CorkonomicsThe economics of wine production, collection, and vineyards
The numbers
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 2005

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

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

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 2 others out of the 29 we cover.

A glass of red wine on a mossy stone wall beside an autumn vineyard, with a church spire in the mist
The year
Exceptional
Last sold at auction for
≈$25,485a bottle · Christie's, May 2026
How hard to find
Rare21 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 ≈$16,990 and ≈$37,830 each, across 34 sales since May 2021.

Every sale on record47 lots, each linked to the auction house
$15,000$20,000$25,000$30,000$35,000$40,00020222023202420252026HKD per 75 cl bottle · 2021-05-19 · $22,300HKD per 75 cl bottle · 2021-11-25 · $29,202HKD per 75 cl bottle · 2022-04-12 · $34,512HKD per 75 cl bottle · 2022-04-12 · $34,512HKD per 75 cl bottle · 2022-04-13 · $22,300HKD per 75 cl bottle · 2022-04-13 · $25,485HKD per 75 cl bottle · 2022-05-20 · $25,485HKD per 75 cl bottle · 2022-05-22 · $26,547HKD per 75 cl bottle · 2023-05-23 · $22,300HKD per 75 cl bottle · 2023-09-13 · $22,300HKD per 75 cl bottle · 2024-05-31 · $19,114HKD per 75 cl bottle · 2024-05-31 · $23,893HKD per 75 cl bottle · 2024-05-31 · $25,485HKD per 75 cl bottle · 2024-10-03 · $19,114HKD per 75 cl bottle · 2024-10-03 · $20,707HKD per 75 cl bottle · 2024-12-04 · $16,990HKD per 75 cl bottle · 2024-12-04 · $17,521HKD per 75 cl bottle · 2025-05-21 · $25,485HKD per 75 cl bottle · 2025-05-21 · $31,857HKD per 75 cl bottle · 2025-05-21 · $34,512HKD per 75 cl bottle · 2025-05-21 · $34,512HKD per 75 cl bottle · 2025-05-21 · $37,830HKD per 75 cl bottle · 2025-05-22 · $25,485HKD per 75 cl bottle · 2025-11-20 · $22,300HKD per 75 cl bottle · 2025-11-20 · $22,300HKD per 75 cl bottle · 2025-11-20 · $22,300HKD per 75 cl bottle · 2025-11-20 · $29,202HKD per 75 cl bottle · 2025-11-20 · $34,512HKD per 75 cl bottle · 2026-03-16 · $23,893HKD per 75 cl bottle · 2026-05-21 · $25,485HKD per 75 cl bottle · 2026-05-21 · $25,485HKD per 75 cl bottle · 2026-05-21 · $25,485HKD per 75 cl bottle · 2026-05-21 · $25,485HKD per 75 cl bottle · 2026-05-21 · $30,264USD per bottle: lot price ÷ bottles in the lotSale date34 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
May 2026Christie'sICONIC WINES FROM JOSEPH LAU PART V THE FINAL PART (sale 24462) · Hong Kong · lot 50603 × 75 cl≈$76,456≈$25,485
May 2026Christie'sICONIC WINES FROM JOSEPH LAU PART V THE FINAL PART (sale 24462) · Hong Kong · lot 50593 × 75 cl≈$76,456≈$25,485
May 2026Christie'sICONIC WINES FROM JOSEPH LAU PART V THE FINAL PART (sale 24462) · Hong Kong · lot 50582 × 75 cl≈$60,528≈$30,264
May 2026Christie'sICONIC WINES FROM JOSEPH LAU PART V THE FINAL PART (sale 24462) · Hong Kong · lot 50571 × 75 cl≈$25,485≈$25,485
May 2026Christie'sICONIC WINES FROM JOSEPH LAU PART V THE FINAL PART (sale 24462) · Hong Kong · lot 50561 × 75 cl≈$25,485≈$25,485
May 2026Christie'sFinal Treasures from the Wine Cellar of Andrew Lloyd Webber (sale 24806) · London · lot 293 × 75 cl≈$74,413≈$24,804
Mar 2026Christie'sFine and Rare Wines & Spirits Online: Hong Kong Edition (sale 24459) · Hong Kong · lot 771 × 75 cl≈$23,893≈$23,893
Nov 2025Christie'sICONIC WINES FROM JOSEPH LAU PART IV (sale 23981) · Hong Kong · lot 50852 × 150 cl≈$103,535≈$51,767
Nov 2025Christie'sICONIC WINES FROM JOSEPH LAU PART IV (sale 23981) · Hong Kong · lot 50843 × 75 cl≈$66,899≈$22,300
Nov 2025Christie'sICONIC WINES FROM JOSEPH LAU PART IV (sale 23981) · Hong Kong · lot 50833 × 75 cl≈$66,899≈$22,300
Nov 2025Christie'sICONIC WINES FROM JOSEPH LAU PART IV (sale 23981) · Hong Kong · lot 50823 × 75 cl≈$66,899≈$22,300
Nov 2025Christie'sICONIC WINES FROM JOSEPH LAU PART IV (sale 23981) · Hong Kong · lot 50813 × 75 cl≈$87,606≈$29,202
Nov 2025Christie'sICONIC WINES FROM JOSEPH LAU PART IV (sale 23981) · Hong Kong · lot 50803 × 75 cl≈$103,535≈$34,512
Sep 2025Christie'sThe Glorious Cellar of a European Connoisseur (sale 24214) · New York · lot 5461 × 150 cl$68,750$68,750
Jun 2025Christie'sThe Cellar of William I. Koch: The Great American Collector Day III (sale 24202) · New York · lot 12393 × 75 cl$62,500$20,833
May 2025Christie'sA Prodigious Private Cellar of Impeccable Provenance (sale 24173) · Hong Kong · lot 51811 × 75 cl≈$25,485≈$25,485
May 2025Christie'sICONIC WINES FROM JOSEPH LAU PART III (sale 23980) · Hong Kong · lot 1071 × 150 cl≈$87,606≈$87,606
May 2025Christie'sICONIC WINES FROM JOSEPH LAU PART III (sale 23980) · Hong Kong · lot 1064 × 75 cl≈$151,320≈$37,830
May 2025Christie'sICONIC WINES FROM JOSEPH LAU PART III (sale 23980) · Hong Kong · lot 1053 × 75 cl≈$103,535≈$34,512
May 2025Christie'sICONIC WINES FROM JOSEPH LAU PART III (sale 23980) · Hong Kong · lot 1043 × 75 cl≈$103,535≈$34,512
May 2025Christie'sICONIC WINES FROM JOSEPH LAU PART III (sale 23980) · Hong Kong · lot 1033 × 75 cl≈$95,571≈$31,857
May 2025Christie'sICONIC WINES FROM JOSEPH LAU PART III (sale 23980) · Hong Kong · lot 1022 × 75 cl≈$50,971≈$25,485
Dec 2024Christie'sFinest and Rarest Wines & Spirits: Featuring A Superb Family Collection from North America (sale 23191) · Hong Kong · lot 2821 × 75 cl≈$17,521≈$17,521
Dec 2024Christie'sFinest and Rarest Wines & Spirits: Featuring A Superb Family Collection from North America (sale 23191) · Hong Kong · lot 823 × 75 cl≈$50,971≈$16,990
Oct 2024Christie'sThe Epic Cellar Part II (sale 23200) · Hong Kong · lot 1751 × 75 cl≈$19,114≈$19,114
Oct 2024Christie'sThe Epic Cellar Part II (sale 23200) · Hong Kong · lot 1742 × 75 cl≈$41,414≈$20,707
May 2024Christie'sThe Epic Cellar (sale 23190) · Hong Kong · lot 53771 × 75 cl≈$23,893≈$23,893
May 2024Christie'sThe Epic Cellar (sale 23190) · Hong Kong · lot 53762 × 75 cl≈$38,228≈$19,114
May 2024Christie'sThe Epic Cellar (sale 23190) · Hong Kong · lot 53753 × 75 cl≈$76,456≈$25,485
Apr 2024Christie'sFine and Rare Wines Online: Featuring a Superlative Collection of Grand Cru Burgundy (sale 23030) · London · lot 171 × 75 cl≈$21,497≈$21,497
Oct 2023Christie'sFine and Rare Wines Online: Featuring Two Superlative Collections (sale 22105) · Los Angeles · lot 1671 × 75 cl$21,250$21,250
Sep 2023Christie'sFinest and Rarest Wines & Spirits (sale 22121) · Hong Kong · lot 893 × 75 cl≈$66,899≈$22,300
May 2023Christie'sFinest and Rarest Wines: Featuring Four Stunning Cellars & Library Vintages Direct From Château Léoville Poyferré (sale 22120) · Hong Kong · lot 50373 × 75 cl≈$66,899≈$22,300
Sep 2022Christie'sDomaine de la Romanée-Conti, The Pride of Vosne-Romanée: An Exceptional Single Owner Collection (sale 21235) · Los Angeles · lot 31 × 75 cl$25,000$25,000
Sep 2022Christie'sDomaine de la Romanée-Conti, The Pride of Vosne-Romanée: An Exceptional Single Owner Collection (sale 21235) · Los Angeles · lot 21 × 75 cl$25,000$25,000
Jun 2022Christie'sTHE VISIONARY'S SPECTACULAR CELLAR PART II: Online (sale 21208) · Hong Kong · lot 2741 × 150 cl≈$55,750≈$55,750
May 2022Christie'sThe Ultimate Private Collection Featuring The Greatest Burgundies Part II (sale 21086) · Hong Kong · lot 62603 × 75 cl≈$79,642≈$26,547
May 2022Christie'sTHE VISIONARY'S SPECTACULAR CELLAR (sale 21212) · Hong Kong · lot 54151 × 150 cl≈$66,899≈$66,899
May 2022Christie'sTHE VISIONARY'S SPECTACULAR CELLAR (sale 21212) · Hong Kong · lot 54141 × 75 cl≈$25,485≈$25,485
Apr 2022Christie'sFinest and Rarest Wines (sale 21493) · Hong Kong · lot 4153 × 75 cl≈$76,456≈$25,485
Apr 2022Christie'sFinest and Rarest Wines (sale 21493) · Hong Kong · lot 2771 × 75 cl≈$22,300≈$22,300
Apr 2022Christie'sICONIC WINES FROM JOSEPH LAU (sale 21211) · Hong Kong · lot 571 × 150 cl≈$79,642≈$79,642
Apr 2022Christie'sICONIC WINES FROM JOSEPH LAU (sale 21211) · Hong Kong · lot 563 × 75 cl≈$103,535≈$34,512
Apr 2022Christie'sICONIC WINES FROM JOSEPH LAU (sale 21211) · Hong Kong · lot 553 × 75 cl≈$103,535≈$34,512
Nov 2021Christie'sFinest and Rarest Wines (sale 19867) · Hong Kong · lot 60043 × 75 cl≈$87,606≈$29,202
Nov 2021Christie'sFine and Rare Wines and Spirits (sale 20042) · Geneva · lot 4381 × 75 cl≈$26,541≈$26,541
May 2021Christie'sThe Ultimate Private Collection Featuring The Greatest Burgundies (sale 19856) · Hong Kong · lot 51463 × 75 cl≈$66,899≈$22,300
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