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London International Vintners Exchange : ウィキペディア英語版
London International Vintners Exchange
London International Vintners Exchange (Liv-ex) is an exchange for investment-grade wine based in London.〔(Liv-ex: About Liv-Ex ), accessed 12 December 2008〕 Liv-ex, which was founded in 1999, provides a marketplace where wine merchants are able to trade wine, and also publishes two wine price indices based on these transactions which are widely used to gauge general price developments for the "fine wine" market in general.
== Trading on Liv-ex ==
The wines typically traded on Liv-ex are collectible or investment grade "fine wine" that have a significant trading volume on the second-hand market, and these wines are traded by the case. This largely means a number of high-end French wines of highly rated vintages, mainly recent vintages and vintages in early maturity. In difference from wine auctions, private collectors can not trade directly on Liv-ex, and older vintages or otherwise very rare collectible wines are not traded.
In 2010, trading on Liv-ex received attention and some criticism for allowing actors to short sell ''en primeur'' Bordeaux wines before they had been released by the producers and given an initial ex-château price. Château Lafite-Rothschild 2009 was the first wine where such trades were made. Liv-ex defended the practice by mentioning that this type of trade is standard on other asset markets.

抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)
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