Updated: GMT, 13 June Some of the world's rarest bottles of champagne will go under the hammer next week, as Sotheby's holds the first ever auction dedicated solely to the famous French sparkling wine. On 20 June, approximately 1, bottles of champagne will go up for auction via Sotheby's, with some dating from the 50s, 60s, 70s, 80s and 90s.
The champagne going up for auction is part of a wine collection amassed over decades by Taiwanese billionaire entrepreneur Pierre Chen. Entrepreneur: Part of Pierre Chen's colossal wine collection is going up for auction. According to Sotheby's: 'The Louis Roederer Cristal is a champagne of exceptional quality from an outstanding vintage.
The palate is rich and fullbodied with a creamy texture and crisp acidity, leading to a lingering, luxurious finish. This collection of Krug bottles of champagne dating back as far as will also be up for sale. The second of two special auctions being held by Sotheby's will take place a fortnight later, as it sells some of Mr Chen's Burgundy wine collection, with bottles there expected to fetch much more. The investor base for fine wine has grown significantly in recent years, thanks to the growing affluence of consumers in previously unreached corners of the world, the emergence of user-friendly trading platforms, and a fall in the minimum cost of investment.
It's also a physical, tangible asset, like property or gold. However, investing is wine is not for the faint of heart. Provenance is crucial and additional costs and taxes may need to be factored in.
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