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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What vineyard land costs

What a hectare of vines sells for in the famous regions, zone by zone, from the official land tables and trade reports. The dearest farmland in the world is here.

A hectare of grand cru vineyard in Burgundy can cost more than a thousand hectares of everyday Bordeaux. The land under a vine is the single biggest reason one bottle costs ten times another.

Figures are what the official land tables and trade reports give for each zone, in the unit they publish. To draw them on one scale the bars use a rough rate of one dollar to 0.9 euros and 2.47 acres to the hectare; the printed figure is always the original.

The dearest vineyard land in the world

More than a million euros a hectare.

  1. Côte de Nuits grand cruBurgundy
    ≈$4,477,200–≈$13,431,600a hectare · 2019

    The top rank of Burgundy, divided among many owners and almost never sold. The most expensive vineyard land in the world.

  2. ≈$1,902,810–≈$4,477,200a hectare · 2024 · down 17% on 2023

    Deep gravel banks beside the Gironde, three of the five first growths, and almost no land ever comes up for sale.

  3. ≈$1,678,950–≈$3,357,900a hectare · 2023

    A tiny plateau of clay and gravel suited to Merlot, about 800 hectares in all, with some of the most expensive wines in the world.

  4. Côte d’Or premier cruBurgundy
    ≈$1,164,072–≈$2,854,215a hectare · 2024

    The second rank, on the middle of the same slopes.

  5. ≈$167,895–≈$2,798,250a hectare · 2024

    A wide appellation: the plateau and slopes around the town fetch the top prices, the flat land towards the river far less.

  6. ≈$1,119,300–≈$2,798,250a hectare · 2024

    The named slopes such as Cannubi: south-facing, rich in limestone marl, and the Barolos collectors want most.

  7. ≈$436,527–≈$2,492,681a hectare · 2024

    The chalk slope south of Épernay where the best Chardonnay for Champagne grows; the grand cru villages fetch the top of the range.

  8. ≈$1,007,370–≈$2,238,600a hectare · 2024 · down 7% on 2023

    The gravel of the southern Médoc with a first growth of its own; prices sit just below Pauillac.

  9. ≈$372,727–≈$1,825,578a hectare · 2024

    The Pinot Noir hill above Reims, with its grand cru villages.

  10. ≈$1,119,300–≈$1,790,880a hectare · 2024 · up 8% on 2023

    The 'roasted slope': steep terraces above the Rhône, worked by hand, and a small, famous appellation.

  11. ≈$559,650–≈$1,511,055a hectare · 2024

    A single granite hill of about 135 hectares. There is no official price because plots almost never change hands.

  12. Champagne AOC averageChampagne
    ≈$1,175,265–≈$1,343,160a hectare · 2024

    The appellation as a whole: small, strictly limited and fully planted, so even an ordinary plot is dear.

  13. ≈$559,650–≈$1,343,160a hectare · 2024

    The appellation as a whole across its eleven villages.

  14. $300,000–$500,000an acre · 2025

    The benchland of Oakville, Rutherford and St Helena on the valley's west side: well-drained gravel and loam, warm days, cool nights, and the names behind the most sought-after Cabernets.

  15. Côte d’Or villageBurgundy
    ≈$1,007,370–≈$1,175,265a hectare · 2024

    Vineyards that carry a village name, lower on the slope.

Famous, and still costly

Between a quarter of a million and a million euros a hectare.

  1. Napa Valley, other sitesNapa Valley
    $120,000–$340,000an acre · 2025

    Valley-floor and outlying sites: good land without the famous benchland names.

  2. ≈$279,825–≈$671,580a hectare · 2024

    A young coastal appellation made famous by the super Tuscans; land has risen quickly as estates expand.

  3. ≈$335,790–≈$671,580a hectare · 2024

    The limestone and clay slopes of a hilltop town, and a wine that commands high prices.

  4. $100,000–$250,000an acre · 2025

    Cool, foggy land at the top of San Francisco Bay, prized for sparkling wine and Pinot Noir rather than Cabernet.

  5. ≈$481,464–≈$601,830a hectare · 2016

    Alpine terraces in the sunniest part of Switzerland, farmed by hand, with a home market that pays Swiss prices for Swiss wine. No official figure exists; this is the latest published one.

  6. ≈$559,650–≈$593,229a hectare · 2024 · up 2% on 2023

    Round stones and warm sun; the largest fine-wine appellation of the southern Rhône.

  7. Mosel, top steep sitesMosel
    ≈$167,895–≈$447,720a hectare · 2024

    Slate slopes so steep they can only be worked by hand, facing the sun above the river, with the famous vineyard names.

  8. Russian River and Sonoma CoastSonoma
    $100,000–$150,000an acre · 2025

    Fog from the Pacific makes this Pinot Noir and Chardonnay country, at a third of what Napa’s Cabernet benchland costs.

  9. Alsace, Haut-RhinAlsace
    ≈$15,670–≈$335,790a hectare · 2024

    From flat land growing grapes for crémant to the terraced grands crus, the widest spread of prices in any French region.

  10. SancerreLoire
    ≈$212,667–≈$319,000a hectare · 2024

    The most sellable white in France. A hillside of flint and chalk whose name every wine list knows.

  11. Willamette ValleyOregon
    $40,000–$120,000an acre · 2024

    Cool-climate Pinot Noir country at a fraction of Burgundy's price.

Good vineyards at everyday prices

Under a quarter of a million euros a hectare.

  1. MarlboroughMarlborough
    ≈$158,791–≈$224,440a hectare · 2025

    The gravel plains that grow most of the world’s Sauvignon Blanc, valued every year in an official report. Values have eased from their 2023 peak.

  2. Chianti ClassicoTuscany
    ≈$89,544–≈$223,860a hectare · 2024

    Hill country between Florence and Siena, and a lot of it, so prices stay well below Montalcino.

  3. BandolProvence
    ≈$123,123–≈$167,895a hectare · 2024

    Terraces of Mourvèdre above the Mediterranean, the serious red of Provence.

  4. TasmaniaTasmania
    ≈$139,580–≈$174,475a hectare · 2025

    Australia’s cool island, where demand for Pinot Noir and sparkling grapes has outrun supply for years.

  5. Uco ValleyMendoza
    $70,000–$150,000a hectare · 2024

    High desert at the foot of the Andes, cool nights and stony soils for Malbec, and land still cheap by Californian standards.

  6. ≈$44,772–≈$134,316a hectare · 2024

    Spain's classic region has plenty of land, so prices stay modest even for good vineyards.

  7. Kent and SussexEngland
    ≈$39,687–≈$52,916an acre · 2025

    Chalk downs like Champagne’s, a warming climate, and Champagne houses planting there. Very little suitable land ever reaches the open market.

  8. Moulin-à-VentBeaujolais
    ≈$89,544–≈$123,123a hectare · 2024

    The grandest of the Beaujolais crus, on pink granite under an old windmill; Burgundy growers priced out of the Côte d’Or have bought here.

  9. Bourgogne regionalBurgundy
    ≈$33,579–≈$119,765a hectare · 2024

    The regional appellation on the flat land and the outer hills.

  10. Etna DOCEtna
    ≈$50,368–≈$106,334a hectare · 2024

    Old bush vines in volcanic sand up to a thousand metres, and wines now compared with Burgundy. The official value lags far behind what buyers pay in the best contrade.

  11. ArboisJura
    ≈$33,579–≈$72,754a hectare · 2024

    A tiny region whose oxidative whites became a sommelier obsession; the land stays cheap because little of it is ever sold and hail and frost take many crops.

  12. Mosel, averageMosel
    ≈$16,790–≈$67,158a hectare · 2024

    Flatter, less famous land along the river: some of the cheapest vineyard in any classic region.

  13. Barossa ValleyBarossa Valley
    $55,000a hectare · 2025

    Some of the oldest vines on earth, but a glut after China closed its doors in 2020 pushed land to the cheapest of any famous region.

  14. StellenboschStellenbosch
    ≈$48,391–≈$60,489a hectare · 2024

    The Cape’s oldest district, between granite mountains; the land is worth more for houses than for vines, which is why the vineyard area keeps shrinking.

  15. Côtes de ProvenceProvence
    ≈$39,176–≈$50,368a hectare · 2024

    The source of the world’s pale rosé. The vines are modestly priced; the estates and their brands are not.

  16. ChinonLoire
    ≈$13,432–≈$44,772a hectare · 2024

    Cabernet Franc on the Loire’s south bank, admired by critics and still a tenth of Sancerre’s price: the name is less known.

  17. Castilla y León averageRibera del Duero
    ≈$27,665a hectare · 2024

    The high plateau of Ribera del Duero, home of Spain’s most expensive wines on land that averages a modest sum; the famous estates’ plots are the exception.

  18. Beaujolais and Beaujolais-VillagesBeaujolais
    ≈$4,477–≈$22,386a hectare · 2024

    The everyday Gamay of the southern Beaujolais: among the cheapest appellation vineyard in France after decades of falling demand.

  19. Côtes du RhôneRhône
    ≈$7,835–≈$20,147a hectare · 2024

    The everyday regional appellation across the valley.

  20. Bordeaux AOC, everydayBordeaux
    ≈$4,477–≈$15,670a hectare · 2024

    The everyday appellation across the whole region. There is more wine than buyers, so land here has been falling in price for years.

Why

Why one hectare costs more than another

There is no more of it

An appellation is drawn on a map by law. Burgundy’s grands crus, Pomerol, Hermitage: the famous zones are small and cannot grow, so a plot only comes up when a family sells.

The site itself

Gravel that drains, a slope that faces the sun, fog that cools the afternoon, chalk or slate underfoot. The best plots make better grapes every year, and everyone knows which they are.

What the wine sells for

Land is worth what the wine from it earns. A hectare that yields five thousand bottles at a hundred euros each supports a price no vineyard of everyday wine can.

Region by region

Pick a region

Each page shows the zones, why each costs what it does, and what the land adds to a bottle.

France · 4 zones

Burgundy

≈$13,431,600 a hectare at the top

Côte de Nuits grand cru

France · 5 zones

Bordeaux

≈$4,477,200 a hectare at the top

Pauillac

Italy · 2 zones

Piedmont

≈$2,798,250 a hectare at the top

Barolo top crus

France · 3 zones

Champagne

≈$2,492,681 a hectare at the top

Côte des Blancs

France · 4 zones

Rhône

≈$1,790,880 a hectare at the top

Côte-Rôtie

United States · 2 zones

Napa Valley

$500,000 an acre at the top

Prime Napa benchland

Italy · 3 zones

Tuscany

≈$671,580 a hectare at the top

Bolgheri DOC

United States · 1 zone

California sparkling

$250,000 an acre at the top

Carneros

Switzerland · 1 zone

Valais and Lavaux

≈$601,830 a hectare at the top

Valais

Germany · 2 zones

Mosel

≈$447,720 a hectare at the top

Mosel, top steep sites

United States · 1 zone

Sonoma

$150,000 an acre at the top

Russian River and Sonoma Coast

France · 1 zone

Alsace

≈$335,790 a hectare at the top

Alsace, Haut-Rhin

France · 2 zones

Loire

≈$319,000 a hectare at the top

Sancerre

United States · 1 zone

Oregon

$120,000 an acre at the top

Willamette Valley

New Zealand · 1 zone

Marlborough

≈$224,440 a hectare at the top

Marlborough

Australia · 1 zone

Tasmania

≈$174,475 a hectare at the top

Tasmania

France · 2 zones

Provence

≈$167,895 a hectare at the top

Bandol

Argentina · 1 zone

Mendoza

$150,000 a hectare at the top

Uco Valley

Spain · 1 zone

Rioja

≈$134,316 a hectare at the top

Rioja DOCa

United Kingdom · 1 zone

England

≈$52,916 an acre at the top

Kent and Sussex

France · 2 zones

Beaujolais

≈$123,123 a hectare at the top

Moulin-à-Vent

Italy · 1 zone

Etna

≈$106,334 a hectare at the top

Etna DOC

France · 1 zone

Jura

≈$72,754 a hectare at the top

Arbois

Australia · 1 zone

Barossa Valley

$55,000 a hectare at the top

Barossa Valley

South Africa · 1 zone

Stellenbosch

≈$60,489 a hectare at the top

Stellenbosch

Spain · 1 zone

Ribera del Duero

≈$27,665 a hectare at the top

Castilla y León average

Where the figures come from, and how often they change

France publishes an official table of vineyard values every year (SAFER, “Le prix des terres”), appellation by appellation; the 2024 table came out in August 2025. Italy’s figures come from CREA and the trade press, Spain’s from the agriculture ministry’s land-price survey, Germany’s from the Rhineland-Palatinate statistics office, and the United States has no official table, so Napa, Carneros and Oregon use broker and trade reports. Famous plots rarely trade at all, which is why the top of each range is often an estimate. The page is updated when a new table is published.

All the vineyard figures, side by side · What grapes fetch