The Liv-ex Fine Wine 50 Index tracks the daily price movement of the most heavily traded commodities in the fine wine market – the Bordeaux First Growths. It includes only the ten most recent vintages; 2008-2017 for most, and excludes En Primeur. No other qualifying criteria applied.
Bloomberg: LIVXFW50
Thomson Reuters: LIVFW50
The Liv-ex Fine Wine 100 Index is the industry leading benchmark. It represents the price movement of 100 of the most sought-after fine wines on the secondary market.
Bloomberg: LIVX100
Thomson Reuters: LIVF100
The Liv-ex Bordeaux 500 is Liv-ex’s most comprehensive index for Bordeaux wines. It represents the price movement of 500 leading wines from the region and is calculated monthly using the Liv-ex Mid Price. It has been backdated to December 2003.
The index comprises six sub-indices: the Fine Wine 50, the Right Bank 50, the Second Wine 50, the Sauternes 50, the Right Bank 100 and the Left Bank 200.
The Liv-ex Fine Wine 1000 tracks 1,000 wines from across the world using the Liv-ex Mid Price. It is calculated monthly and was rebased at 100 in December 2003.
It comprises seven sub-indices: the Bordeaux 500, the Bordeaux Legends 40, the Burgundy 150, the Champagne 50, the Rhone 100, the Italy 100 and the Rest of the World 60.
”“Informed markets create sophisticated buyers who make purchase decisions based on real and relevant data. Liv-ex plays a central and vital role in this process”.
David PearsonOpus One
All Liv-ex indices are calculated using the Liv-ex Mid Price. The Mid Price, which is based on merchant transactions, is the most robust measure for pricing wines available in the market. It is calculated by finding the mid point between the current highest bid price and lowest offer price on the Liv-ex trading platform. 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, including merchant offer prices and historical Liv-ex transaction prices.
The Liv-ex Mid Price is the mid-point between the highest live bid and lowest live offer on the market, validated against additional data including transaction prices. Mid-prices are used to calculate the Liv-ex indices and value the world’s leading fine wine funds.
Prices given are for 12x75cl trades, or 6x75cl converted to a 12x75cl price.
The Market Price is the best listed price for a wine in the secondary market. Unless otherwise stated, it is standardised to 12x75cl.
How it is calculated
To calculate the Market Price, we look at list prices from a large group of trusted international merchants. Preference is given to prices from stock holders over brokers, to cases over single bottles, and to recent prices over older prices. The algorithm behind it runs every day, evaluating a pool of over 1 billion data points to determine the most accurate Market Prices for 240,000+ wines.
The Market Price is based on standard bottle sizes. For most wines, this is 75cl. Occasionally, such as for sweet wines, different bottle sizes are included in the calculation if they represent the majority. Merchants looking to value non-standard bottle sizes may revise valuations up or down from the Market Price based on their experience of current market conditions.
