General

What is Liv-ex?

Liv-ex is the global marketplace for the wine trade. We have over 530 members, from start-ups to established merchants. We give them the tools they need to price, buy and sell wine more efficiently. 

There are currently over £80m of live trading opportunities for buyers and sellers, ranging from everyday drinking wine to fine and rare bottles. Liv-ex makes sure that every trade is settled efficiently. Our logistics and accounts teams ensure that buyers get their wine and sellers get their money quickly. 

Membership is available exclusively to wine businesses. Merchants, courtiers, negotiants, producers, auction houses and wine investment funds can trade anonymously on the platform and make use of our data insights. Additionally, producers can access data-only membership. 

Wine businesses who want to find out more can request a personalised demo from the Liv-ex team. 

Who can join Liv-ex?

Membership of Liv-ex is open to most wine businesses including merchants, courtiers, negotiants, producers, auction houses and wine investment funds. 

Trading membership of Liv-ex reserved for professional buyers and sellers of fine wine, i.e. wine merchants. Each member is checked and approved by our membership committee with industry references being taken up. 

Data-only membership is available. It provides access our insights and our unique pricing data, which helps you to understand current values and pricing trends. 

You can find information about packages on the pricing page. 

Liv-ex does not and never will allow private collectors to trade on the market. If you are a fine wine enthusiast, you are advised to contact your wine merchant, who can trade on Liv-ex on your behalf. Many merchants are also able to provide you with valuation information using Liv-ex data. 

How can I join Liv-ex?

First, complete this short form. A friendly member of the team will contact you within one working day to get you started.

How can I access Liv-ex blogs and reports?

Many blogs and reports are now available exclusively to Liv-ex members. If you represent a wine business, you are welcome to enquire about membership. 

If you are a private collector, you can access free posts on the Liv-ex blog. Many reports are also available for free. Several merchants also share analysis from Liv-ex with their customers. 

I am a journalist with questions about wine data/prices. Can you help?

We are happy to help members of the press with price information, index series, and comment. Click here to get in touch. 

I am a student/academic with questions about data/prices. Can you help?

We will do our best to accommodate academic requests for data but cannot guarantee a response due to the volume of requests we receive. Contact us with your request.  

I am a Liv-ex member. Can I use your blogs, reports and charts in my marketing?

You are welcome to use charts from Liv-ex.com, reports, or blogs. Please cite Liv-ex as the source, with a link back to our site.  

We ask that you don’t copy/paste written content, though you are welcome to selectively quote it (as a journalist would do).  

This is all subject to fair use. We reserve the right to ask you to reduce the volume of Liv-ex content that you use. 

I can’t log in to my account. Can you help?

If you are a private collector, you may have Cellar Watch account. Cellar Watch has been sold to Vinous, but you should still be able to access your account. Visit cellar-watch.com and try to log in there. If your password doesn’t work, follow instructions on the site. Liv-ex no longer manages Cellar Watch and will not be able to help with any access issues. 

 If you are a wine business and a professional member of Liv-ex, click here to reset your password. If you are still experiencing problems, please contact your account manager. 

Got another question about Liv-ex?

Data

Which price points are available?

The Liv-ex database contains 780m+ lines of accurate wine price information, dating back over 20 years.  

A range of price points are available, including Market Price (listed price), last trade price, and current bid/offers. You can find out more here

What is the Market Price?

The Market Price is the best listed price for a wine in the secondary market. Unless otherwise stated, it is standardised to 12x75cl. A full explanation is available here.

What is the Mid-Price?

The mid-point between the highest live bid and lowest live offer on the market, validated against additional data including transaction prices. Mid-prices are used to calculate the Liv-ex indices and value the world’s leading fine wine funds. 

Prices given are for 12x75cl trades, or 6x75cl converted to a 12x75cl price. 

Are prices for single bottles or cases?

Liv-ex prices are standardised to 12×75 (9-litre) case values unless otherwise stated. 

Prices are reflective of wine held in bond. This means that they exclude any taxes, which vary according to country. 

Why is transactional data most reliable?

Other sources of fine wine price information and indices base their calculations on list prices. These are advertised prices, sometimes collected from sellers who may be advertising wine that they don’t even have in stock. There is no firm commitment to buy or sell at an advertised price. The real value of the wine may be higher or lower than listed. 

Liv-ex can uniquely provide you with prices from real merchant transactions. These are historic trade prices, as well as firm commitments to buy or sell on the market at a given price. All transactions are standardised by condition and tax status, allowing you to make like-for-like comparisons. Our members value this because this because it is real, proven price information. 

How can I value my portfolio?

Liv-ex members have various tools available to them to create fast, accurate valuations. Wine Matcher and Automation both enable this. If you are a business outside of the wine trade (e.g., an insurance underwriter), we can offer a quote for a one-off valuation. Click here to enquire.  

If you are a private collector who is looking to value your cellar, we suggest trying Cellar Watch. Many reputable merchants also offer valuation services for private collectors using Liv-ex data as complimentary. 

What does “fair value” mean?

Liv-ex uses regression analysis to plot release prices against the quality of the wine based on important critic scores and vintages. You can find more details here. 

These analyses are available to Liv-ex members on Silver+ packages through the Fair Value tool available to them. 

Where can I find the Liv-ex Indices?

Liv-ex has created several indices to track the price of fine wine, including the industry benchmark Liv-ex 100. You can find them on the indices page, which is part of the news & insights section. 

How are the indices calculated?

All Liv-ex indices are calculated using the Liv-ex Mid Price. The Mid Price, which is based on merchant transactions, is the most robust measure for pricing wines available in the market. It is calculated by finding the midpoint between the current highest bid price and lowest offer price on the Liv-ex trading platform. Each price is then verified by our valuation committee to ensure that the number is robust after considering all data at our disposal, including merchant offer prices and historical Liv-ex transaction prices. 

 

Got another question about Liv-ex?

Accounts

Where can I find my invoices / net statements?

You can access invoices and net statements through the Account Summary page on the Liv-ex website. Go to the Net Statements & Invoices tab.

You can select different dates to view and then either download or email to yourself.

You can also go to Net Statements directly from the Account Summary tab.

Can you help me to understand terminology on the net statements?

  • SI – Sales invoice
  • SC – Sales credit (credit notes issued by Liv-ex)
  • SR – Sales receipt (these are payments sent by member to Liv-ex)

 

  • PI – Purchase invoice
  • PC – Purchase credit (these are credits/discounts given by the seller)
  • PP – Purchase payment (Liv-ex payment sent to seller)

What does it mean when I see CR in the reference column in my net statement?

CR is the reference that Liv-ex uses when entering payments received. If CR is showing as the reference on a line of the Net statement, this indicates that a payment is either fully or partially unallocated. Usually this is because Liv-ex is waiting for confirmation from you about which trades to apply the payment to.

What is a contra?

Contra is the term for netting off the sales invoices and purchase invoices in your account on a weekly basis. This leaves a net payment due, either to you, or to Liv-ex. This is done each Friday when the net statements are created.

What if I do not want contra to apply to my account?

If you send the gross amount payable to Liv-ex and it reaches us by Wednesday morning of each week, Liv-ex will only pay the gross amount due to you when payment is processed.

Please note that it is common for bank transfers to take three working days to reach UK bank accounts. This means that payments should be initiated on Friday (following receipt of the net statement) to clear our account by Tuesday.

Why is the total amount on the net statement different to the total amount payable / receivable as per the account summary?

This can happen where prepayments have been made, or when there have been En Primeur trades.

Please also note that there are two amounts shown on the Account Summary page.

Net amount payable = Amount as per the last weekly net statement

Current balance = live current amount.

We have paid or prepaid for trade number LX xxxxxx. Why is it still showing as unpaid or overdue?

This can be because the payment has not yet reached Liv-ex’s bank account (bank transfers can take up to 3 working days to clear).

Alternatively, the payment has been received but not yet allocated in the Liv-ex system. To ensure that your payment is allocated as quickly as possible, please send details of which trades the payment should be allocated to when making the payment. You can send this to the Liv-ex Finance team at finance@liv-ex.com.

If it has been more than 3 working days since payment was sent and you have provided Liv-ex with details of how to allocate but the trade is still showing as unpaid, please contact finance@liv-ex.com

How should I reference my payments to Liv-ex?

Please provide either the Liv-ex invoice number or the LX trade number (eg: LX xxxxxx).

Alternatively, if you are paying the amount as per the set statement you can reference the net statement date.

Liv-ex does not recognise any other information such as PO numbers.

If you are unable to enter references to your payment when making a bank transfer, please send an email with the allocation details to finance@liv-ex.com.

When will I get paid the amount from my net statement?

Net statements are run each Friday. The payment runs are processed the following Wednesday. Bank transfers take three working days so payment should be received into your account on the Friday following the net statement, i.e., one week later.

We have received a payment from Liv-ex. What does this relate to?

Payment received should be as per the most recent net statement.

There may be a timing issue between our records and yours if you have sent a payment Liv-ex which we have not received and allocated before the weekly payment run is initiated.

If there is a discrepancy that you are struggling to reconcile, please contact finance@liv-ex.com.

What is “Net amount payable” on the Account Summary page?

This is the amount you owe to Liv-ex (Red) or Liv-ex owes to you (Green) as per your most recent net statement. This number updates every Friday.

What is “Current balance” on the Account Summary page?

This is the total amount you owe Liv-ex (red) or Liv-ex owes you (Green), including any pre-payments. This is real time information.

What affects my “Trading headroom” on the Accounts Summary page?

Headroom will decrease once a trade has taken place.

To increase the buying headroom, you are advised to either pay for trades once they are invoiced or prepay it before it has been invoiced.

The selling headroom will increase once any sold stock is received into Liv-ex warehouse, checked and invoiced.

How can I see the status of my trades?

In the Accounts summary page in the Recent Activity section

My buying or selling limit is not high enough. How can I increase it?

Please contact your Account Manager to discuss.

Got another question about Liv-ex?

LWIN

What is LWIN?

An LWIN (Liv-ex Wine Identification Number) is a seven or 11-digit numbers. They act like an ISBN for wine, allowing information about wine to be transferred seamlessly between systems.  

You can find out more about LWIN on our website, or download our short guide to LWIN.

Is LWIN the same as a product code?

No. The detailed information in LWIN helps to accurately identify, describe and differentiate between wines in a standardised way.  

LWIN does not contain some of the extra information that a system might need to track & process stock (e.g. tax status). This kind of information is often setup in a specific way due to how the customer operates, their underlying system, or territory they are based in. 

LWIN should always be added as a further property of a product code, enabling connectivity without disrupting existing process.  

How long are LWIN codes, and what do they look like?

LWINs are unique 7, 11, 16 or 18-digit codes. The 7-digit code refers to the wine itself (i.e. the producer and brand, grape or vineyard). The longer codes include information about the vintage, bottle and pack size.  

  • LWIN-7: 1234567 – Winery name, Cabernet  
  • LWIN-11: 12345672012 – Winery name, Cabernet, 2012  
  • LWIN-16: 1234567201200750 – Winery name, Cabernet, 2012, 750ml bottle size*  
  • LWIN-18: 123456720121200750 – Winery name, Cabernet, 2012, 12 bottles of 750ml  

*All bottle sizes are expressed in milliliters in a five-digit format. 

How do I match my list to LWIN?

The easiest way to match your list is with Wine Matcher, an online tool developed by Liv-ex. 

We offer free one-month access to a limited version of Wine Matcher for any business wanting to get started with LWIN. You can upload an Excel list of wines, and Wine Matcher will automatically clean it, standardise it, and add LWINs. A one-month pass provides time to use it for adding LWIN to your list. You can request access here. 

The full version of Wine Matcher can also add extensive price information to Excel lists of wines. It’s part of the Liv-ex membership offering. You can find out more about it here. 

I’m a producer and I’d like to assign an LWIN to my wine. Can you help?

We’d be happy to help. Please contact our team to request an LWIN for your wine. 

How much does LWIN cost?

LWIN is free and always will be. It has a Creative Commons license, which commits Liv-ex to keeping it free forever.

Got another question about Liv-ex?

Trading

How much does it cost to trade on Liv-ex?

Monthly membership is available from £240 per month. Commission on sales/purchases is set at 2-3% depending on your package level. Find out more here. 

Liv-ex handles all payment, and all wine traded on Liv-ex travels through our warehouse or hubs. Our settlement fee covers this service, as well as three months of storage and insurance. Additional collections and delivery services are available. A full breakdown of settlement fees is available here. 

How can I be confident in the wine I’m buying?

We invest heavily in our processes and systems to ensure all trade on Liv-ex is conducted as safely and efficiently as possible. Our experienced and skilled warehouse teams are a fundamental part of this operation, not least because they carefully open, inspect, photograph and check more than 65,000 cases of wine a year. 

Liv-ex trading contracts also ensure transparency about the condition and tax status of the wine you are buying. 

What are Liv-ex trading contracts?

Liv-ex contracts standardise trading on the market, ensuring that you know exactly what to expect when your case arrives. These are SIB (Standard in Bond), SEP (Standard En Primeur), and Special. You can find definitions of these here.

What is SIB?

Wines under the SIB (Standard in Bond) contract have no condition issues, are held in bond and are delivered to Liv-ex within two weeks of the trade taking place. You can further details here.

What is Special Now?

“Special – Now” indicates that a wine is immediately available in the Liv-ex warehouse.  

Click here for further information.

Can I sell En Primer wine on Liv-ex?

Yes, but you will need to request a selling limit based on a bank guarantee or insurance bond. This should be provided up front at your expense. Find out more here. 

Can you help me to spot trading opportunities?

As a trading member, you’ll receive regular alerts of interesting trading opportunities and have access to our team of brokers to help you find, buy and sell the wine that you’re looking for. 

You can also view your stock list on Liv-ex to find good selling opportunities.  

Members on the Silver package and above can use Wine Matcher to find buying opportunities on other lists easily.  

Do you provide wine investment advice?

Liv-ex is not registered to provide investment advice.  

I am based outside of Europe. Can I buy and sell wine on Liv-ex?

Yes. Liv-ex has members in over 40 countries who buy and sell on the marketplace. Our logistics network has been designed to support this. We make weekly deliveries to Hong Kong, and to Beaune in France for easy shipment to the US. A weekly collection service also operates in California. 

Who do I pay and how do I get paid?

All payments are to and from Liv-ex. When you sell, we pay you efficiently after the stock has been checked and invoiced. This makes it simple to buy and sell with the global fine wine market. 

I am a US retailer. Can I buy on Liv-ex?

Yes, but a company with an importer license will need to bring wine into the US on your behalf. Our US specialists are available to answer questions that you have on this in more detail. Feel free to request a call with them.   

Got another question about Liv-ex?

Logistics

How do I deliver wine that I’ve sold on Liv-ex?

You can deliver wine that you’ve sold to one of our three warehouses, which are located in Tilbury (UK), Bordeaux, and Belgium. Please book the delivery at least 48 hours in advance by contacting logistics@liv-ex.com. We will then confirm the booking slot. For SIB sales, you have up to 14 days to deliver, but the sooner you deliver, the sooner you will get paid. Click here for the settlement calendar. 

Liv-ex also offers a bi-monthly collection service directly from your warehouse. Please speak to your account manager to find out if you qualify for this service.  

For warehouse details. click here.

How do I deliver from the EU to the UK?

Please make a booking with the Liv-ex logistics team logistics@liv-ex.com. 

You also need to ensure that you ask your supplier or transporter (whoever is creating the customs documents) to contact logistics@liv-ex.comfor the clearance instructions applicable to the specific delivery.We will then provide instructions to ensure the goods get cleared correctly from the EU into the UK. 

When will I get paid?

Payments are made in line with the Liv-ex Settlement Calendar. You can find it here. 

When can I access my wine?

This depends on the contract type, and other information given. 

  • SIB purchases should be available at your default warehouse within 30 days of trade. 
  • Special contract purchases should be available at your default warehouse 14 days after the delivery lead time. For example, if a trade is ‘Special – 6 weeks delivery, you should expect this in 8 weeks. 

Your Account Summary tab via Liv-ex and the Vine system will also give you real-time updates as to the status of your purchases. 

How do I release my purchases?

You can release your purchases via Vine, the logistics portal, which can be accessed by logging into Liv-ex and clicking on ‘Logistics’. 

To find out more about the various options available for releasing wine from Liv-ex warehouses, click here.

I am based in Asia. How are my purchases delivered?

Liv-ex offers weekly temperature-controlled air freight to your desired address in Hong Kong. It is charged at a competitive per-case fee. Please enquire with your account manager.    

I am based in North America. How are my purchases delivered?

We operate monthly temperature-controlled deliveries to Beaune (France), which many of our clients find convenient for easy onward transportation to North America.  

What are your settlement and admin charges?

All trades are settled by Liv-ex using our logistics network. We offer competitive flat rate fees depending on your location to cover logistics and administrative costs. 

Please see our logistics pricing guide page for more information 

What is an SIB Passport?

The SIB Passport is a unique electronic certificate issued by Liv-ex to show that a case of wine is SIB compliant. Once issued, an SIB Passport is valid for three years while the wine remains in our warehouses. The passport enables faster processing when wine is bought or sold on Liv-ex. 

If a case of wine with a valid SIB Passport is sold on Liv-ex, the admin fee for creating the Passport is refunded. Any SIB Passport requested prior to arrival, via pre-advice, will receive three months’ free storage and is exempt from handling fees. 

To find out more, click here.

Got another question about Liv-ex?

Automation

What is automation?

Automation describes a series of business processes that can be handled automatically using technology called APIs. APIs (or Application Programming Interfaces) are technical tools that exchange information between systems.

They allow you to bring information from Liv-ex into your internal systems or onto your website, and allow you to send information and instructions to Liv-ex. 

Using this technology, you can automate processes from price discovery, through trading, payment and logistics. Our handy guide explains the opportunities available. 

What is an API?

APIs (or Application Programming Interfaces) are technical tools that exchange information between systems. They allow you to bring information from Liv-ex into your internal systems or onto your website, and allow you to send information and instructions to Liv-ex. 

Which processes can be automated?

Almost every interaction that you might have with Liv-ex can be automated, and brought inside your own system. This includes wine data, LWIN, buying, selling, accounts, and logistics. 

You can find a full outline of the opportunities available in our digital guide. 

If you are a software developer, you are welcome to explore our library of API documentation. 

Where should I start with automation?

The best place to start is to have a conversation with our team. We will be able to understand how automation can help you and your business, and begin to point you in the right direction. You are welcome to request a call with one of our automation experts using this form. Alternatively, speak to your Account Manager. 

On a technical level, start to familiarise yourself with LWIN (Liv-ex Wine Identification Number). These seven or 11-digit numbers are essential to making automation work in your system. You can find out more about LWIN here. 

Which software solutions integrate easily with Liv-ex APIs?

Most ERPs and other software used by wine merchants can be adapted to work with APIs. Several also have off-the-shelf integrations available. You can find information on our website. 

Can you recommend a developer for my wine business?

The Liv-ex Automation team has worked with developers around the world, who have helped merchants to get started with Liv-ex automation. 

We are happy to connect you with developers in our network, who are already familiar with Liv-ex tech, and can help to get you started. Feel free to contact us using this short form. 

I am a developer and I’d like to support clients with Liv-ex automation. Where should I start?

You can find information for developers on our website. We also suggest subscribing to our developer newsletter for updates and information. 

Our digital guide to automation explains how Liv-ex APIs can support wine businesses. 

You are also welcome to contact our team to express your interest and find out more. 

Which APIs are due to be retired soon?

Liv-ex offers a growing number of APIs. Occasionally, we need to retire legacy APIs to make room for innovation. To avoid any significant disruption, a deprecation policy is in place for services due to be retired.  

The API retirement schedule contains a full list, and dates, of APIs due to be retired. 

Are your services currently experiencing disruptions?

The performance of Liv-ex’s websites and applications can be monitored online via our uptime report page. 

Do you offer a sandbox environment?

Yes. It is available for developers to use free of charge. Contact us to request access. 

Got another question about Liv-ex?

Wine Matcher

Can I test or get a demo of Wine Matcher?

If you’re a member of the wine trade, you’re welcome to request a demo of Wine Matcher. We can show you the tool working in real-time, with an Excel-formatted wine list of your choice.  

You can also watch a 30-minute webinar replay, where we show you how to use Wine Matcher to find buying opportunities on lengthy wine lists. 

What file types can Wine Matcher process?

The data should be in Excel (XLSX, CSV, etc.) Wine Matcher can’t work with Word documents or PDFs. 

Got another question about Liv-ex?