Welcome to the September 2016 Liv-ex newsletter
Summer is typically a quiet period for the fine wine market. This year activity has not slowed down: last month trade on the Exchange was almost a third higher than in August 2015. The fine wine indices have also been climbing. The Liv-ex 1000 Index closed August at an all-time high of 281.62; the Liv-ex 100 increased for the ninth consecutive month.
Liv-ex also saw its first ever trade in English wine in August when a 6×75 case of Nyetimber Classic Cuvee, 2010 traded on the Exchange for £120. Other developments from the month are below.
LWIN: a case study with LCB Vinotheque
Liv-ex has published a case study on how LWIN – unique identifiers for fine wine – helped to transform operations at LCB Vinotheque.
The study explains how Vinotheque incorporated LWIN into its systems. This change has dramatically increased efficiency within the warehouse. You can read the case study on the Liv-ex Developer website, here.
Vine regular transport schedule resumes
Vine resumes its regular transport schedule in September.
This includes:
- The temperature-controlled truck between Tilbury and Bordeaux
- Twice monthly Prime collections from Beaune, Switzerland, Germany, Holland and Belgium
- Weekly deliveries to Hong Kong
Coming soon
Vine integration: Towards the end of this month an update to the Vine system will be launching. It will enable you to offer wines on the Exchange directly from your Vine account.
Settlement online: Liv-ex will soon be launching a significantly enhanced view of your account, enabling you to track payments and stock movements at the click of a button.
Liv-ex team
Mark Taylor: This month Mark joined the Vine team as a Client Executive. He will be a dedicated point of contact for our members, on hand to assist with settlement and logistics inquiries. Mark was born in Somerset, and completed his WSET 3 before moving to London. His hobbies include sport and ballroom dancing. He is currently learning French.
Nikki Graham: Nikki joined the Marketing team this month as a Marketing Assistant. She is responsible for managing Liv-ex social media platforms, email updates and contributing to the Liv-ex blog. Nikki recently returned from two years in Australia, where she completed WSET 3. Her hobbies include skiing, netball, and travel.
Harneet Khaneja: Harneet has joined Liv-ex on a Finance Internship for her placement year from university. She is currently is an undergraduate at Brunel University where she studies Accounting. At Liv-ex Harneet is helping the Finance team with invoices and answering queries from members. Her hobbies include basketball, art and volunteering.
Thank you for reading
We hope that you’ve found this edition useful. As always, you can keep up to date with developments as they happen by visiting the Liv-ex noticeboard. If you have any feedback or questions on this newsletter, please email [email protected] or call +44 (0)20 7062 8788.
