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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Domaine Jean-Louis Chave, Hermitage 1998

1998 was an excellent year in Rhône, just a step below the very best.

Save · All vintages of Domaine Jean-Louis Chave, Hermitage · Compare

Sunset over the vineyards of Tain-l'Hermitage, Rhône Valley, France
Daniel · Adobe Stock · Adobe Stock Standard License

What to expect

Expect a ripe, well-balanced wine with a long life ahead of it.

3 of the 23 years we cover for this wine were rated higher.

A glass of dark red wine on a terrace wall in a very steep vineyard above a wide river
The year
Excellent
Last sold at auction for
$375a bottle · Christie's, May 2026
How hard to find
Getting scarce28 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.

2022202120202019201820172016201520142013201220112010200920082007200620052004200320022001200019991998199719961995
ExceptionalExcellentVery goodGoodMixedDifficult

What bottles sell for

At auction, standard bottles of this vintage have sold for between $354 and $417 each, across 3 sales since February 2025.

Every sale on record3 lots, each linked to the auction house
$340$360$380$400$4202026USD per 75 cl bottle · 2025-02-26 · $354USD per 75 cl bottle · 2025-12-05 · $417USD per 75 cl bottle · 2026-05-14 · $375USD per bottle: lot price ÷ bottles in the lotSale date3 lots of 75 cl bottles sold in USD at Christie's · prices as published by each house
Sale dateHouse and saleFormatLot pricePer bottle
May 2026Christie'sFine and Rare Wines Online: Los Angeles Edition (sale 24553) · Los Angeles · lot 2953 × 75 cl$1,125$375
Dec 2025Christie'sThe Historic Cellar of Jürgen Schwarz: Five Decades of Collecting, Day I (sale 23766) · New York · lot 2786 × 75 cl$2,500$417
Feb 2025Christie'sFine and Rare Wines Online: LA Edition (sale 23748) · Los Angeles · lot 3573 × 75 cl$1,062$354
 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: $21–$70 a bottle

We estimate it costs about $21 to $70 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: $3.04Vineyard operations: $4.66Oak barrels: $0.38Winemaking labour and cellar work: $3.00Cellar aging: $1.20Bottle, closure, label, case and bottling: $4.40Winery overhead: $3.00Financing over the aging period: $1.18$21 per bottleHigh estimateImputed land cost: $14.63Vineyard operations: $13.30Oak barrels: $1.83Winemaking labour and cellar work: $6.00Cellar aging: $4.00Bottle, closure, label, case and bottling: $11.40Winery overhead: $8.00Financing over the aging period: $10.35$70 per bottleImputed land costVineyard operationsOak barrelsWinemaking labour and cellar workCellar agingBottle, closure, label, case and bottlingWinery overheadFinancing over the aging periodUS$ per 75 cl bottle at the winery, before any margin, tax or transport · Corkonomics cost model

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Last reviewed: September 2026Report an error on this page