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 de la Romanée-Conti, Romanée-Conti Grand Cru 2003

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

Save · All vintages of Domaine de la Romanée-Conti, Romanée-Conti Grand Cru · Compare

The Romanée-Conti vineyard
Arnaud 25 · Wikimedia Commons · CC BY-SA 4.0

What to expect

Quality varied from estate to estate, so the name on the label matters more than usual.

26 of the 29 years we cover for this wine were rated higher.

A glass of red wine on a mossy stone wall beside an autumn vineyard, with a church spire in the mist
The year
Mixed
Last sold at auction for
≈$15,132a bottle · Christie's, Oct 2024
How hard to find
Rare23 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.

20232022202120202019201820172016201520142013201220112010200920082007200620052004200320022001200019991998199719961995
ExceptionalExcellentVery goodGoodMixedDifficult

What bottles sell for

At auction, standard bottles of this vintage have sold for between ≈$14,601 and ≈$26,547 each, across 9 sales since March 2021.

Every sale on record23 lots, each linked to the auction house
$10,000$15,000$20,000$25,000$30,000202220232024HKD per 75 cl bottle · 2021-03-26 · $19,114HKD per 75 cl bottle · 2021-11-25 · $26,547HKD per 75 cl bottle · 2022-04-12 · $23,893HKD per 75 cl bottle · 2022-04-12 · $23,893HKD per 75 cl bottle · 2023-05-23 · $17,521HKD per 75 cl bottle · 2024-05-31 · $14,601HKD per 75 cl bottle · 2024-05-31 · $14,601HKD per 75 cl bottle · 2024-05-31 · $20,176HKD per 75 cl bottle · 2024-10-25 · $15,132USD per bottle: lot price ÷ bottles in the lotSale date9 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
Nov 2025Christie'sICONIC WINES FROM JOSEPH LAU PART IV (sale 23981) · Hong Kong · lot 50781 × 150 cl≈$35,043≈$35,043
Jun 2025Christie'sThree Great Cellars: A Celebration of Superb Burgundy and Large Format Bordeaux (sale 23892) · London · lot 721 × 75 cl≈$13,229≈$13,229
Jun 2025Christie'sThe Cellar of William I. Koch: The Great American Collector Day III (sale 24202) · New York · lot 12403 × 75 cl$43,750$14,583
May 2025Christie'sICONIC WINES FROM JOSEPH LAU PART III (sale 23980) · Hong Kong · lot 1001 × 150 cl≈$47,785≈$47,785
Oct 2024Christie'sA Life Well Lived: The Remarkable Cellar of Melina and Dr N.K. Yong (sale 23199) · Hong Kong · lot 53341 × 75 cl≈$15,132≈$15,132
May 2024Christie'sThe Epic Cellar (sale 23190) · Hong Kong · lot 53681 × 150 cl≈$35,043≈$35,043
May 2024Christie'sThe Epic Cellar (sale 23190) · Hong Kong · lot 53673 × 75 cl≈$60,528≈$20,176
May 2024Christie'sThe Epic Cellar (sale 23190) · Hong Kong · lot 53666 × 75 cl≈$87,606≈$14,601
May 2024Christie'sThe Epic Cellar (sale 23190) · Hong Kong · lot 53656 × 75 cl≈$87,606≈$14,601
Apr 2024Christie'sFine and Rare Wines Online: Featuring a Superlative Collection of Grand Cru Burgundy (sale 23030) · London · lot 221 × 150 cl≈$33,072≈$33,072
Apr 2024Christie'sFine and Rare Wines Online: Featuring a Superlative Collection of Grand Cru Burgundy (sale 23030) · London · lot 211 × 150 cl≈$33,072≈$33,072
May 2023Christie'sFinest and Rarest Wines: Featuring Four Stunning Cellars & Library Vintages Direct From Château Léoville Poyferré (sale 22120) · Hong Kong · lot 51202 × 75 cl≈$35,043≈$17,521
Nov 2022Christie'sFine and Rare Wines Online: Geneva Edition (sale 20946) · Geneva · lot 3741 × 75 cl≈$22,569≈$22,569
Nov 2022Christie'sFine and Rare Wines Online: Geneva Edition (sale 20946) · Geneva · lot 3731 × 75 cl≈$22,569≈$22,569
May 2022Christie'sFine and Rare Wines & Spirits Online: The Geneva Edit (sale 20939) · Geneva · lot 311 × 75 cl≈$19,559≈$19,559
May 2022Christie'sThe Ultimate Private Collection Featuring The Greatest Burgundies Part II (sale 21086) · Hong Kong · lot 62591 × 150 cl≈$31,857≈$31,857
Apr 2022Christie'sICONIC WINES FROM JOSEPH LAU (sale 21211) · Hong Kong · lot 544 × 75 cl≈$95,571≈$23,893
Apr 2022Christie'sICONIC WINES FROM JOSEPH LAU (sale 21211) · Hong Kong · lot 534 × 75 cl≈$95,571≈$23,893
Nov 2021Christie'sFinest and Rarest Wines (sale 19867) · Hong Kong · lot 60033 × 75 cl≈$79,642≈$26,547
Nov 2021Christie'sAn Exceptional Private Cellar Featuring d'Auvenay, Macallan and Karuizawa (sale 19866) · Hong Kong · lot 52443 × 150 cl≈$151,320≈$50,440
Nov 2021Christie'sFine and Rare Wines and Spirits (sale 20042) · Geneva · lot 4361 × 75 cl≈$23,592≈$23,592
May 2021Christie'sThe Ultimate Private Collection Featuring The Greatest Burgundies (sale 19856) · Hong Kong · lot 51441 × 150 cl≈$47,785≈$47,785
Mar 2021Christie'sFinest and Rarest Wines and Spirits Featuring A Superlative Private Collection (sale 19854) · Hong Kong · lot 2011 × 75 cl≈$19,114≈$19,114
 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: $48–$283 a bottle

We estimate it costs about $48 to $283 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: $27.58Vineyard operations: $4.87Oak barrels: $0.54Winemaking labour and cellar work: $3.00Cellar aging: $0.96Bottle, closure, label, case and bottling: $4.40Winery overhead: $4.00Financing over the aging period: $2.18$48 per bottleHigh estimateImputed land cost: $207.45Vineyard operations: $14.04Oak barrels: $1.72Winemaking labour and cellar work: $6.00Cellar aging: $2.72Bottle, closure, label, case and bottling: $11.40Winery overhead: $10.00Financing over the aging period: $30.15$283 per bottleImputed land costVineyard operationsOak barrelsWinemaking labour and cellar workCellar agingBottle, closure, label, case and bottlingWinery overheadFinancing over the aging periodUS$ 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