Chateau Lafite: Loved by wine lovers and extraordinary for investors
- By: MichaelT Devon
The acclaimed estate of Chateau Lafite Rothschild located in Bordeaux France is owned by members of the Rothschild family who are known as bankers. The name Lafite originates from the Gascon expression 'la hite' which means small hill.
The famed estate of Lafite Rothschild situated in Bordeaux France is owned by members of the Rothschild family who are known as bankers. The name Lafite originates from the Gascon term 'la hite' which means small hill. Lafite's vineyard is one of the largest in the M?doc producing around 35,000 cases of wine annually. Of this around 15,000 to 20,000 are for the famous first growth. Chateau Lafite Rothschild also produces a second wine of less significant distinction called Carruades de Lafite.
Initially, only four wine estates of Bordeaux were granted First Growth status in the 1855 classification of Bordeaux wines, Lafite was one of them. Chateau Lafite Rothschild was and remains a constant maker of the world's most desirable and most expensive wines.
Chateau Lafite is positioned in Pauillac which is in the Medoc area of Bordeaux. Chateau Lafite has existed since the 13th century and was purchased in the seventeenth century by the Segur family. It is likely that vines previously existed on the estatebut in 1680 Jacques de Segur planted the majority of the vineyard which remains today .The Segur family went on to refine the wine making techniques of the estate and actively promoted Chateau Lafite to the most wealthy families of Europe. Chateau Lafite Rothschild went on to be known as the King's wine, thanks to the endorsement of royal families. Thomas Jefferson was a notable fan and buyer.
During the period that followed the French revolution (known as the Reign of Terror), Nicolas Pierre de Pichard was executed and this brought an end to the Segur family's ownership of Lafite as in 1794, the estate became the property of the public . In 1797 the property was sold to a group of Dutch traders.
It wasn't until 1868 that the vineyards were sold to Baron James Mayer Rothschild at a value of 4.4 million francs. It was then that the estate was named Chateau Lafite. Unfortunately Baron James died just three months after acquiring the famous estate and Lafite became the property of his three sons . The 20th century saw highs and lows for Chateau Lafite. The estate was occupied by the German army during the Second World War who looted the wines from the cellars of the estate.
More recently Chateau Lafite Rothschild has gone from strength to strength , cementing its notability as one of the world's finest wines. Historically the record price paid for a bottle of wine was a 1787 bottle of Chateau Lafite which was believed to be owned by Thomas Jefferson. It sold for $156,000 .
Lafite Rothschild is also a firm favourite in the Far East where the new found wealth has seen a tremendous surge in demand both for drinking and investment.
If you can afford to drink it Chateau Lafite can be purchased at specialist wine merchants near you . Alternatively, why not keep it, Lafite can be a fantastic wine investment!
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Chateau Lafite and other exceptional wines of Bordeaux can be purchased from classic Bordeaux vintners(http://classicbordeauxvintners.blogspot.com) and auction houses. Classic Bordeaux Vintners(http://classicbordeauxvintners.wordpress.com), can be found all over the world with the United States, the United Kingdom and Hong Kong being the largest and most active fine wine markets.