Vintage Champagne prices on the rise

By Kevin Rozario |

The increasing numbers of travelling consumers who are buying fine wine are being told that vintage Champagnes now present the most value for money in the fine wine investment market.

 

London-based fine wine merchant Woolf Sung – which focuses on under-the-radar brands – claims that vintage bubbly is expected to see a price surge of +10% over the next 12 months.

 

“The Champagne market is quickly expanding beyond the traditional favourites, and as the growing Asian markets increase their education in fine wine and look for further prestige, Champagne’s appeal will broaden eastwards,” says Woolf Sung Founder and CEO, Sebastian Woolf (below).

 

The world’s top Champagne vintages, 1988, 1996, and 2002, have consistently shown great appreciation says the company, with continued steady growth over the years.

 

“Over a two year period to August 2014, these vintages have collectively risen +10.2%. With the investment market looking for alternatives to Bordeaux, vintage Champagne offers volume production, worldwide distribution and prestige that Burgundy and Italy struggle to compete with,” says the merchant.

 

According to Liv-Ex, the online fine wine marketplace, between 2011 and 2013 the Champagne index increased +11.9% and its share of trade increased from 1% to 2.3%.

 

‘RELATIVELY AFFORDABLE’

Champagne is relatively affordable when compared to similarly evaluated Bordeaux or Burgundy, with the average case price of top vintage Champagnes costing £1,500 ($2,515) compared with Bordeaux First Growths and Domaine de la Romanée-Conti reaching £30,000 ($50,309) and £150,000 ($251,543) respectively.

 

Woolf Sung argues that Champagne offers first time investors a lower entry point and seasoned investors value-for-money when diversifying their portfolios. Champagne is released when it is ready for drinking and is therefore rarely stored for long in cellars – vintages then become scarce and prices rise.

 

Woolf says: “1999 Pommery Cuvee Louise Brut Millesime, 2002 Salon Cuvee ‘S’ Le Mesnil Blanc de Blancs, 2002 Dom Perignon Rose, 2006 Louis Roederer Cristal Brut Millesime are our top suggestions to look out for.  A 6-bottle case of the 2002 Salon Cuvee is currently worth £1,650 ($2,767), a low investment threshold, and we are predicting a +10% growth in the next 12 months.”

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