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 Palmer 2005

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

Save · All vintages of Château Palmer · Compare

Château Palmer, Margaux
PA · Wikimedia Commons · CC BY-SA 4.0

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 4 others out of the 29 we cover.

A glass of red wine on a stone balustrade in front of a country house and vineyards
The year
Exceptional
Last sold at auction for
≈$265a bottle · Christie's, Jun 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 ≈$265 and ≈$425 each, across 8 sales since May 2022.

Every sale on record16 lots, each linked to the auction house
$250$300$350$400$4502023202420252026HKD per 75 cl bottle · 2022-05-20 · $425HKD per 75 cl bottle · 2022-05-20 · $425HKD per 75 cl bottle · 2022-06-07 · $345HKD per 75 cl bottle · 2024-10-25 · $319HKD per 75 cl bottle · 2024-12-04 · $265HKD per 75 cl bottle · 2024-12-04 · $265HKD per 75 cl bottle · 2025-10-26 · $273HKD per 75 cl bottle · 2026-06-22 · $265USD per bottle: lot price ÷ bottles in the lotSale date8 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 11523 × 75 cl$1,062$354
Jun 2026Christie'sThe Opulent Cellar: Online (sale 24463) · Hong Kong · lot 5012 × 75 cl≈$3,186≈$265
Oct 2025Christie'sFine and Rare Wines & Spirits Online: Hong Kong Edition (sale 23826) · Hong Kong · lot 3687 × 75 cl≈$1,911≈$273
Dec 2024Christie'sFinest and Rarest Wines & Spirits: Featuring A Superb Family Collection from North America (sale 23191) · Hong Kong · lot 4612 × 75 cl≈$3,186≈$265
Dec 2024Christie'sFinest and Rarest Wines & Spirits: Featuring A Superb Family Collection from North America (sale 23191) · Hong Kong · lot 4512 × 75 cl≈$3,186≈$265
Oct 2024Christie'sA Life Well Lived: The Remarkable Cellar of Melina and Dr N.K. Yong (sale 23199) · Hong Kong · lot 51025 × 75 cl≈$1,593≈$319
Oct 2024Christie'sFine and Rare Wines & Spirits Online: London Edition (sale 23031) · London · lot 40712 × 75 cl≈$3,969≈$331
Oct 2024Christie'sFine and Rare Wines Online: LA Edition (sale 23133) · Los Angeles · lot 9912 × 75 cl$3,750$312
Oct 2024Christie'sFine and Rare Wines Online: LA Edition (sale 23133) · Los Angeles · lot 986 × 75 cl$1,875$312
Dec 2023Christie'sFine and Rare Wines & Spirits Online: London Edition (sale 23055) · London · lot 45912 × 75 cl≈$3,969≈$331
Dec 2022Christie'sFinest and Rarest Wines & Spirits: Featuring Exceptional Anniversary Offerings from Ridge Vineyards and Champagne Philipponnat (sale 21096) · London · lot 50212 × 75 cl≈$4,299≈$358
Jun 2022Christie'sTHE VISIONARY'S SPECTACULAR CELLAR PART II: Online (sale 21208) · Hong Kong · lot 6912 × 75 cl≈$4,141≈$345
May 2022Christie'sTHE VISIONARY'S SPECTACULAR CELLAR (sale 21212) · Hong Kong · lot 514612 × 75 cl≈$5,097≈$425
May 2022Christie'sTHE VISIONARY'S SPECTACULAR CELLAR (sale 21212) · Hong Kong · lot 514512 × 75 cl≈$5,097≈$425
Apr 2022Christie'sFinest and Rarest Wines (sale 21493) · Hong Kong · lot 1381 × 600 cl≈$3,823≈$3,823
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 1401 × 600 cl≈$4,538≈$4,538
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: $17–$61 a bottle

We estimate it costs about $17 to $61 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: $4.35Vineyard operations: $2.54Oak barrels: $0.43Winemaking labour and cellar work: $2.00Cellar aging: $1.04Bottle, closure, label, case and bottling: $3.90Winery overhead: $2.00Financing over the aging period: $0.85$17 per bottleHigh estimateImputed land cost: $25.08Vineyard operations: $6.84Oak barrels: $1.40Winemaking labour and cellar work: $4.00Cellar aging: $2.56Bottle, closure, label, case and bottling: $10.40Winery overhead: $5.00Financing over the aging period: $6.19$61 per bottleImputed land costVineyard operationsOak barrelsWinemaking labour and cellar workCellar agingBottle, closure, label, case and bottlingWinery overheadFinancing over the aging periodUS$ 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