Current prices are boosting demand for Champagne and adding fizz to the secondary market in investment wines.
Demand for Champagne is on the rise
The volume and value of trade on Liv-ex has increased month-on-month over the last quarter and some of the key wines driving this demand are Champagne’s top marques. Three of the top five wines traded on Liv-ex by volume were leading wines from the region.
Top 5 traded investment wines by volume in Q3 2023
| Wine | Vintage | Region | Trade Price |
|---|---|---|---|
| Dom Perignon | 2013 | Champagne | £1,700 |
| Taittinger Comtes de Champagne Blanc de Blancs | 2012 | Champagne | £1,280 |
| Louis Roederer Cristal | 2015 | Champagne | £2,136 |
| Sassicaia | 2019 | Tuscany | £2,639 |
| Chateau Pontet-Canet | 2018 | Bordeaux | £1,020 |
Source: Liv-ex Q3 Market Report. Mid-prices (12 x 75cl) at 30.09.23.
In mid-October the region overtook Burgundy for value of trade on the exchange. Champagne’s market share doubled to 18.4% in the week 13 – 19 October from the previous week’s 9.4% and was up on the September average of 15.8%.
Trade in Champagne has remained relatively buoyant throughout 2023 and the price adjustment from the peak in October 2022 has become increasingly compelling to investors. As a result, the region also accounts for three of the top five traded wines by value on Liv-ex in Q3.
Top 5 traded investment wines by value in Q3 2023
| Wine | Vintage | Region | Trade Price |
|---|---|---|---|
| Dom Perignon | 2013 | Champagne | £1,700 |
| Louis Roederer Cristal | 2015 | Champagne | £2,136 |
| Chateau Petrus | 2020 | Bordeaux | £54,046 |
| Louis Roederer Cristal | 2008 | Champagne | £2,900 |
| Rare Millesime Rosé | 2008 | Champagne | £2,444 |
Source: Liv-ex Q3 Market Report. Mid-prices (12 x 75cl) at 30.09.23.
The regional benchmark, the Liv-ex Champagne 50 recorded a flat-line in September, suggesting prices may be at or reaching a market low; a key point for investors. Performance from individual wines is still outstanding. Champagne Salon Le Mesnil-sur-Oger 2012 grew 6.5% in September (source: Liv-ex.com).
No doubt current prices are enticing buyers and engaging the market. Brands attracting investors at the start of Q4 are Louis Roederer Cristal, Dom Perignon and Taittinger. Champagne is a key component to a wine investment portfolio and current prices offer strong potential for future growth.
For more information on investing in fine wine and the current Champagne opportunities, contact a member of our expert team on 0203 384 2262.