Data from LiveTrade, which manages the “Bordeaux Index” of beverages, showed that Champagne accounted for 15 of the 20 biggest price hikes on the platform in 2021.
I turned it up topped it the 2002 vintage of Salon le Mesnil, described by its producer as “captivating like a samurai sword”. Its value has risen more than 80% in 2021 both on LiveTrade and on another wine platform, Liv-ex, and it currently sells for about £ 11,700 a bottle ($ 15,700).
That exceeds the 75% rise in Bitcoin and is almost five times more than the 18% made by the NYFANG + TM stock index of Facebook, Amazon, Netflix, Google, Tesla and Microsoft, They have driven the gains of the global stock market of late.
The Comtes de Champagne 2006 from Taittinger also shone, along with the 2002 and 1996 Krug vintages, with price increases of over 70%, while the Krug 2000, the Bollinger La Grande Année 2007, the Cristal Rosé 2008 and the Dom Pérignon P2 2002 all experienced increases of 54% -55%.
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 rich during numerous global closures, to increased attention to hard assets in the face of strong inflationary pressures.”
The Champagne 50 Index was the highest performing sub-index of the Liv-ex Fine Wine 1000, up 33.8% so far this year.
Source From: Ambito
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