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Great prospects for wines and spirits! According to Bloomberg<\/strong>, champagne<\/strong> is becoming one of the best investments with better results than classic wines, such as the first growths of Bordeaux and Burgundy wines. As a result, champagne is increasingly competing with the S&P 500 and gold<\/strong>…<\/p>\n <\/p>\n The London International Vintners Exchange (Liv-Ex)<\/strong>, a wine and spirits trading platform, has revealed that the Champagne 50<\/strong> index, which tracks the prices of vintages of a dozen major brands, has shown astonishing results in recent years.<\/p>\n <\/p>\n In November 2022<\/strong>, Champagne has thus become the third<\/strong> most traded region, with 18.7%<\/strong> against only 2%<\/strong> ten years ago, behind Bordeaux and Burgundy. Some vintages have seen their prices triple: a case of Salon Le Mesnil 2012 went from $4,670 to $15,485 between January and September 2022, a staggering 232%<\/strong> increase.<\/p>\n <\/p>\n <\/p>\n According to Robbie Stevens<\/strong> (Liv-Ex), people started investing more in champagne when they realized how undervalued certain types of bubbles were.<\/p>\n <\/p>\n “One of the catalysts was the release of the extraordinary 2008 vintage, and then the series of great vintages that followed – 2012, 2013 and 2014”<\/em>, he explains.<\/p>\n <\/p>\n Buyers are also concerned about how climate change<\/strong> will affect the long-term quality and style of future vintages.<\/p>\n <\/p>\n Industry insiders, however, are confident despite the declines in some prices seen in November 2022. Tom Gearing<\/strong>, CEO of fine wine investment firm Cult Wines<\/strong>, for example, said the champagne market would flourish in 2023 thanks to strong demand. In addition, production has been declining in 2021 and 2022<\/strong>, and some Champagne Houses have been running out of stock in the fall, which could help their rarity and exclusivity.<\/p>\n <\/p>\n <\/p>\n Champagne auctions are also experiencing significant growth. Jamie Ritchie<\/strong>, global president of wine and spirits at Sotheby’s<\/strong>, noted that the number of champagne lots at auction is on an upward trajectory. An auction in Hong Kong<\/strong> in a few days will include 82 lots of rare vintages of Krug<\/strong> and 60 of Dom P\u00e9rignon.<\/strong><\/p>\n <\/p>\n These sales should create a buzz and further increase the desirability of champagne as an investment…<\/p>\n <\/p>\n Read also >Veuve-Clicquot: a voyage of discovery to learn more about champagne<\/a><\/p>\nUndervalued vintages<\/h2>\n
Auction sales<\/h2>\n