by Wine Owners


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Posted on 2019-04-30


Research does not come any easier than looking at Krug 2004. Vintage Krug is an investment stalwart and the long-term numbers tell us it is a consistent performer. So, you key in the various available vintages into Wine Owners ‘Relative Value Analysis’ and ’04 comes out as THE pick of the bunch:

Krug Relative Value Analysis Wine Owners

Then you read the tasting note from Antoni Galloni:

Krug's 2004 Vintage is absolutely mesmerizing. Layers of bright, chiseled fruit open up effortlessly as the wine fleshes out with time in the glass. Persistent and beautifully focused, with a translucent sense of energy, the 2004 captures all the best qualities of the year. Moreover, the 2004 is clearly superior to the consistently underwhelming 2002 and the best Krug Vintage since 1996. Readers who can find it should not hesitate, as it is a magical bottle. 97+

Simples! But, as ever, it is not quite as simple as that; if we compare the returns over the last twelve months, performance across the vintages is far from consistent:


1996 7.50%
1998 -0.90%
2000 19.80%
2002 2.30%
2003 12.50%
2004 -6.00%

Krug price graph Wine Owners

It is difficult to explain the variances, especially the ‘98 but I take heart that the 2004 is yet to perform positively. It was a decent size crop and clearly there are plenty of merchants still holding their allocation but this means there is still time to accumulate before it starts appreciating – and it most certainly will! This is a buy on a long term basis.


Posted in: on 2019-04-30.
Tags: champagne, fine wine, Fine Wine Investment, fine wine market, Krug, wine, wine investment, Wine Owners,

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