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. Join one of our online webinars to hear from experts on the market. articles a month for anyone to read, even non-subscribers! And it was our thank you to China for helping us through the years.. The harvest began early, on 16 September. Salin reached into Lafites caves and pulled out 1,000 cases to sell of the 1982 vintage, arguably the best of the century. Is Chateau Lafite an expensive wine? Pauillac has a fantastic terroir near the Gironde estuary, so a Lafite from this region is ideal. A look at the Bordeaux vintage that retailers are backing as the best in years. Chateau Lafite-Rothschild, 1787 109,300. Go to shop. 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. [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. 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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 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). 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. We reach the climax of our series on the world's most searched-for wines, but there's a surprising omission. 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 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. Manage Cookies Accept & Continue. Producer. They're wrong. Discover how your secure fine wine investment is stored. [17] In 2019, the estate debuted its first vintage from its Domaine de Long Dai winery in Shandong. It was October 2010, and auctioneer Jamie Ritchie of Sothebys was in the room, preparing to open the bidding on top wines of Bordeaux. This lengthy aging process adds to the cost of the wine. Chateau Lafite Rothschild, 1869 163,000. Discover what else your investment offers. Or youre an unabashed cork dork hunting for that Slovenian stunner you sipped on vacation. French wine production from the 2017 harvest will fall to historic lows due to damage from spring frosts, officials have estimated. In-stock and available for sale at the price shown. Winemaking practices have changed little at Lafite. Lafite lies at the northern end of Pauillac. The estate then became the joint property of his three sons: Alphonse, Gustave and Edmond Rothschild. 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. 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. 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. It was rated second class after being classified as Deuxime Grand Cru in 1855. We've finally reached the summit of our search for the world's most popular wines. 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). Covid has seen a lot of unspent wealth build up and wine is reaping the benefits. 03606414. 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. Privacy Policy, The Treasury: Finest Wines from a Peerless Collection. The best wines, which Lafite is unquestionably in that category also have a freshness and vibrancy to balance the matured bouquet. Some of the world's most famous wines. Lafite wine is among the most expensive wines in the world. 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? Many people do not know why Lafite '82 is expensive, now I will tell you. A bottle of Lafite can cost upwards of $500, making it one of the most expensive wines on the market. 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. Were the worlds first wine discovery platform with a simple matchmaking mission: to pair people with bottles that bring them joy. Trinken/lagern +40 Jahre. Its vines are around 70% Cabernet Sauvignon, 25% Merlot, 3% Cabernet Franc, and 2% Petit Verdot, whereas the final wine is between 80% and 95% Cabernet Sauvignon, 5% and 20% Merlot, and up to 3% Cabernet Franc and Petit Verdot. Since then, it has been a consistent producer of one of the world's most expensive red wines. The estate, which is owned and operated by the family, produces a wide range of wines, including red, white, and ros. Michael Broadbent rated it highly from the outset, and his subsequent notes remarked on its fragrance and slow evolution. Chteau Lafite-Rothschild 2005. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. Photo courtesy of DBR Lafite. It looks like you're in Asia, would you like to be redirected to the The night had turned into a bidding frenzy, with price after price shattered. 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. 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. 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. It has a fruity taste with a hint of oak. Third, Lafite ages its wine for a longer period of time than most other producers. 2022 Distillery.Sale All rights reserved. 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. Why is Petrus so expensive apart from the common logic of supply and demand? The next morning, the price of the 2008 Lafite jumped 20% on the key London markets. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. The Lafite Rothschild vineyards in the Bordeaux region of France produce a wide range of red, white, and ros wines. 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. Limited availability. The wine producers were classified according to a chteau's reputation and trading price, which, at that time, was directly related to quality. A bottle of Lafite can cost upwards of $500, making it one of the most expensive wines on the market. Cabernet Sauvignon is the dominant variety, but in some vintages Cabernet Franc, Petit Verdot and Merlot play a part in the blend. Cabernet Sauvignon, Merlot, Cabernet Franc & Petit Verdot. Baron Philippe is the first and only person to accomplish this. 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. Chateau Lafite Rothschild 1982 Cheval Blanc 1982 Petrus 1982. GB 129 9514 84 | AWRS No. In Bordeaux, 2016 was a strange year. 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! 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. I have been fortunate to taste Lafite on many occasions. Not only was the wine famous, it was also a First Growth chateaux. The recent story about the world's most Googled beer doesn't appear to add up. [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. Find out more about the people who make it work. 06350591 | VAT No. For completeness we may include critic scores in our aggregation that we do not display. Great length and probably a few years off its peak. In the years 1945 to 1961, the best time to drink Lafite Rothschild wines is from September to November. There was also plenty of the 2008 vintage on offer, but its fate was less certain. 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. Good luck getting hold of a bottle, though, the vintage is available in maddeningly small quantities. to put under the hammer. What is the Difference Between Wine and Cocktails? The designations remain in force today, putting Lafite at the pinnacle of Bordeaux. The coveted title of most expensive Champagne is constantly on the move, claimed by just two other vintages during the last decade. Offered in The Treasury: Finest Wines from a Peerless Collection on 29 September 2022 at Christies in London. Looking at the wine retail shelves raises one question: where's the Bordeaux? [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. No. The significant role played by bitcoin for businesses! - 94/100, Tom Cannavan, Standard delivery next day 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. Most often asked questions related to bitcoin! The Premier Cru ponzi scheme has left thousands out of pocket, but there may be a glimmer of hope. 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. There was also plenty of the 2008 vintage on offer, but its fate was less certain. In the white corner by which one generally means Sauternes the best vintages years are 2015, 2014, 2011 and 2009. 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 looks like a hill, and Lafite is located on the slope of a hill. Drinks Business Asia edition? 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. The debonair Baron Eric is serious about his wines. The first half of the 19th century saw Lafite in the hands of the Vanlerberghe family and the wine improved more, including the great vintages of 1795, 1798 and 1818. 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. Acidities were fairly low, but the best wines, such as Lafite, had sufficient tannic grip and structure to ensure a long, interesting life. Direct from the producer, in-stock and available for sale at the price shown. For this chart, Im including just 750 ml bottles (the standard) of red wine produced since 1950. 2010 saw a return to form. Unfinished and not yet bottled. Christies International Head of Wine Tim Triptree MW explains why its so highly sought after. The mood inside the Mandarin Oriental, one of Hong Kongs most luxurious hotels, was anxious. 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 . In 2011, he moved forward with planting grapes in Chinas Shandong Province and soon after built a new winery named. In 2011, he moved forward with planting grapes in Chinas Shandong Province and soon after built a new winery named Long Dai. The 1982 vintage was a turning point, after which the quality of Lafite began to become solid. Generally speaking, Lafite takes about 25 years to blossom in a strong vintage; the 1999, from a less powerful year, is just starting to develop secondary nuances, the herbal and savory notes that . The grapes are grown in the best vineyards in Bordeaux and are carefully selected to create the perfect blend. The cellarmaster in 1982 was Robert Revelle, who succeeded his father Georges. [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. 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. 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. First, the wine is produced in very limited quantities. Bloomberg Best features the best stories of the day from Bloomberg Radio, Bloomberg Television, and 120 countries around the world. Wine has a proven track record of returns and resilience in an unstable market. [2] In 1797 the vineyards were sold to a group of Dutch merchants.[5]. Bordeaux are known for their age-ability. [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. Christoph Salin. Chateau Margaux, 2009 - 122,380. 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.
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