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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Argentina

The fifth-largest wine producer in the world, Malbec its calling card, with cheap land and an economy that makes everything else expensive.

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A wine scene in Mendoza
Pictured: Mendoza

About 200,000 hectares of vines, three-quarters of them in Mendoza. Land is inexpensive; inflation, currency controls and imported equipment are the costs that matter.

The essentials

Economic facts that matter

Vineyard plots in the Uco Valley have been sold to foreign investors at US$70,000–150,000 a hectare; export prices for the top Malbecs sit alongside good Bordeaux.

Key facts

Vineyard area
≈ 200,000 haINV

Regions

RegionMendozaMalbec at the foot of the Andes: a high desert made green by snowmelt, where a hectare of vineyard still…

US imports from Argentina

$0.00$10$20$30$40201520172019202120232025US$ millions per month, customs valueYearMonthly, 2015–2026 · HS 2204, wine of fresh grapes · Source: U.S. Census Bureau
US$ millions per month, customs value, HS 2204 (wine of fresh grapes)Source: U.S. Census Bureauas of 1 August 2026

Sources

  1. Owning a vineyard lot or home in the Mendoza wine region of Argentina, Luxury Latin America, 2024. Retrieved 6 October 2026.
Last reviewed: October 2026Report an error on this page

Related

RegionMendoza