Asset bubbles? Champagne outfizzes Big Tech and bitcoin in 2021
By Marc Jones
LONDON (Reuters) – You is prone to be tempted to pop corks whenever you’ve invested in traditional champagne this 12 months – primarily essentially the most coveted bottles have outperformed all foremost financial market belongings, from Big Tech to bitcoin.
Online platforms that can allow you to commerce fascinating wine, champagne and spirit vintages, similar to shares or currencies, have seen doc train and bumper worth actions this 12 months.
Data from LiveTrade, which runs the “Bordeaux Index” of drinks, confirmed champagne accounted for 15 of the 20 prime worth rises on the platform in 2021.
The price was led by Salon le Mesnil’s 2002 traditional, described by its producer as “fascinating like a samurai sword”. It has surged higher than 80% in price in 2021 on every LiveTrade and one different wine platform …