why is 1982 lafite so expensive

On this, the first day of the auction, Ritchie had 2,000 bottles of Chteau Lafite Rothschild to put under the hammer. Christies International Head of Wine Tim Triptree MW explains why its so highly sought after. Hassle-free and easy, our plans and fees are simple and transparent. For example, the 2014 vintage is currently selling for around $300 per bottle, while the 2018 vintage is selling for around $450 per bottle. 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. In October 2019, the 2017 vintage of Long Dai its first went on sale in Europe. 2020 has ended up being a really good but variable year with wines of outstanding potential for many Bordeaux estates. There are a few factors that contribute to the high cost of Lafite wine. Ritchie took his place and the bidding began. For power there are other chteaux, but for elegance and finesse, then Lafite should be your wine. [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. If youre looking for a special bottle of wine to splurge on, Lafite is a great option. Little did he know that the "82 Bordeaux would be released to the public as being slow to ripen and full of potential. A bottle of Lafite Rothschild costs around $500. answer the question why is 1982 lafite so expensive, which will help you get the most accurate answer. Chateau Lafite Rothschild, 1869 163,000. It was a vintage that many experts at the time were down on: a vintage that was seen as fruity, seductive, over-ripe and youthful before it was even bottled, but without enough tannins to support it and make it difficult for it to develop in the bottle, lacking the makings of a great wine. The style of wines proved a terrific shot in the arm for claret, especially on the US market. 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. Amongst these Pauillac wines, Lafite has always held a particular allure. A good Bordeaux from a good year can age for decades because the tannins in the wine act as a natural preservative. Estimated to reach $8,000, it sold for $233,972, making it the most expensive 750ml bottle of wine on the planet. 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. - London - United Kingdom, Jacob K Javits Convention Center Lafite only produces a few thousand cases of wine each year, which drives up the price. XVAW00000101625, You must be 18 or over, or the legal age in your region to use the services of Cult Wines. Bottled and stored with producer, excludes shipping and tariffs. 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. Christian Seely, Bordeauxs director of estates, oversees a portfolio that includes the estates of Pichon-Longueville-Baron, Pibran, Petit-Village, and Suduiraut. Within the five rarefied first growths, Lafite is perhaps the wine with the best reputation for quality and longevity, commanding correspondingly high prices. In France, Lafite became known as the King's wine, after being introduced to the Court at Versailles by Marchal Richelieu. In-stock and available for sale at the price shown. Soon after, it was available in the United States at $300 (now $600). 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. 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. [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. 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. to put under the hammer. In the white corner by which one generally means Sauternes the best vintages years are 2015, 2014, 2011 and 2009. Chteau Lafite-Rothschild 2005. Should go on for decades." In fact, at the beginning, 82 Lafite was a line of a movie, and then gradually evolved into an expression bag. The perception that nothing much changes in Bordeaux has been shaken by the surprise decision of two top producers. Salin reached into Lafites caves and pulled out 1,000 cases to sell of the 1982 vintage, arguably the best of the century. Price. 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. Although your wine cellar might be valuable, sharing bottles with friends is priceless. The vintages are well-known and highly regarded by wine experts. Some of the world's most famous wines. Bloomberg Best features the best stories of the day from Bloomberg Radio, Bloomberg Television, and 120 countries around the world. That is certainly the case with the 1982 Lafite. 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 wine is without a doubt one of the best Bordeaux wines to come out. [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 addition to the first growth, around a third of the wine is released as a second wine under the label Carruades de Lafite. It looks like a hill, and Lafite is located on the slope of a hill. We reach the climax of our series on the world's most searched-for wines, but there's a surprising omission. 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. Or youre an unabashed cork dork hunting for that Slovenian stunner you sipped on vacation. The soil is deep gravel on perfectly drained, gently undulating slopes. This would be a historic low, said the ministry 16% lower than the five-year average and worse than 1991, a vintage also hit hard by frost. Salin had also created a special label for the 2008 vintage. The debonair Baron Eric is serious about his wines. Find out more about the people who make it work. Lafite wine is among the most expensive wines in the world. 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. Michael Broadbent rated it highly from the outset, and his subsequent notes remarked on its fragrance and slow evolution. 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. The purity of fruit here really pushes through to the finish. Photo courtesy of DBR Lafite. I was so happy that day! Why is Lafite so expensive? The best Chateau Lafite Rothschild should be aged at least 15 years in a glass. Amazon Pauses Construction on Second Headquarters in Virginia as It Cuts Jobs, Stock Traders Are Ignoring Blaring Bond Alarms, iPhone Maker Plans $700 Million India Plant in Shift From China, Russia Is Getting Around Sanctions to Secure Supply of Key Chips for War. 1982 Bottle (750ml) 1982 Chateau Lafite Rothschild, 750 ml. Asia House The 2011 in particular has immense aging potential. Sold in 2004, this is regarded as one of the most expensive American wines ever sold. Chteau Lafite-Rothschild 2005. A case of 1982 Chateau Lafite helped Christies International raise $819,715 in its first exclusively online wine auction yesterday. The fight between Chteau Mouton Rothschild and Bordeaux was one of the most significant in modern history. The wine is typically aged for at least 18 months, and sometimes up to 24 months, before it is released. 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. Is it familiar? 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. Great length and probably a few years off its peak. The 1982, considered one of the best vintages of last century . The core is plummy and rich, with notes of bramble and earth, but then a creamy layer of blackcurrant adds to a fleshy mid-palate. 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 . Pauillac has a fantastic terroir near the Gironde estuary, so a Lafite from this region is ideal. 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 . 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. Were the worlds first wine discovery platform with a simple matchmaking mission: to pair people with bottles that bring them joy. And it was our thank you to China for helping us through the years.. Today the vineyard is 107 hectares, but back then it was about 90ha still larger than any other first growth. The 20th century has seen periods of success and difficulty, coping with post-phylloxera vines, and two world wars. 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.

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