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The Liv-ex Fine Wine Investables Index
The value of the index on 31st December 2009 was 242.09, a +3.2% change on last month. The index was up 18.3% in 2009.
Four year series:
Full series:
Download the full data series here
About the Liv-ex Fine Wine Investables Index
The Liv-ex Fine Wine Investables Index is designed to track the wines commonly found in a wine investment portfolio. The index consists of Bordeaux red wines from 24 leading chateaux. The component wines date back to the 1982 vintage and are chosen on the basis of their score from Robert Parker. The wines are priced using the Liv-ex Mid Price with various scarcity weightings applied to account for older vintages and wines produced in smaller quantities.
The index dates back to January 1988 and was rebased at 100 in January 2004. Liv-ex has been calculating Mid Prices for selected wines from 2001 onwards. Component prices prior to that date are the result of an extensive collection of historical price data from leading fine wine merchants. If you would like any more information on Liv-ex indices or would like to enquire about purchasing Liv-ex data, click here.
How the Index is calculated:
- In order to qualify for the index, wines must have scored 95-points or above from Robert Parker (most-recent score on erobertparker.com only). The top eight 'brands' of Bordeaux – the five First Growths, Ausone, Cheval Blanc and Petrus – are included on the basis of a score of 90 or above.
- Any wine produced in the last fifteen vintages can be included in the index – prior to that only wines from strong vintages qualify, with the oldest being 1982. They must also be physically available in the UK market, so recent vintages that are only trading on an En Primeur basis are ineligible. Vintages are added each July in the year they become physical.
- The index is calculated using the Liv-ex Mid Price for each component wine. The Mid Price is the most robust measure for pricing wines available in the market and is calculated by finding the mid point between the current highest bid price and lowest offer price on the Liv-ex trading platform. If there has been a transaction on Liv-ex within the last 30-days and the transaction price sits within the bid-offer spread, then it is used as the Mid Price. Each price is then verified by our valuation committee to ensure that the number is robust after taking into account all data at our disposal. Download the Liv-ex Mid Price logic.
- The index is price weighted. A scarcity weighting is applied to vintages older than 15 years, with the weightings of Petrus and Ausone also reduced to account for their low average production levels.
Number of components and weighting by vintage
| Vintage |
Number |
Weighting |
| 2005 |
19 |
16.0% |
| 2004 |
10 |
3.7% |
| 2003 |
15 |
8.6% |
| 2002 |
8 |
3.1% |
| 2001 |
8 |
3.4% |
| 2000 |
20 |
18.3% |
| 1999 |
10 |
4.4% |
| 1998 |
9 |
5.2% |
| 1997 |
4 |
1.5% |
| 1996 |
11 |
7.3% |
| 1995 |
13 |
6.1% |
| 1994 |
6 |
3.1% |
| 1990 |
15 |
7.2% |
| 1989 |
11 |
4.9% |
| 1986 |
9 |
4.0% |
| 1983 |
6 |
0.4% |
| 1982 |
14 |
2.8% |
Number of components and weighting by chateau
| Chateau |
Number |
Weighting |
| Lafite Rothschild |
17 |
17.9% |
| Latour |
14 |
13.3% |
| Margaux |
16 |
12.4% |
| Cheval Blanc |
13 |
9.3% |
| Haut Brion |
14 |
9.2% |
| Mouton Rothschild |
14 |
8.0% |
| Petrus |
15 |
5.5% |
| Mission Haut Brion |
4 |
3.5% |
| Pavie |
7 |
2.8% |
| Leoville Las Cases |
8 |
2.7% |
| Angelus |
6 |
2.2% |
| Ausone |
14 |
1.8% |
| Palmer |
5 |
1.6% |
| Montrose |
5 |
1.6% |
| Conseillante |
5 |
1.5% |
| Pichon Lalande |
6 |
1.5% |
| Cos d'Estournel |
6 |
1.4% |
| Ducru Beaucaillou |
3 |
0.8% |
| Pichon Baron |
4 |
1.7% |
| Leoville Poyferre |
3 |
0.6% |
| Lynch Bages |
2 |
0.6% |
| Grand Puy Lacoste |
3 |
0.5% |
| Leoville Barton |
2 |
0.4% |
| Pontet Canet |
2 |
0.3% |
Download the full list of components here
Important Notice: Please acknowledge that all data and content together with any rights therein, without limitation copyright and database right, are and shall remain the property of Liv-ex Limited (or its licensors, as the case may be), and you further acknowledge that such information is provided for your personal use only. Any other use of the information on this site, including any commercial use thereof, requires a licence or such other written permission from Liv-ex Limited.
Liv-ex Indices Subscriptions
Due to our unrivalled access to fine wine price data, Liv-ex indices are widely acknowledged as the fine wine industry's benchmarks. You can subscribe to an existing Liv-ex index or create a bespoke index in conjunction with us. Component price data is also available for any of the indices, with historical prices going back to January 2004 (further on request).
• Choose from a wide range of existing indices
• Create your own index – you choose the wines
• Updated monthly
• Best List Price or Mid Price
• Full component price data supplied if required
• Licensing deals available – including the 100 and 500
• Historical price data available
• Delivered in Excel format
To request more information on subscribing to a Liv-ex index
click here.
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