2002 Dom Perignon release

Last week saw the release of 2002 Dom P.  My inbox was flooded with offers and retailers selling for about 420£ for a 6 pack.  Looks fair in price, but I need to do some more research first before buying any “champers” for investment.  I guess Dom P would probably not be a bad place to start though.  I just don’t see enough growth potential for me to invest yet.  I personally prefer Tattinger Comtes de Champagne at this level, and is actually a little cheaper. Below is a recent posting on Liv-ex about the wine which I found interesting: 

Spotlight on… Dom Perignon   Dom 1996

Owner: Moët & Chandon
Colour: White
Standard blend: Pinot Noir (45%) and Chardonnay (55%)
Other wines: Dom Perignon Rose, Dom Perignon Oenotheque
  

History Dom Perignon is one of the world’s most sought-after prestige cuveés. Produced by the Moët and Chandon champagne house, the vintage wine takes its name from a celebrated Benedictine monk whose experiments with bottle fermentation and blending methods in the 17th century contributed greatly to the rise of sparkling wine. 

Champagne became a favourite of Louis XV and Madame de Pompadour in the 18th century, and its imperial popularity and status soon saw it shipped to England, Spain, Eastern Europe and America. It was during this era of rapid expansion that Moët and Chandon purchased the vineyards of the Abbey of Hautvillers, the setting where Dom Pierre Perignon had once investigated the possibility of making sparkling white wines from an assemblage of Pinot Noir and Chardonnay. 

In 1921, Moët and Chandon produced the first vintage of its super cuvée – Dom Perignon –  though it was not released until 1936. Since then, the champagne has come to enjoy extraordinary brand recognition, alongside other quintessential luxury cuvées such as Cristal and Krug. Dom Perignon winemaking is currently overseen by chef de cave, Richard Geoffroy.Dom Perignon 2002 

In March this year the 2002 vintage received  96 points from Antonio Galloni of the Wine Advocate – the brand’s highest WA rating since the 1996 (RP 98). Galloni describes the latest vintage as “at first intensely floral, with perfumed jasmine that dominates the bouquet. With time in the glass the wine gains richness as the flavors turn decidedly riper and almost tropical.”  More redolent, however, were Parker’s comments on his bulletin board: “2002 DP…..call your bank…line up the truck…September 2010 release…” The latest vintage is described by winemaker Richard Geoffroy as “very approachable and inviting, more open than previous vintages at the same stage thanks to the ripeness of the fruit.” It is currently available on pre-release at £420 per 6x75cl case. 

 Market Trends 

Dom Perignon vintages have seen robust price appreciation over the past few months, with a number of recent vintages posting gains of more than 6% year-on-year. The 1995 (RP 94; £800) in particular has seen a strong push upwards, having risen by 24% since July 2009. Despite a similar Parker score, the wine is double the price of the 2000 (WA 94), which is trading at £380 per 6x75cl case. With a rating of 18.5/20 from Jancis Robinson, the 2000 certainly looks good value Two of the most celebrated Dom Perignon vintages of the last decade are the 1996 and the 1990. The 1996, which received 98 points from Robert Parker but only 95 from his colleague Galloni, is trading at £900 per 6x75cl case – up from £730 in July last year. And whilst the 1996 edges ever closer to £1,000 per case, the 1990 (RP 96) has already broken through this barrier, and is up 7% year-to-date. The table below shows the current prices of recent Dom Perignon vintages. 

Dom Perignon 
  All prices are in GBP and are for 6x75cl cases stored in bond. All scores from erobertparker.com. 

 

  
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2 thoughts on “2002 Dom Perignon release

  1. Hi Milton,

    2002 Dom Perignon is definitely worth buying for investment at around £425 per six IB. If you get it early in good years or at a good price once the market starts to move you can probably make enough to drink for free – 1995, 1996 and 2002 are all still buys.

    Several premium vintage Champagne brands trade well for investment – DP, Krug, Salon and Taittinger CdC. Buy only highly rated wines from the best years.

    Best,
    d

  2. Thanks for your comments Don, I have picked up a case of 12 Dom P 2002, and a case of 12 of 1999 Taittinger CDC. I hope I can resist drinking any of it though for at least 5 years. Hopefully it will skyrocket in value, and I will sell it in 15 years when my kids will really need the money.

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