If you’ve invested in “vintage” champagne this year, you may be tempted to uncork: the most coveted bottles have outperformed the major financial market assets, from the big tech companies to the bitcoin.
The online platforms that allow you to trade in the most desired vintages of wine, champagne and spirits, as well as stocks or currencies, have registered record activity and extraordinary price movements this year.
Data of LiveTrade, which manages the “Bordeaux Index” of beverages, showed that champagne accounted for 15 of the 20 largest price increases on the platform in 2021.
The rise was led by the 2002 vintage of Salon le Mesnil, described by its producer as “captivating as a samurai sword“. Its value has risen more than 80% in 2021 both in LiveTrade as on another wine platform, Liv-ex, and it currently sells for around £ 11,700 a bottle (about $ 15,700).
That exceeds the 75% rise in bitcoin and it is almost five times more than the 18% made by the NYFANG + TM Stock Index of Facebook, Amazon, Netflix, Google, Tesla Y Microsoft, which have driven the gains of the global stock market of late.
Taittinger’s 2006 Comtes de Champagne also shone, alongside Krug’s 2002 and 1996 vintages, with price increases of more than 70%, while the Krug 2000, the Bollinger La Grande Année 2007, the Cristal Rosé 2008 and the Dom Pérignon P2 2002 experienced increases of 54% -55% percent.
LiveTrade CEO Matthew O “Connell said several factors drove the fine wine trade boom this year:” from low interest rates and high levels of savings accumulated by the wealthy during numerous global closings, to increased attention to hard assets in the face of strong inflationary pressures. “
The Champagne index 50 it was the highest-performing sub-index of the Liv-ex Fine Wine 1000, up 33.8% year-to-date.
Reference-www.eleconomista.com.mx