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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Château Cheval Blanc

Saint-Émilion's Cabernet Franc first growth, owned by LVMH and the Frère family, on 39 hectares beside the Pomerol border.

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Vineyards (Premier Grand Cru Classé A) near Château Cheval Blanc, Saint-Émilion, France
Richard Semik · Adobe Stock · Adobe Stock Standard License

Château Cheval Blanc reports about 39 hectares of vines on gravel and clay at the border of Saint-Émilion and Pomerol, planted roughly half to Cabernet Franc and half to Merlot. It was Premier Grand Cru Classé A until it withdrew from the 2022 classification. Owned since 1998 by Bernard Arnault (LVMH) and the late Albert Frère's family.

Founded
1832
Region
Bordeaux
Ownership
LVMH (Arnault) and Frère family
Vineyard
39.0 ha96 ac

Wines

Château Cheval Blanc, vintage by vintage

One square for each year. The darker the square, the better the weather was for the grapes. Tap a year to read about it.

ExceptionalExcellentVery goodGoodMixedDifficult
The essentials

Economic profile

Cheval Blanc's 2022 withdrawal from the Saint-Émilion classification — with Ausone and Angélus — was a statement that market standing no longer needed the appellation's endorsement. The grand vin is reported at around 6,000 cases; Le Petit Cheval is the second wine. The estate's Norman Foster-designed winery (2011) is a visible example of the capital that LVMH ownership brings.

The detailsClassification, ownership, land and output
Founded
1832
Classification
Unclassified since withdrawing from the 2022 Saint-Émilion classification (formerly Premier Grand Cru Classé A)
Ownership
LVMH (Arnault) and Frère family (group)
Vineyard holdings
39.0 ha (96 ac)
First vintage made
1832
Grape mix
≈ 52% Cabernet Franc, 43% Merlot, Cabernet SauvignonChâteau Cheval Blanc
Second wine
Le Petit Cheval

We estimate it costs about $28 to $95 to make one bottle at an estate like this. See the full breakdown

Land-value contextWhat a hectare of vineyard sells for around here
InputLowHighUnitSource
Vineyard land, Saint-Émilion2024150,0002,500,000EUR/haSAFER 2024
Vineyard land, Margaux2024900,0002,000,000EUR/haSAFER 2024
Vineyard land, Pauillac20241,700,0004,000,000EUR/haSAFER 2024
Vineyard land, Pomerol20231,500,0003,000,000EUR/haSAFER
Every wine in a tableBottles made, years covered and how hard each is to find
WineBottles made in a typical yearVintages coveredGreat yearsHow rare (0–100)
Château Cheval BlancUnclassified since 2022 (formerly Premier Grand Cru Classé A) · Saint-Émilion108,00036 1990–20251347
Every year in a tableChâteau Cheval Blanc: How each year was rated, and the price the producer first asked
VintageHow the year was ratedRelease priceHow rare (0–100)The growing season
2025Excellent≈$37641A dry summer that cut yields to 15 hl/ha, the lowest in the estate's history, and the…
2024Mixed≈$30941Only 20 mm of rain in each of July and August, well below the 30-year average, then 140…
2023Very Good≈$43042A warm, humid Bordeaux season with mildew pressure, then heat in late August and early…
2022Exceptional≈$52642Hot, dry summer; small berries, low yields, high concentration.
2021Mixed≈$43742Frost, mildew and a cool summer; variable quality and small crops.
2020Excellent≈$42543
2019Excellent≈$41443
2018Excellent≈$59144
2017Good≈$48444
2016Exceptional—45Wet spring then a dry summer; a large, balanced crop widely rated with 2009 and 2010.
2015Excellent—45
2014Very Good—46
2013Difficult—46Cold wet spring, poor flowering, rot at harvest; small crops and severe selection at the…
2012Good—46
2011Good—47
2010Exceptional—47Cool nights and a dry summer gave high tannin and acidity; released at prices above 2009…
2009Exceptional—47Warm, dry, long growing season; widely described as one of the great modern vintages…
2008Very Good—48
2007Mixed—48
2006Very Good—48
2005Exceptional—48
2004Good—48
2003Mixed—49
2002Good—49
2001Very Good—49
2000Excellent—49
1999Good—50
1998Very Good—50
1997Mixed—50
1996Excellent—50
1995Very Good—50
1994——51
1993——51
1992——51
1991——51
1990Exceptional—51

Each dot is the opening price of one bottle as reported in the trade press. A drop from one year to the next is the estate cutting its price to bring buyers back.

Release price by vintage

$200$300$400$500$60020182019202020212022202320242025Release price · 2017-07-01 · $484Release price · 2018-07-01 · $591Release price · 2019-07-01 · $414Release price · 2020-07-01 · $425Release price · 2021-07-01 · $437Release price · 2022-07-01 · $526Release price · 2023-07-01 · $430Release price · 2024-07-01 · $309Release price · 2025-07-01 · $376$ per 75 cl bottle at first offerVintage yearVintages 2017–2025 with a reported release price · sources on the wine page · ≈ converted to USD at the 9 Oct 2026 rate
currency of release, per 75 cl bottle, as reportedSource: named publications, cited on each vintage page

How the years were rated

  • excellent7 vintages
  • very good7 vintages
  • exceptional6 vintages
  • good6 vintages
  • mixed5 vintages
  • difficult1 vintages
Château Cheval Blanc
Chantier dans la cour du Cheval Blanc du château de Fontainebleau. Baidax · Wikimedia Commons · CC BY-SA 4.0
The regionBordeauxThe home of the classic red blend.About the region

Sources

  1. Château Cheval Blanc, 2025. Retrieved 3 September 2026.
Last reviewed: September 2026Profile verified September 2026Report an error on this page