Welcome to the January 2017 Liv-ex newsletter
The fine wine market ended 2016 on a high. The Liv-ex 100 Index gained 24.8% – significantly higher than the 5.4% increase that Liv-ex members predicted, on average, at the beginning of the year. In the next few weeks, we will ask you to to predict where the market will go over the next 12 months in our annual Members’ Survey. Until then, you can find key Liv-ex updates from the last month below.
New Pricing API launched
The new Liv-ex Pricing API is available to help you view current market data when making pricing decisions. It enables you to receive information on any wine in the Liv-ex database into your own system or website – on demand. A wide range of price points are available and can be received in multiple currencies. Further information and technical documents can be found on the Liv-ex Developer website.
Introducing Liv-ex List
You can now request a fine wine list from Liv-ex. Just like merchant lists, it shows you all of our best offers. By default, the most recent offers appear at the top – and we only show you those available below Market Price. This helps you to find opportunities among the £12.6m of current live offers on the Exchange. Prices are shown in GBP, EUR/bt, HKD and USD.
In December, Liv-ex published a two part interview with Giovanni Geddes da Filicaja of Masseto and Ornellaia. In the inverview, Giovanni discusses business strategy, and shares his insights on the development of the Masseto brand. You can read the first part of the interview here, and the second part here.
Vine sees millionth case
Vine has handled its millionth case since 2009. This was when the system of unique case identifiers (UIDs) was introduced. UIDs give every case stored in one of Vine’s facilities – London, Bordeaux and Hong Kong – a unique numerical code, allowing ownership and identity to be validated easily.
In December, the annual Liv-ex Power 100 was published in the the drinks businessmagazine. This year, the First Growths bounced back, taking all of the top five spots. You can also view the full results on the blog here.
Earlier this month, the Wall Street Journal (subscribers) suggested that it’s a good time to restock your wine cellar – if you’re buying in Dollars. Bloomberg took a similar currency-focused approach, while the Telegraph wrote that this might represent a “Toast to Brexit“…
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.
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