Introducing Lafite Rothschild
Lafite Rothschild is undoubtedly the creme de la creme of all first growths. Here, we take a closer look on Lafite Rothschild.
Owner: Baron Eric de Rothschild
Classification: Premier Grand Cru (First Growth)
Vineyard area: 112 hectares
Standard blend: Cabernet Sauvignon (80-95%), Merlot (5-20%), Cabernet Franc (0-5%), and Petit Verdot (0-5%).
Total annual production: 420,000 to 480,000 bottles
During the wine market boom led by the huge influx of Chinese buyers, from 2009-2011, Lafite was the most sought-after brand in China. Prices skyrocketed, even more than the other first growths. In just two years, Lafite index has went up a whopping 140%.
For those who are sceptical of Lafite’s popularity, let’s take for example Lafite Rothschild 2008. In October 2010, it was announced that the label of Lafite Rothschild 2008 will carry a Chinese character of the number 8, which signifies abundance and wealth. The market responded positively that trades went up 67% instantly compared to the month before.
When the China-fueled bubble started to burst, Lafite’s index started to decline and fell 37% in two years.
Lafite’s recovery started from beginning 2016. It’s recovery is nothing short of remarkable. It’s the best performing first growth being up 29.2% and it even outperformed the Fine Wine 50 which is up 25%.