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 Palmer

A third growth that trades like a first: 66 hectares in Margaux, biodynamic since 2014, owned by the Sichel and Mahler-Besse families.

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Château Palmer, Margaux
PA · Wikimedia Commons · CC BY-SA 4.0

Château Palmer reports 66 hectares of vines, unusually Merlot-heavy for the Médoc, and has been certified biodynamic since the 2014 vintage. Its market price has long exceeded its 1855 rank.

Founded
1814
Region
Bordeaux
Ownership
Sichel and Mahler-Besse families
Vineyard
66.0 ha163 ac

Wines

Château Palmer, 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

Palmer is the standard example of the market overriding the classification: a third growth whose grand vin sells at second-growth prices or above. Production is reported by the trade at around 10,000–12,000 cases; Alter Ego is the second wine.

The detailsClassification, ownership, land and output
Founded
1814
Classification
Troisième Grand Cru Classé, 1855
Ownership
Sichel and Mahler-Besse families (family)
Vineyard holdings
66.0 ha (163 ac)
First vintage made
1814
Grape mix
≈ 47% Merlot, 47% Cabernet Sauvignon, Petit VerdotChâteau Palmer
Farming
Biodynamic, certified from 2014

We estimate it costs about $17 to $61 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, Margaux2024900,0002,000,000EUR/haSAFER 2024
Vineyard land, Pauillac20241,700,0004,000,000EUR/haSAFER 2024
Vineyard land, Pomerol20231,500,0003,000,000EUR/haSAFER
Vineyard land, Saint-Émilion2024150,0002,500,000EUR/haSAFER 2024
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 PalmerTroisième Grand Cru Classé, 1855 · Margaux—31 1995–202511—
Every year in a tableChâteau Palmer: How each year was rated, and the price the producer first asked
VintageHow the year was ratedRelease priceHow rare (0–100)The growing season
2025—≈$268—
2024———
2023Very Good——
2022Exceptional≈$330—Hot, dry summer; small berries, low yields, high concentration.
2021Mixed≈$269—Frost, mildew and a cool summer; variable quality and small crops.
2020Excellent≈$269—
2019Excellent≈$180—
2018Excellent≈$269—
2017Good≈$215—
2016Exceptional≈$269—Wet spring then a dry summer; a large, balanced crop widely rated with 2009 and 2010.
2015Excellent——
2014Very Good——
2013Difficult——Cold wet spring, poor flowering, rot at harvest; small crops and severe selection at the…
2012Good——
2011Good——
2010Exceptional——Cool nights and a dry summer gave high tannin and acidity; released at prices above 2009…
2009Exceptional——Warm, dry, long growing season; widely described as one of the great modern vintages…
2008Very Good——
2007Mixed——
2006Very Good——
2005Exceptional——
2004Good——
2003Mixed——
2002Good——
2001Very Good——
2000Excellent——
1999Good——
1998Very Good——
1997Mixed——
1996Excellent——
1995Very Good——

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

$150$200$250$300$3502018202020222024Release price · 2016-07-01 · $269Release price · 2017-07-01 · $215Release price · 2018-07-01 · $269Release price · 2019-07-01 · $180Release price · 2020-07-01 · $269Release price · 2021-07-01 · $269Release price · 2022-07-01 · $330Release price · 2025-07-01 · $268$ per 75 cl bottle at first offerVintage yearVintages 2016–2025 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

  • very good7 vintages
  • excellent6 vintages
  • good6 vintages
  • exceptional5 vintages
  • mixed4 vintages
  • difficult1 vintages
The regionBordeauxThe home of the classic red blend.About the region

Sources

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