Bordeaux Index: 'World’s first live wine trading index launched'

The launch of this facility should bring further price transparency to the fine wine market. You will need to register to see the index and the live trades.

'Press Release: London, 7th June 2010 –155 years after Napoleon III* began officially ranking Bordeaux wines, leading wine merchants Bordeaux Index are delighted to launch a real time index. In addition, clients will also be able to view individual price graphs for all of the wines traded with data going back to 1st Jan 2008.  

The eponymous ‘The Bordeaux Index’ http://www.bordeauxindex.com/livetrade_home.php#index  – tracks live changes in the prices of 80-100 of the most liquidly traded wines on the LiveTrade market making screen. LiveTrade was launched in May 2009 and is the market’s only true 2-way price provider.  This platform provides one of the largest turnovers of fine wine in the world.  

“Rather than pricing monthly, our technology facilitates dynamic, daily updates and will allow users to monitor the market at their convenience,” says Bordeaux Index founder Gary Boom. “It’s the most transparent, accurate and simple way of gauging the market performance of Bordeaux….For the first time, investors will no longer need to base their decisions upon monthly market movements,” says Mr Boom. “Just as importantly, it does not require a statistics degree for interpretation.”  

The launch of ‘The Bordeaux Index’ is the culmination of much hard work and planning, says Mr Boom. “We want to provide the best and most up-to-date information for our customers and are extremely proud to be leading such an innovative initiative within the industry.” As with LiveTrade you just simply need to log in or register in order to use ‘The Bordeaux Index’ function.'

* I'm afraid it is a myth that Napoleon III played any part in the 1855 Classification.  

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Bordeaux Wine Trading Company and International Wine Commodities: trial postponed

The trial at St Albans Crown Court of the directors of these two companies has been postponed until 11th October to allow the prosecution to add Templar Vinters Ltd to the proceeding.

Wine Traders International Ltd – message from RSM Tenon

Message from RSM Tenon: 

'Wine Traders International Limited has been wound up in the High Court of Justice no. 001873 of 2010 on 5 May 2010 by the Secretary of State for Trade and Industry in the public interest.

The Official Receiver, 21 Bloomsbury Street, London, WC1B 3SS is dealing with the matter following the winding up order on 5 May 2010.

Mr Stanley Coltman and Mr Alexander Kinninmonth of RSM Tenon (www.rsmtenon.com) have been nominated by creditors (investors) to act as liquidators and they have agreed to investigate this matter and deal with the ownership of the wines and realisation of the assets and distribution of future dividends to creditors.  They would like to hear from any creditors (investors) who are involved in this matter and  you are invited to contact Mark Hendrick, Associate Director at RSM Tenon on 020 7448 8115 or Robert Beat, Director at RSM Tenon on 020 7448 8111 and they will be happy to assist you in this matter.'

*

If  there are other companies who have been contacted by investors with Wine Traders International Ltd and who may also be looking to be appointed as liquidator by the official receiver I would be happy to post a similar message to the one above.