1982 Chateau Lafite Rothschild up 12.9% at Christie's



2015-06-26 13:01:20

1982 Chateau Lafite Rothschild up 12.9% at Christie's

11 bottles of the 1982 vintage from Chateau Lafite Rothschild starred in New York

Bordeaux's Chateau Lafite Rothschild headlined Christie's Fine and Rare Wines auction on October 12, with the 1982 selling above estimate in New York.

1982 Chateau Lafite Rothschild The 1982 growing season was unusually warm in Bordeaux

Eleven bottles of the prized vintage sold for $33,880, achieving a 12.9% increase on the $24,000-30,000 estimate. A second lot of nine bottles sat comfortably withinits $20,000-28,000 valuation, selling for $24,200.

1982 saw an unusually warm growing season in Bordeaux, resulting ingrapes of perfect ripeness that displayed both concentration and richness. While some of the lesser estates had difficulty in controlling fermentation, these problems were not seen at Lafite and the wine now stands as one of their best.

Thevintage has been criticised for the rich Napa-like luxury in its taste and some believed that 1982 would have a particularly short life. This has since been disproved, with the bottles at auction nowat prime maturity according to Christie's.

The highest selling Burgundy of the sale wasafour bottle lotof 1969 Romanee Conti, which sold for $29,040 against a $24,000-32,000 estimate. Also from Romanee-Contiwas a single bottle of the illustrious 1999 vintage - considered to be one of the vineyard's finest - which made $13,310.

Also selling well were five magnums of Chateau Petrus' 1975 vintage, which brought an 8.9% increase on the $15,000-20,000 valuation,making $21,780. Petrus has been one of the most successful Bordeaux wines of 2012 so far, with strong results seen across the board.

Paul Fraser Collectibles provides all the latest news and investment advice on wine collecting.

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