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News
Liv-ex offers reach £30m high
The value of stock being offered on Liv-ex hit a new high of £30 million this week having doubled over the past two years.
As Liv-ex explained, the growth has largely been driven by the on-going broadening of the fine wine market. There are now 6,801 different wines available on the Exchange, even including wines from England and China.
That said, ‘traditional’ regions are the main drivers of the rising value.
Since 2015 Bordeaux has witnessed a 26% increase in offers, Italy 67%, the US 87%, Burgundy 80% and Champagne 134%.
In addition, Liv-ex suggested that a number of new initiatives designed to speed up and streamline trading may have helped boost activity on the Exchange.
Tools such as Wine Matcher and the new automated trading system mean lists can be uploaded and adjusted in real time, reducing admin and making trading more efficient and accurate.