If you’ve invested in vintage Champagne this year, you might be tempted to pop the cork—the most coveted bottles have outperformed all major financial market assets, from Big Tech to bitcoin.
Online platforms that allow you to trade desired wines, champagnes and spirits like vintage, stocks or currencies have seen record activity and bumper price movements this year.
Data from LiveTrade, which runs the beverage’s “Bordeaux Index,” showed that champagne accounted for 15 of the 20 top price increases on the platform in 2021.
The charge was led by Salon Le Mesnil’s 2002 vintage, which was described by its creator as “captivating like a samurai sword”. It has risen more than 80% in value in 2021 on both LiveTrade and another wine platform, Liv-X, and currently sells for around £11,700 per bottle ($15,700).
This trails bitcoin’s 75% increase and is nearly five times higher than the 18% scored by the NYFANG+ TM stock indexes of Facebook, Amazon, Netflix, Google, Tesla and Microsoft, which saw world equity market gains of late. have received.
Taittinger’s Comtes de Champagne 2006 also saw an increase in prices by over 70%, with Krug’s 2002 and 1996 vintages, while Krug 2000, Bollinger La Grande Anne 2007, Crystal Rose 2008 and Dom Pérignon P2 2002 by 54%. increase was observed. -55%.
LiveTrade CEO Matthew O’Connell said a number of factors have accelerated fine-wine trading this year – “from low interest rates and high levels of savings accumulated by the wealthy during multiple global lockdowns, hard assets in the face.” For increasing attention on the rising inflationary pressures”.
Champagne benefited at the start of the year as it was exempted from a 25% US tariff imposed on European wines by Donald Trump’s US administration, which was suspended shortly after Joe Biden took office.
Kristal’s 2012 and 2013 Champagne were the most-traded bottles of the year overall, LiveTrade said, followed by the 6,450-a-bottle Lafite Rothschild 2014 leading fine wine.
The prized Claret brand’s stellar performance was driven by less coveted “off” vintages in general—namely 2011, 2012, 2014 and 2017—all of which enjoyed more than 25% sales growth.
A record 220,000 bottles were traded on LiveTrade this year at an average bottle price of around £230 ($308.50). One-tenth of all bottles traded saw their prices increase by more than 30%.
The Champagne 50 Index was the best-performing sub-index of the Liv-X Fine Wine 1000, up 33.8% year-on-year.
This story has been published without modification in text from a wire agency feed. Only the title has been changed.
Never miss a story! Stay connected and informed with Mint.
download
Our App Now!!
,