Chateau Lafite-Rothschild

In China Selling Empty Bottles of Chateau Lafite Rotschild Is A Booming Business

Filed under: Wine

We already knew that Chateau Lafite Rothschild was hot in China but apparently the Bordeaux is so popular that counterfeiters have been scavenging the empty bottles to refill them. The Telegraph reports on the shadowy and lucrative world of China's bottle dealers. The article quotes one dealer who offers the equivalent of over $400 for a good vintage bottle of Lafite Rothschild in top condition. His firm collected empties from bars and restaurants in Shanghai and Beijing.

Alcohol forgeries have long been a problem in China with premium spirits, such as Maotai being frequently faked. Ice wine is also a popular target for fraud. Wine dealers and fine restaurants are taking precautions, inspecting bottles careful for signs of tampering before buying but some older wines tend to be re-corked making unmasking the refilled bottles even more of a challenge.

Tags: bordeaux, bordeaux wine, chateau lafite rothschild, Chateau Lafite-Rothschild, china, wine fraud

Chateau Lafite Rothschild: Exquisite Wine from Bordeaux

by Carrie Coolidge (RSS feed) —

Filed under: Wine

It's safe to say that Halloween isn't celebrated in Asia with quite the same vigor as it is in the U.S. But this year, the last week of October brought some scary wine prices to Hong Kong: a lot of three bottles of 1869 Chateau Lafite Rothschild went for $698,076, or $232,692 per bottle---setting a new world record for the most expensive bottle of wine sold at auction.

"I happened to have one, from a different source, a few weeks before the auction and it was fabulous," says Jamie Ritchie, CEO and President of Americas and Asia for Sotheby's Wine. "We served it blind and the nearest guess on the age was 1959. What really made these bottles rare is the fact that they came directly from Chateau Lafite's cellars and were the oldest wines in the auction---you cannot get better provenance than that."

That provenance has been a part of Chateau Lafite for hundreds of years, part of the reason it's the winner of the Luxist Editors' Choice award for best in wine. Lafite's current incarnation dates back to 1868, when Baron James de Rothschild---a patriarch of the famous European banking family of the same name---purchased the Lafite estate, which had already been producing wine for at least a century.

Tags: awards-main, best wine, bordeaux, bordeaux wine, chateau lafite, chateau lafite rothschild, Chateau Lafite-Rothschild, Jamie Ritchie, luxist-awards, sothebys, winners-wine, winners-wines

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Sotheby's Wine Auction Achieves Record Results

by Carrie Coolidge (RSS feed) —

Filed under: Wine, Auctions

Jamie Ritchie, auctioneer, presiding over a Sotheby's wine auction.

Sotheby's auction of fine and rare wines including the 2000 Collection on behalf of Bordeaux Winebank on November 13, was a huge success, signaling that the 2000 vintage is living up to its expectations.

Sotheby's sold all but two of the lots for a grand total of $5.4 million, well over the pre-sale estimate of $3.2 million to $4.6 million (estimates do not include the buyer's premium). Bordeaux Winebank's "2000" Collection set six wine auction records.

According to Sotheby's, there was also strong demand for wine from a number of other collections with strong prices for all of the First Growths as well as Burgandy, resulting in 64% of the sold lots achieving prices over the high estimate.

Online bidders were particularly active, with 15% of the lots sold to collectors bidding over the Internet. Nearly half of the lots offered received online bids and 55 people logged onto bid live online, which was the highest ever level of online participation in a Sotheby's Wine auction.

"We were delighted by the success of the sale---the highest value various owner wine sale ever held at Sotheby's New York," says Sotheby's Jamie Ritchie (above), Head of Wine, North America and a Luxist Awards Expert Panelist.

Gallery: Sotheby's Bordeaux Winebank 2000 Collection Auction

Tags: auction, awards-main, bordeaux wine, Bordeaux Winebank, chateau lafite, Chateau Lafite-Rothschild, chateau mouton rothschild, Chateau Petrus, Henning Thoresen, luxist-awards, Petrus, Sothebys, wine

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Most Expensive Wine Sells At Auction In Hong Kong

by Deidre Woollard (RSS feed) —

Filed under: Wine, Auctions

Over the past couple years we've seen wine auction prices in Hong Kong rise and rise. A new level was achieved this week when three bottles of Châteaux Lafite-Rothschild 1869 sold at a Hong Kong auction by Sotheby's for an astounding hammer price of $232,692 a bottle (a total of $698,076). That makes these the most expensive bottles of wine ever sold at auction. The entire sale of treasures direct from the legendary Chateau Lafite brought in a total of $8.4 million, tripling the pre-sale high estimate of $2.5 million. Every lot was sold, adding to the success of Sotheby's Hong Kong in maintaining the tenth consecutive 100%-sold wine auction in Asia in the last 18 months. It is only auction house to achieve this record.

The sale featured 284 lots of Lafite, as well as the other chateaux owned by Domaines Baron de Rothschild, all with direct-from-the-cellar perfect provenance. Before being shipped to Hong Kong, these bottles never left the cellars in which they were placed immediately after being made.

Baron Eric de Rothschild, owner of Chateau Lafite, said: "I am delighted that this unique auction brought Lafite to so many true connoisseurs and wine lovers. Our aim was to open our cellar doors to the friends of Chateau Lafite in Asia so that they could enjoy fabulous vintages in the best possible condition. We are very happy that Sotheby's took Lafite to new heights with this sale and we toast all those followers of Lafite who appreciate the passion with which we make it."

[via The Wealth Report]

Tags: chateau lafite, Chateau Lafite-Rothschild, hong kong wine auction, most expensive, most expensive wine, sothebys, wine auction

Chateau Lafite Rothschild Wins the Readers' Choice Award for Best International Red Wine

by Carrie Coolidge (RSS feed) —

Filed under: Wine

Chateau Lafite Rothschild is nominated for Best International Red Wine.

With a history dating back centuries and a claim to the most expensive bottle of wine ever sold, Chateau Lafite Rothschild is a fitting winner for the Luxist Awards' Readers' Choice Award in the best international red wine category.

In 1787, scarcely ten years after some ambitious colonists declared a new country across the Atlantic, a small French winery called Chateau Lafite produced a very special bottle. Little did the resident oenologist know that nearly 200 years later, the bottle would sell for 105,000 pounds – roughly $160,000 – setting the mark for price that has stood since 1985.

When Baron James de Rothschild, a patriarch of the famous European banking family, purchased Chateau Lafite in 1868, it was perhaps a sign of a good investment recognized. But the Baron never saw his purchase bear fruit – he passed away just three months later, leaving the renamed Chateau Lafite-Rothschild estate to his three sons.

Gallery: Chateau Lafite Rothschild

Over a century later, Chateau Lafite Rothschild remains one of the world's most esteemed wine estates, producing some 35,000 cases per year. Much like the record-setting bottle from 1787, even the most recent vintages continue to rapidly appreciate in value – the 2008 Lafite Rothschild was valued at 1,500 pounds upon its release, but bottle prices more than doubled within two weeks. Baron James would be proud.

Tags: awards-main, bordeaux, bordeaux wine, chateau lafite, Chateau Lafite-Rothschild, Luxist-Awards, red wine, wine, winner-wine, winners-wine, winners-wines

Chateau Lafite Rothschild: A Wine that Needs No Introduction

by Carrie Coolidge (RSS feed) —

Filed under: Wine

Chateau Lafite Rothschild is nominated for Best International Red Wine.
With a history dating back centuries and a claim to the most expensive bottle of wine ever sold, Chateau Lafite Rothschild is a fitting nominee for a Luxist award in the best international red wine category.

In 1787, scarcely ten years after some ambitious colonists declared a new country across the Atlantic, a small French winery called Chateau Lafite produced a very special bottle. Little did the resident oenologist know that nearly 200 years later, the bottle would sell for 105,000 pounds – roughly $160,000 – setting the mark for price that has stood since 1985.

When Baron James de Rothschild, a patriarch of the famous European banking family, purchased Chateau Lafite in 1868, it was perhaps a sign of a good investment recognized. But the Baron never saw his purchase bear fruit – he passed away just three months later, leaving the renamed Chateau Lafite-Rothschild estate to his three sons.

Gallery: Chateau Lafite Rothschild

Tags: awards-main, Chateau Lafite-Rothschild, luxist-awards, wine, winery