For anyone new to the industry, finding the best wines and the right investors is challenging. Although we can’t give you a magic formula, we can point you in the direction of some of the best online resources for making the most informed decision when buying wine online.
A great way to keep tabs on the latest wines is via a website created by London International Vintners Exchange, also known as Liv-ex, who specialise in internet and telephone based information on global fine wines. The site is trusted by vintners across the world and is kept up to date to such an extent that it is almost real time. It also provides trading and settlement platforms that are crucial to buying and valuing wine online.
The site contains more than 270 merchants and other wine traders and is credited with adding some much-needed transparency to the wine investment sector. The liquidity it provides due to the fact nearly all wine merchants, traders and brokers use the platform also means that deals can settled with great ease, and gives many in the sector a great piece of mind when completing financially substantial wine deals.
As a comprehensive wine searcher, marketplace and trading platform, liv-ex really is the Swiss Army Knife for anyone in the wine investment sector.
If you have just entered the fantastic world of wine trading and investment, then a good look around the liv-ex site is highly recommended and could well give you some great insight into the world of fine wine. There are also some great valuation tools too.
Due to the incredibly large database of statistics, it could take some work and time to fully understand it all, but when it comes to staying abreast of the latest trading data there is simply nowhere else as helpful when it comes to buying and valuing wine online. Liv Ex also has a blog, which publishes up to date news and views regarding the world of fine wine investment.
Our team of wine experts have put together some quick tips for buying wine in the rest of 2017. We hope you find them useful:
It could well be a strong end to the year for Bordeaux – the last few years have been incredibly strong for these wines and 2017 is showing no signs of relenting. All vintages from 2000 to 2013 have been pretty much ahead of all other wine types so if you are pondering a move for any of these fine wines, you are probably onto a winner.
Opus One and Dominus could well be worth looking into and have shown excellent signs in the live-ex algorithm this spring so far. Dominus 2008 has long been a favourite so be sure to take a look at these when you are perusing the markets.
So, get your head stuck into liv-ex for all the latest information on this fascinating industry and ensure you are ahead of the game when it comes to wine investment in 2017. If you have any questions about any of the themes raised in this article or of course our own specialism of wine cellarage, then just get in touch.
This is just one of a number of guides put together by the Octavian Vaults team as part of our commitment to wine enthusiasts and traders, so be sure to take a good look around the remainder of our site as we have all sorts of resources on everything from wine investment to our own area of expertise, fine wine storage.