Welcome to the August 2017 Liv-ex newsletter
While many businesses have been slowing down for summer, exposure on the Exchange – the total value of firm bids and offers – stands at a high £40million this August. There will be no disruption to Liv-ex collection or delivery services this year and the Exchange remains open 24/7 for all of your trading needs, come rain or shine.
Have you heard of LWIN?
LWIN, the Liv-ex Wine Identification Number, is being adopted by many members of the fine wine trade. By standardising fine wine names, these unique codes help to increase the efficiency and accuracy of fine wine transactions. In August, Liv-ex released a short animated video explaing how LWIN can help your business. You can view it here.
Want to know more about LWIN? You can find find out more on Liv-ex Developers, here.
Liv-ex distribution tariff updated
The new Liv-ex distribution tariff, which is updated annually, will come into effect on 1st September 2017. The updated tariff offers increased deliveries to several UK postcodes. No prices will rise. You can find out more here.
Liv-ex in the news
Bordeaux’s trade share was the subject of a number of stories this month. Bloomberg’s Guy Collins reported on its uptick in July as well as recent demand for Yquem. Meanwhile, The Drinks Business examined activity for Lafite and a rise in the number of searches for Figeac.
You can find the top fine wine market news stories on our press page, here.
The finance team is pleased to welcome Tracy Ngina. Tracy has joined Liv-ex on a Finance Internship for her placement year from university. She is currently is an undergraduate at Brunel University where she studies Economics and Accounting. At Liv-ex Tracy is helping the Finance team with invoices and answering queries from members. Her hobbies include basketball and baking.
The new Liv-ex logistics distribution tariff, which is updated annually, will come into effect on 1st September 2017. As of this date, the frequency of deliveries will be increased for the following UK postcodes: BN, CT, DN, HR, LD, LL, NN, SA, WR.
Liv-ex delivery prices will not increase as part of this update.
When processing orders on Vine, please make sure you consult the tariff. Confirm your desired delivery date to ensure all orders are delivered when expected. You can download it below.
What is the tariff?
The tariff lists the prices for all Liv-ex deliveries in the UK. It is divided into twelve bands which refer to postcodes throughout the UK. If you have any questions on this, please contact your Vine Manager.
Liv-ex logistics 2017 services and price list
For more information on Liv-ex logistics services, you can download our guide here. This document provides information, pricing, and relevant documents on all Liv-ex distribution services. This includes collections and deliveries across Europe, and the weekly Hong Kong shipment. If you would like to use any of Liv-ex logistics services, your Vine Manager is available to answer all related questions.
August might be ‘the Sunday of the summer’, with businesses slowing down and many services reduced, but Liv-ex remains open for you to trade 24 hours a day, seven days a week.
This year, there will be no disruption to Liv-ex services. Temperature controlled trucks will be deployed throughout August, ensuring that your collections and deliveries are transported safely come rain or (hopefully) shine.
The next collection dates for your sales on Liv-ex (Belgium, France, Germany, Holland and Switzerland) are:
- W/C 7th August 2017
- W/C 21st August 2017
The Bordeaux to London trucks and Hong Kong air freight service will continue to run weekly.
Liv-ex runs international collection and delivery services that operate in Asia, Belgium, France, Germany, Holland and Switzerland.
Welcome to the July 2017 Liv-ex newsletter
With En Primeur now behind us, analysis on Liv-ex Insights will return to its usual schedule, posting updates from a broad range of regions. We recently published a spotlight on Masseto, and for the first time ever, this year’s Liv-ex Classification will include wines from beyond Bordeaux.
Wine Matcher now available
Wine Matcher, the award-winning artificial intelligence tool for the wine trade, was launched this month. Wine Matcher is a web-based tool that can clean and price up to 5,000 lines of data per minute. This enables you to match your list to LWIN, download pricing information and upload bids and offers to Liv-ex.
Bordeaux 2016 – hit and miss
Liv-ex’s concluding report on Bordeaux 2016 was published in June. In this short study, we conclude the En Primeur season for this year by looking at the wines that appear to be most overvalued or undervalued according to Liv-ex’s fair value methodology. You can download the report here.
Liv-ex 2017 Classification
The fifth Liv-ex Classification has now been calculated. Using the same methodology as the famous 1855 classification, Liv-ex has ranked top investment grade wines by price. For the first time, this year’s list will include wines from regions beyond Bordeaux. You can find part one – wines of the Left Bank – here. The Right Bank, second wines and rest of the world classifications will appear on Liv-ex Insights this week.
Changes to bid/offer notification emails
The email notifications for new best bids and offers will soon become more relevant to you. The number of emails that you receive will be reduced: You will only be notified when new bids and offers are close to your own position. The percentage change in the new bid/offer will be also be highlighted.
You can also receive notifications of new best bids and offers directly into your system via an API. For more information please visit Liv-ex Developers or contact your Account Manager.
The data team is pleased to welcome Theodora Moscalu who will be helping maintain the quality of Liv-ex’s data and reporting. Theodora previously worked in construction, where she was involved in project management for Crossrail and Network Rail. Before that she studied at University College London, graduating in 2015.
Liv-ex in the news
Decanter‘s Jane Anson offered in-depth analysis of this year’s Liv-ex Classification this month, while the Telegraph published a story on the top ten fine wine performers over five years. The Drinks Business reported on Liv-ex’s commitment to making LWIN – the unique identifiers for fine wine – free forever. To stay up-to-date on the fine wine market in the news, you can now visit our new in the press page here.
Wine Matcher, an award-winning artificial intelligence tool for the fine wine trade, has been released on a subscription basis today. It is a web-based tool, which means that it is instantly available for merchants to use. No development time is needed.
For more information, click here or speak to your Account Manager.