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 land costs in Bordeaux

The home of the classic red blend.

About Bordeaux · All regions

Vineyards in Bordeaux

The dearest land here is Pauillac: ≈$1,902,810–≈$4,477,200 a hectare (2024). The cheapest is Bordeaux AOC, everyday, at ≈$4,477–≈$15,670 a hectare.

Zone by zone

  1. ≈$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.

  2. ≈$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.

  3. ≈$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.

  4. ≈$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.

  5. Bordeaux AOC, everyday
    ≈$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.

Bars are drawn against the dearest zone here, on a rough rate of one dollar to 0.9 euros and 2.47 acres to the hectare.

What the land adds to a bottle

What a bottle costs to make →

If the vineyard were sold and the money put in the bank, this is what it would earn each year, spread over the bottles the land produces. It is the biggest line in the cost of a famous wine.

The bar is the land’s share of the whole cost of making the bottle, at the high end of each estimate.

The regionBordeauxThe home of the classic red blend.About the region

Sources

  1. SAFER / FNSAFER, Le prix des terres 2024 — the official 2024 vineyard-value table (Décision du 26 août 2025, from SAFER data) as reproduced by Fidecorex, 10 February 2026, 2024.
  2. SAFER / FNSAFER, Le prix des terres — as reported by iDealwine, 'Combien coûte un hectare de vigne ?', updated 1 October 2025, 2023.

Other regions

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