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 2023

2023 was a very good year in Bordeaux: reliable and well liked.

Save · All vintages of Château Margaux · Compare

Château Margaux in Bordeaux, France
robertdering · Adobe Stock · Adobe Stock Standard License

What to expect

Little rain early in the year; a single heatwave in late August scalded some grapes; September rain and humidity demanded careful work in the vineyard. Picked from 11 September, with the first Merlots, to 5 October. Expect a good, dependable wine, often ready a little sooner than the greatest years.

13 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
Very Good
Price when new
≈$403−30.2% on the 2022
How hard to find
Still around3 years old
Picked
Sep 2023 – Oct 2023

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

2023 at the neighbours

What similar wines nearby asked for the same year. Tap one to read about it.

Compare side by side

More about the yearThe harvest, the blend and the first price
Harvest dates
11 September 2023 – 5 October 2023
Share of the crop kept for this wine
41% of the harvest went into the grand vin
The blend
89% Cabernet Sauvignon, 5% Merlot, 4% Cabernet Franc, 2% Petit Verdot
Release date
6 June 2024
Price when new
≈$403'Château Margaux 2023: €360 per bottle ex-négociant, down 30.2% versus 2022'Decanter, 2024-06-06
First US shop price
$491 in 2024Wine Spectator, 2024-06-12
Average US shop price
$547 in 2026Wine Spectator, 2026-06-12
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. Grand Vin du Château Margaux 2023, Château Margaux, 2024. Retrieved 22 September 2026.
  2. The wines, Château Margaux, 2025. Retrieved 3 September 2026.
Last reviewed: September 2026Report an error on this page