Preheat oven to 350 degrees F and line a muffin tin with cupcake liners.
(1.) In a large bowl, cream together sugar and butter until fluffy. (2.) Add eggs and vanilla and mix well. (3.) In a separate bowl, whisk together flour, baking soda, baking powder, and salt. (4.) In a THIRD bowl whisk together sour cream, champagne, and red food coloring. It should look a little bit like Pepto-Bismol! (4.) Slowly add champagne mixture and flour mixture into sugar and eggs.