1.7

Average cost (in millions of U.S. dollars) of an acre of Grand Cru vineyard in Burgundy according to the French land agency Safer. There are 33 Grand Cru vineyards in Burgundy, and they are considered national treasures. Foreign ownership of Grand Cru vineyards is a contentious issue in France—and the controversy is now set to re-ignite with the recent purchase of Domaine Bonneau du Martray by American billionaire Stanley Kroenke who also owns Napa Valley’s Screaming Eagle.