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 Latour 2003

2003 was a mixed year in Bordeaux. Some estates did well and others struggled.

Save · All vintages of Château Latour · Compare

Château Latour, Pauillac, Bordeaux
Jordi Muray · Adobe Stock · Adobe Stock Standard License

What to expect

Quality varied from estate to estate, so the name on the label matters more than usual.

25 of the 30 years we cover for this wine were rated higher.

A decanter and a glass of red wine on a white tablecloth in a panelled dining room
The year
Mixed
Last sold at auction for
≈$557a bottle · Christie's, Mar 2026

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.

ExceptionalExcellentVery goodGoodMixedDifficult

What bottles sell for

At auction, standard bottles of this vintage have sold for between ≈$518 and ≈$1,019 each, across 27 sales since March 2021.

Every sale on record55 lots, each linked to the auction house
$400$600$800$1,00020222023202420252026HKD per 75 cl bottle · 2021-03-26 · $796HKD per 75 cl bottle · 2021-11-25 · $1,019HKD per 75 cl bottle · 2022-04-12 · $863HKD per 75 cl bottle · 2022-05-20 · $929HKD per 75 cl bottle · 2022-05-22 · $850HKD per 75 cl bottle · 2022-11-24 · $730HKD per 75 cl bottle · 2022-11-24 · $996HKD per 75 cl bottle · 2023-05-23 · $708HKD 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 · 2023-11-27 · $664HKD per 75 cl bottle · 2023-11-27 · $664HKD per 75 cl bottle · 2023-11-27 · $664HKD per 75 cl bottle · 2024-05-31 · $664HKD per 75 cl bottle · 2024-05-31 · $664HKD per 75 cl bottle · 2024-05-31 · $669HKD per 75 cl bottle · 2024-07-02 · $557HKD per 75 cl bottle · 2024-10-03 · $664HKD per 75 cl bottle · 2024-10-03 · $669HKD per 75 cl bottle · 2024-12-04 · $597HKD per 75 cl bottle · 2024-12-04 · $597HKD per 75 cl bottle · 2025-03-10 · $597HKD per 75 cl bottle · 2025-04-23 · $637HKD per 75 cl bottle · 2025-05-21 · $584HKD per 75 cl bottle · 2025-11-20 · $518HKD per 75 cl bottle · 2026-03-16 · $557USD per bottle: lot price ÷ bottles in the lotSale date27 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
May 2026Christie'sFine and Rare Wines Online: Los Angeles Edition (sale 24553) · Los Angeles · lot 104 × 75 cl$2,750$688
Mar 2026Christie'sFine and Rare Wines & Spirits Online: Hong Kong Edition (sale 24459) · Hong Kong · lot 38812 × 75 cl≈$6,690≈$557
Dec 2025Christie'sThe Historic Cellar of Jürgen Schwarz: Five Decades of Collecting, Day I (sale 23766) · New York · lot 833 × 150 cl$4,000$1,333
Nov 2025Christie'sICONIC WINES FROM JOSEPH LAU PART IV (sale 23981) · Hong Kong · lot 50284 × 75 cl≈$2,071≈$518
May 2025Christie'sICONIC WINES FROM JOSEPH LAU PART III (sale 23980) · Hong Kong · lot 256 × 75 cl≈$3,504≈$584
Apr 2025Christie'sFine and Rare Wines Online: London Edition (sale 23891) · London · lot 56 × 75 cl≈$3,638≈$606
Apr 2025Christie'sFine and Rare Wines Online: Hong Kong Edition (sale 23907) · Hong Kong · lot 3781 × 75 cl≈$637≈$637
Mar 2025Christie'sFine and Rare Wines Online: Hong Kong Edition (sale 23906) · Hong Kong · lot 32412 × 75 cl≈$7,168≈$597
Feb 2025Christie'sFine and Rare Wines Online: LA Edition (sale 23748) · Los Angeles · lot 143 × 75 cl$2,250$750
Dec 2024Christie'sThe Cellar in the Mountain: Pristine Wines from the Skigaarden Collection (sale 23081) · London · lot 2705 × 75 cl≈$3,142≈$628
Dec 2024Christie'sFinest and Rarest Wines & Spirits: Featuring A Superb Family Collection from North America (sale 23191) · Hong Kong · lot 912 × 75 cl≈$7,168≈$597
Dec 2024Christie'sFinest and Rarest Wines & Spirits: Featuring A Superb Family Collection from North America (sale 23191) · Hong Kong · lot 812 × 75 cl≈$7,168≈$597
Oct 2024Christie'sFine and Rare Wines & Spirits Online: London Edition (sale 23031) · London · lot 86 × 75 cl≈$3,638≈$606
Oct 2024Christie'sThe Epic Cellar Part II (sale 23200) · Hong Kong · lot 233 × 300 cl≈$7,646≈$2,549
Oct 2024Christie'sThe Epic Cellar Part II (sale 23200) · Hong Kong · lot 223 × 300 cl≈$7,646≈$2,549
Oct 2024Christie'sThe Epic Cellar Part II (sale 23200) · Hong Kong · lot 213 × 300 cl≈$7,646≈$2,549
Oct 2024Christie'sThe Epic Cellar Part II (sale 23200) · Hong Kong · lot 2010 × 75 cl≈$6,690≈$669
Oct 2024Christie'sThe Epic Cellar Part II (sale 23200) · Hong Kong · lot 1912 × 75 cl≈$7,964≈$664
Jul 2024Christie'sFine and Rare Wines & Spirits Online: Featuring An Exceptional Private Cellar Part III - Moutai x Whisky (sale 23195) · Hong Kong · lot 4081 × 75 cl≈$557≈$557
May 2024Christie'sThe Epic Cellar (sale 23190) · Hong Kong · lot 50513 × 300 cl≈$7,964≈$2,655
May 2024Christie'sThe Epic Cellar (sale 23190) · Hong Kong · lot 50503 × 300 cl≈$7,964≈$2,655
May 2024Christie'sThe Epic Cellar (sale 23190) · Hong Kong · lot 50493 × 300 cl≈$8,761≈$2,920
May 2024Christie'sThe Epic Cellar (sale 23190) · Hong Kong · lot 504810 × 75 cl≈$6,690≈$669
May 2024Christie'sThe Epic Cellar (sale 23190) · Hong Kong · lot 504712 × 75 cl≈$7,964≈$664
May 2024Christie'sThe Epic Cellar (sale 23190) · Hong Kong · lot 504612 × 75 cl≈$7,964≈$664
Apr 2024Christie'sLe Gavroche Part II: The Wine Cellar (sale 22983) · London · lot 29716 × 75 cl≈$10,749≈$672
Nov 2023Christie'sFine and Rare Wines & Spirits Online: Festive Edition (sale 22117) · Hong Kong · lot 26112 × 75 cl≈$7,964≈$664
Nov 2023Christie'sFine and Rare Wines & Spirits Online: Festive Edition (sale 22117) · Hong Kong · lot 26012 × 75 cl≈$7,964≈$664
Nov 2023Christie'sFine and Rare Wines & Spirits Online: Festive Edition (sale 22117) · Hong Kong · lot 25912 × 75 cl≈$7,964≈$664
Nov 2023Christie'sFine and Rare Wines & Spirits Online: Festive Edition (sale 22117) · Hong Kong · lot 25812 × 75 cl≈$7,964≈$664
Nov 2023Christie'sFine and Rare Wines & Spirits Online: Festive Edition (sale 22117) · Hong Kong · lot 25712 × 75 cl≈$7,964≈$664
Nov 2023Christie'sThe Dr A. Botenga Cellar: Six Decades of Collecting Part I (sale 22122) · Hong Kong · lot 50566 × 75 cl≈$4,779≈$796
Sep 2023Christie'sFine and Rare Wines Online: Featuring a Superb Collection from the Pacific Northwest (sale 22074) · Los Angeles · lot 23612 × 75 cl$8,125$677
Sep 2023Christie'sFine and Rare Wines Online: Featuring a Superb Collection from the Pacific Northwest (sale 22074) · Los Angeles · lot 2353 × 75 cl$2,375$792
May 2023Christie'sFinest and Rarest Wines: Featuring Four Stunning Cellars & Library Vintages Direct From Château Léoville Poyferré (sale 22120) · Hong Kong · lot 50526 × 150 cl≈$7,964≈$1,327
May 2023Christie'sFinest and Rarest Wines: Featuring Four Stunning Cellars & Library Vintages Direct From Château Léoville Poyferré (sale 22120) · Hong Kong · lot 50519 × 75 cl≈$6,371≈$708
Apr 2023Christie'sFinest and Rarest Wines & Spirits (sale 21934) · London · lot 1579 × 75 cl≈$6,945≈$772
Apr 2023Christie'sFinest and Rarest Wines & Spirits (sale 21934) · London · lot 1112 × 75 cl≈$9,922≈$827
Apr 2023Christie'sFinest and Rarest Wines & Spirits (sale 21934) · London · lot 1012 × 75 cl≈$9,922≈$827
Apr 2023Christie'sFinest and Rarest Wines & Spirits (sale 21934) · London · lot 96 × 75 cl≈$4,630≈$772
Nov 2022Christie'sICONIC WINES FROM JOSEPH LAU PART II (sale 22019) · Hong Kong · lot 50121 × 600 cl≈$7,646≈$7,646
Nov 2022Christie'sICONIC WINES FROM JOSEPH LAU PART II (sale 22019) · Hong Kong · lot 501112 × 75 cl≈$11,946≈$996
Nov 2022Christie'sFinest and Rarest Wines & Spirits (sale 21214) · Hong Kong · lot 631912 × 75 cl≈$8,761≈$730
Sep 2022Christie'sThe Treasury: Finest Wines from a Peerless Collection (sale 21095) · London · lot 812 × 75 cl≈$10,749≈$896
Sep 2022Christie'sThe Treasury: Finest Wines from a Peerless Collection (sale 21095) · London · lot 712 × 75 cl≈$10,749≈$896
Sep 2022Christie'sThe Treasury: Finest Wines from a Peerless Collection (sale 21095) · London · lot 612 × 75 cl≈$10,749≈$896
May 2022Christie'sThe Ultimate Private Collection Featuring The Greatest Burgundies Part II (sale 21086) · Hong Kong · lot 67703 × 75 cl≈$2,549≈$850
May 2022Christie'sTHE VISIONARY'S SPECTACULAR CELLAR (sale 21212) · Hong Kong · lot 50316 × 75 cl≈$5,575≈$929
Apr 2022Christie'sICONIC WINES FROM JOSEPH LAU (sale 21211) · Hong Kong · lot 812 × 75 cl≈$10,353≈$863
Mar 2022Christie'sFinest & Rarest Wines Including a Collaboration with Grapes for Humanity Global Charity Foundation (sale 20967) · Los Angeles · lot 7212 × 75 cl$10,000$833
Mar 2022Christie'sFinest & Rarest Wines Including a Collaboration with Grapes for Humanity Global Charity Foundation (sale 20967) · Los Angeles · lot 7112 × 75 cl$10,000$833
Dec 2021Christie'sFinest and Rarest Wines & Spirits: Featuring Historic Vintages from Perrier-Jouët, Legendary Whisky from Le Clos and an Evening Sale of Treasures from a Rediscovered Chalk Cellar (sale 20064) · London · lot 20212 × 75 cl≈$10,533≈$878
Dec 2021Christie'sFinest and Rarest Wines & Spirits: Featuring Historic Vintages from Perrier-Jouët, Legendary Whisky from Le Clos and an Evening Sale of Treasures from a Rediscovered Chalk Cellar (sale 20064) · London · lot 20112 × 75 cl≈$12,153≈$1,013
Nov 2021Christie'sFinest and Rarest Wines (sale 19867) · Hong Kong · lot 60245 × 75 cl≈$5,097≈$1,019
Mar 2021Christie'sFinest and Rarest Wines and Spirits Featuring A Superlative Private Collection (sale 19854) · Hong Kong · lot 3212 × 75 cl≈$9,557≈$796
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

Last reviewed: September 2026Report an error on this page