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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Petrus 1998

1998 was a very good year in Bordeaux: reliable and well liked.

Save · All vintages of Petrus · Compare

Petrus, Pomerol
Giogo · Wikimedia Commons · CC BY-SA 4.0

What to expect

Expect a good, dependable wine, often ready a little sooner than the greatest years.

12 of the 30 years we cover for this wine were rated higher.

A glass of deep red wine and a bowl of plums on a kitchen table, with old vines outside the window
The year
Very Good
Last sold at auction for
≈$3,026a bottle · Christie's, Mar 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.

202320222021202020192018201720162015201420132012201120102009200820072006200520042003200220012000199919981997199619951994
ExceptionalExcellentVery goodGoodMixedDifficult

What bottles sell for

At auction, standard bottles of this vintage have sold for between ≈$2,655 and ≈$3,186 each, across 10 sales since March 2021.

Every sale on record23 lots, each linked to the auction house
$2,600$2,800$3,000$3,20020222023202420252026HKD per 75 cl bottle · 2021-03-26 · $2,920HKD per 75 cl bottle · 2021-06-07 · $2,920HKD per 75 cl bottle · 2021-06-07 · $2,920HKD per 75 cl bottle · 2021-06-07 · $2,920HKD per 75 cl bottle · 2021-06-07 · $2,920HKD per 75 cl bottle · 2023-10-03 · $3,186HKD per 75 cl bottle · 2024-10-25 · $2,655HKD per 75 cl bottle · 2024-10-25 · $2,920HKD per 75 cl bottle · 2025-04-23 · $3,186HKD per 75 cl bottle · 2026-03-16 · $3,026USD per bottle: lot price ÷ bottles in the lotSale date10 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
Mar 2026Christie'sFine and Rare Wines & Spirits Online: Hong Kong Edition (sale 24459) · Hong Kong · lot 4912 × 75 cl≈$6,053≈$3,026
Jun 2025Christie'sFine & Rare Wines & Spirits Online: London Edition (sale 23893) · London · lot 2022 × 75 cl≈$4,961≈$2,480
Jun 2025Christie'sThe Cellar of William I. Koch: The Great American Collector Day III (sale 24202) · New York · lot 110712 × 75 cl$37,500$3,125
Jun 2025Christie'sThe Cellar of William I. Koch: The Great American Collector Day III (sale 24202) · New York · lot 110612 × 75 cl$37,500$3,125
Apr 2025Christie'sFine and Rare Wines Online: Hong Kong Edition (sale 23907) · Hong Kong · lot 466 × 75 cl≈$19,114≈$3,186
Nov 2024Christie'sFinest and Rarest Wines Featuring Tignanello's 50th Anniversary Collection Direct from The Estate and a Superb European Collection (sale 22688) · London · lot 6072 × 75 cl≈$4,961≈$2,480
Oct 2024Christie'sA Life Well Lived: The Remarkable Cellar of Melina and Dr N.K. Yong (sale 23199) · Hong Kong · lot 51993 × 75 cl≈$7,964≈$2,655
Oct 2024Christie'sA Life Well Lived: The Remarkable Cellar of Melina and Dr N.K. Yong (sale 23199) · Hong Kong · lot 519812 × 75 cl≈$35,043≈$2,920
Jun 2024Christie'sA Legacy Preserved: The Last Treasures of The Avery Collection (sale 23060) · London · lot 3196 × 75 cl≈$21,497≈$3,583
Apr 2024Christie'sLe Gavroche Part II: The Wine Cellar (sale 22983) · London · lot 4712 × 75 cl≈$5,788≈$2,894
Apr 2024Christie'sFine and Rare Wines Online: Featuring Exceptional Madeira Collections (sale 23087) · Los Angeles · lot 1071 × 75 cl$3,250$3,250
Dec 2023Christie'sFine Wine from the Cellar of Quincy Jones and A Diplomat's Collection of Rarities (sale 22106) · Los Angeles · lot 956 × 75 cl$18,750$3,125
Oct 2023Christie'sAn All-Encompassing Cellar: Online (sale 22115) · Hong Kong · lot 1661 × 75 cl≈$3,186≈$3,186
Sep 2023Christie'sFine and Rare Wines Online: Featuring a Superb Collection from the Pacific Northwest (sale 22074) · Los Angeles · lot 2911 × 300 cl$15,000$15,000
Sep 2023Christie'sFine and Rare Wines Online: Featuring a Superb Collection from the Pacific Northwest (sale 22074) · Los Angeles · lot 2901 × 300 cl$15,000$15,000
Sep 2023Christie'sFine and Rare Wines Online: Featuring a Superb Collection from the Pacific Northwest (sale 22074) · Los Angeles · lot 2891 × 300 cl$15,000$15,000
Sep 2022Christie'sThe Treasury: Finest Wines from a Peerless Collection (sale 21095) · London · lot 1226 × 75 cl≈$28,112≈$4,685
Jun 2022Christie'sFinest and Rarest Wines and Spirits: Featuring Generations of Jayer, Burgundy from the Historic Cellars of King's College, Cambridge (sale 21094) · London · lot 8512 × 75 cl≈$52,916≈$4,410
Jun 2021Christie'sFinest and Rarest Wines and Spirits (sale 19857) · Hong Kong · lot 3112 × 75 cl≈$35,043≈$2,920
Jun 2021Christie'sFinest and Rarest Wines and Spirits (sale 19857) · Hong Kong · lot 3012 × 75 cl≈$35,043≈$2,920
Jun 2021Christie'sFinest and Rarest Wines and Spirits (sale 19857) · Hong Kong · lot 2912 × 75 cl≈$35,043≈$2,920
Jun 2021Christie'sFinest and Rarest Wines and Spirits (sale 19857) · Hong Kong · lot 2812 × 75 cl≈$35,043≈$2,920
Mar 2021Christie'sFinest and Rarest Wines and Spirits Featuring A Superlative Private Collection (sale 19854) · Hong Kong · lot 1756 × 75 cl≈$17,521≈$2,920
 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: $29–$101 a bottle

We estimate it costs about $29 to $101 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: $9.11Vineyard operations: $3.87Oak barrels: $0.50Winemaking labour and cellar work: $3.00Cellar aging: $1.12Bottle, closure, label, case and bottling: $4.90Winery overhead: $5.00Financing over the aging period: $1.54$29 per bottleHigh estimateImputed land cost: $43.88Vineyard operations: $10.24Oak barrels: $1.61Winemaking labour and cellar work: $6.00Cellar aging: $2.72Bottle, closure, label, case and bottling: $13.40Winery overhead: $12.00Financing over the aging period: $10.69$101 per bottleImputed land costVineyard operationsOak barrelsWinemaking labour and cellar workCellar agingBottle, closure, label, case and bottlingWinery overheadFinancing over the aging periodUS$ 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