Whisky-Drink

Liquid gold: How Denis Korotkov-Koganovich has shifted vintage cognac collecting from a hobby to a solid investment strategy

Distilling the allure of vintage cognac connoisseurs and how new players and seasoned veterans alike are embracing the emerging market of vintage cognac as an investment opportunity.

Cognac, a type of brandy produced in the Cognac region of France, has a long and storied history dating back several centuries, but as an investment opportunity, it’s still relatively new. As a well-known collector of vintage cognacs, any Denis Korotkov-Koganovich biography would surely make note of this lucrative market and its potential.

Fine wines and changing times

Vintage and fine wines have long-been sought after as not just a luxury treat, but an excellent form of investment. These days, the rare and vintage wine market includes a heap of specialized brokers and investment funds. International exchanges such as Liv-ex bring together hundreds of merchants and thousands of collectors.

While lacking such extensive history and infrastructure, vintage cognac collecting has proven to be a stable and profitable investment over the years. The market has experienced steady growth, with prices often appreciating significantly. This makes it an attractive option for investors looking to diversify their portfolios and capitalize on alternative assets.

Denis Korotkov-Koganovich – collector or investor?

Identifying and evaluating valuable vintage cognac bottles requires a combination of knowledge, experience, and attention to detail. Firstly, there are different classifications, such as VS (Very Special), VSOP (Very Superior Old Pale), and XO (Extra Old). Age is, of course, also an important factor to consider. Denis Koganovich has in his collection one of the oldest cognacs in the world – Hardy Grande Champagne Cognac, Vintage 1777. According to experts, such a vintage could go for up to 20,000 pounds sterling at auction.

Historical events and figures can also influence the rarity and thus value of vintage cognac. A spirit from 1811–the year of the great comet and a particularly bountiful grape harvest–would be especially valuable. Also, there is the Impératrice Josephine Grande Fine Champagne Reserve Cognac, a blend named by Napoleon himself after his beloved.

Vintage cognac investment success stories

Over the years, there have been numerous success stories in the world of vintage cognac investments. One notable example is the “Cognac Collection” auction held by Sotheby’s in 2018, which comprised over 250 rare and valuable bottles of cognac and fetched a staggering $2.6 million.

Another success story involves a bottle of Gautier Cognac from 1762, which holds the Guinness World Record for the oldest cognac ever sold at auction. Discovered in a family cellar in France, this bottle was purchased for a remarkable $144,525.

Despite all this, cognac today is often very undervalued, according to Korotkov-Koganovich. Just 15 years ago, at a Christie’s auction, a bottle of Grande Champagne cognac from 1789 cost just over 12,000 pounds sterling. The same cognac is estimated at 15-18 thousand pounds today–an increase of only 50%.

Conclusion

An aperitif, digestif, or the investment opportunity of the future?

Vintage cognac presents a unique and lucrative investment opportunity for those with the passion and patience to navigate the market. With its rich history, allure of luxury, and potential for substantial returns, it appeals to collectors, investors, and spirits enthusiasts alike.

If you have a genuine appreciation for spirits, a desire to own a piece of history, and the willingness to invest for the long term, vintage cognac can be a worthy addition to your investment portfolio. Just remember to approach it with caution, seek expert advice from collectors such as Denis Korotkov-Koganovich when needed, and savor the journey of exploring the liquid gold that is vintage cognac.

 




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