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 Margaux 2005

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

Save · All vintages of Château Margaux · Compare

Château Margaux in Bordeaux, France
robertdering · 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
≈$597a 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.

ExceptionalExcellentVery goodGoodMixedDifficult

What bottles sell for

At auction, standard bottles of this vintage have sold for between ≈$531 and ≈$1,062 each, across 35 sales since March 2021.

Every sale on record60 lots, each linked to the auction house
$400$600$800$1,000$1,20020222023202420252026HKD per 75 cl bottle · 2021-03-26 · $664HKD per 75 cl bottle · 2021-03-26 · $664HKD per 75 cl bottle · 2021-03-26 · $664HKD per 75 cl bottle · 2021-03-26 · $664HKD per 75 cl bottle · 2021-03-26 · $664HKD per 75 cl bottle · 2021-03-26 · $664HKD per 75 cl bottle · 2021-03-26 · $664HKD per 75 cl bottle · 2021-06-07 · $664HKD per 75 cl bottle · 2021-06-07 · $664HKD per 75 cl bottle · 2021-06-07 · $664HKD per 75 cl bottle · 2021-06-07 · $664HKD per 75 cl bottle · 2021-06-07 · $664HKD per 75 cl bottle · 2021-06-07 · $664HKD per 75 cl bottle · 2021-06-07 · $690HKD per 75 cl bottle · 2021-11-25 · $796HKD per 75 cl bottle · 2022-05-20 · $1,062HKD per 75 cl bottle · 2022-11-24 · $770HKD per 75 cl bottle · 2022-11-24 · $770HKD per 75 cl bottle · 2022-11-24 · $770HKD per 75 cl bottle · 2022-11-24 · $796HKD per 75 cl bottle · 2023-09-13 · $597HKD per 75 cl bottle · 2023-11-27 · $597HKD per 75 cl bottle · 2023-11-27 · $597HKD per 75 cl bottle · 2023-11-27 · $597HKD per 75 cl bottle · 2023-11-27 · $597HKD per 75 cl bottle · 2023-11-27 · $597HKD per 75 cl bottle · 2024-04-07 · $730HKD per 75 cl bottle · 2024-12-04 · $531HKD per 75 cl bottle · 2024-12-04 · $531HKD per 75 cl bottle · 2025-03-10 · $531HKD per 75 cl bottle · 2025-03-10 · $557HKD per 75 cl bottle · 2025-05-21 · $566HKD per 75 cl bottle · 2025-05-21 · $664HKD per 75 cl bottle · 2025-05-21 · $730HKD per 75 cl bottle · 2026-06-22 · $597USD per bottle: lot price ÷ bottles in the lotSale date35 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 10813 × 75 cl$2,000$667
Jun 2026Christie'sThe Opulent Cellar: Online (sale 24463) · Hong Kong · lot 612 × 75 cl≈$7,168≈$597
May 2026Christie'sFinal Treasures from the Wine Cellar of Andrew Lloyd Webber (sale 24806) · London · lot 7412 × 75 cl≈$7,937≈$661
Mar 2026Christie'sAn Exemplary Collection of Domaine Armand Rousseau alongside Rarities from the Cellar of Ian Mill KC (sale 24532) · London · lot 25312 × 75 cl≈$6,945≈$579
Mar 2026Christie'sAn Exemplary Collection of Domaine Armand Rousseau alongside Rarities from the Cellar of Ian Mill KC (sale 24532) · London · lot 25212 × 75 cl≈$6,945≈$579
Mar 2026Christie'sAn Exemplary Collection of Domaine Armand Rousseau alongside Rarities from the Cellar of Ian Mill KC (sale 24532) · London · lot 25112 × 75 cl≈$6,945≈$579
Mar 2026Christie'sAn Exemplary Collection of Domaine Armand Rousseau alongside Rarities from the Cellar of Ian Mill KC (sale 24532) · London · lot 25012 × 75 cl≈$7,441≈$620
Dec 2025Christie'sThe Historic Cellar of Jürgen Schwarz: Five Decades of Collecting, Day I (sale 23766) · New York · lot 1171 × 600 cl$6,875$6,875
Oct 2025Christie'sAn Impeccable Private Collection Purchased on Release (sale 23894) · London · lot 2896 × 75 cl≈$4,299≈$717
May 2025Christie'sICONIC WINES FROM JOSEPH LAU PART III (sale 23980) · Hong Kong · lot 3112 × 75 cl≈$8,761≈$730
May 2025Christie'sICONIC WINES FROM JOSEPH LAU PART III (sale 23980) · Hong Kong · lot 3012 × 75 cl≈$7,964≈$664
May 2025Christie'sICONIC WINES FROM JOSEPH LAU PART III (sale 23980) · Hong Kong · lot 299 × 75 cl≈$5,097≈$566
Apr 2025Christie'sFine and Rare Wines Online: Featuring the Cellar of a Southwestern Collector and the Final Offering from the Collection of Ben Ichinose (sale 23749) · Los Angeles · lot 5712 × 75 cl$8,750$729
Mar 2025Christie'sFine and Rare Wines Online: Hong Kong Edition (sale 23906) · Hong Kong · lot 33012 × 75 cl≈$6,690≈$557
Mar 2025Christie'sFine and Rare Wines Online: Hong Kong Edition (sale 23906) · Hong Kong · lot 32912 × 75 cl≈$6,371≈$531
Dec 2024Christie'sPristine Bordeaux Classics: The Directors Collection (sale 24053) · Los Angeles · lot 4512 × 75 cl$6,875$573
Dec 2024Christie'sPristine Bordeaux Classics: The Directors Collection (sale 24053) · Los Angeles · lot 4412 × 75 cl$7,500$625
Dec 2024Christie'sPristine Bordeaux Classics: The Directors Collection (sale 24053) · Los Angeles · lot 436 × 75 cl$4,750$792
Dec 2024Christie'sFinest and Rarest Wines & Spirits: Featuring A Superb Family Collection from North America (sale 23191) · Hong Kong · lot 2512 × 75 cl≈$6,371≈$531
Dec 2024Christie'sFinest and Rarest Wines & Spirits: Featuring A Superb Family Collection from North America (sale 23191) · Hong Kong · lot 2412 × 75 cl≈$6,371≈$531
Oct 2024Christie'sFine and Rare Wines Online: LA Edition (sale 23133) · Los Angeles · lot 2112 × 75 cl$7,500$625
Oct 2024Christie'sFine and Rare Wines Online: LA Edition (sale 23133) · Los Angeles · lot 2012 × 75 cl$7,500$625
Oct 2024Christie'sFine and Rare Wines Online: LA Edition (sale 23133) · Los Angeles · lot 196 × 75 cl$4,000$667
May 2024Christie'sThe Epic Cellar (sale 23190) · Hong Kong · lot 50691 × 600 cl≈$5,575≈$5,575
Apr 2024Christie'sLe Gavroche Part II: The Wine Cellar (sale 22983) · London · lot 3349 × 75 cl≈$6,945≈$772
Apr 2024Christie'sFine and Rare Wines & Spirits Online: Hong Kong Edition (sale 23188) · Hong Kong · lot 15812 × 75 cl≈$8,761≈$730
Dec 2023Christie'sThe Dr A. Botenga Cellar: Six Decades of Collecting Part II (sale 21933) · London · lot 7012 × 75 cl≈$7,772≈$648
Nov 2023Christie'sFinest and Rarest Wines & Spirits, Featuring Champagne Lanson and 40th Jubilee Wines Direct from the Cellars of Domaine de Chevalier (sale 21941) · London · lot 686 × 75 cl≈$4,299≈$717
Nov 2023Christie'sFine and Rare Wines & Spirits Online: Festive Edition (sale 22117) · Hong Kong · lot 26612 × 75 cl≈$7,168≈$597
Nov 2023Christie'sFine and Rare Wines & Spirits Online: Festive Edition (sale 22117) · Hong Kong · lot 26512 × 75 cl≈$7,168≈$597
Nov 2023Christie'sFine and Rare Wines & Spirits Online: Festive Edition (sale 22117) · Hong Kong · lot 26412 × 75 cl≈$7,168≈$597
Nov 2023Christie'sFine and Rare Wines & Spirits Online: Festive Edition (sale 22117) · Hong Kong · lot 26312 × 75 cl≈$7,168≈$597
Nov 2023Christie'sFine and Rare Wines & Spirits Online: Festive Edition (sale 22117) · Hong Kong · lot 26212 × 75 cl≈$7,168≈$597
Sep 2023Christie'sFinest and Rarest Wines & Spirits (sale 22121) · Hong Kong · lot 2434 × 75 cl≈$2,389≈$597
Sep 2023Christie'sFine and Rare Wines Online: Featuring a Superb Collection from the Pacific Northwest (sale 22074) · Los Angeles · lot 24510 × 75 cl$7,500$750
Jun 2023Christie'sFinest and Rarest Wines & Spirits (sale 21936) · London · lot 7606 × 75 cl≈$4,299≈$717
Dec 2022Christie'sFine and Rare Wines Online: LA Edition (sale 20971) · Los Angeles · lot 7811 × 75 cl$6,875$625
Nov 2022Christie'sICONIC WINES FROM JOSEPH LAU PART II (sale 22019) · Hong Kong · lot 501812 × 75 cl≈$9,238≈$770
Nov 2022Christie'sICONIC WINES FROM JOSEPH LAU PART II (sale 22019) · Hong Kong · lot 501712 × 75 cl≈$9,238≈$770
Nov 2022Christie'sICONIC WINES FROM JOSEPH LAU PART II (sale 22019) · Hong Kong · lot 501612 × 75 cl≈$9,238≈$770
Nov 2022Christie'sICONIC WINES FROM JOSEPH LAU PART II (sale 22019) · Hong Kong · lot 501512 × 75 cl≈$9,557≈$796
Sep 2022Christie'sThe Treasury: Finest Wines from a Peerless Collection (sale 21095) · London · lot 6012 × 75 cl≈$9,095≈$758
Jun 2022Christie'sFinest and Rarest Wines and Spirits: Featuring Generations of Jayer, Burgundy from the Historic Cellars of King's College, Cambridge (sale 21094) · London · lot 383 × 75 cl≈$3,142≈$1,047
May 2022Christie'sTHE VISIONARY'S SPECTACULAR CELLAR (sale 21212) · Hong Kong · lot 50646 × 75 cl≈$6,371≈$1,062
Feb 2022Christie'sFine & Rare Wines Including Two Outstanding Private Collections (sale 21177) · Los Angeles · lot 333 × 300 cl$18,750$6,250
Nov 2021Christie'sFinest and Rarest Wines (sale 19867) · Hong Kong · lot 60312 × 75 cl≈$1,593≈$796
Jun 2021Christie'sFinest and Rarest Wines and Spirits (sale 19857) · Hong Kong · lot 946 × 75 cl≈$4,141≈$690
Jun 2021Christie'sFinest and Rarest Wines and Spirits (sale 19857) · Hong Kong · lot 5812 × 75 cl≈$7,964≈$664
Jun 2021Christie'sFinest and Rarest Wines and Spirits (sale 19857) · Hong Kong · lot 5712 × 75 cl≈$7,964≈$664
Jun 2021Christie'sFinest and Rarest Wines and Spirits (sale 19857) · Hong Kong · lot 5612 × 75 cl≈$7,964≈$664
Jun 2021Christie'sFinest and Rarest Wines and Spirits (sale 19857) · Hong Kong · lot 5512 × 75 cl≈$7,964≈$664
Jun 2021Christie'sFinest and Rarest Wines and Spirits (sale 19857) · Hong Kong · lot 5412 × 75 cl≈$7,964≈$664
Jun 2021Christie'sFinest and Rarest Wines and Spirits (sale 19857) · Hong Kong · lot 5312 × 75 cl≈$7,964≈$664
Mar 2021Christie'sFinest and Rarest Wines and Spirits Featuring A Superlative Private Collection (sale 19854) · Hong Kong · lot 32012 × 75 cl≈$7,964≈$664
Mar 2021Christie'sFinest and Rarest Wines and Spirits Featuring A Superlative Private Collection (sale 19854) · Hong Kong · lot 31912 × 75 cl≈$7,964≈$664
Mar 2021Christie'sFinest and Rarest Wines and Spirits Featuring A Superlative Private Collection (sale 19854) · Hong Kong · lot 31812 × 75 cl≈$7,964≈$664
Mar 2021Christie'sFinest and Rarest Wines and Spirits Featuring A Superlative Private Collection (sale 19854) · Hong Kong · lot 31712 × 75 cl≈$7,964≈$664
Mar 2021Christie'sFinest and Rarest Wines and Spirits Featuring A Superlative Private Collection (sale 19854) · Hong Kong · lot 31612 × 75 cl≈$7,964≈$664
Mar 2021Christie'sFinest and Rarest Wines and Spirits Featuring A Superlative Private Collection (sale 19854) · Hong Kong · lot 31512 × 75 cl≈$7,964≈$664
Mar 2021Christie'sFinest and Rarest Wines and Spirits Featuring A Superlative Private Collection (sale 19854) · Hong Kong · lot 5712 × 75 cl≈$7,964≈$664
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.

Filter and browse

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