Liv-ex publishes two indices, based on the prices of 100 and 500 wines, respectively. The prices that are used to compute the index are wines in bond in London, priced in Pound sterling. Both indices are hugely dominated by red Bordeaux wine. In their construction these indices are similar to a stock market index. The composition of the index is regularly updated as wines are added and removed from the index, and their index weight revised.
Liv-ex 100 Fine Wine Index
The Liv-ex 100 Fine Wine Index is the most widely used Liv-ex price index. As of November 2008, the index was composed to 94.62% of red Bordeaux, to 2.96% of Champagne (vintage préstige Champagne in the form of Cristal, Krug and Dom Pérignon), to 1.02% of red Burgundy wine (three vintages of mixed Domaine de la Romanée-Conti wines), to 0.85% of white Bordeaux (two vintages of Château d'Yquem) and to 0.55% of red Italian wine (two vintages of Ornellaia). The 88 red Bordeaux wines in the index represented vintages from 1983 to 2005, 12 wines from the 1980s, 32 from the 1990s, and 44 from the 2000s. 39 of these wines were different vintages of the five First Growth reds of the Bordeaux Wine Official Classification of 1855.