CorkonomicsThe economics of wine production, collection, and vineyards
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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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Counterfeits and authenticity

Why the most valuable wines are the most faked, how producers respond, and what a buyer can check.

A magnifying glass over the cork of an old bottle

Published 3 September 2026 · Reviewed September 2026 · Corkonomics editorial ·

Counterfeit wine is a documented problem at the top of the market — where a single bottle can be worth tens of thousands of dollars and where verification is hard. The Kurniawan case showed fakes passing through major auction houses; producers have since added tags, engraving and registers. The practical defence is provenance.

What gets faked

The wines with the highest value per bottle and the longest history: DRC, Pétrus, old Lafite, Mouton and Latour, top Burgundy domaines. Old vintages are easiest to fake because few people know what they should taste like and labels can be reproduced.

Gloved hands holding an old bottle up to a lamp to check the level of the wine

Producer responses

Proof tags with unique codes, laser-engraved bottles, tamper-evident capsules, and in some cases blockchain registers of every bottle released. These help with recent vintages; they do nothing for a 1961.

What a buyer can check

Provenance above all: where has the bottle been, in whose records, since release. Condition consistent with age. A seller who can answer questions. Corkonomics records seller, location and condition on any price observation it holds for this reason: wide price dispersion between sellers is one symptom of a market where authenticity is uncertain.

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What this is
Education, not advice
Part of
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Last reviewed: September 2026Report an error on this page

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