why is 1982 lafite so expensive

why is 1982 lafite so expensive

Offered in The Treasury: Finest Wines from a Peerless Collection on 29 September 2022 at Christies in London. 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 . Coordinates: .mw-parser-output .geo-default,.mw-parser-output .geo-dms,.mw-parser-output .geo-dec{display:inline}.mw-parser-output .geo-nondefault,.mw-parser-output .geo-multi-punct{display:none}.mw-parser-output .longitude,.mw-parser-output .latitude{white-space:nowrap}451330N 04623W / 45.22500N 0.77306W / 45.22500; -0.77306. 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. Critic tasting note: "(2002) Similar colour, but has retained more depth at core. The wines were ranked in importance from first to fifth growths (crus), with four first growths listed initially (Mouton Rothschild was added in 1973). The debonair Baron Eric is serious about his wines. Because saliva builds up in the mouth all day, it can alter the taste of wine. 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! Hotlines/WhatsApp. - 94/100, Tom Cannavan, Standard delivery next day Is Chateau Lafite an expensive wine? Cask tastings revealed a vintage of almost Port-like richness and weight. In 2011, he moved forward with planting grapes in Chinas Shandong Province and soon after built a new winery named. 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! The acidity then rushes in at the very end, causing the wine to become longer. Winemakers have discovered that vines which yield a smaller amount of fruit make better wines because there is a greater concentration of flavor in the grapes. The designations remain in force today, putting Lafite at the pinnacle of Bordeaux. 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. Our story, setting a new standard for fine wine investment. Occasionally exceptions are made, such as the 1961 vintage which was 100% Cabernet Sauvignon. In France, Lafite became known as the King's wine, after being introduced to the Court at Versailles by Marchal Richelieu. Not only that, but while Hong Kong had its share of wealthy collectors, wine drinking was not yet widespread in mainland China. That is certainly the case with the 1982 Lafite. GB 129 9514 84 | AWRS No. The 2011 in particular has immense aging potential. Nov 22, 2010. 03606414. First growth, or premier cru class, is the top tier of the Bordeaux classification, a list drawn up under the instruction of Napoleon III in 1855. Duhart-Milon, a separate estate in the Lafite portfolio, is located just west of Lafite. The Clockwork Building, 45 Beavor Lane, London W6 9AR, Reg Company No. Second, the grapes used to make Lafite wine are of the highest quality. 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There are a few factors that contribute to the high cost of Lafite wine. When we discussed the 08, I said, Why dont we do that? Salin recalls. Rather more closed on the nose. In 2011, he moved forward with planting grapes in Chinas Shandong Province and soon after built a new winery named Long Dai. 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. The vineyard is one of the largest in the Mdoc at 107 hectares, and produces around 35,000 cases annually, of which between 15,000 and 25,000 are first growth. We've finally reached the summit of our search for the world's most popular wines. . The Wine and Spirits Wholesalers of America have claimed teenagers are buying wine online. View our latest reports to see how the fine wine market is doing. Learn More >, It was October 2010, and auctioneer Jamie Ritchie of Sothebys was in the room, preparing to open the bidding on top wines of Bordeaux. When the 1855 classification was made, Lafite was listed first among the four first growths earning the reputation 'the first among the firsts'. [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. More importantly, it was one of only four Bordeaux wineries given the top First Growth rating when the regions wine merchants drew up a quality classification in 1855. Finally, the legend of Lafite '82 is shared by those in the community: first a group of Hong Kong tycoons started drinking it, when it was considered a status symbol to drink Lafite, and choosing an '82 Lafite was a reflection of taste; then it became popular among a group of Wenzhou businessmen living in Europe to drink a wine called Lafite, and now it is the businessmen from Zhejiang, in addition to Wenzhou, who are starting to speculate on Lafite '82. With Christmas around the corner, here's this year's best Bordeaux in case you need to stock up. 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. An auction of some of the region's best wines will raise funds to help Ukrainian victims of Russian aggression. The wines are then released to wholesalers, who get it at a lower price than everybody else. Within the five rarefied first growths, Lafite is perhaps the wine with the best reputation for quality and longevity, commanding correspondingly high prices. 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. Grapes must be planted in well-drained soil, which is rich in fine, deep gravel and aeolian sand. 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. 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. A bottle of 1869 Chteau Lafite Rothschild holds the world record for the most expensive bottle of wine sold at auction for $233,973 in 2010. Serious collectors dont deal in small fry, but are their chequebooks up to the cash demands of the most expensive wines in the world? Chteau Lafite Rothschild is a wine estate in the Pauillac region of the Mdoc, producing one of the most sought-after and expensive red wines in the world. The significant role played by bitcoin for businesses! The first reference dates back to 1234 and the name Lafite derives from the historic language term fite, which means mound or hillock, and describes their plateau which is one of the highest spots in the appellation. This website uses cookies so that we can provide you with the best user experience possible. Chateau Lafite is considered an expensive wine, but its price point varies depending on the vintage. I was blessed to have drunk quite a number of Petrus vintages. 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. - London - United Kingdom, Jacob K Javits Convention Center Rather more closed on the nose. Estimated to reach $8,000, it sold for $233,972, making it the most expensive 750ml bottle of wine on the planet. Sold in 2004, this is regarded as one of the most expensive American wines ever sold. Brand Third, Lafite ages its wine for a longer period of time than most other producers. Regardless of whether the Lafite is in a bottle or a magnum, it should be included in your fine wine collection. This rare six-litre bottle of Bordeaux wine was sold to a private collector during a sale at Christies in Geneva. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Its vines are Cabernet Sauvignon, Cabernet Franc and Marselan. Sometimes small imperfections add complexity in a wine. In some cases, it will be different depending on the vintage character. The 1982 Chteau Lafite-Rothschild, from magnum, is a bit rough around the edges, but still striking in its beauty. Because his zodiac sign was Aries, Baron Philippe de Rothschild depicted two rams in his coat of arms. I was so happy that day! Cabernet Sauvignon is the dominant variety, but in some vintages Cabernet Franc, Petit Verdot and Merlot play a part in the blend. It became the most expensive wine ever sold when the hammer went down at the final price of $233,972. 06350591 | VAT No. A single night in Hong Kong in 2010 proved a turning point in the history of wine. Chateau Margaux creeps into the top 10 again with its limited edition 12-litre 2009 vintage. The fresh wine was then aged in new barriques, produced at Lafites own cooperage, for almost two years before bottling. The estate then became the joint property of his three sons: Alphonse, Gustave and Edmond Rothschild. Yes, take me to the Asia edition The mood inside the Mandarin Oriental, one of Hong Kongs most luxurious hotels, was anxious. Stored in bonded warehouse with duty and sales tax suspended. The designations remain in force today, putting Lafite at the pinnacle of Bordeaux. 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. Critics have scored this wine 95 points. If you disable this cookie, we will not be able to save your preferences. Stores and prices for '1982 Chateau Lafite Rothschild, Pauillac' | tasting notes, market data, prices and stores in Singapore. There is no doubt that this is one of the best Bordeaux wines ever made. They should be fine 2017 is potentially a very good vintage. Phone: +254 727 612 142. Cabernet Sauvignon, Merlot, Cabernet Franc & Petit Verdot. As our search for the world's most popular wines nears its end, we visit one of the great regions. The price of other Bordeaux wines rose as well. This beverage is very sleek, full of black tea, currant, and crushed fig fruit, as well as subtle smoke, incense, and tar. It was rated second class after being classified as Deuxime Grand Cru in 1855. For power there are other chteaux, but for elegance and finesse, then Lafite should be your wine. This was an headline vintage of outstanding quality throughout Bordeaux, with ripeness levels not seen for many years. Discover what else your investment offers. Inglenook Cabernet Sauvignon Napa Valley, 1941 17,250. Not only was the wine famous, it was also a First Growth chateaux. 2022 Distillery.Sale All rights reserved. It looks like a hill, and Lafite is located on the slope of a hill. Fourth, Lafite is one of the most prestigious wine producers in the world. Maybe youre looking for the perfect prosecco to bring to a surprise party. 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. There is a deep seam of black plum and liquorice with some nuances of minerals and earth, but this is deep, dense and savoury. 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. Wholesalers' Online Wine Claims Don't Stand Up, Chile Seduces China and a Winemaker Romance, Some Comfort for Wine Ponzi Scheme Victims, Popularity relative to other wines, spirits and beers, Chateau Lafite Rothschild 'Carruades de Lafite', Chateau Lafite Rothschild Vertical Collection, Chateau Lafite Rothschild The Almanac Case, Chateau Lafite Rothschild 'Carruades de Lafite' The Curve Vertical. Why is Petrus so expensive apart from the common logic of supply and demand? I have been fortunate to taste Lafite on many occasions. Salin had not only helped open up the Chinese market for fine wines, he was now helping to open Western markets to prestige wines made in China. Well, youd hardly keep it under the stairs, would you? to put under the hammer. Since then, the overall Chinese wine market has become globally significant. And it was our thank you to China for helping us through the years., But what happened that night wasnt just a coup for Lafite. Bordeaux and French wines in general had made a practice of catering to large wallets and fine palates around the world, always with an eye on the next market. And Salin had another plan in motion. ! 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. Annual production ranges between 15,000 to 20,000 cases, depending on the vintage. Found to be the most expensive wine in the world on the market currently, Henri Jayers Richebourg Cru taking top spot has surprised oenophiles everywhere, with many assuming a Romanee-Conti would take poll position. In 1982, Lafite became the representative of high-end wine in the eyes of most Chinese people because of the promotion of Hong Kong movies, and then became the representative of the entire wine community. Every year, a different artist is commissioned by the winery. At the beginning of ageing, the quality of 2017 red wines from vineyards spared by frost are proving to be satisfactory to very good. In-stock and available for sale at the price shown. [3] Although vines almost certainly already existed on the site, around 1680, Jacques de Sgur planted the majority of the vineyard. However, it should be difficult for you to buy a real bottle of 82 Lafite nowadays, as it is relatively rare and some wine merchants and collectors do not offer it easily, so we can only look at it from afar but not play with it. Once again, the 1982 Lafite is at its peak (i.e. So drinking a bottle of 1982 Lafite Rothschild meant you were enjoying the best wine made, and if you in turn gave a bottle as a gift . 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. In Bordeaux, as almost anywhere else in the world of fine wine, wines get more expensive as they get older, and that effect accelerates the older the wine becomes. 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. The wine producers were classified according to a chteau's reputation and trading price, which, at that time, was directly related to quality. French wine production from the 2017 harvest will fall to historic lows due to damage from spring frosts, officials have estimated. The price of other Bordeaux wines, Since then, the overall Chinese wine market has become globally significant. Irrespective of whether in bottles or magnums or larger, Lafite should be an important part of your fine wine collection. 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. So, what makes Lafite wine so expensive? The wine is without a doubt one of the best Bordeaux wines to come out. 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. Estimate: 3,0004,000. 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? Chateau Lafite Rothschild 1982 Cheval Blanc 1982 Petrus 1982. 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. 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 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. The 1982, considered one of the best vintages of last century . - Dusseldorf - Germany. World Class Wine. Wine investment insights delivered straight into your inbox weekly. The grape varieties are Cabernet Sauvignon (70 per cent), Merlot (25 per cent), Cabernet Franc (3 per cent) and Petit Verdot (2 per cent). It was a vintage that many experts at the time were down on: a vintage that was seen as fruity, seductive, over-ripe and youthful before it was even bottled, but without enough tannins to support it and make it difficult for it to develop in the bottle, lacking the makings of a great wine. If youre looking for a special bottle of wine to splurge on, Lafite is a great option. The palate is wonderfully concentrated and sonorous; it seems to extend in a column of dense black fruit. The 2008 was a good, but not great, vintage and the scores it had achieved from the all-important wine critics reflected that. Find out more about the people who make it work. 6 bottles per lot. Price starts low and is sold to the highest bidder. The estate is now known as Rubicon, owned by Francis Ford Coppola, who allegedly keeps an empty bottle of this vintage on top of his fridge. Bloomberg Best features the best stories of the day from Bloomberg Radio, Bloomberg Television, and 120 countries around the world. Chteau Lafite Rothschild is undoubtedly one of the worlds most prestigious and collectable wines. Limited availability. 2 magnums per lot. Discover our range of fine wines from around the world. It is deeply impressive. But what happened that night wasnt just a coup for Lafite. Salin had also created a special label for the 2008 vintage. The mystique extends beyond the wine in Beijing, there is a La Fite. To give you the best search experience, we use cookies for remembering your search filters, personalizing content, and analyzing how the website is used. A case of 1982 Chateau Lafite helped Christie's International raise $819,715 in its first exclusively online wine auction yesterday. The vintage 1869 bottles -- sold in a single lot -- went for multiples more than expected . A year after he took over the management in 1974, he hired Professor Emile Peynaud as consultant. Privacy Policy, The Treasury: Finest Wines from a Peerless Collection. The Krug 1928 set a new record in 2009 at Acker Merrall & Condits first ever Hong Kong sale. Chateau Margaux, 2009 - 122,380. The Chardonnay at Chteau Lafite Rothschild is always more Merlot than the grand vin. 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. Great length and probably a few years off its peak. He enjoys participating in the final blending, though is willing to be overruled by his team of professionals. 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. The bottles had been shipped directly from Lafites own cellars; among them, a bottle of 1869 Lafite, its price estimated at $8,000. 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. Wine Lists. If you continue to use this site we will assume that you are happy with it. 2010 saw a return to form. When it went for $233,972, it became the most expensive wine ever sold. 1982 Bottle (750ml) 1982 Chateau Lafite Rothschild, 750 ml. Direct from the producer, in-stock and available for sale at the price shown. - New York - USA, Messe Dusseldorf Wine Investment, Tagged: Lafite "is such a generic brand in China that it has widespread appeal as a name and as a status symbol," Mr. Boyce said. Composition: 65% Cabernet Sauvignon, 29% Merlot, 6% Cabernet Franc, Release price: 170 francs per bottle (around 17), which rose on the export market to 225Fr (22.50), Price today: between 47,000 and 54,000 per case (3,915 to 4,500 a bottle) and rising. It . For this chart, Im including just 750 ml bottles (the standard) of red wine produced since 1950. Lafite, derived from the historic language term fite, which means mound or hillock, is said to have been first used in 1234. You can find out more about which cookies we are using or switch them off in settings. 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. He claims that the 10s brought a new energy to structure. Slightly high-toned, highly nuanced nose of currant, roasted meat, cedar, marzipan, smoke . Pauillac is a well-regardeda commune and appellation on Bordeaux's Mdoc peninsula. The 1982 vintage was a turning point, after which the quality of Lafite began to become solid. Discover how your secure fine wine investment is stored. Should go on for decades." 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. The problem was that the Chinese had never bought much at En Primeur, Salin recalled recently. We reach the climax of our series on the world's most searched-for wines, but there's a surprising omission. Lafite was one of five wine-producing chateaus of Bordeaux originally awarded First Growth status in the 1855 Classification. Talk about opening with a bang! It might say Bordeaux in the name, but this isn't some celebration of French wine dominance. Lafite is approachable in youth with a beautiful fragrant fruit character, however it will be fascinating to taste their younger vintages, such as 2009, 2010, 2015 and 2016 when they are fully matured. Photo courtesy of DBR Lafite. The harvest began early, on 16 September. It is considered by some to be the best wine to come out of Bordeaux. Why is lafite so expensive? The soil is deep gravel on perfectly drained, gently undulating slopes. Within the five rarefied first growths, Lafite is perhaps the wine with the best reputation for quality and longevity, commanding correspondingly high prices. It has a fruity taste with a hint of oak. When Salin joined Lafite as its new director in 1985, he intended to use Lafites reputation to full advantage. 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. Learn More >, The Drop is an online magazine that connects people to wines theyll love. The wines were ranked in importance from first to fifth growths (crus), with four first growths listed initially (Mouton Rothschild was added in 1973). Wine drinkers should begin drinking wine about 11 a.m. to 1 p.m. to get the best flavor. Although it eventually cooled after reaching. More shipping infoShipping info. A case of 1982 Chateau Lafite helped Christies International raise $819,715 in its first exclusively online wine auction yesterday. A variety of chteaux can be used for power, but Lafite is the ideal wine for elegance and grace. That initial purchase was the start to Lafite Rothschild becoming the most expensive, sought after brand in the Chinese and Asian markets. Winemaking practices have changed little at Lafite. Since then, Parker's reputation has grown, his following has grown, and his influence has grown. Wine-Searcher's historical data and benchmark analysis provides trustworthy and valuable insights into likely market trends. When Salin joined Lafite as its new director in 1985, he intended to use Lafites reputation to full advantage. A bottle of Lafite can cost upwards of $500, making it one of the most expensive wines on the market. Although it eventually cooled after reaching about 80 million cases of wine in 2017, China had in a few short years asserted itself as a wine-buying nation equal to anywhere in Europe or the Americas. 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. Analysis of the reasons for this may be as follows. In China the name Lafite has the most extraordinary and unexpected resonance. Although it is less than 1 million a bottle of Kande red wine, I can't bear to drink it when I buy it back. Chteau Lafite-Rothschild 1986. 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. Then it indirectly helped to advertise Lafite '82. Acidities were fairly low, but the best wines, such as Lafite, had sufficient tannic grip and structure to ensure a long, interesting life. To stimulate interest, Salin had pulled out all the stops. 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. There are two seriously beautiful vintages on our hands, and theyre both fantastic. Why is Lafite so expensive? Ritchie took his place and the bidding began. (2002) Similar colour, but has retained more depth at core. (AG) (3/2014) Good full, deep red. The history of Chteau Lafite Rothschild is rich and fascinating. In China, they wanted to drink Lafite with Sprite. Salin remembers. In 1868 the Chteau was purchased by Baron James Mayer Rothschild for 4.4 million francs, and the estate became Chteau Lafite Rothschild. A look at the Bordeaux vintage that retailers are backing as the best in years. The best Chateau Lafite Rothschild should be aged at least 15 years in a glass. 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. Some of the world's most famous wines. 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. 12 bottles per lot. Pauillac is a well-regarded a commune and appellation on Bordeaux's Mdoc peninsula. 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.

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why is 1982 lafite so expensive

why is 1982 lafite so expensive

why is 1982 lafite so expensive

why is 1982 lafite so expensive

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