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Burgundy Vineyard Prices Continue to Rise

June 20, 2014

The average cost of buying Burgundy grand cru vineyard land, France's most-expensive wine real estate, rose 5.3 percent in 2013, according to a report released this week by France's Agriculture Ministry. Prices rose for the 17th straight year, averaging 4 million euros ($5.4 million) for a parcel of land that wouldn't even accommodate two football fields.