Why is Châteauneuf-du-Pape wine so expensive?

Châteauneuf-du-Pape wine is celebrated for its high quality due to the special terroir of the area, strict production regulations and the remarkably labour-intensive techniques utilised by winemakers. Due to the small vineyard acreage and low yield per hectare, high demand, and well-respected name, Châteauneuf-du-Pape wines are renowned for their complexity, longevity, and rarity, which contributes to their high market value.
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