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The Rákóczi family’s estate wine production, wine trade, and wine prices at the end of the 17th century

Author

Listed:
  • Attila Ulrich

    (University of Nyíregyháza)

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.

Suggested Citation

  • Attila Ulrich, 2025. "The Rákóczi family’s estate wine production, wine trade, and wine prices at the end of the 17th century," Working Papers 0278, European Historical Economics Society (EHES).
    • Handle: RePEc:hes:wpaper:0278
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    More about this item

    Keywords

    Viticulture; wine trade; wine prices;
    All these keywords.

    JEL classification:

    • N13 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: Pre-1913
    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness
    • N73 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - Europe: Pre-1913

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