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why is 1982 lafite so expensive

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. Chteau Lafite-Rothschild 2005. [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. This website uses cookies so that we can provide you with the best user experience possible. Privacy Policy, The Treasury: Finest Wines from a Peerless Collection. For this chart, Im including just 750 ml bottles (the standard) of red wine produced since 1950. Critic tasting note: "(2002) Similar colour, but has retained more depth at core. Bottled and stored with producer, excludes shipping and tariffs. Why is Lafite so expensive? {"api":{"host":"https:\/\/pinot.decanter.com","authorization":"Bearer OWFmMzIzM2EwYWNjNWE2ZTlmOTI3YjBhMDRmYzIzYzI0NGEyMTQ3YmFjYWY4Y2EzOWI3MDg5MTU4NmQyMDNiNA","version":"2.0"},"piano":{"sandbox":"false","aid":"6qv8OniKQO","rid":"RJXC8OC","offerId":"OFPHMJWYB8UK","offerTemplateId":"OFPHMJWYB8UK","wcTemplateId":"OTOW5EUWVZ4B"}}, {"location":"Keystone Header","subscribeText":"Subscribe Now","version":"2","menuWidgetTitle":"","myAccountLnk":"\/wine-reviews\/account","premiumLnk":"\/subscribe","menuLnks":{"2":{"text":"My Wines","href":"\/wine-reviews\/my-wines"}},"colors":{"text":"#ffffff","button":"#decc8f","link":"#ffffff"}}, Bordeaux agrees funding to pull up vineyards, Grapevines first domesticated 11,000 years ago, says study, Chile wildfires: damage to wine country as officials pledge help, September releases 2022: full score table, Subscribe to Decanter and get the latest wine legends every month. 2022 Distillery.Sale All rights reserved. It was exceedingly wet the first half of the year and bone dry for much of the second half. Occasionally exceptions are made, such as the 1961 vintage which was 100% Cabernet Sauvignon. Instead of committing early, the Chinese preferred to wait until nearer the time when the wine was actually ready to ship before jumping in. When it went for $233,972, it became the most expensive wine ever sold. The mystique extends beyond the wine in Beijing, there is a La Fite. A case of 1982 Chateau Lafite helped Christies 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. With his camera, James Molesworth looks at the region known as the Left Bank of France for its prime Cabernet Sauvignon grapes. Producer. drinkable). The wine has a long history dating back to the 18th century, and the name Lafite is synonymous with quality and luxury. [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. The wines are then released to wholesalers, who get it at a lower price than everybody else. The problem was that the Chinese had never bought much at En Primeur, Salin recalled recently. Chateau Lafite tastes like a fine wine should taste. Lafite only produces a few thousand cases of wine each year, which drives up the price. $ 3,548.92. Today the vineyard is 107 hectares, but back then it was about 90ha still larger than any other first growth. Because his zodiac sign was Aries, Baron Philippe de Rothschild depicted two rams in his coat of arms. I have been fortunate to taste Lafite on many occasions. There is a deep seam of black plum and liquorice with some nuances of minerals and earth, but this is deep, dense and savoury. Amongst these Pauillac wines, Lafite has always held a particular allure. In China, they wanted to drink Lafite with Sprite. Salin remembers. Perhaps spurred on by the enthusiasm of the proprietors, the press and trade mostly reacted very positively, and 1982 was soon regarded as a blue-chip vintage, confirmed by steadily rising prices for the top wines. The unusually warm growing season resulted in grapes of perfect ripeness and enormous concentration and richness. . [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. Second, the grapes used to make Lafite wine are of the highest quality. The fight between Chteau Mouton Rothschild and Bordeaux was one of the most significant in modern history. 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. A good Bordeaux from a good year can age for decades because the tannins in the wine act as a natural preservative. DBR Lafite was not the first major French company to invest in Chinese terroir, but its presence was an important vote of confidence in Chinas future as a wine producing country. It's not just an asset, it's an experience. Rothschild, however, died just three months after purchasing Lafite. The recent story about the world's most Googled beer doesn't appear to add up. 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. For completeness we may include critic scores in our aggregation that we do not display. 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. Because of this madness, it is said that the price of an empty bottle of Lafite in 1982 was as high as 4,000 yuan, and the price of the most expensive Lafite in 1982 was about 500,000 yuan per bottle. 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? An auction of some of the region's best wines will raise funds to help Ukrainian victims of Russian aggression. Soon after, it was available in the United States at $300 (now $600). 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. 2010 saw a return to form. From an investment point of view, the price of a wine is also at its peak when it enters the world's top restaurants for people to enjoy. And he, Robert Parker, a relatively new and little-known American wine critic, staked his life on the credibility of that vintage as one of the best of the 20th century. It is considered by some to be the best wine to come out of Bordeaux. We reach the climax of our series on the world's most searched-for wines, but there's a surprising omission. There was also plenty of the 2008 vintage on offer, but its fate was less certain. Photo courtesy of DBR Lafite. Cask tastings revealed a vintage of almost Port-like richness and weight. Little did he know that the "82 Bordeaux would be released to the public as being slow to ripen and full of potential. The designations remain in force today, putting Lafite at the pinnacle of Bordeaux. The Lucky Country has had a rough few years, but change is in the air. Slightly high-toned, highly nuanced nose of currant, roasted meat, cedar, marzipan, smoke . 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. More shipping info. If this first auction day failed, it forecast doom for the chteaux offering their wines on subsequent days. In France, Lafite became known as the King's wine, after being introduced to the Court at Versailles by Marchal Richelieu. After peaking in 2011, however, the price of some vintages halved in two years. The Pauillac appellation is where the other First Growths Chteau Latour and Chteau Mouton Rothschild are located. Balancing Leisure and Learning: A Students Guide to Watching TV and Sipping Wine, Unforgettable Weddings In The Napa Valley: Celebrating Love In A Vineyard, Experience History And Award-Winning Wines At Renault Winery In Egg Harbor City NJ, Uncovering The History Of Ovid Winery: From Founding Winemaker Mark Herold To The Herold Family Today, Exploring The Winery And Beyond: A Quick 4-Mile Drive From Andaz Napa To The Francis Ford Coppola Winery, Experience The Best Of Napa Valley At Newton Winery, Exploring The Perfect Pairing: White Wine And Roasted Duck, Enjoying White Wine Responsibly: Understanding Calories And Nutritional Value. Then it indirectly helped to advertise Lafite '82. Will His AI Plans Be Any Different? A bottle of Lafite Rothschild costs around $500. The Krug 1928 set a new record in 2009 at Acker Merrall & Condits first ever Hong Kong sale. [17] In 2019, the estate debuted its first vintage from its Domaine de Long Dai winery in Shandong. Looking at the wine retail shelves raises one question: where's the Bordeaux? It is important to note that the final blend is almost always close to 90% Cabernet Sauvignon. [3] Although vines almost certainly already existed on the site, around 1680, Jacques de Sgur planted the majority of the vineyard. GB 129 9514 84 | AWRS No. 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. Krftiges Rubingranat, gute Farbtiefe, orangefarbene Reflexe, breiterer Wasserrand. More shipping infoShipping info, Please allow 20 days for delivery in US. Should go on for decades." If you continue to use this site we will assume that you are happy with it. . During the Second World War the Chteau was occupied by the German army, and suffered heavily from plundering of its cellars. Chteau Lafite-Rothschild 1986. The 20th century has seen periods of success and difficulty, coping with post-phylloxera vines, and two world wars. 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! [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. The 1982 vintage for Bordeaux was and still is considered one of the great vintages. - 94/100, Tom Cannavan, Standard delivery next day Chteau Mouton Rothschild was promoted to the Premier Grand Cru Class after a long campaign for promotion in 1973. A bottle of Lafite can cost upwards of $500, making it one of the most expensive wines on the market.

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why is 1982 lafite so expensive

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