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 2005

2005 was an exceptional year in Bordeaux: about as good as it gets.

Save · All vintages of Château Cheval Blanc · Compare

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

What to expect

Expect a rich, complete wine that can keep improving for decades.

No year of this wine is rated higher. It shares the top mark with 5 others out of the 32 we cover.

A decanter and a glass of red wine on a white tablecloth in a panelled dining room
The year
Exceptional
Last sold at auction for
≈$637a bottle · Christie's, Jun 2026
How hard to find
Getting scarce21 years old

Other vintages of this wine

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

202520242023202220212020201920182017201620152014201320122011201020092008200720062005200420032002200120001999199819971996
ExceptionalExcellentVery goodGoodMixedDifficult

What bottles sell for

At auction, standard bottles of this vintage have sold for between ≈$557 and ≈$929 each, across 17 sales since May 2022.

Every sale on record54 lots, each linked to the auction house
$500$600$700$800$900$1,0002023202420252026HKD per 75 cl bottle · 2022-05-20 · $929HKD per 75 cl bottle · 2022-11-24 · $796HKD per 75 cl bottle · 2022-11-24 · $796HKD per 75 cl bottle · 2023-05-23 · $730HKD per 75 cl bottle · 2023-09-13 · $664HKD per 75 cl bottle · 2023-09-13 · $664HKD per 75 cl bottle · 2023-09-13 · $730HKD per 75 cl bottle · 2023-11-23 · $743HKD per 75 cl bottle · 2023-11-23 · $796HKD per 75 cl bottle · 2023-11-27 · $664HKD per 75 cl bottle · 2023-11-27 · $664HKD per 75 cl bottle · 2024-10-25 · $796HKD per 75 cl bottle · 2024-12-04 · $557HKD per 75 cl bottle · 2024-12-04 · $557HKD per 75 cl bottle · 2025-04-23 · $605HKD per 75 cl bottle · 2026-02-02 · $743HKD per 75 cl bottle · 2026-06-22 · $637USD per bottle: lot price ÷ bottles in the lotSale date17 lots of 75 cl bottles sold in USD at Christie's · prices as published by each house · ≈ converted to USD at the 9 Oct 2026 rate
Sale dateHouse and saleFormatLot pricePer bottle
Sep 2026Christie'sFine and Rare Wines & Spirits Online: London Edition (sale 24534) · London · lot 1212 × 75 cl≈$9,922≈$827
Jun 2026Christie'sThe Opulent Cellar: Online (sale 24463) · Hong Kong · lot 786 × 75 cl≈$3,823≈$637
May 2026Christie'sFinal Treasures from the Wine Cellar of Andrew Lloyd Webber (sale 24806) · London · lot 12112 × 75 cl≈$10,749≈$896
Mar 2026Christie'sAn Exemplary Collection of Domaine Armand Rousseau alongside Rarities from the Cellar of Ian Mill KC (sale 24532) · London · lot 27412 × 75 cl≈$9,922≈$827
Feb 2026Christie'sThe Historic Cellar of Jürgen Schwarz: Five Decades of Collecting Part II (sale 24460) · Hong Kong · lot 1036 × 75 cl≈$4,460≈$743
Jul 2025Christie'sFine and Rare Wines Online: Hong Kong Edition Featuring The Cellar of a Meticulous Wine Lover Part II (sale 23908) · Hong Kong · lot 881 × 150 cl≈$1,434≈$1,434
Apr 2025Christie'sFine and Rare Wines Online: Hong Kong Edition (sale 23907) · Hong Kong · lot 4091 × 75 cl≈$605≈$605
Dec 2024Christie'sFine and Rare Wines including Vintage Icons from a West Coast Cellar and Historic Port from the Cellars of Raby Castle (sale 23100) · Los Angeles · lot 12012 × 75 cl$9,375$781
Dec 2024Christie'sPristine Bordeaux Classics: The Directors Collection (sale 24053) · Los Angeles · lot 826 × 150 cl$8,750$1,458
Dec 2024Christie'sFinest and Rarest Wines & Spirits: Featuring A Superb Family Collection from North America (sale 23191) · Hong Kong · lot 6112 × 75 cl≈$6,690≈$557
Dec 2024Christie'sFinest and Rarest Wines & Spirits: Featuring A Superb Family Collection from North America (sale 23191) · Hong Kong · lot 6012 × 75 cl≈$6,690≈$557
Oct 2024Christie'sA Life Well Lived: The Remarkable Cellar of Melina and Dr N.K. Yong (sale 23199) · Hong Kong · lot 51593 × 75 cl≈$2,389≈$796
Oct 2024Christie'sFine and Rare Wines Online: LA Edition (sale 23133) · Los Angeles · lot 4912 × 75 cl$9,375$781
Oct 2024Christie'sFine and Rare Wines Online: LA Edition (sale 23133) · Los Angeles · lot 4812 × 75 cl$8,750$729
Oct 2024Christie'sFine and Rare Wines Online: LA Edition (sale 23133) · Los Angeles · lot 4712 × 75 cl$9,375$781
Oct 2024Christie'sThe Epic Cellar Part II (sale 23200) · Hong Kong · lot 671 × 600 cl≈$6,053≈$6,053
May 2024Christie'sThe Epic Cellar (sale 23190) · Hong Kong · lot 51671 × 600 cl≈$7,646≈$7,646
May 2024Christie'sThe Epic Cellar (sale 23190) · Hong Kong · lot 51661 × 500 cl≈$6,053≈$6,053
Apr 2024Christie'sLe Gavroche Part II: The Wine Cellar (sale 22983) · London · lot 4489 × 75 cl≈$9,095≈$1,011
Apr 2024Christie'sFine and Rare Wines Online: Featuring a Superlative Collection of Grand Cru Burgundy (sale 23030) · London · lot 3256 × 150 cl≈$9,095≈$1,516
Dec 2023Christie'sFine and Rare Wines & Spirits Online: London Edition (sale 23055) · London · lot 32912 × 75 cl≈$8,268≈$689
Dec 2023Christie'sFine and Rare Wines & Spirits Online: London Edition (sale 23055) · London · lot 3222 × 150 cl≈$3,142≈$1,571
Nov 2023Christie'sFine and Rare Wines & Spirits Online: Festive Edition (sale 22117) · Hong Kong · lot 28712 × 75 cl≈$7,964≈$664
Nov 2023Christie'sFine and Rare Wines & Spirits Online: Festive Edition (sale 22117) · Hong Kong · lot 28612 × 75 cl≈$7,964≈$664
Nov 2023Christie'sThe Dr A. Botenga Cellar: Six Decades of Collecting Part I (sale 22122) · Hong Kong · lot 53926 × 75 cl≈$4,460≈$743
Nov 2023Christie'sThe Dr A. Botenga Cellar: Six Decades of Collecting Part I (sale 22122) · Hong Kong · lot 53916 × 75 cl≈$4,779≈$796
Oct 2023Christie'sFine and Rare Wines & Spirits Online: Continental Cellars (sale 23054) · London · lot 3921 × 300 cl≈$2,811≈$2,811
Oct 2023Christie'sFine and Rare Wines & Spirits Online: Continental Cellars (sale 23054) · London · lot 3903 × 150 cl≈$3,969≈$1,323
Oct 2023Christie'sFine and Rare Wines & Spirits Online: Continental Cellars (sale 23054) · London · lot 3896 × 75 cl≈$4,299≈$717
Sep 2023Christie'sFinest and Rarest Wines & Spirits (sale 22121) · Hong Kong · lot 526 × 150 cl≈$8,761≈$1,460
Sep 2023Christie'sFinest and Rarest Wines & Spirits (sale 22121) · Hong Kong · lot 516 × 150 cl≈$8,761≈$1,460
Sep 2023Christie'sFinest and Rarest Wines & Spirits (sale 22121) · Hong Kong · lot 5012 × 75 cl≈$7,964≈$664
Sep 2023Christie'sFinest and Rarest Wines & Spirits (sale 22121) · Hong Kong · lot 4912 × 75 cl≈$7,964≈$664
Sep 2023Christie'sFinest and Rarest Wines & Spirits (sale 22121) · Hong Kong · lot 4812 × 75 cl≈$8,761≈$730
Jun 2023Christie'sFinest and Rarest Wines & Spirits (sale 21936) · London · lot 596 × 150 cl≈$10,583≈$1,764
Jun 2023Christie'sFinest and Rarest Wines & Spirits (sale 21936) · London · lot 586 × 150 cl≈$10,583≈$1,764
Jun 2023Christie'sFinest and Rarest Wines & Spirits (sale 21936) · London · lot 576 × 150 cl≈$10,583≈$1,764
Jun 2023Christie'sFinest and Rarest Wines & Spirits (sale 21936) · London · lot 566 × 150 cl≈$10,583≈$1,764
Jun 2023Christie'sFinest and Rarest Wines & Spirits (sale 21936) · London · lot 556 × 150 cl≈$10,583≈$1,764
Jun 2023Christie'sFinest and Rarest Wines & Spirits (sale 21936) · London · lot 5412 × 75 cl≈$9,922≈$827
Jun 2023Christie'sFinest and Rarest Wines & Spirits (sale 21936) · London · lot 5312 × 75 cl≈$10,749≈$896
Jun 2023Christie'sFinest and Rarest Wines & Spirits (sale 21936) · London · lot 5212 × 75 cl≈$10,749≈$896
Jun 2023Christie'sFinest and Rarest Wines & Spirits (sale 21936) · London · lot 5112 × 75 cl≈$10,749≈$896
Jun 2023Christie'sFinest and Rarest Wines & Spirits (sale 21936) · London · lot 5012 × 75 cl≈$10,749≈$896
May 2023Christie'sFinest and Rarest Wines: Featuring Four Stunning Cellars & Library Vintages Direct From Château Léoville Poyferré (sale 22120) · Hong Kong · lot 502112 × 75 cl≈$8,761≈$730
Apr 2023Christie'sFinest and Rarest Wines & Spirits (sale 21934) · London · lot 4446 × 75 cl≈$5,788≈$965
Dec 2022Christie'sFine and Rare Wines Online: LA Edition (sale 20971) · Los Angeles · lot 16612 × 75 cl$9,375$781
Dec 2022Christie'sFine and Rare Wines Online: LA Edition (sale 20971) · Los Angeles · lot 1653 × 75 cl$2,125$708
Nov 2022Christie'sFinest and Rarest Wines & Spirits (sale 21214) · Hong Kong · lot 611712 × 75 cl≈$9,557≈$796
Nov 2022Christie'sFinest and Rarest Wines & Spirits (sale 21214) · Hong Kong · lot 611612 × 75 cl≈$9,557≈$796
Nov 2022Christie'sFine and Rare Wines Online: Geneva Edition (sale 20946) · Geneva · lot 15012 × 75 cl≈$12,037≈$1,003
Sep 2022Christie'sThe Treasury: Finest Wines from a Peerless Collection (sale 21095) · London · lot 8712 × 75 cl≈$10,749≈$896
Sep 2022Christie'sThe Treasury: Finest Wines from a Peerless Collection (sale 21095) · London · lot 8612 × 75 cl≈$10,749≈$896
May 2022Christie'sTHE VISIONARY'S SPECTACULAR CELLAR (sale 21212) · Hong Kong · lot 518312 × 75 cl≈$11,150≈$929
 Prices are in the currency of each sale. Christie’s and Sotheby’s include the buyer’s fee; Hart Davis Hart shows the price before it.

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What does this wine cost to make?Our estimate: $28–$95 a bottle

We estimate it costs about $28 to $95 to make one bottle of a wine like this. The price in the shop is far higher because the land is scarce, the name is famous, and many hands take a share on the way to you.

Low estimateImputed land cost: $11.34Vineyard operations: $3.31Oak barrels: $0.56Winemaking labour and cellar work: $2.50Cellar aging: $1.20Bottle, closure, label, case and bottling: $4.90Winery overhead: $3.00Financing over the aging period: $1.61$28 per bottleHigh estimateImputed land cost: $43.88Vineyard operations: $10.24Oak barrels: $1.61Winemaking labour and cellar work: $5.00Cellar aging: $2.96Bottle, closure, label, case and bottling: $13.40Winery overhead: $7.00Financing over the aging period: $10.89$95 per bottleImputed land costVineyard operationsOak barrelsWinemaking labour and cellar workCellar agingBottle, closure, label, case and bottlingWinery overheadFinancing over the aging periodUS$ per 75 cl bottle at the winery, before any margin, tax or transport · Corkonomics cost model

See the full breakdown

Sources

  1. Château Cheval Blanc — producer profile, The Wine Cellar Insider, 2025. Retrieved 22 September 2026. typical annual production
Last reviewed: September 2026Report an error on this page