Champagne prices surged 33.7 per cent in the first 11 months of this year, as measured by Liv-ex’s Champagne 50 index, its best ever year of performance. That compares with the FTSE All World stock index’s gain of about 15 per cent for the year to date. More than half of the champagne index’s gains this year came during a huge surge in October and November alone. “It’s been remarkable,” said Justin Gibbs, co-founder of Liv-ex, an online exchange for wine. “The market is on a tear.”
Read the full article here.
