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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Pavillon Rouge du Château Margaux 2020

2020 was an excellent year in Bordeaux, just a step below the very best.

Save · All vintages of Pavillon Rouge du Château Margaux · Compare

Château Margaux vineyard, Bordeaux
FreeProd · Adobe Stock · Adobe Stock Standard License

What to expect

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

5 of the 24 years we cover for this wine were rated higher.

A glass of red wine on a stone balustrade in front of a country house and vineyards
The year
Excellent
Last sold at auction for
≈$133a bottle · Christie's, Jan 2024

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.

202320222021202020192018201720162015201420132012201120102009200820072006200520042003200220012000
ExceptionalExcellentVery goodGoodMixedDifficult

What bottles sell for

One sale of standard bottles is on record: ≈$133 a bottle in January 2024.

Every sale on record1 lots, each linked to the auction house
Sale dateHouse and saleFormatLot pricePer bottle
Jan 2024Christie'sA Pristine Contemporary Cellar: Online (sale 22660) · Hong Kong · lot 526 × 75 cl≈$796≈$133
 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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2020 at the neighbours

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

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Last reviewed: September 2026Report an error on this page