Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/322122 
Authors: 
Year of Publication: 
2025
Series/Report no.: 
EHES Working Paper No. 278
Publisher: 
European Historical Economics Society (EHES), s.l.
Abstract: 
This study examines the wine revenues of the Rákóczi family and the exchange rates of wines stored in their cellars destined for foreign markets, based on surviving sources from the period between 1660 and 1709. The Rákóczi family, of Transylvanian princely descent, was among the largest landowners in the Kingdom of Hungary. Their private estates, spanning approximately two million acres, were most profitable in the Tokaj wine-growing region. Revenue generated from wine trade and sales played a crucial role in sustaining an opulent court, maintaining a private military force, and supporting cultural and educational endeavors. The profit derived from a single barrel of wine, depending on its quality, could range from three to ten times the initial investment cost.
Subjects: 
Viticulture
wine prices
wine trade
JEL: 
N13
Q13
N73
Document Type: 
Working Paper

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