Liv-Ex

Provenance Fine Wines Ltd is a full trading member of the London International Vintners Exchange (Liv-ex), the independent merchant-to-merchant fine wine trading platform.

Since its inception in 2001, Liv-ex has championed consistently an enhanced level of transparency across the fine wine sector assisting both consumers and those more focused on fine wine investment. Their analysis of the 2008 Bordeaux en primeur season in 2009 provided an informed, independent commentary on the traditional annual ‘dance’ between the major Bordeaux Chateaux, their negociants and Europe’s leading fine wine merchants.

As the first and the most successful of its kind, the London International Vintners Exchange is now arguably the world’s most important marketplace for the buying and selling of fine wine. In order to join, Provenance attained approval from a membership committee consisting of some of the most respected merchants in the industry.

In addition to its Affiliate status, Provenance is a contracted Licensee of Liv-ex data whereby Provenance’s internal client database is updated every 15 minutes with current Liv-ex pricing information, made available to clients directly. Alternatively, clients can check prices independently via the Liv-ex website via a collector’s subscription package.

As one of over 300 members in 22 countries across 4 continents, membership of Liv-ex gives Provenance and its clients access to the best available prices globally for the world’s leading fine wines. It also enables us to provide the opportunity to sell wines back onto the secondary market almost immediately should any client wish to capitalise.

From The Times, “Wine lovers pop their corks as rare vintages beat the recession” July 8 2009:

“It has long been suspected that wine was a good investment, but because it’s been an opaque market, investors have been unable to quantify that, but we’ve been able to demonstrate that it performs strongly. Against that very big change in the demand dynamic for wine, you’ve also got a situation where supplies are shrinking. Traditionally, it’s been northern Europe and Anglo Saxon markets who have been the main customers for Bordeaux/claret. But that’s changed. The Far East has become particularly important, China and the newly rich in Asia. Top Bordeaux chateaux are becoming quality conscious, so if anything, they are making less wine. So prices are likely to go up.

I don’t think anyone is suggesting that wine should make up the bulk of your pension, but there is a case for having a small amount of your investment in wine.”

James Miles, Managing Director, Liv-ex