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Liz McMillan

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Wine: News Item

Fine Wine Online Trading Portal Launched

Richard Dawes Fine Wine's registered private customers will be able to buy and sell fine wines

Wine Blog on Ulitzer

Richard Dawes Fine Wine , wholesale wine trader, is embarking on an exciting alliance with Liv-ex, the leading exchange for fine wine. They are launching a pioneering way of trading in fine wines, by offering private customers free registration and the opportunity to trade the Liv-ex 100 (Fine Wine Index) wines through the new online trading portal at http://www.rdfinewine.com/trading.

To date, only merchants and professional traders have had access to the exchange. Now for the first time ever, Richard Dawes Fine Wine's registered private customers will be able to buy and sell fine wines at these prices, creating unprecedented and unrivalled transparency in the industry. Richard Dawes Fine Wine will take a flat-fee commission of 10% for this innovative service.

"This is a very forward thinking and transparent way to trade fine wine. Richard Dawes Fine Wine's exciting initiative provides consumers direct and unprecedented access to the international fine wine market and has our full support." - James Miles , Director Liv-ex

"I'm thrilled that Richard Dawes Fine Wine's customers worldwide will benefit from this unrivalled and unique way of trading fine wine" - Ben Dawes , Director Richard Dawes Fine Wine Ltd

The Liv-ex 100 Fine Wine Index represents the price movement of the 100 most sought-after fine wines. It is the fine wine industry's leading benchmark. Liv-ex membership is restricted to wine professionals only and at present Richard Dawes Fine Wine is the only merchant to offer such a service.

Richard Dawes Fine Wine was founded in 2008 to provide customers with an accessible route to purchasing fine wine. Its commitment to providing individuals with impartial, honest and knowledgeable advice has led to this pioneering alliance.

The collaboration of Richard Dawes Fine Wine and Liv-ex will transform the fine wine industry, allowing private individuals to access merchant prices at a flat rate commission of 10% on transaction price. Richard Dawes Fine Wine will be running a live trading page linked to Liv-ex, offering up to date information on all live bids and offers. Customers will have the opportunity to buy and sell brands such as Lafite Rothschild, Mouton Rothschild, Latour, Margaux, Haut Brion and Petrus at the most transparent prices available in the market.

Fine wine is known to be one of the most flexible, tax efficient and profitable forms of investment, with a history that can be traced back for over 300 years. In general it is free of Capital Gains and Income Tax (for private individuals) and for Inheritance Tax purposes it is treated as a Chattel. This first of a kind relationship between Liv-ex and a merchant comes as more and more people consider wine as a serious financial investment amid the current turmoil in the world's financial markets.

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