Champagne Krug has released its 2008 vintage causing a flurry of demand in the market.
- Krug 2008 was released this week for £3,180 (12×75).
- The release has already seen demand on the market with multiple bids at £1,925 for six.
- There remains strong activity around the 2008 Champagnes, with the leading labels all showing double digit gains over the year-to-date.
The 2008 vintage Krug was released this week at £3,180 per 12×75. The wine has already risen to command a Market Price of £4,127 per 12×75, kick-starting the market.
Antonio Galloni at Vinous called it a ‘nervy, electrifying Champagne, the likes of which has not emerged from Krug’s cellars since the magical 1996’. He scored it 97-points.
There are currently bids on the new release ranging from £1,200 to £1,880 per six – the majority at the latter price. It last traded for £1,700 per 6×75 (£3,400 per 12×75).
The Wine Advocate’s William Kelley rated the wine 94-points saying it was ‘tightly wound’, an ‘understated, taut vintage’ and buyers would need to, ‘exercise considerably more patience if they are to enjoy it in its prime’.
Rising prices for 2008 Champagnes
Across the board the 2008 Champagnes have proved both extremely popular and strong performers in the market.
As can be seen in the chart above, over the past year and year-to-date, the 2008 wines from all of the major houses have risen in price.
Dom Pérignon 2008 (£1,840) has been the best performer overall, up 48% over the past year and 41% year-to-date, but all of the main prestige cuvées have enjoyed double digit growth in these periods.
New Cristal Vinothèque
The 2000 vintage of ‘Vinothèque’ has also been released by Louis Roederer. The label is the late release version of Cristal, from stocks kept back and aged in the house’s cellars for an extended time on lees and then disgorged and under cork.
It is the fourth release following the 1995, 1996 and 1999. The white and rosé will be available from this November.
Liv-ex analysis is drawn from the world’s most comprehensive database of fine wine prices. The data reflects the real time activity of Liv-ex’s 530+ merchant members from across the globe. Together they represent the largest pool of liquidity in the world – currently £80m of bids and offers across 16,000 wines. Independent data, direct from the market.
