Welcome to the March 2017 Liv-ex newsletter
February provided an opportunity to look back at a number of the last decade’s Bordeaux vintages, before 2016 begins to take the spotlight. Liv-ex looked at 2007 ten years on, identifying how prices for the wines have moved since release. We also explored price gaps between the great 2009 and 2010 vintages, and compared recent critic scores for the 2014s in bottle. Other updates from the month are below.
Survey – thank you
Thank you to everyone that filled out the 2017 Liv-ex members survey, providing us with valuable feedback on our products and services. The final question asked you to predict the closing level of the Liv-ex 100 this year. The results of this are now in: on average, you foresee an 8% rise. Read more on this here.
Pre-advice API
This new API enables you to automate the process of sending pre-advices, saving you time and reducing the risk of error. You can find out more about API services, and how they make automation possible, at the Liv-ex Developers website.
Liv-ex team
Andrew Coulter has joined Liv-ex as a Logistics Administrator, responsible for ensuring that buyers receive their wines on time, as well as verifying condition reports and SIB Passports for wines received into Vine’s warehouse. Before Liv-ex, Andrew worked in legal recruitment. He has an MSc in Business Management and recently passed WSET 2.
Stefanos Xinaris will be working in the Liv-ex data team for six months on list matching and creating new LWINs. Stefanos joins us from Plumpton College, where he studied Wine Business. He also holds a WSET Diploma and is currently studying towards an MBA.
Important: UK based sellers of Duty-Paid stock
From April 1st, UK merchants will need to have registered their AWRS numbers with Liv-ex before selling Duty-Paid stock on the Exchange. This change is being made to comply with new regulations from HMRC. You can find out more about AWRS – the Alcohol Wholesaler Registration Scheme – here.
Liv-ex’s AWRS number is XXAW00000100721. To submit your AWRS number to Liv-ex, please contact [email protected].
Liv-ex in the news
In February, Bloomberg looked at rising fine wine prices with both a focus on the influence of China and on wine as a store of value in uncertain times. Writing for Decanter, Jane Anson looked at how the Bordeaux 2007s are getting on in terms development and price. Decanter also reported on your predictions for the Liv-ex 100. Meanwhile, The Drinks Business wrote on price gaps between 2009 and 2010 Bordeaux, and on the region’s bumper 2016 harvest.
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.
