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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Ribera del Duero

Dark, powerful Tempranillo from a high, cold plateau.

Spain · Save

Vineyards in Ribera del Duero

Ribera del Duero in a minute

The grapes
Tempranillo, called Tinto Fino here
What it tastes like
Black fruit, liquorice and oak; fuller and firmer than Rioja.

Good to know

The vineyards sit at 750–1,000 metres, with hot days and freezing nights. Spain’s most expensive wines, Vega Sicilia and Pingus, come from here.

On the label

Crianza, Reserva and Gran Reserva mark the ageing, as in Rioja.

What the land costs

The dearest vineyards here are in Castilla y León average: ≈$27,665 a hectare (2024). Zone by zone

The business side

Ribera del Duero sits at 750–1,000 metres along the upper Duero, with hot days, freezing nights and a short season that gives dark, powerful Tempranillo (called Tinto Fino here). It was almost unknown outside Spain until the 1980s; today it holds the country’s most expensive wines, yet Castilla y León’s irrigated vineyard averages about €25,000 a hectare in the Ministry’s survey, with the famous estates’ land worth many times that.

Economics in brief

Spain’s agriculture ministry puts the 2024 average for irrigated vineyard in Castilla y León at €24,716 a hectare and the national average at €16,327; La Rioja is the dearest region at about €40,000–45,000. Those averages hide the premium for old bush vines on the best Ribera sites, which trade privately and rarely. Costs are moderate and yields low by law (a maximum of 7,000 kg a hectare), and the top estates sell at Bordeaux first-growth prices, so the gap between land cost and bottle price is one of the widest in Europe.

Facts and figures

Vineyard land, Castilla y León (irrigated average)
€24,716 a hectare (2024)Spanish Ministry of Agriculture land-price survey, via Vinetur
Maximum yield
7,000 kg a hectareConsejo Regulador Ribera del Duero
The numbers behind the region: land, grapes, yields and costs

Compare regions

InputRangeUnitYearSource
Land — what a hectare of vineyard sells for
Vineyard land, Castilla y León (irrigated average)The Ministry’s 2024 regional average; Spain’s national average is €16,327 and La Rioja…24,716EUR/ha2024Spanish Ministry of Agriculture land-p…

Where the inputs come from

  1. Spanish Ministry of Agriculture land-price survey 2024, as reported by Vinetur, 31 October 2025

Sources

  1. Spanish vineyard land prices edge up to €16,327 per hectare in 2024 amid regional swings, Vinetur, 2025. Retrieved 6 October 2026.
Last reviewed: October 2026Report an error on this page