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. According to the 1855 Classification of the Bordeaux Grands Crus Class prepared for the Universal Exhibition in Paris, Lafite was officially ranked first. 12 bottles per lot. The night had turned into a bidding frenzy, with price after price shattered. 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. The Anglocentric language of wine is increasingly exclusive to the wider wine world. We reach the climax of our series on the world's most searched-for wines, but there's a surprising omission. A bottle of Lafite Rothschild costs around $500. [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. 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. To give you the best search experience, we use cookies for remembering your search filters, personalizing content, and analyzing how the website is used. In 2011, he moved forward with planting grapes in Chinas Shandong Province and soon after built a new winery named Long Dai. (2002) Similar colour, but has retained more depth at core. 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. Rothschild, however, died just three months after purchasing Lafite. Chateau Margaux, 2009 - 122,380. Some of the world's most famous 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. Why is the 82 Lafite so expensive? Soon after, it was available in the United States at $300 (now $600). The price of other Bordeaux wines, Since then, the overall Chinese wine market has become globally significant. The acidity then rushes in at the very end, causing the wine to become longer. The growing season was idyllic with both budburst and flowering occurring under perfect conditions. XVAW00000101625, You must be 18 or over, or the legal age in your region to use the services of Cult Wines. 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). drinkable). 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. He claims that the 10s brought a new energy to structure. A year after he took over the management in 1974, he hired Professor Emile Peynaud as consultant. The soil is deep gravel on perfectly drained, gently undulating slopes. 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. Since then, the overall Chinese wine market has become globally significant. It's not just an asset, it's an experience. Some less well equipped estates had trouble controlling fermentations during the hot weather, but this was not an issue at Lafite. Limited availability. The fight between Chteau Mouton Rothschild and Bordeaux was one of the most significant in modern history. Because his zodiac sign was Aries, Baron Philippe de Rothschild depicted two rams in his coat of arms. Occasionally exceptions are made, such as the 1961 vintage which was 100% Cabernet Sauvignon. The wine is without a doubt one of the best Bordeaux wines to come out. [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 important to note that the final blend is almost always close to 90% Cabernet Sauvignon. In 2001 he wrote: So much on show, so much left to show., Clive Coates MW writing a year later, thought the wine fresh, classy and intense, adding: It will get even better as it gets more decadent.. 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. Offered in The Treasury: Finest Wines from a Peerless Collection on 29 September 2022 at Christies in London. In October 2019, the 2017 vintage of Long Dai its first went on sale in Europe. This lengthy aging process adds to the cost of the wine. Baron Philippe is the first and only person to accomplish this. In Bordeaux, 2016 was a strange year. Offered in The Treasury: Finest Wines from a Peerless Collection on 29 September 2022 at Christies in London. Why is lafite so expensive? Over time, the tannins loose a lot of the fight in them as the remain in an anaerobic environment, and mellow. The wine is typically aged for at least 18 months, and sometimes up to 24 months, before it is released. 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. From Barolo to Bordeaux, these wines are steeped in tradition. Privacy Policy, The Treasury: Finest Wines from a Peerless Collection. Price. $ 3,548.92. Coordinates: .mw-parser-output .geo-default,.mw-parser-output .geo-dms,.mw-parser-output .geo-dec{display:inline}.mw-parser-output .geo-nondefault,.mw-parser-output .geo-multi-punct{display:none}.mw-parser-output .longitude,.mw-parser-output .latitude{white-space:nowrap}451330N 04623W / 45.22500N 0.77306W / 45.22500; -0.77306. With his camera, James Molesworth looks at the region known as the Left Bank of France for its prime Cabernet Sauvignon grapes. Should go on for decades." The price of other Bordeaux wines rose as well. The estate, which is owned and operated by the family, produces a wide range of wines, including red, white, and ros. Talk about opening with a bang! [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. A case of 1982 Chateau Lafite helped Christie's International raise $819,715 in its first exclusively online wine auction yesterday. Within the five rarefied first growths, Lafite is perhaps the wine with the best reputation for quality and longevity, commanding correspondingly high prices. It is deeply impressive. The chteaux take these reactions into account when they come up with the wines release price. Please sign in or create a free account to . It is considered by some to be the best wine to come out of Bordeaux. 03606414. Unfinished and not yet bottled. Looking at the wine retail shelves raises one question: where's the Bordeaux? Should go on for decades. The mood inside the Mandarin Oriental, one of Hong Kongs most luxurious hotels, was anxious. PO Box 607Pismo Beach, CA 93448Phone: 805.541.5868Fax: 805.434.9380. The winery produces both a white wine, Aile dArgent, and a red wine, Rouge dArgent, in addition to Aile dArgent. GB 129 9514 84 | AWRS No. The Drop is an online magazine that connects people to wines theyll love. It was predicted to earn about $666 a bottle, assuming there were buyers. Inglenook Cabernet Sauvignon Napa Valley, 1941 17,250. The Clockwork Building, 45 Beavor Lane, London W6 9AR, Reg Company No. Chteau Only twelve copies of this doll were made by Mattel. This was an headline vintage of outstanding quality throughout Bordeaux, with ripeness levels not seen for many years. Rather more closed on the nose. The Lucky Country has had a rough few years, but change is in the air. Second, the grapes used to make Lafite wine are of the highest quality. Sold in 2004, this is regarded as one of the most expensive American wines ever sold. Rather more closed on the nose. [9][10][11][12][13][14] The authenticity of the bottle has been challenged. For completeness we may include critic scores in our aggregation that we do not display. 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. Asia House The purity of fruit here really pushes through to the finish. 6 bottles per lot. Although your wine cellar might be valuable, sharing bottles with friends is priceless. . Chateau Lafite Rothschild is known for its best drinking and should reach its peak maturity between the ages of 15 and 60. 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 next morning, the price of the 2008 Lafite jumped 20% on the key London markets. [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. Our story, setting a new standard for fine wine investment. What is the Difference Between Wine and Cocktails? 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. [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. The wine producers were classified according to a chteau's reputation and trading price, which, at that time, was directly related to quality. An original wood case of Chateau Lafite Rothschild 1982 was the top selling item at Zachys' New York Spring auction this week selling for $41,650. 2023 Union Press Ltd | Wigglesworth House, Fourth Floor, 69 Southwark Bridge Road, London, SE1 9HH, UK Tel: +44 (0)20 7803 2420 There was also plenty of the 2008 vintage on offer, but its fate was less certain. Maybe youre looking for the perfect prosecco to bring to a surprise party. 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 price of other Bordeaux wines rose as well. Hassle-free and easy, our plans and fees are simple and transparent. 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. Chteau Lafite-Rothschild 2005. Given that wine is a beverage, of course, one bottle is rarely consumed and eventually becomes a scarce item, perhaps hidden away in the hands of a collector and labelled as a non-sale item. That is certainly the case with the 1982 Lafite. Flat Rate $9.99 Ground Shipping in CA Ship to the whole of the USA.