Champagne investors see big bucks in fizz
The British public's thirst for champagne – both to drink and as an investment – has fizzed to record levels, spurred by the Diamond Jubilee and the anticipation of the Olympic Games.
But wine experts warn that the market could be a bubble ready to burst, and advise caution for those new to the field. Skilled investors looking for places other than the moribund housing and stock markets to take a punt have found champagne can bring solid returns. The price of Krug Brut '96 has jumped to £2,200 in the past five years – a rise of nearly 50 per cent.
Buyers are presently stocking up on top-end brands such as Armand de Brignac (better known as "Ace") favoured by celebrities such as Jay-Z and City traders who've had a good day on the trading floor.
Scott Assemakis, the founder of London-based merchant European Fine Wines says: "We're fielding more enquiries than ever before, as investors are increasingly viewing champagne as an attractive asset."
Even previously unheralded English sparkling wines such as Chapel Down and Nyetimber – served at last year's royal wedding – are benefiting from the surge in interest.
That's some guestlist! Stunning images show huge dynastic wedding between Ultra-Orthodox Jewish families which attracted 25,000 guests
Emergency landing at Heathrow sparks further controversy over London airport capacity
Two bailed after arrest over Woolwich attack Twitter comments
Exclusive: Woolwich killings suspect Michael Adebolajo was inspired by cleric banned from UK after urging followers to behead enemies of Islam
Men arrested after RAF jet is scrambled to escort Pakistan Airlines passenger plane to Stansted
- 1 Liam Gallagher slams Daft Punk: 'I could have written Get Lucky in an hour'
- 2 What, let gays get married? We must be bonkers
- 3 'Something passed underneath us, quite close': Airbus A320 has close encounter with UFO
- 4 Lord of the Sings: Sir Christopher Lee, 91, to release heavy metal album
- 5 Two bailed after arrest over Woolwich attack Twitter comments
BMF is the UK’s biggest and best loved outdoor fitness classes
Find out what The Independent's resident travel expert has to say about one of the most beautiful small cities in the world
Nook is donating eReaders to volunteers at high-need schools and participating in exclusive events throughout the campaign.
Get the latest on The Evening Standard's campaign to get London's children reading.
Win anything from gadgets to five-star holidays on our competitions and offers page.