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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 Margaux 2003

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

Save · All vintages of Château Margaux · Compare

Château Margaux in Bordeaux, France
robertdering · 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.

26 of the 32 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
≈$386a bottle · Christie's, Sep 2025
How hard to find
Getting scarce23 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 ≈$386 and ≈$620 each, across 32 sales since June 2021.

Every sale on record60 lots, each linked to the auction house
$300$400$500$6002022202320242025GBP per 75 cl bottle · 2021-06-17 · $556GBP per 75 cl bottle · 2022-09-28 · $579GBP per 75 cl bottle · 2022-12-02 · $551GBP per 75 cl bottle · 2022-12-02 · $579GBP per 75 cl bottle · 2023-04-24 · $620GBP per 75 cl bottle · 2023-12-12 · $496GBP per 75 cl bottle · 2024-06-06 · $413GBP per 75 cl bottle · 2025-04-28 · $441GBP per 75 cl bottle · 2025-04-29 · $441GBP per 75 cl bottle · 2025-06-18 · $386GBP per 75 cl bottle · 2025-06-18 · $386GBP per 75 cl bottle · 2025-06-18 · $386GBP per 75 cl bottle · 2025-06-18 · $386GBP per 75 cl bottle · 2025-06-18 · $386GBP per 75 cl bottle · 2025-06-18 · $386GBP per 75 cl bottle · 2025-06-18 · $386GBP per 75 cl bottle · 2025-06-18 · $386GBP per 75 cl bottle · 2025-06-18 · $386GBP per 75 cl bottle · 2025-06-18 · $386GBP per 75 cl bottle · 2025-06-18 · $413GBP per 75 cl bottle · 2025-06-18 · $413GBP per 75 cl bottle · 2025-06-18 · $413GBP per 75 cl bottle · 2025-06-18 · $413GBP per 75 cl bottle · 2025-06-18 · $413GBP per 75 cl bottle · 2025-06-18 · $413GBP per 75 cl bottle · 2025-09-15 · $386GBP per 75 cl bottle · 2025-09-15 · $386GBP per 75 cl bottle · 2025-09-15 · $386GBP per 75 cl bottle · 2025-09-15 · $386GBP per 75 cl bottle · 2025-09-15 · $386GBP per 75 cl bottle · 2025-09-15 · $386GBP per 75 cl bottle · 2025-09-15 · $386USD per bottle: lot price ÷ bottles in the lotSale date32 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
Jul 2026Christie'sFine & Rare Wines: Featuring The Reserve Cellar and 50th Anniversary Wines Direct From Stag's Leap Wine Cellars (sale 24555) · Los Angeles · lot 10821 × 75 cl$438$438
Jun 2026Christie'sThe Opulent Cellar: Online (sale 24463) · Hong Kong · lot 56 × 150 cl≈$5,097≈$850
Jun 2026Christie'sThe Opulent Cellar: Online (sale 24463) · Hong Kong · lot 412 × 75 cl≈$5,575≈$465
May 2026Christie'sFine and Rare Wines Online: Los Angeles Edition (sale 24553) · Los Angeles · lot 244 × 75 cl$5,250$1,312
Mar 2026Christie'sFine and Rare Wines & Spirits Online: Hong Kong Edition (sale 24459) · Hong Kong · lot 412 × 75 cl≈$5,097≈$425
Sep 2025Christie'sFine & Rare Wines Featuring an Exceptional Masseto Collection (sale 24000) · London · lot 35512 × 75 cl≈$4,630≈$386
Sep 2025Christie'sFine & Rare Wines Featuring an Exceptional Masseto Collection (sale 24000) · London · lot 35412 × 75 cl≈$4,630≈$386
Sep 2025Christie'sFine & Rare Wines Featuring an Exceptional Masseto Collection (sale 24000) · London · lot 35312 × 75 cl≈$4,630≈$386
Sep 2025Christie'sFine & Rare Wines Featuring an Exceptional Masseto Collection (sale 24000) · London · lot 35212 × 75 cl≈$4,630≈$386
Sep 2025Christie'sFine & Rare Wines Featuring an Exceptional Masseto Collection (sale 24000) · London · lot 35112 × 75 cl≈$4,630≈$386
Sep 2025Christie'sFine & Rare Wines Featuring an Exceptional Masseto Collection (sale 24000) · London · lot 35012 × 75 cl≈$4,630≈$386
Sep 2025Christie'sFine & Rare Wines Featuring an Exceptional Masseto Collection (sale 24000) · London · lot 34912 × 75 cl≈$4,630≈$386
Jun 2025Christie'sFine & Rare Wines & Spirits Online: London Edition (sale 23893) · London · lot 33612 × 75 cl≈$4,630≈$386
Jun 2025Christie'sFine & Rare Wines & Spirits Online: London Edition (sale 23893) · London · lot 33512 × 75 cl≈$4,630≈$386
Jun 2025Christie'sFine & Rare Wines & Spirits Online: London Edition (sale 23893) · London · lot 33412 × 75 cl≈$4,630≈$386
Jun 2025Christie'sFine & Rare Wines & Spirits Online: London Edition (sale 23893) · London · lot 33312 × 75 cl≈$4,630≈$386
Jun 2025Christie'sFine & Rare Wines & Spirits Online: London Edition (sale 23893) · London · lot 33212 × 75 cl≈$4,630≈$386
Jun 2025Christie'sFine & Rare Wines & Spirits Online: London Edition (sale 23893) · London · lot 33112 × 75 cl≈$4,630≈$386
Jun 2025Christie'sFine & Rare Wines & Spirits Online: London Edition (sale 23893) · London · lot 33012 × 75 cl≈$4,630≈$386
Jun 2025Christie'sFine & Rare Wines & Spirits Online: London Edition (sale 23893) · London · lot 32912 × 75 cl≈$4,630≈$386
Jun 2025Christie'sFine & Rare Wines & Spirits Online: London Edition (sale 23893) · London · lot 32812 × 75 cl≈$4,630≈$386
Jun 2025Christie'sFine & Rare Wines & Spirits Online: London Edition (sale 23893) · London · lot 32712 × 75 cl≈$4,630≈$386
Jun 2025Christie'sFine & Rare Wines & Spirits Online: London Edition (sale 23893) · London · lot 32612 × 75 cl≈$4,961≈$413
Jun 2025Christie'sFine & Rare Wines & Spirits Online: London Edition (sale 23893) · London · lot 32512 × 75 cl≈$4,961≈$413
Jun 2025Christie'sFine & Rare Wines & Spirits Online: London Edition (sale 23893) · London · lot 32412 × 75 cl≈$4,961≈$413
Jun 2025Christie'sFine & Rare Wines & Spirits Online: London Edition (sale 23893) · London · lot 32312 × 75 cl≈$4,961≈$413
Jun 2025Christie'sFine & Rare Wines & Spirits Online: London Edition (sale 23893) · London · lot 32212 × 75 cl≈$4,961≈$413
Jun 2025Christie'sFine & Rare Wines & Spirits Online: London Edition (sale 23893) · London · lot 32112 × 75 cl≈$4,961≈$413
Apr 2025Christie'sTimeless Excellence: The Pristine Wine Collection of Jörg G. Bucherer (sale 24158) · London · lot 6712 × 75 cl≈$5,292≈$441
Apr 2025Christie'sFine and Rare Wines Online: London Edition (sale 23891) · London · lot 7596 × 75 cl≈$2,646≈$441
Apr 2025Christie'sFine and Rare Wines Online: Hong Kong Edition (sale 23907) · Hong Kong · lot 3841 × 75 cl≈$446≈$446
Nov 2024Christie'sFinest and Rarest Wines Featuring Tignanello's 50th Anniversary Collection Direct from The Estate and a Superb European Collection (sale 22688) · London · lot 4381 × 500 cl≈$2,811≈$2,811
Jun 2024Christie'sA Legacy Preserved: The Last Treasures of The Avery Collection (sale 23060) · London · lot 906 × 75 cl≈$2,480≈$413
Dec 2023Christie'sFine and Rare Wines & Spirits Online: London Edition (sale 23055) · London · lot 3596 × 75 cl≈$2,977≈$496
Nov 2023Christie'sThe Dr A. Botenga Cellar: Six Decades of Collecting Part I (sale 22122) · Hong Kong · lot 50716 × 75 cl≈$2,867≈$478
Sep 2023Christie'sFinest and Rarest Wines & Spirits (sale 22121) · Hong Kong · lot 35812 × 75 cl≈$6,053≈$504
Sep 2023Christie'sFinest and Rarest Wines & Spirits (sale 22121) · Hong Kong · lot 35712 × 75 cl≈$6,053≈$504
Sep 2023Christie'sFinest and Rarest Wines & Spirits (sale 22121) · Hong Kong · lot 35612 × 75 cl≈$6,053≈$504
Sep 2023Christie'sFinest and Rarest Wines & Spirits (sale 22121) · Hong Kong · lot 35512 × 75 cl≈$6,053≈$504
Sep 2023Christie'sFinest and Rarest Wines & Spirits (sale 22121) · Hong Kong · lot 35412 × 75 cl≈$6,053≈$504
Sep 2023Christie'sFinest and Rarest Wines & Spirits (sale 22121) · Hong Kong · lot 24212 × 75 cl≈$6,053≈$504
Sep 2023Christie'sFine and Rare Wines Online: Featuring a Superb Collection from the Pacific Northwest (sale 22074) · Los Angeles · lot 24410 × 75 cl$5,000$500
May 2023Christie'sFinest and Rarest Wines: Featuring Four Stunning Cellars & Library Vintages Direct From Château Léoville Poyferré (sale 22120) · Hong Kong · lot 50606 × 150 cl≈$6,053≈$1,009
May 2023Christie'sFinest and Rarest Wines: Featuring Four Stunning Cellars & Library Vintages Direct From Château Léoville Poyferré (sale 22120) · Hong Kong · lot 50599 × 75 cl≈$4,460≈$496
Apr 2023Christie'sFinest and Rarest Wines & Spirits (sale 21934) · London · lot 5012 × 75 cl≈$7,441≈$620
Apr 2023Christie'sFine and Rare Wines Online: Featuring the Ruan Collection (sale 22062) · Los Angeles · lot 4312 × 75 cl$6,875$573
Apr 2023Christie'sFine and Rare Wines Online: Featuring the Ruan Collection (sale 22062) · Los Angeles · lot 4212 × 75 cl$6,875$573
Mar 2023Christie'sFine and Rare Wines & Spirits Online: Hong Kong Edition (sale 22112) · Hong Kong · lot 2701 × 300 cl≈$1,911≈$1,911
Dec 2022Christie'sFinest and Rarest Wines & Spirits: Featuring Exceptional Anniversary Offerings from Ridge Vineyards and Champagne Philipponnat (sale 21096) · London · lot 72512 × 75 cl≈$6,945≈$579
Dec 2022Christie'sFinest and Rarest Wines & Spirits: Featuring Exceptional Anniversary Offerings from Ridge Vineyards and Champagne Philipponnat (sale 21096) · London · lot 3723 × 75 cl≈$1,654≈$551
Nov 2022Christie'sFinest and Rarest Wines & Spirits (sale 21214) · Hong Kong · lot 603112 × 75 cl≈$6,371≈$531
Nov 2022Christie'sFinest and Rarest Wines & Spirits (sale 21214) · Hong Kong · lot 603012 × 75 cl≈$6,690≈$557
Sep 2022Christie'sThe Treasury: Finest Wines from a Peerless Collection (sale 21095) · London · lot 5912 × 75 cl≈$6,945≈$579
Mar 2022Christie'sFinest & Rarest Wines Including a Collaboration with Grapes for Humanity Global Charity Foundation (sale 20967) · Los Angeles · lot 842 × 150 cl$2,250$1,125
Mar 2022Christie'sFinest & Rarest Wines Including a Collaboration with Grapes for Humanity Global Charity Foundation (sale 20967) · Los Angeles · lot 8312 × 75 cl$6,250$521
Mar 2022Christie'sFinest & Rarest Wines Including a Collaboration with Grapes for Humanity Global Charity Foundation (sale 20967) · Los Angeles · lot 8212 × 75 cl$6,250$521
Nov 2021Christie'sFinest and Rarest Wines (sale 19867) · Hong Kong · lot 60305 × 75 cl≈$3,026≈$605
Jun 2021Christie'sFinest and Rarest Wines and Spirits Featuring Two Superb Cellars, and Highlights from the Collection of The Earl of Snowdon (sale 20062) · London · lot 1647 × 75 cl≈$3,889≈$556
Mar 2021Christie'sFinest and Rarest Wines and Spirits Featuring A Superlative Private Collection (sale 19854) · Hong Kong · lot 456 × 150 cl≈$6,371≈$1,062
Mar 2021Christie'sFinest and Rarest Wines and Spirits Featuring A Superlative Private Collection (sale 19854) · Hong Kong · lot 4412 × 75 cl≈$6,371≈$531
 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. The wines, Château Margaux, 2025. Retrieved 3 September 2026.
Last reviewed: September 2026Report an error on this page