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Champagne sparkles as low supply and fizzy demand boost prices

Market for vintage bubbly ‘on a tear’ as investors scoop up labels like Dom Pérignon 2008

Vintage champagnes such as Dom Pérignon 2008 and Krug 2000 have popped in price this year, outperforming global stocks, as wealthy investors hunt for returns in previously overlooked asset classes.

Champagne prices surged 33.7 per cent in the first 11 months of this year, as measured by Liv-ex’s Champagne 50 index, its best ever year of performance. That compares with the FTSE All World stock index’s gain of about 15 per cent for the year to date. More than half of the champagne index’s gains this year came during a huge surge in October and November alone.

“It’s been remarkable,” said Justin Gibbs, co-founder of Liv-ex, an online exchange for wine. “The market is on a tear.”

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