The bottles had been shipped directly from Lafites own cellars; among them, a bottle of 1869 Lafite, its price estimated at $8,000. It has a fruity taste with a hint of oak. With the 2009, it turned out, the Chinese wanted to buy more of it than we had to sell, says Salin, who retired in 2018. It is undoubtedly one of the very best wines to come out of Bordeaux. [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. Chateau Lafite Rothschild is known for its best drinking and should reach its peak maturity between the ages of 15 and 60. All of these factors combine to make Lafite wine one of the most expensive wines on the market. Talk about opening with a bang! I have been fortunate to taste Lafite on many occasions. Privacy Policy, The Treasury: Finest Wines from a Peerless Collection. The acidity then rushes in at the very end, causing the wine to become longer. Four different kinds of cryptocurrencies you should know. 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. Across all vintages Lafite Rothschild is one of the most expensive wines in the world, with the average price per 750 ml bottle reaching $911.. What year is the most expensive Lafite? This website uses cookies so that we can provide you with the best user experience possible. The palate is wonderfully concentrated and sonorous; it seems to extend in a column of dense black fruit. 03606414. Why has it managed to have such a high popularity in the country? The mystique extends beyond the wine in Beijing, there is a La Fite. So, what makes Lafite wine so expensive? Estimate: 3,0004,000. 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. 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. Those 2,000 bottles covered 169 vintages taken from the personal family cellar of Baron ric de Rothschild. Within the five rarefied first growths, Lafite is perhaps the wine with the best reputation for quality and longevity, commanding correspondingly high prices. They're wrong. Christoph Salin. Check with the merchant for stock availability. Learn More >, The Drop is an online magazine that connects people to wines theyll love. The chteaux take these reactions into account when they come up with the wines release price. The Drop is an online magazine that connects people to wines theyll love. The purity of fruit here really pushes through to the finish. 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. [6], Following the French Revolution, the period known as Reign of Terror led to the execution of Nicolas Pierre de Pichard on 30 June 1794, bringing an end to the Sgur family's ownership of the estate which became public property. Wine Lists. . Some less well equipped estates had trouble controlling fermentations during the hot weather, but this was not an issue at Lafite. Flight 4 d'Yquem 1975. . But selection for the grand vin was less stringent than it would become from 1985. 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. 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 tannins are well balanced and the finish is smooth. 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). Chteau Lafite-Rothschild 2005. ). The 1982 vintage was a turning point, after which the quality of Lafite began to become solid. Most often asked questions related to bitcoin! drinkable). 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. In 2011, he moved forward with planting grapes in Chinas Shandong Province and soon after built a new winery named Long Dai. Salin had also created a special label for the 2008 vintage. There was also plenty of the 2008 vintage on offer, but its fate was less certain. Some of the world's most famous wines. I was so happy that day! The wines are then released to wholesalers, who get it at a lower price than everybody else. 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. 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. But Salin had something up his sleeve that he hoped would give the auction a boost. 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. Chteau Only twelve copies of this doll were made by Mattel. But what happened that night wasnt just a coup for Lafite. Regardless of whether the Lafite is in a bottle or a magnum, it should be included in your fine wine collection. The winning bid was by far the highest price ever paid for a single bottle of wine. A case of 1982 Chateau Lafite helped Christies International raise $819,715 in its first exclusively online wine auction yesterday. This rare six-litre bottle of Bordeaux wine was sold to a private collector during a sale at Christies in Geneva. takes place, to which wine merchants and journalists are invited to taste the wine while its still in the barrel. to put under the hammer. Chteau Lafite in Bordeaux. On this, the first day of the auction, Ritchie had 2,000 bottles of. They are deeply-coloured and have intense fruity aromas. The 2017 vintage is a major success for the dry white wines of Bordeaux, which are clearly superior to 2015 and 2016. Irrespective of whether in bottles or magnums or larger, Lafite should be an important part of your fine wine collection. 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. Lafite is blessed with a fantastic terroir near to the Gironde estuary in the northern part of Pauillac, close to the border with St-Estphe. Chateau Lafite is considered an expensive wine, but its price point varies depending on the vintage. When the hammer came down on the extraordinary sale of a bottle of 1869 Chteau Lafite, history was made. There are two seriously beautiful vintages on our hands, and theyre both fantastic. Every year, a different artist is commissioned by the winery. Cask tastings revealed a vintage of almost Port-like richness and weight. Lafite in particular has maintained a youthful character, developing harmony as it ages. - New York - USA, Messe Dusseldorf A bottle of 1869 Lafite had an estimated price of $8,000. Pauillac is a well-regarded a commune and appellation on Bordeaux's Mdoc peninsula. But what happened that night wasn't just a coup for Lafite. Past performance is not indicative of future results. After peaking in 2011, however, the price of some vintages halved in two years. But Salin had something up his sleeve that he hoped would give the auction a boost. 1982 Bottle (750ml) 1982 Chateau Lafite Rothschild, 750 ml. Should go on for decades. Although your wine cellar might be valuable, sharing bottles with friends is priceless. During the ageing period, the wine would have been regularly racked and then fined before bottling. The problem was that the Chinese had never bought much at En Primeur, Salin recalled recently. Lafite, derived from the historic language term fite, which means mound or hillock, is said to have been first used in 1234. The next morning, the price of the 2008 Lafite jumped 20% on the key London markets. Within the five rarefied first growths, Lafite is perhaps the wine with the best reputation for quality and longevity, commanding correspondingly high prices. There was also plenty of the 2008 vintage on offer, but its fate was less certain. Registered in England and Wales No. [17] In 2019, the estate debuted its first vintage from its Domaine de Long Dai winery in Shandong. Wine investment insights delivered straight into your inbox weekly. A single night in Hong Kong in 2010 proved a turning point in the history of wine. Chateau Lafite tastes like a fine wine should taste. The Chardonnay at Chteau Lafite Rothschild is always more Merlot than the grand vin. Estimate: 3,0004,000. The vintages are well-known and highly regarded by wine experts. A variety of chteaux can be used for power, but Lafite is the ideal wine for elegance and grace. Lafite lies at the northern end of Pauillac. 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. Users have rated this wine 4.5 out of 5 stars. When Salin joined Lafite as its new director in 1985, he intended to use Lafites reputation to full advantage. Let us guide you through the process behind investing in fine wine. The palate is wonderfully concentrated and sonorous; it seems to extend in a column of dense black fruit. Or youre an unabashed cork dork hunting for that Slovenian stunner you sipped on vacation. For power there are other chteaux, but for elegance and finesse, then Lafite should be your wine. It became the most expensive wine ever sold when the hammer went down at the final price of $233,972. Discover what else your investment offers. Price. Price. A 200-year-old bottle of 1811 Chateau dYquem was sold by The Antique Wine Company in London, to a private collector who now displays the wine in his restaurant in Bali in a bullet-proof, temperature-controlled showcase. It was predicted to earn about $666 a bottle, assuming there were buyers. Today the vineyard is 107 hectares, but back then it was about 90ha still larger than any other first growth. The mood inside the Mandarin Oriental, one of Hong Kongs most luxurious hotels, was anxious. Each spring after harvest, an event called En Primeur takes place, to which wine merchants and journalists are invited to taste the wine while its still in the barrel. Price starts low and is sold to the highest bidder. [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. 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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. Go to shop. 2020 has ended up being a really good but variable year with wines of outstanding potential for many Bordeaux estates. Chateau Ducru-Beaucaillou, Saint-Julien, France, Chateau La Mission Haut-Brion, Pessac-Leognan, France. 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. Stored in bonded warehouse with duty and sales tax suspended. These wines, on the other hand, have a vibrant acidity and a firm tannic structure, allowing them to age gracefully. Lafite currently has 112 hectares under vine and is planted to 70% Cabernet Sauvignon, 25% Merlot 3% Cabernet Franc and 2% Petit Verdot. First, the wine is produced in very limited quantities. With a surprisingly clever search engine alongside bottle reviews and articles from trusted voices in wine, youre just a click and a clink away from your new favorite bottle. The 2008 was a good, but not great, vintage and the scores it had achieved from the all-important wine critics reflected that. 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. It is considered by some to be the best wine to come out of Bordeaux. 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. 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. 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. Little did he know that the "82 Bordeaux would be released to the public as being slow to ripen and full of potential. The wine producers were classified according to a chteaus reputation and trading price, which, at that time, was directly related to quality. During the Second World War the Chteau was occupied by the German army, and suffered heavily from plundering of its cellars. Retail Wines To stimulate interest, Salin had pulled out all the stops. The coveted title of most expensive Champagne is constantly on the move, claimed by just two other vintages during the last decade. For this chart, Im including just 750 ml bottles (the standard) of red wine produced since 1950. (Some up north on the left bank are even mentioning 2015). That is certainly the case with the 1982 Lafite. Simply put it, it's just so good! Subscribe to our magazine to stay in the know. 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. Mobile: +254 798 368 561. 6 bottles per lot. Lafites neighbours are Mouton and Cos dEstournel, both robust and flamboyant wines, which makes it strange that Lafite is renowned for an ethereal lightness that does not stand in the way of its ageability. Good luck getting hold of a bottle, though, the vintage is available in maddeningly small quantities. The Clockwork Building, 45 Beavor Lane, London W6 9AR, Reg Company No. The price of other Bordeaux wines rose as well. 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. Offered in The Treasury: Finest Wines from a Peerless Collection on 29 September 2022 at Christies in London. Covid has seen a lot of unspent wealth build up and wine is reaping the benefits. 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. 6 bottles per lot. And it was our thank you to China for helping us through the years.. 12 bottles per lot. Since then, it has been a consistent producer of one of the world's most expensive red wines. [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. 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. It is considered by some to be the best wine to come out of Bordeaux. 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. 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. The wine is without a doubt one of the best Bordeaux wines to come out. Lafite only produces a few thousand cases of wine each year, which drives . We use cookies to ensure that we give you the best experience on our website. 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. The best aged red wines tend to be Port, cabernet sauvignon, merlot, sangiovese, monastrell, cabernet franc, nebbiolo, malbec, and syrah. 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. 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. 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. The general rule with all red meat is the leaner the meat, the lighter the wine this also applies to different cuts of beef or steak, although side dishes and sauces also have to be No longer confined to the realms of science fiction, AI is increasingly permeating all aspects of life. The Japanese specialty has burst free of its traditional market and is getting consumers very thirsty indeed. When we discussed the 08, I said, Why dont we do that? Salin recalls. Estimate: 11,00014,000. The bottles had been shipped directly from Lafites own cellars; among them, a bottle of 1869 Lafite, its price estimated at $8,000. 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. Hassle-free and easy, our plans and fees are simple and transparent. 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. This means that every time you visit this website you will need to enable or disable cookies again. Michael Broadbent rated it highly from the outset, and his subsequent notes remarked on its fragrance and slow evolution. As the room filled up, Christoph Salin must have wondered if his bold strategy would pay off, because the stakes could not have been higher. In 1989, the bottle collided with a tray at a wine dinner in New York, and win merchant William Sokolin scooped $225,000 (157,200) from the insurance (although he had originally sought out a massive half a million). Inglenook Cabernet Sauvignon Napa Valley, 1941 17,250. In 1868 the Chteau was purchased by Baron James Mayer Rothschild for 4.4 million francs, and the estate became Chteau Lafite Rothschild. At the beginning of ageing, the quality of 2017 red wines from vineyards spared by frost are proving to be satisfactory to very good. Discover our range of fine wines from around the world. There is no doubt that this is one of the best Bordeaux wines ever made. The 1982 Chteau Lafite-Rothschild, from magnum, is a bit rough around the edges, but still striking in its beauty. There was a lot at stake. Bordeaux are known for their age-ability. The night had turned into a bidding frenzy, with price after price shattered. Wine has a proven track record of returns and resilience in an unstable market. With Christmas around the corner, here's this year's best Bordeaux in case you need to stock up. Discover how your secure fine wine investment is stored. The best wines, which Lafite is unquestionably in that category also have a freshness and vibrancy to balance the matured bouquet. World Class Wine. 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. 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. Christies International Head of Wine Tim Triptree MW explains why its so highly sought after. When young, it is really difficult to understand despite being more . Will there be any dramatic changes at the heart of the wine world? Chteau Lafite-Rothschild 1986. 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. There have been many notable events at the estate over the last century. He claims that the 10s brought a new energy to structure. Musk Made a Mess at Twitter. It was predicted to earn about $666 a bottle, assuming there were buyers. The wines were ranked in importance from first to fifth growths (crus), with four first growths listed initially (Mouton Rothschild was added in 1973). It's not just an asset, it's an experience. A bottle of Lafite can cost upwards of $500, making it one of the most expensive wines on the market. Chateau Margaux creeps into the top 10 again with its limited edition 12-litre 2009 vintage. When Salin joined Lafite as its new director in 1985, he intended to use Lafites reputation to full advantage. Of course, the influence of cinema is also huge, with a Hong Kong-made film contributing to this legendary story set in China. Copyright 2023 Cult Wines Ltd. All Rights Reserved. Having already established a presence in Japan, Taiwan, and the more independent Asian mainland cities of Hong Kong and Shanghai, they saw China as the next big market, as soon as Communist rule permitted it. Lafite only produces a few thousand cases of wine each year, which drives up the price. 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 Our story, setting a new standard for fine wine investment. It . Such resonance that Carruades de Lafite, the Bordeaux first growth's second wine and often a thin little thing, can command a higher price than super-second Ch Cos d'Estournel. Please sign in or create a free account to . Since then, the overall Chinese wine market has become globally significant. The price of other Bordeaux wines rose as well. The 20th century has seen periods of success and difficulty, coping with post-phylloxera vines, and two world wars. The bottle of 1869 with an estimated price of $8,000? 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. [19], Across all vintages Lafite Rothschild is one of the most expensive wines in the world, with the average price per 750 ml bottle reaching $1175. It was October 2010, and auctioneer Jamie Ritchie of Sothebys was in the room, preparing to open the bidding on top wines of Bordeaux. Fourth, Lafite is one of the most prestigious wine producers in the world. [3] Although vines almost certainly already existed on the site, around 1680, Jacques de Sgur planted the majority of the vineyard. We have well known master distiller in Canada and the USA, also installation team in North America, and our own researching department and factory, which assure that we can provide high quality distillation equipment for our customers. Within the five rarefied first growths, Lafite is perhaps the wine with the best reputation for quality and longevity, commanding correspondingly high prices.

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