Vidya Ram, 07.18.08, 2008
“Next time you need to celebrate, pop open the Champagne–or perhaps, don’t. The bubbly might provide a much more valuable experience if you keep the cork in the bottle and sell it at auction.
Why? While global equity markets have been tanking in the wake of the subprime crisis, the price of a case of high-end bubbly is surging.
…Twelve months ago, a case of Krug 1996 would have set you back just under $3,000 on the auction market, but now it’s worth $4,713.40. Louis Roederer Cristal 1989 is now worth 39.1% more than a year ago, bringing in $6,417.90 a case.”