This year, platforms for investment and sale of vintage wines recorded record activity on the part of investors, against the background of growing demand and limited supply, premium champagne has risen in price. Online platforms for investing and selling fine wines, champagne and spirits have registered record user activity, according to Reuters.
According to the LiveTrade platform, which makes up the Bordeaux Index, 220 thousand bottles of premium alcohol were sold on it this year, their average price was £230 ($308.5). In 10% of cases, the price has increased by more than 30% over the year.
Champagne has risen the most on the platform. For example, the price of Salon le Mesnil 2002 jumped by 80%. It has grown about the same on another wine exchange, London International Vintners Exchange (Liv-ex). Now a bottle of this drink costs about £11.7 thousand ($15.7 thousand). As noted by Reuters, this exceeds the 75 percent growth of bitcoins. It is also almost five times more than the 18 percent growth of the NYSE FANG+TM index (taking into account the shares of Tesla, Microsoft, Facebook, Amazon, Netflix and Google).
Vintage wines from Krug 2002 and 1996 and Comtes de Champagne from Taittinger have increased in price by more than 70%. Cristal Rosa 2008 rose in price by more than 50%.
The Financial Times, citing Liv-ex data, reports that the price growth for Dom Pérignon P2 and Krug 2000 this year bypassed some stock indexes. For 11 months, champagne has risen in price by 33.7%. By comparison, the FTSE All World stock index, which tracks stocks of companies in developed and developing countries, rose by 15%. More than half of the champagne index growth occurred in October-November.
The growth of demand and limited supply led to a rise in the price of champagne. According to Justin Nock, director of winemaking at the investment company Oeno Group, demand has risen due to the increased activity of traditional investors and wine lovers, which was facilitated by the appearance on the market of drinks from producers who own vineyards.
Sources: Reuters, Financial Times
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