All eyes may be on gold, copper and other commodities - as well as booming equities - but one particularly liquid asset is being missed by many, according to the London International Vintners Exchange (Liv-ex).
A rating of the 2005 Bordeaux vintage just published by Liv-ex suggests top wines could achieve record prices on the basis of vintage scores provided by wine merchants in its “Bordeaux 2005” survey. This could push prices up more than 77%, the findings and other market data suggest, Liv-ex states. The merchants cited in the study are engaged in buying and selling wines through Liv-ex’s global trading platform. Liv-ex as an electronic market place accounts for some 80% of UK trade by turnover. The Liv-ex 100 index - a basket of fine wine prices 73% weighted to Bordeaux product that ...
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