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
Corkonomics
LearnGrapesRegionsWinesNews
Wine basicsThe five types of wineHow to taste wineHow to read a wine labelWine with foodWine words
Learn the economicsThe economics of wine productionThe economics of wine collectingCourses
Regions
BordeauxBurgundyChampagneRhôneNapa ValleyTuscanyPiedmontMoselOregonRiojaCalifornia sparklingValais and LavauxEnglandDouroEtnaMendozaMarlboroughStellenboschBarossa ValleyTasmaniaBeaujolaisJuraAlsaceLoireProvenceRibera del DueroSonoma
What land costsGood years and badAppellationsFamous vineyards
Wines
Famous winesWho makes themFind a vintageCompare wines
PricesWhat a bottle costs to makeWhat vineyard land costsWhat grapes fetchWhat the border addsWhy wine costs what it doesRelease pricesAuction resultsTariffsMarket overviewWine in official statisticsVineyard economicsResearch
MoreAsk the DataAI agentsSavedAPIAbout usMethodologyContact
Dark mode
Language
Currency
Settings
Dark mode
Language
Currency

New to wine? Start with the short lessons, then look up any word you do not know.

Learn · Wine words · Your saved pages

Petrus 2003

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

Save · All vintages of Petrus · Compare

Petrus, Pomerol
Giogo · 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.

25 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
Mixed
Last sold at auction for
≈$2,787a bottle · Christie's, Mar 2026
How hard to find
Getting scarce23 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 ≈$2,549 and ≈$3,451 each, across 7 sales since March 2021.

Every sale on record8 lots, each linked to the auction house
$2,250$2,500$2,750$3,000$3,250$3,50020222023202420252026HKD per 75 cl bottle · 2021-03-26 · $3,451HKD per 75 cl bottle · 2022-09-19 · $2,708HKD per 75 cl bottle · 2023-09-13 · $2,655HKD per 75 cl bottle · 2023-10-03 · $2,708HKD per 75 cl bottle · 2023-11-24 · $2,549HKD per 75 cl bottle · 2023-11-24 · $2,655HKD per 75 cl bottle · 2026-03-16 · $2,787USD per bottle: lot price ÷ bottles in the lotSale date7 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 4962 × 75 cl≈$5,575≈$2,787
Jun 2025Christie'sThe Cellar of William I. Koch: The Great American Collector Day III (sale 24202) · New York · lot 10936 × 75 cl$15,000$2,500
Nov 2023Christie'sFinest and Rarest Wines: Three Stunning Cellars (sale 22123) · Hong Kong · lot 62562 × 75 cl≈$5,097≈$2,549
Nov 2023Christie'sFinest and Rarest Wines: Three Stunning Cellars (sale 22123) · Hong Kong · lot 625512 × 75 cl≈$31,857≈$2,655
Oct 2023Christie'sAn All-Encompassing Cellar: Online (sale 22115) · Hong Kong · lot 1711 × 75 cl≈$2,708≈$2,708
Sep 2023Christie'sFinest and Rarest Wines & Spirits (sale 22121) · Hong Kong · lot 596 × 75 cl≈$15,928≈$2,655
Sep 2022Christie'sFine and Rare Wines Online: Hong Kong Edition (sale 21209) · Hong Kong · lot 805 × 75 cl≈$13,539≈$2,708
Mar 2021Christie'sFinest and Rarest Wines and Spirits Featuring A Superlative Private Collection (sale 19854) · Hong Kong · lot 1763 × 75 cl≈$10,353≈$3,451
 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.

Filter and browse

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