CorkonomicsThe economics of wine production, collection, and vineyards
The numbers
Vineyard land · Pauillac≈$2,798,250 a hectare▼ down 17% on 20232024Opening price · Château Lafite Rothschild 2025≈$376 a bottle▲ up 17% on the year beforeSold at auction · Romanée-Conti Grand Cru, DRC 2019$22,917 a bottleSotheby's, Sep 2026Cost to make one bottle · Burgundy grand cru (Pinot Noir)$48–283US duty on wine from · Canada+50%since Aug 2026Everyday bottle in a US shop$13.77 a litre▼ down 1.3% in a yearSep 2026Vineyard land · Margaux≈$1,567,020 a hectare▼ down 7% on 20232024Opening price · Château Cheval Blanc 2025≈$376 a bottle▲ up 22% on the year beforeSold at auction · La Tâche Grand Cru, DRC 2018$5,417 a bottleSotheby's, Sep 2026Cost to make one bottle · Champagne prestige cuvée$26–89US duty on wine from · Australia+12.5%since Jul 2026Vineyard land · Côte-Rôtie≈$1,511,055 a hectare▲ up 8% on 20232024Opening price · Château Mouton Rothschild 2025≈$336 a bottle▲ up 19% on the year beforeSold at auction · Richebourg Grand Cru, DRC 2012$3,542 a bottleSotheby's, Sep 2026Cost to make one bottle · Bordeaux classified growth (2nd–5th)$17–61US duty on wine from · New Zealand+12.5%since Jul 2026Vineyard land · Côte de Nuits grand cru≈$7,275,450 a hectare2019Opening price · Château Palmer 2025≈$268 a bottle▼ down 19% on the year beforeVineyard land · Pomerol≈$2,238,600 a hectare2023
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Rioja Alta

The classic heart of Rioja: Haro's station district, La Rioja Alta, López de Heredia and Marqués de Murrieta's Ygay estate.

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Rioja Alta
Zarateman · Wikimedia Commons · CC0

The cooler, higher western sub-zone where the long-aged gran reservas are made.

The essentials

Economics in brief

The cooler, higher western sub-zone where the long-aged gran reservas are made.

Key facts

Sub-zone
Rioja Alta (one of three; with Alavesa and Oriental)Consejo Regulador

The numbers, for the curious

All regions →
InputLowMidHighUnitSource
Gran reserva minimum aging2024 606060monthsConsejo Regulador DOCa Rioja
Tempranillo grapes, Rioja2024 112EUR/kgGobierno de La Rioja / trade reporting
Vineyard land, Rioja DOCa2024 40,00080,000120,000EUR/haMinisterio de Agricultura

Where the inputs come from

  1. Consejo Regulador DOCa Rioja
  2. Gobierno de La Rioja / trade reporting
  3. Ministerio de Agricultura, Encuesta de precios de la tierra

Producers

The regionRiojaSpain's classic red, mellowed by years in oak.About the region
Last reviewed: September 2026Report an error on this page