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Liv-ex celebrates a decade of development
Liv-ex celebrated its tenth birthday this week and memories were cast back to its first-ever transactions.
Exactly ten years ago on Monday, 19 July, the fledgling fine wine platform completed its first sale of five cases of Gruaud Larose 1982 at £920 a case.
That particular estate has appreciated 171% over the years and now trades at £2,500.
At the start Liv-ex boasted 12 members. Today it has 308 in 26 countries around the world.
In a celebratory fit of number crunching, Liv-ex has calculated that in the last 10 years the price of the Bordeaux first growths has risen 276%.
This means that Liv-ex and fine wine has outperformed gold, the FTSE 100, S&P 500 and the Nikkei 225.
Only gold has seen price increases approaching anywhere near those of fine wine with an increase of 194%. The Nikkei 225 by contrast has performed the worst with a -46% slump over 10 years.
Rupert Millar, 22.07.2010