Buy Lafite 2008
UK merchants are reporting selling out of the wine following the news, broken yesterday by Decanter.com, that the bottles will carry the symbol when the wine is bottled next year.On Tuesday morning, the price of a case of Chateau Lafite Rothschild 2008 was trading at \u00a38,500 on trading platform Liv-ex. By Wednesday lunchtime it had risen to \u00a310,160, a rise of just under 20%. \u2018It\u2019s gone bonkers,\u2019 said Simon Staples, sales director at London merchant Berry Bros and Rudd.'We sold 75 cases this morning. We literally cannot buy any more of it,' he said.\nThis is not the first time Lafite 2008 has seen an overnight price spike. In April 2009, the wine famously rose from \u00a32,000 per case to \u00a33,500 following the release of Robert Parker\u2019s score of 98-100.Staples said that this latest price rise represented a shift in what influences market prices. 'It shows that it doesn't matter what Parker says - it's completely irrelevant. In China, this wine is now the ultimate gift you can give.'\nStephen Browett, managing director of Farr Vintners, told Decanter.com that the addition of the Chinese symbol to Lafite\u2019s bottle would \u2018add fuel to the fire of Chinese demand.\u2019\n \n\u2018This is a wine that we sold at \u00a31,950 en primeur 18 months ago and it reached \u00a39,000 recently. As a result of the announcement it has hit \u00a310,000 a case and we are out of stock,\u2019 he said.\nBrowett said he expected the recently traded wine to be sold on quickly to Chinese buyers, once it is bottled.\n \n\u2018Certainly almost everyone who buys it is Chinese or an investor planning to sell it to China, once it becomes physically available in the New Year,\u2019 he added.Sam Gleave, sales director at Bordeaux Index, said the company was \u2018fairly apathetic\u2019 at the first growth\u2019s announcement.\u2018Chateau Lafite\u2019s expansion into China is a natural progression of their brand. China will become a significant producer of fine wine in the not too distant future and Lafite are showing they are willing to take risks and enter a new market.\u2019\u2018Pure demand has already caused the price to move on our LiveTrade screen from \u00a39,000 per case to \u00a311,500 per case in a little less than 24 hours,\u2019 he added.The price rise comes just days before a Sotheby's auction of 2000 bottles of ex-chateau Lafite, spanning vintages from 1869 to 2008, is due to take place in Hong Kong.\n\n\nWritten by John Abbott","url":"https:\/\/www.decanter.com\/wine-news\/lafite-2008-price-rises-20-following-chinese-symbol-announcement-46886\/","thumbnailUrl":"https:\/\/keyassets.timeincuk.net\/inspirewp\/live\/wp-content\/uploads\/sites\/34\/2012\/01\/000001089-lafite_rothschild_2008_small.jpg","image":"https:\/\/keyassets.timeincuk.net\/inspirewp\/live\/wp-content\/uploads\/sites\/34\/2012\/01\/000001089-lafite_rothschild_2008_small.jpg","dateCreated":"2010-10-27T17:06:00+00:00","datePublished":"2010-10-27T17:06:00+00:00","dateModified":"2015-05-27T10:23:29+00:00","articleSection":"Wine News","author":"@type":"Person","name":"John Abbott","publisher":"@type":"Organization","name":"Decanter","logo":"@type":"http:\/\/schema.org\/ImageObject","url":"https:\/\/keyassets.timeincuk.net\/inspirewp\/live\/wp-content\/uploads\/sites\/34\/2019\/01\/decanter-google-logo.png","mainEntityOfPage":"@type":"WebPage","@id":"https:\/\/www.decanter.com\/wine-news\/lafite-2008-price-rises-20-following-chinese-symbol-announcement-46886\/","keywords":["Wine News"]}!function(n,e,i){if(!n){n=n,window.permutive=n,n.q=[],n.config=i,n.config.apiKey=e,n.config.environment=n.config.environment"production";for(var o=["addon","identify","track","trigger","query","segment","segments","ready","on","once","user","consent"],r=0;r
buy lafite 2008
On Tuesday morning, the price of a case of Chateau Lafite Rothschild 2008 was trading at 8,500 on trading platform Liv-ex. By Wednesday lunchtime it had risen to 10,160, a rise of just under 20%.
This violet-tinted Pauillac boasts texture. Charm and generosity dominate the nose; a distinctive trait of the 2008 Lafite-Rothschild. The wine shows great complexity despite commanding red fruit aromas. Shaking exposes that rich texture, along with the much appreciated clear-cut and neat expression. The imposing solid palate - a classic Pauillac - reveals the coherence of the structure. The delightful tannins are rounder - even more so than other thick and sunny vintages. This 2008 Lafite-Rothschild ends on a persistent and most agreeable finish. Enthusiast will without a doubt have more than one glass.
To stimulate interest, Salin had pulled out all the stops. Those 2,000 bottles covered 169 vintages taken from the personal family cellar of Baron Éric de Rothschild. Salin had also created a special label for the 2008 vintage.
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. The bottle of 1869 with an estimated price of $8,000? It became the most expensive wine ever sold when the hammer went down at the final price of $233,972. The night had turned into a bidding frenzy, with price after price shattered.
This Bordeaux wine value buying guide page is a list of the top 2008 Bordeaux wines in the market for the money today. These are the best Bordeaux wines from the vintage combining quality, character and price from every major Bordeaux appellation.
For more detailed information on the 2008 Bordeaux vintage, harvest and the wines: 2008 Bordeaux Wine 2008 Bordeaux Wine ValuesSmart money took our advice and bought Lafite as well as all the First Growths for $200 when they were first offered! For tips on other Bordeaux value wines and vintages: Bordeaux Wine Buying Guide Find the Best Bordeaux for the money to buy today (Vintages 1959 to today)
A blend of 51% Cabernet Sauvignon, 35% Merlot and the rest Petit Verdot and Cabernet Franc, the 2008 exhibits graphite, sandalwood, black and red currant, chocolate and damp earth characteristics in its elegant, medium to full-bodied, fresh, lively personality. It is a delicious, luscious, already evolved wine to drink over the next 15+ years. (5/2011)
In 2008 Domaines Barons de Rothschild (Lafite) joined forces with the national Chinese group CITIC with a view to creating a vineyard in China. Of all the Chinese regions that were studied, the Shandong peninsula proved to be the most promising for the production of fine wines both from the point of view of climate and geology. This region already has a long wine-producing tradition, and a vineyard was planted on high quality sloping ground. The Shandong region is about forty minutes south of Penglai, and the vineyard is in the heart of a protected area of 377 hectares.
"A magnificent sleeper of the vintage, the 2008 Duhart Milon is the shrewd consumer's wine to purchase by the case as prices do not yet reflect its qualitative resurgence. Composed of 73% Cabernet Sauvignon and 27% Merlot that came in at 13.09% alcohol, it is a surprisingly intense effort displaying a marvelous texture, plenty of black currant, licorice, unsmoked cigar tobacco and earthy characteristics, a full-bodied mouthfeel and stunning purity as well as density. Enjoy this top-notch 2008 over the next 20-25 years."
The launch of the 2008 en primeur campaign might have passed largely unnoticed if it weren't for the recent release of one of the United State's most influential publications, the Wine Advocate, triumphing the vintage. This is at odds with the general consensus, particularly with regard to Château Lafite Rothschild, often a symbol of winemaking in Bordeaux and certainly one of the most highly regarded wines in the world. Other assessments had already been emerging over the last few weeks and the trade had managed to conduct a discreet and even moderately successful campaign, despite the general quiet in the marketplace. One merchant said his budget was already up 70% on what he had anticipated even before these reports.
On this basis 2008 prices could be compared to 2002, 2004 and 2006 - all available now and all highly regarded wines. Certainly, the 'ceiling' for the value of this wine would be $500 per bottle or thereabouts, if you are a subscriber to the Wine Advocate, nearer $350 if you are a Wine Spectator reader.
For any wine buyer the decision about buying wine en primeur is clouded by the uncertainty of the quality and consistency of the samples tasted at this early stage of the wine making compared to the eventual bottled wine after its élévage. In the past critics have altered their scores for the wines by as much as 12 points (up) and 10 points (down), changing the scores for as many as 100 of the wines first tasted at primeur compared to their bottled counterpart Note 4Evolutions des notes - Robert Parker: B Leguern jQuery('#footnote_plugin_tooltip_1341_1_4').tooltip( tip: '#footnote_plugin_tooltip_text_1341_1_4', tipClass: 'footnote_tooltip', effect: 'fade', predelay: 0, fadeInSpeed: 200, delay: 400, fadeOutSpeed: 200, position: 'top right', relative: true, offset: [10, 10], );. In 2005, for example, Robert Parker changed scores on not less than 20% of the wines he tasted at primeur by as much as 4-5 points either way. Similarly Wine Spectator did the same raising their scores on 13% of the wines by as much as 6%, but decreasing their scores on 6% by as much as 10 points. So there is no question that variation exists between these and, indeed, in the samples themselves which everyone tastes during the primeur tastings in early April after the harvest. This may be particularly true this year (2008) where there were quite a number of inconsistent samples at the tastings, plus the difficulty in tasting some of the samples where the tannins were very high, and this must contribute to the disparity in the perceptions of critics both on the day and in the final result.
It is interesting how much better this vintage was than 2007, and whilst there were differences in the weather which would produce different results one can't help but wonder if some important lessons were learnt. Would it be too much to ask if 2007 hadn't happened, would the 2008 vintage have been as as successful? Alfred Tesseron at Pontet Canet concurs: "in each difficult vintage one learns something. In 2007 we learnt a lot. We managed the vintage [2008] better, certainly from the point of view of viticulture. We were closer to the vineyard. We became more reactive. We were entirely at the disposition of the vineyard without regard to our calendars. When something needed doing we did it immediately, even if it was on Sunday." 041b061a72