This month’s Market Watch in Decanter magazine provides an update on the secondary market for prestige Champagne, a sector that has faced fluctuations in pricing since the peak of its boom over two years ago.
Following a significant surge in value experienced during the fine wine market’s boom, prices for prestige Champagne have generally fallen since late 2022, though they have not reverted to the levels seen in 2020. Bordeaux Index notes, "The Champagne market saw steadily declining prices in the latter half of 2023 and into 2024. However, there are signs that prices could begin to rise again over the medium-to-long term."
The report highlights that while major brands like Krug, Cristal, and Dom Pérignon have seen a subdued market, buyer sentiment remains positive. Bordeaux Index suggests there is still substantial upside potential for premium wines, as global interest in Champagne continues to grow. However, the recent pricing of new releases has made maintaining demand more challenging in this market climate.
Vinum Fine Wines’ Miles Davis emphasized that the secondary market for Champagne has solidified over the past decade. Despite facing challenges, the Champagne 50 index saw only a slight decrease of 1.4% in February, while a recent survey suggested that fine wine prices might be nearing a bottoming out.
The current Market Watch edition offers detailed insights on which Champagnes may be poised for recovery, along with features on upcoming releases like SuperTuscans Ornellaia and Tignanello 2022, and Pol Roger’s Cuvée Sir Winston Churchill 2018.
Subscribing to Decanter Premium grants access to an in-depth report on the latest releases from La Place de Bordeaux, including highly rated wines like Château Latour 2016.
For further reading and updates on the Champagne market: