The back to the 1914 vintage Moet & Chandon Champagne would be auctioned at Sotheby's on November 13. The bottles were harvested beginning in World War I and had been stored in the wine cellars of Moet & Chandon in Epernay, France. In the statement emailed to Bloomberg, auction house Sotheby' said 270 bottles of white and rose Champagne would be sold. The sale would also include 174 magnums and three jeroboams.
According to Bloomberg, the sale came in the wake of stronger demand for Champagne, the Rhone and Italy in the wine investment market. The monthly report of Live-ex Cellar Watch noted that wine investors were looking to diversify their investments. "Champagne has proven to be a solid investment for buyers during periods of market instability. Buyers have moved beyond the traditional choices of Krug, Cristal and Dom Perignon," the report said.
Sotheby's said the price per two-bottle lot of the 1914 Moet & Chandon Grand Vintage Collection would be pegged at GBP 6,000 or USD 9,600.
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