Champagne investors see big bucks in fizz
Sunday 10 June 2012
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.
- 1 Planes go hybrid-electric in important step to greener flight
- 4 Hip hop is both racial and political, and for Iggy Azalea to suggest otherwise is insulting
- 5 Man hospitalised with pneumonia after downing eggnog at office Christmas party
Antonio Martin shooting: Black teenager may have tried to ambush patrolman, says police officer's lawyer
Orphan kangaroos spend Christmas without their parents
Northern Lights above Britain: Stunning Aurora Borealis illuminates Northumberland sky on Christmas Eve
New route to Mars could make manned mission much cheaper and easier
Isis 'did not shoot down Jordan war plane' before capturing pilot, says US
British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Rozanne Duncan: Ukip expels councillor for 'jaw-dropping' comments made in BBC TV interview
Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Ukip member gets into Christmas spirit with Union Flag plea to Santa 'for our country back'
BBC director Danny Cohen: Rising UK antisemitism makes me feel more uncomfortable than ever
Alex Salmond has 'broken his word to the Scottish people' says Scottish Lib Dem leader
iJobs Money & Business
Highly Competitive: Selby Jennings: Our client, a leading European Oil trading...
£43500 per annum + pension + holidays: The Jenrick Group: Night Shift Operatio...
£20000 - £25000 per annum + OTE £40,000 + Car + Pension: SThree: SThree are a ...
£20000 - £25000 per annum + OTE £35K: SThree: We consistently strive to be the...