Tag: Automation
Offer Your Customers Greater Variety Without Investing in New Stock
Liv-ex members can pull over 23,000 Liv-ex listings onto their ecommerce site to offer their customers increased choice and variety.
It’s more important than ever for wine businesses to find ways to attract new customers and appeal to a broader audience. But for many businesses, investing in new stock and experimenting with new offers requires upfront investment and risk that’s hard to justify in a downward market.
At Liv-ex we’ve developed a solution that lets you showcase all the wine available on the Liv-ex exchange, without the need to invest in the stock upfront. Liv-ex members that connect their ecommerce site to the exchange can automatically show wine available on Liv-ex, offering more variety to their customers.
Bulk out your portfolio at no extra cost
Liv-ex members can pull over 23,000 Liv-ex listings onto their ecommerce site to offer their customers increased choice and variety. Members who choose to integrate with Liv-ex are able to create tailored views for each of their customers, to showcase only the most relevant, and of-interest wines, to create a personalised buying experience for them.
Liv-ex is very powerful as a way to expand your offering! Starting with 1,000 wines, we now have a ‘virtual cellar’ of 23,000 wines, thanks to Liv-ex. Gianluca Queiroli Wine Empire
Read full case study here.
Reduce Risk and Streamline Operations
Before becoming a Liv-ex member, every prospective member undergoes a thorough vetting process; they need to provide two trade references, before an Exchange Committee vets the business, so you know every wine you are listing on your ecommerce site comes from a trusted and reputable wine business.
Additionally, most wines on the exchange are available under the Standard in Bond (SIB) contract, meaning its condition is verified and the wine is held in bonded storage. Members can connect their ecommerce sites knowing that if the wine is listed, it is available and can be delivered in 30 days.
Liv-ex moves the wine between seller and buyer, and verifies it in one of our state of the art warehouses. Liv-ex warehouse employees undergo regular authentication training to ensure they feel confident identifying issues with stock. We have developed a bespoke algorithm to quantify the fraud risk surrounding a wine so the appropriate checks can be conducted. As a result, around 28,000 cases of wine were checked by our warehouse teams in 2024.
When thorough checks are required, we take the bottles out of cases to photograph them. We use ultraviolet torches to check the labels as well as checking them for other producer specific anticounterfeiting measures such as microprint, holograms and QR codes. We inspect capsules, including checking any prooftags. And we also check the cork, sediment and glass embossing or laser etching.
To further enhance security for our members, Liv-ex engages the services of an independent authentication expert who conducts ad-hoc audits of our warehouses and assists in training our staff to spot potential counterfeit bottles.
Tag: Automation
The Industry Standard for Pricing Fine Wine
At Liv-ex we’ve dramatically reduced the time it takes for wine businesses to value wine, by bringing a wealth of data points into one place.
Do you remember the days when buying and selling wine was done over the phone? And the market lacked transparency without readily available data on the value and price of wine. Our founders, James Miles and Justin Gibbs, certainly do, because that’s exactly why they started Liv-ex back in 2000. With a mission to make the fine wine industry more transparent, efficient and safe.
The internet brought with it the ability to buy and sell wine with businesses further afield, opening new opportunities and expanding the possibility of growth. But the internet age also brought an added burden, with information more available than ever, pricing wine became more complex than ever. With numerous sources across the web, diligent wine businesses could spend hours searching, scrolling, and documenting price points in a spreadsheet, ready for analysis.
At Liv-ex we’ve dramatically reduced the time it takes for wine businesses to value wine, by bringing a wealth of data points into one place, and creating tools to support rapid price matching for even the longest lists of wine. We’ve brought transparency to the market by showing a wealth of data points, enabling businesses to make informed and therefore accurate decisions.
Liv-ex Transactional Data
Many online merchants showcase advertised or ‘desired’ prices. This is the price a seller hopes to get for the wine, but it isn’t possible to see the price the wine actually sold for. Liv-ex is different.
Liv-ex Transactional Data shows the price at which a wine has sold, providing the most accurate view of a wines value in the market. Historic Transactional Data can be seen for the past 25 years, allowing members to see the changes and trends in a wines value over time. We supplement Transactional Exchange Data, the sale price of wine on Liv-ex, with Transactional Auction Data, to show the sale price of wine from major auction houses as well.
Transactional Exchange Data is unique to Liv-ex and cannot be found anywhere else, and the combination of Exchange Data and Auction Data provides members with the genuine value of a wine at any given movement in time.
List Data
List data shows advertised prices of wine, although not as accurate as transactional data, list data adds a depth of insight, beyond the sales made on the Liv-ex Exchange and at Auction Houses. We obtain, clean and categorised list data at scale, showcasing perceived value across the secondary market.
Long gone are the days of website-hopping, complex spreadsheets, and countless hours spent compiling data. We save our members time by bringing a vast array of data sources into one place, and not only this, we standardise, categorise and dissect the data, and turn it into several meaningful data points for our members. These data points include the average list price, the lowest list price and the availability of stock across the market.
Relying on limited data from a small number of sources can lead to inaccurate pricing, stock not moving or selling your wines at too low of price point. At Liv-ex we analyse 200 million data points daily.
How do we gather so much information? Liv-ex has members and industry connections that provide their list data to us. They trust us because we are totally independent in the market, we do hold stock and we do compete with our members for business. We work with merchants that do not list their data anywhere online, and this breadth of data cannot be found anywhere else.
Product Data
Liv-ex pulls essential product data into the exchange so that you can build a view of a wines value, including critics scores, drinking windows and ABVs. Find all of this information alongside Transactional Data and List data to save you time when it comes to client consultancy, as well as import and tax documentation that may come next.
List Valuations with Liv-ex
Not only does the Liv-ex Exchange house an extensive dataset to support accurate valuations, we have tools to help you value an entire list of wines in minutes. By simply uploading a spreadsheet of wines, we can return the last Transactional price of each wine, as well as the lowest and average List prices, and details of the same wines currently for sale on the Liv-ex Exchange.
Tag: Automation
How to Sell Wine in Your Sleep with Liv-ex Automation
Through automated selling, wine businesses can achieve greater sales, and with Liv-ex logistics services, increased sales doesn’t mean increased admin.
Imagine having a high-performing salesperson working around the clock—never taking breaks, handling deals while you’re off the clock, and connecting you to new buyers across the globe.
That’s the power of automation with Liv-ex… expose your entire stock list to our network of members around the world—each with their own base of private clients—giving you access to hundreds of thousands of potential customers worldwide.
Automation with Liv-ex
Benefit from automated and frictionless, round-the-clock deal-making. Through automated selling, wine businesses can achieve greater sales, and with Liv-ex logistics services, increased sales doesn’t mean increased admin.
By connecting your ERP system to the Liv-ex Exchange, you automatically list your available stock, enabling anyone in our member base to buy. But don’t worry, you remain in total control. You set the price and quantity you want to sell, there are no listing fees, no limits on how much you can offer, and no risk of double-selling.
With members around the world, the Exchange is up and running 24/7, so you can sell while you sleep, or even when you’re on holiday.
Members already benefiting from automated selling
Goedhuis Waddesdon was one of the earliest adopters of automated selling. Since then, they haven’t looked back—maintaining consistently high trade volumes, with annual sales more than double what they were before automation.
Another leading merchant, Jeroboams, tripled their sales since going live.
It’s been a gamechanger for us! It allows us—to sell while we’re asleep or away from our desks. Since going live, we’ve trebled our sales on Liv-ex, which is a huge advantage in the current market. Alex Turnbull Head of Private and Online Sales, Jeroboams
Read full case study here.
Seamless Logistics for Liv-ex Sellers
At Liv-ex we handle every aspect of logistics. This includes moving the wine from seller to buyer, checking and verifying wine in our high tech, bonded warehouses, and ensuring sellers are paid correctly and on time.
Liv-ex reduces the complexity of buying and selling fine wine as we act as the single point of contact on the other side of every deal, meaning one invoice, one transportation partner, one payment, despite doing businesses with other wine businesses all over the world.