So far this year, 1,800 different wines (LWIN 7) have traded on Liv-ex. When vintage is also considered part of the wine’s identity (LWIN 11), this number rises to 4,650.
As the chart above shows, this represents a significant increase over the past decade. Historically, a small group of wines dominated the market. Back in 2010, Bordeaux accounted for over 95% of the total value traded. In some weeks, the First Growths alone represented more than half of market activity.
This is no longer the case. As we pointed out in January, the fine wine market is broadening. Even wines from England and China have traded on Liv-ex, and Bordeaux’s market share sits at a much lower 69% year to date. With a greater number of wines trading this year than last, it is clear that the trend towards a more diverse market is continuing.
What is LWIN?
LWIN – the Liv-ex Wine Identification Number – is a unique identifier for the fine wine trade. Just like ISBNs in publishing, LWIN standardises the way that fine wines are named. This makes it easier to exchange information between computer systems.
An LWIN 7 is a 7-digit code representing a wine. For example, Lafite Rothschild is 1011872.
An LWIN 11 is an 11-digit code representing a wine and vintage. Lafite Rothschild 2010 is 10118722010.
Below is a short video explaining LWIN – Liv-ex wine identification number. For more information, please click here.