It’s more likely than you think! According to a recent article at The Telegraph, there will be severely discounted prices on French Champagne come the end of the year. This stems from a 30%-45% decrease in sales from Europe to Asia through the first half of this year, creating a major supply glut. One must figure that this is due to the Global Recession that has been playing out over the past year, diminishing the number of people with disposable income.
Experts in England are predicting that by Christmas time, there will be such a discrepency in supply and demand, a bottle of lesser-known brand Champagne will drop in price to £10(GBP). For us American folk, that equates to about $16.35. It is yet to be said if the price drop will also make its way into American markets, but since we here at Culture of Spirits have had Mimosas and Poinsettias on the brain for the past several days, we’re hoping that it does. While we’re not likely to see Dom Perignon take a major price dip, it will be nice to grab up a couple of discounted bottles of the French royal beverage, and pop the corks on New Year’s Eve.
If this does indeed come to pass, expect to see me crossing the French 75 and Death in the Afternoon of my list. Speaking of which, Milk Punch has been crossed off. That now leaves 82.