Why is Champagne expensive?

As the blood levels picked up in my alcohol stream and I gradually sobered up from the Christmas-themed liver-buster one question came to me (about five minutes after opening up my credit card statement) why is Champagne so expensive?I don’t want to get involved with differing perceptions of what is or isn’t expensive, but I’ll bet that when most people shell out £15 or more on a bottle of wine that they’re buying a bottle of bubbly. So why is it that a cheap bottle of claret will cost you £5.50; a cheap bottle of burgundy £7.00 and a cheap bottle of champagne will set you back £15.00 or more?

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