in the Mdoc at 107 hectares, and produces around 35,000 cases annually, of which between 15,000 and 25,000 are first growth. Its vines are Cabernet Sauvignon, Cabernet Franc and Marselan. 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. Back in 2010 an Asian buyer made wine history when they purchased three bottles of Chateau Lafite-Rothschild for US$232,692 (163,000) per bottle. Subscribe to our magazine to stay in the know. The winning bid was by far the highest price ever paid for a single bottle of wine. Baron Eric de Rothschild, the current manager, was already running Lafite in 1982. Simply put it, it's just so good! 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) And Salin had another plan in motion. Talk about opening with a bang! - New York - USA, Messe Dusseldorf In the years 1945 to 1961, the best time to drink Lafite Rothschild wines is from September to November. It was predicted to earn about $666 a bottle, assuming there were buyers. 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. In China, they wanted to drink Lafite with Sprite. Salin remembers. Duhart-Milon, a separate estate in the Lafite portfolio, is located just west of Lafite. Retail Wines 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. 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. Third, Lafite ages its wine for a longer period of time than most other producers. It was predicted to earn about $666 a bottle, assuming there were buyers. 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. There was also plenty of the 2008 vintage on offer, but its fate was less certain. Chteau Only twelve copies of this doll were made by Mattel. Hotlines/WhatsApp. Some estates overcropped as the yield was generous, but dilution was rare. Michael Broadbent rated it highly from the outset, and his subsequent notes remarked on its fragrance and slow evolution. Will His AI Plans Be Any Different? The harvest began early, on 16 September. A year after he took over the management in 1974, he hired Professor Emile Peynaud as consultant. Chateau Ducru-Beaucaillou, Saint-Julien, France, Chateau La Mission Haut-Brion, Pessac-Leognan, France. French wine production from the 2017 harvest will fall to historic lows due to damage from spring frosts, officials have estimated. So, what makes Lafite wine so expensive? Bu 1 en 2022 avec J.S.Philippe, un monstre en devenir (99+) ! 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. They should be fine 2017 is potentially a very good vintage. The 1982, considered one of the best vintages of last century, was the most expensive lot fetching $42,350, including a 21 percent commission known as buyers premium. 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. [4], In the early 18th century, Nicolas-Alexandre, marquis de Sgur refined the wine-making techniques of the estate, and introduced his wines to the upper echelons of European society. Since then, the overall Chinese wine market has become globally significant.

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