If you are lucky enough to own a wine cellar, you might want Liv-ex to value it. Founded in 1999 by former stockbrokers James Miles and Justin Gibbs, the London International Vintage Exchange operates a business-to-business electronic wine-trading platform. The company charges a commission on each transaction, and says most of its trades involve French wines such as Bordeaux and Champagne, with a value of more than £8,000 per transaction. With some 260 merchants in 22 countries and demand from China driving up prices, sales have grown 76% a year from £5m in 2005 to £27.1m in 2008.
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