The price of the world’s most expensive bottles of wine could soar by more than 2,500 per cent in the coming years, according to a survey.
The survey, commissioned by The Times, also found that the world could be experiencing the “highest single period of price growth since World War II”.
The Times said the increase in the price of premium wines, such as Cabernet Sauvignon, would be “unprecedented” in the history of wine.
It also revealed that prices of the most expensive wines were set to rise by about 1,000 per cent from 2018, rising to nearly 5,000 in 2020 and 5,800 in 2023.
In addition, it revealed that in 2020, the price tag for premium wines was forecast to exceed $100,000.
The report also suggested that the annual inflation rate for the top 25 wines was set to double in 2020 to 6.8 per cent.