It may have lost some of its fizz, but a 99-year-old bottle of Moët champagne will soon prove it’s gained in value.
Sotheby’s is planning to auction six bottles of 1914 Moët & Chandon champagne at its sale in London this fall. It will be sold in three sets of two, with each bottle expected to fetch an estimated $ 3,800 to $ 5,000.
The sale highlights rising prices and a growing taste for vintage champagnes among the wealthy. Two years ago, a bottle of Veuve Clicquot that was nearly 200 years old and found in a shipwreck near Finland sold for more than $ 40,000.
While old champagnes lose some of their effervescence, they develop more subtle flavors and finishes that appeal to discerning palates, wine experts say.
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“Sure the bubbles are less aggressive,” said Jamie Ritchie, CEO and president of Americas and Asia for Sotheby’s Wine. “But there is a richness and roundness that is very appealing to those who like older champagnes.”
Sotheby’s will be selling the bottles, along with more than 260 other bottles of Moët, as part of its Finest & Rare Wines sale in London on Nov. 13. Moët celebrates its 270th anniversary this year.