Liv-ex valuations

Château d'Yquem

In the light of the comments about methods of valuation on my post about the valuing of the Nobles Crus wine fund (here), I'm linking to a recent post on the Liv-ex blog:   

 

'Why Liv-ex data is the industry standard

Liv-ex is the official valuer for a number of leading wine funds.  We perform this duty for up to ten different companies every month. But why is Liv-ex data trusted by wine funds and their administrators to perform this task? We thought we would use today’s blog to answer some commonly asked questions and explain exactly what makes Liv-ex data unique and particularly well suited for the accurate valuation of fine wine.'

Update on Nobles Crus Wine Fund:  

From City Wire (22nd October 2012):

 'Elite Advisers, who manage the €114 million (£93 million) fund, has called in auditors Ernst & Young after questions about the fund’s value and methodology.

So far Ernst & Young has supported the fund’s valuation process, which was signed off by the fund’s auditors Deloitte in April. However, Elite Advisers says it has been considering valuing the portfolio using a more straightforward process with a wider range of data since January.'

It is clear that an agreed way of valuing wine investment funds and other wine investments is needed – providing a valuation that is robust and idependent.