Asset bubbles? Champagne outfizzes Big Tech and bitcoin in 2021
Information about Asset bubbles? Champagne outfizzes Big Tech and bitcoin in 2021
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By Marc Jones
LONDON (Reuters) – You might be tempted to pop corks if you’ve invested in vintage champagne this year – the most coveted bottles have outperformed all major financial market assets, from Big Tech to bitcoin.
Online platforms that allow you to trade desirable wine, champagne and spirit vintages, much like stocks or currencies, have seen record activity and bumper price movements this year.
Data from LiveTrade, which runs the “Bordeaux Index” of drinks, showed champagne accounted for 15 of the 20 top price rises on the platform in 2021.
The charge was led by Salon le Mesnil’s 2002 vintage, described by its producer as “captivating like a samurai sword”. It has surged more than 80% in value in 2021 on both LiveTrade and another wine platform …