abstract:London International Vintners Exchange (Liv-ex) is an exchange for investment-grade wine based in London.Liv-ex: About Liv-Ex, accessed 12 December 2008 Liv-ex, which was founded in 1999, provides a marketplace where wine merchants are able to trade wine, and also publishes two wine price indices based on these transactions which are widely used to gauge general price developments for the "fine wine" market in general.