Nothing makes a celebration like a bottle of champagne. The flying cork, geyser of bubbly and equally dramatic price tag scream, “Special, not for every day!” But consumers aren't letting cost constraints kill their buzz. Many are trading top-shelf bubbly for wines that pack the same effervescent punch, but at a price that allows for more experimentation. Take for instance sparkling wines made in accordance with the méthode champenoise, but outside of the famed Champagne region. Bottles ...

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