- Published on Friday, 23 January 2009 15:43
- Written by Graham Holter
Liv-ex - the fine wine exchange - is launching what it describes as the world's first weekly fine wine price index.
The Liv-ex Claret Chip Index will provide traders, merchants, collectors and investors with a price benchmark for 31 first growth wines from Bordeaux every Monday morning.
Director James Miles said: "We are often asked where we think the Liv-ex 100 Fine Wine Index will be at the end of each month, so we decided to publish our Liv-ex Claret Chip Index on a weekly basis.
"The 31 wines account for 57% of the Liv-ex 100 Fine Wine Index by weighting, so it provides a strong guide to future performance."