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Vintage Champagne defies faltering economy
The producers of the top 25 vintage Champagnes could be forgiven for a bit of scepticism towards claims of an economic slowdown. The average price of these Champagnes has risen by 27% in the last year, according to Liv-ex.
According to the fine wine exchange, this not only outstrips the growth of the fine wine index Liv-ex 100, it also easily beats the FTSE, S&P and Nikkei.
Liv-ex director, James Miles, commented: “The case for investing in top vintage Champagne is compelling. Demand has been growing strongly and steadily for at least a decade, with increased wealth and new markets adding fizz to already buoyant sales. In contrast, supply has remained roughly constant.”
The 1996 vintage has been particularly strong in the last year, with Krug’s case price for that year increasing from £1,500 to £2,350 (up 56%) since last June, for example.
Clinton Cawood 16/07/08