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: about 8,000–10,000 cases from 39 hectares beside Pomerol, sold through the Place de Bordeaux.

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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's grand vin is unusual in Bordeaux for its Cabernet Franc majority. Aged about 18 months in new oak, it is produced in around 8,000–10,000 cases by trade reporting and sells en primeur. Le Petit Cheval is the second wine.

Made by
Château Cheval Blanc
From
Saint-Émilion, Bordeaux
Style
RedCabernet Franc, Merlot
Bottles made in a typical year
108K
The kind of wine

Bordeaux first growth

A red from one of the five top-ranked estates of Bordeaux. Every barrel is new, the grapes are picked by hand, and the wine waits more than a year and a half before bottling.

What a bottle like this costs to make

A decanter and a glass of red wine on a white tablecloth in a panelled dining room

Good years and bad

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
The essentials

The wine and its economics

Château Cheval Blanc's grand vin is unusual in Bordeaux for its Cabernet Franc majority. Aged about 18 months in new oak, it is produced in around 8,000–10,000 cases by trade reporting and sells en primeur. Le Petit Cheval is the second wine.

Every year in a tableHow each year was rated, and the price the producer first asked
VintageHow the year was ratedRelease priceHow rare (0–100)The growing season
2025Excellent ≈$376 41A dry summer that cut yields to 15 hl/ha, the lowest in the estate's history, and the…
2024Mixed ≈$309 41Only 20 mm of rain in each of July and August, well below the 30-year average, then 140…
2023Very Good ≈$430 42A warm, humid Bordeaux season with mildew pressure, then heat in late August and early…
2022Exceptional ≈$526 42Hot, dry summer; small berries, low yields, high concentration.
2021Mixed ≈$437 42Frost, mildew and a cool summer; variable quality and small crops.
2020Excellent ≈$425 43
2019Excellent ≈$414 43
2018Excellent ≈$591 44
2017Good ≈$484 44
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
 Release price is what the producer first asked for a bottle. A dash means no price was published.

Find by year and rating

Release price by vintageWhat the producer asked for a bottle, year by year

Each dot is the price the producer asked for one bottle when that vintage was first offered, as reported in the trade press. A falling line is the producer cutting its opening price, usually because the previous vintage sold slowly; a rising one is confidence after a strong year.

$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 listed in the table above · ≈ converted to USD at the 9 Oct 2026 rate
as reported, in the currency of release, per 75 cl bottleSource: named publications, cited on each vintage page
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.

ComponentLowHigh
Imputed land cost$11.34$43.88
Vineyard operations$3.31$10.24
Oak barrels$0.56$1.61
Winemaking labour and cellar work$2.50$5.00
Cellar aging$1.20$2.96
Bottle, closure, label, case and bottling$4.90$13.40
Winery overhead$3.00$7.00
Financing over the aging period$1.61$10.89
Estimated winery production cost$28.42$94.98
 One standard bottle, at the winery door. Built in US dollars and shown in your chosen currency.

See the full breakdown

Recent auction resultsWhat bottles of this wine fetched when collectors sold them
Sale dateVintageHouse and saleFormatLot pricePer bottle
Sep 20261999Christie'sFine and Rare Wines & Spirits Online: London Edition (sale 24534) · lot 1702 × 75 cl≈$1,158≈$579 with premium
Sep 20262018Christie'sFine and Rare Wines & Spirits Online: London Edition (sale 24534) · lot 166 × 75 cl≈$2,646≈$441 with premium
Sep 20262018Christie'sFine and Rare Wines & Spirits Online: London Edition (sale 24534) · lot 1512 × 75 cl≈$5,292≈$441 with premium
Sep 20262018Christie'sFine and Rare Wines & Spirits Online: London Edition (sale 24534) · lot 1412 × 75 cl≈$5,788≈$482 with premium
Sep 20262017Christie'sFine and Rare Wines & Spirits Online: London Edition (sale 24534) · lot 131 × 300 cl≈$2,150≈$2,150 with premium
Sep 20262005Christie'sFine and Rare Wines & Spirits Online: London Edition (sale 24534) · lot 1212 × 75 cl≈$9,922≈$827 with premium
Jul 20262000Christie'sFine & Rare Wines: Featuring The Reserve Cellar and 50th Anniversary Wines Direct From Stag's Leap Wine Cellars (sale 24555) · lot 11702 × 75 cl$1,750$875 with premium
Jul 20262004Christie'sFine & Rare Wines: Featuring The Reserve Cellar and 50th Anniversary Wines Direct From Stag's Leap Wine Cellars (sale 24555) · lot 11691 × 150 cl$812$812 with premium
Jul 20262004Christie'sFine & Rare Wines: Featuring The Reserve Cellar and 50th Anniversary Wines Direct From Stag's Leap Wine Cellars (sale 24555) · lot 11686 × 75 cl$2,500$417 with premium
Jul 20262007Christie'sFine & Rare Wines: Featuring The Reserve Cellar and 50th Anniversary Wines Direct From Stag's Leap Wine Cellars (sale 24555) · lot 11676 × 75 cl$2,375$396 with premium
Jun 20262005Christie'sThe Opulent Cellar: Online (sale 24463) · lot 786 × 75 cl≈$3,823≈$637 with premium
Jun 20262000Christie'sThe Opulent Cellar: Online (sale 24463) · lot 776 × 150 cl≈$8,761≈$1,460 with premium
 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.

All lots on record

The detailsClassification, grapes, bottle sizes and the rest
Producer
Château Cheval Blanc
Region
Bordeaux
Appellation
Saint-Émilion
Classification
Unclassified since 2022 (formerly Premier Grand Cru Classé A)
Style
Red · Cabernet Franc–Merlot, Saint-Émilion
Grape composition
Cabernet Franc, Merlot≈ 50–60%; ≈ 40–50%
Bottle sizes
375 · 750 · 1500 · 3000 ml
Bottles made in a typical year
108,000 bottlesNot published by the estate; The Wine Cellar Insider puts the grand vin at 8,000–10,000 cases a year — Corkonomics uses the midpoint, 9,000 cases (108,000 bottles)
First vintage made
1832
Great years
13 of 32 rated excellent or exceptional

Comparable wines

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The smallest first growth by production and the most Merlot-heavy, from a vineyard inside the Bordeaux suburbs.
Château Lafite Rothschild, Bordeaux

Château Lafite Rothschild

The grand vin of Lafite: the most traded first growth of the 2000s and the wine that defined the Bordeaux bubble and its collapse.
Château Latour, Pauillac, Bordeaux

Château Latour

The grand vin from the Enclos — 47 hectares around the château — released only when the estate judges it ready since it left en primeur with the 2011 vintage.
Château Lynch-Bages

Château Lynch-Bages

The fifth growth with the deepest secondary market below the first growths — large production, every vintage traded.
Château Margaux in Bordeaux, France

Château Margaux

The grand vin of Château Margaux: roughly 130,000 bottles from a third of the crop, 100% new oak, and a modern reputation built on 1982, 1990, 2000, 2010 and 2015.
Château Mouton Rothschild

Château Mouton Rothschild

The artist-label first growth: the largest grand vin production among the five, and a collectible market that prices the label as well as the wine.

Sources

  1. Château Cheval Blanc — producer profile, The Wine Cellar Insider, 2025. Retrieved 22 September 2026. typical annual production
  2. Château Cheval Blanc, 2025. Retrieved 3 September 2026.
Last reviewed: September 2026Report an error on this page