Louis Roederer Cristal 2013
By Jeremy Howard, CEO & Co-Founder

Louis Roederer Cristal 2013

  • Louis Roederer’s Cristal 2013 is currently offered at a big discount (-20%) in the Hong Kong market (due to seasonal factors). This represents a significant arbitrage opportunity.
  • Collectors / traders should acquire and hold Cristal 2013 in Hong Kong to benefit as the price rises to the international benchmark through the Autumn.
  • Cru’s storage and re-sale platform means this opportunity open to all investors / collectors, wherever they are in the world.
  • Any client – regardless of location - can buy, store and re-sell Cristal 2013 in Hong Kong.
  • Cristal 2013 is an excellent long-term hold even without a discount: one of only three Cristal vintages to have scored 98 points or more from Wine Advocate.
  • Cristal remains one of our top long-term collection recommendations due to its global demand profile. 

Cristal 2013: Offered at a -20% Discount in Hong Kong

Cristal 2013 is currently offered in Hong Kong at a -20% discount to the international benchmark price (HK$ 12,750 versus HK$ 15,280): 

Traders / collectors can take advantage of this arbitrage buy acquiring and holding inventory in Hong Kong and waiting for the price to correct upwards to the international benchmark over the next 5 to 6 months. Clients in Singapore can also have it shipped there to take advantage of higher prices in that market. 

Why is this Arbitrage Available?

It shouldn’t be.

Hong Kong is one of the biggest markets for Cristal, receiving large allocations in the primary market. Demand is especially strong around Christmas, New Year and Chinese New Year, but it can dip in July / August as buyers are travelling. Plus, on-going virus restrictions have limited on-trade demand temporarily. 

New supply from Louis Roederer is also declining quickly in all markets in Cristal 2013. Once this tap is turned off, on-going demand will have to be satisfied from the secondary market alone. Traders can position themselves now to take advantage of this future demand / supply imbalance by buying and holding Cristal 2013 in Hong Kong today. 

We have also seen a pickup recently in trading in Cristal across all vintages, testifying to the on-going strength of demand globally for this Champagne. 

Cristal 2013 is one of Top 3 Vintages Ever

Louis Roederer’s Cristal was first released commercially in 1945. Wine Advocate has rated it since 1985. 

Since 1985, 17 vintages of Cristal have been released (not counting the Rosé and Vinothèque). Of these, only 3 have been awarded 98 points or more by the most influential ratings service Wine Advocate: 

Wine Advocate’s William Kelley calls the 2013 a “perfect combination” of the 2008 and 2012 vintage “from a purist’s perspective”. Interestingly, Cristal 2013 is more highly rated by Wine Advocate than the 1996 or 2002 vintages. 

With a drinking window to 2060, Cristal 2013 is clearly going to be a fixture in the fine wine pantheon for many decades to come. 

Cristal Champagne is a Key Long-Term Investment Holding

Cristal Champagne is one of the most sought-after brands in fine wine. The best vintages of Cristal have been amongst the best performing in the whole market. We see no signs of slowing demand for Cristal (quite the contrary) and hence we see any chance to buy the very top vintages at a discount as a golden opportunity.


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