Alti Fine Wine Indexes

Given the rising reputation of fine wine as a profitable long-term investment asset, there is a growing focus on the measure of the wine price performance. By having trading prices at our platform, we are working to satisfy this demand on different fronts.

Calculating the market performance of fine wines

There is no universally accepted method for calculating an index. We therefore decided to develop our own index using equal weight. This means that we assume investing same amount of money in every wine listed on the exchange. The main reason for this choice is that both the volatility and the beta of fine wine are understated on existing wine index data. With an equal weight index, no trades in one specific wine will affect the index.

Alti Wine Exchange also runs several country fine wine indexes based on the market price average of the wines integrating the indexes, with the goal of benchmarking a representative basket of fine wines in a specific country, but underestimating risk on the wine market.

Our exchange is based on real trades of the listed wines, making it more robust and reliable and allowing you to track your fine wine portfolio on our platform. The diversification of fine wine in this index is more limited, but the diversification potential is also more limited than believed in the industry. The goal is to allow you to compare your wine investment with the wine index and with other types of assets.

Our fine wine market indexes

METHODOLOGY

Alti Wine Exchange (MWE) Indexes are a family of equal weighted indexes which trace price performance of fine and rare wines and shows equal weighted average returns on them. The indexes are subdivided by most important wine countries.

Monthly average wine prices in US dollars were collected from https://www.wine-searcher.com/ database and converted to euro.

The main features of an equal weighted index include:

  • Cumulatives of the arithmetic average of the percentage changes in price for all wines in index
  • Equivalent to investing the same € amount in each wine
  • Price performance of all wines regardless of the price is equally important

INDEX COMPUTATION EXAMPLE

If Index was 100 on month 0, it would also be 104,4 on month 1: I 0 (1 + %D) = I 1

Wine Price 0, € Price 0, € € % change
A 100 110 10%
B 200 210 5%
C 300 295 -1,67%
Sum: 13,33%
Divided by 3 4.4%

INDEX COMPUTATION EXAMPLE

Alti Wine Exchange (AWE) Indexes cover fine and rare wines from Europe, the Americas, Africa and Australia:

  1. Alti Argentinian Wine Index (includes one wine from Uruguay)
  2. Alti Australian Wine Index (includes one wine from New Zealand)
  3. Alti Californian Wine Index
  4. Alti Chilean Wine Index
  5. Alti French Wine Index
  6. Alti German Wine Index
  7. Alti Italian Wine Index
  8. Alti Portuguese Wine Index
  9. Alti South African Wine Index
  10. Alti Spanish Wine Index

HISTORICAL AWE INDEXES PERFORMANCE FROM JUNE 2016 TO DECEMBER 2022

ALTI ARGENTINIAN WINE INDEX

Alti Argentinian Wine Index tracks monthly average prices of 10 wines from Argentina and Uruguay.

The list of constituents includes:

  • 2012 Vina Cobos ‘Cobos’ Marchiori Vineyard Malbec, Perdriel, Argentina
  • 2013 Achaval Ferrer Temporis Malbec, Mendoza, Argentina
  • 2008 Luigi Bosca Icono, Las Compuertas, Argentina
  • 2013 Bodega Noemia de Patagonia Malbec, Rio Negro, Argentina
  • 2008 Catena Zapata Adrianna Vineyard Malbec, Gualtallary, Argentina
  • 2009 Luca Nico Malbec, La Consulta, Argentina
  • 2008 Bodega Chacra ‘Treinta y Dos 32’ Pinot Noir, Rio Negro, Argentina
  • 2010 Bodega Aleanna ‘Gran Enemigo’ Gualtallary Single Vineyard Cabernet Franc, Tupungato, Argentina
  • 2012 Familia Zuccardi ‘Finca Canal Uco’, Altamira, Argentina
  • 2011 Pizzorno Family Estates Primo Red, Canelones, Uruguay

ALTI CHILEAN WINE INDEX

Alti Chilean Wine Index tracks monthly average prices of 10 wines from Chile.

The list of constituents includes:

  • 2013 Vinedo Chadwick, Maipo Valley, Chile
  • 2010 Vina Almaviva, Puente Alto, Chile
  • 2010 Concha y Toro Carmin de Peumo Carmenere, Rapel Valley, Chile
  • 2013 Errazuriz Kai Carmenere, Aconcagua Valley, Chile
  • 2010 Concha y Toro ‘Gravas del Maipo’ Syrah, Maipo Valley, Chile
  • 2013 Sena, Aconcagua Valley, Chile
  • 2003 Casa Silva Altura, Colchagua Valley, Chile
  • 2012 Concha y Toro Don Melchor Cabernet Sauvignon, Puente Alto, Chile
  • 2012 Casa Lapostolle Clos Apalta, Apalta, Chile
  • 2012 Montes Alpha M, Apalta, Chile

ALTI FRENCH WINE INDEX

Alti French Wine Index tracks monthly average prices of 50 wines from France.

Constituents of Alti French Wine Index cover key French regions:

  • 30 wines from Bordeaux

  • 10 wines from Burgundy

  • 10 wines from Rhone and Champagne

Bordeaux

  • 2005 Petrus, Pomerol, France

  • 1982 Petrus, Pomerol, France

  • 2009 Le Pin, Pomerol, France

  • 1990 Le Pin, Pomerol, France

  • 2010 Chateau Lafite Rothschild, Pauillac, France

  • 1982 Chateau Lafite Rothschild, Pauillac, France

  • 2005 Chateau Lafleur, Pomerol, France

  • 2010 Chateau Ausone, Saint-Emilion Grand Cru, France

  • 2009 Chateau Latour, Pauillac, France

  • 2010 Chateau Cheval Blanc, Saint-Emilion Grand Cru, France

  • 2010 Chateau Haut-Brion, Pessac-Leognan, France

  • 2009 Chateau Margaux, Margaux, France

  • 2010 Chateau La Mission Haut-Brion, Pessac-Leognan, France

  • 2009 Chateau Mouton Rothschild, Pauillac, France

  • 2009 Chateau d’Yquem, Sauternes, France

  • 2009 Chateau L’Eglise-Clinet, Pomerol, France

  • 2009 Chateau Trotanoy, Pomerol, France

  • 2009 Chateau L’Evangile, Pomerol, France

  • 2010 La Mondotte, Saint-Emilion Grand Cru, France

  • 2000 Chateau Pavie, Saint-Emilion Grand Cru, France

  • 2009 Chateau de Valandraud, Saint-Emilion Grand Cru, France

  • 2009 Chateau Montrose, Saint-Estephe, France

  • 2009 Chateau Bellevue-Mondotte, Saint-Emilion Grand Cru, France

  • 2010 Chateau Ducru-Beaucaillou, Saint-Julien, France

  • 2009 Chateau Angelus, Saint-Emilion Grand Cru, France

  • 2000 Chateau Magrez Fombrauge, Saint-Emilion Grand Cru, France

  • 2010 Chateau Palmer, Margaux, France

  • 2009 Duffau-Lagarrosse Chateau Beausejour, Saint-Emilion Grand Cru, France

  • 2010 Chateau Lynch-Bages, Pauillac, France

  • 2010 Chateau Pontet-Canet, Pauillac, France

Burgundy

  • 2010 Domaine de la Romanee-Conti Romanee-Conti Grand Cru, Cote de Nuits, France

  • 2012 Domaine de la Romanee-Conti La Tache Grand Cru Monopole, Cote de Nuits, France

  • 2005 Domaine Georges & Christophe Roumier Les Amoureuses, Chambolle-Musigny Premier Cru, France

  • 2009 Domaine Jean Grivot Richebourg Grand Cru, Cote de Nuits, France

  • 2008 Domaine Ramonet Montrachet Grand Cru, Cote de Beaune, France

  • 2010 Meo-Camuzet Richebourg Grand Cru, Cote de Nuits, France

  • 2014 Olivier Leflaive Montrachet Grand Cru, Cote de Beaune, France

  • 2010 Bouchard Pere & Fils Montrachet Grand Cru, Cote de Beaune, France

  • 2015 Domaine Armand Rousseau Pere et Fils Chambertin Grand Cru, Cote de Nuits, France

  • 2014 Domaine Leflaive Chevalier-Montrachet Grand Cru, Cote de Beaune, France

Rhone and Champagne

  • 2009 Domaine Jean-Louis Chave Ermitage ‘Cuvee Cathelin’, Rhone, France

  • 2007 Chateau de Beaucastel Chateauneuf-du-Pape Grand Cuvee Hommage a Jacques Perrin, Rhone, France

  • 2010 M. Chapoutier Ermitage l’Ermite, Rhone, France

  • 2003 E. Guigal Cote Rotie La Landonne, Rhone, France

  • 2010 Michel & Stephane Ogier Cote Rotie La Belle Helene, Rhone, France

  • 2010 Clos des Papes Chateauneuf-du-Pape, Rhone, France

  • 2006 Dom Perignon Brut, Champagne, France

  • 2002 Krug Brut, Champagne, France

  • 2007 Louis Roederer Cristal Brut Millesime, Champagne, France

  • 2002 Salon Cuvee ‘S’ Le Mesnil Blanc de Blancs, Champagne, France

ALTI ITALIAN WINE INDEX

Alti Italian Wine Index tracks monthly average prices of 20 wines from Italy (Abruzzi, Campania, Piedmont, Tuscany and Veneto).

The list of constituents includes:

  • 2013 Vinedo Chadwick, Maipo Valley, Chile
  • 1977 Emidio Pepe Montepulciano d’Abruzzo, Italy
  • 2010 Quintodecimo ‘Vigna Quintodecimo’ Riserva, Taurasi DOCG, Italy
  • 2005 Poderi Aldo Conterno Granbussia, Barolo Riserva DOCG, Italy
  • 2004 Giacomo Conterno Monfortino, Barolo Riserva DOCG, Italy
  • 2007 Roberto Voerzio Barolo Sarmassa, Barolo DOCG, Italy
  • 2010 Gaja Sori San Lorenzo Langhe-Barbaresco, Piedmont, Italy
  • 2006 Giuseppe Mascarello e Figlio Monprivato Ca d’Morissio, Barolo Riserve DOCG, Italy
  • 2007 Falletto di Bruno Giacosa ‘Falletto’, Barolo DOCG, Italy
  • 2007 La Spinetta Vursu Vigneto Campe, Barolo DOCG, Italy
  • 2006 Bibi Graetz Testamatta Colore Toscana IGT, Tuscany, Italy
  • 2013 Masseto Toscana IGT, Tuscany, Italy
  • 2006 Biondi Santi Tenuta Greppo Riserva, Brunello di Montalcino DOCG, Italy
  • 2010 Ornellaia Bolgheri Superiore, Tuscany, Italy
  • 2010 Fattoria Poggio di Sotto Brunello di Montalcino Riserva DOCG, Tuscany, Italy
  • 2013 Tua Rita Redigaffi Toscana IGT, Tuscany, Italy
  • 2010 Casanova di Neri Cerretalto, Brunello di Montalcino DOCG, Italy
  • 2010 Marchesi Antinori Solaia Toscana IGT, Tuscany, Italy
  • 2003 Zyme Harlequin Veneto IGT, Italy
  • 2001 Dal Forno Romano Vigneto Monte Lodoletta, Amarone della Valpolicella DOCG, Italy

ALTI AUSTRALIAN WINE INDEX

Alti Australian Wine Index tracks monthly average prices of 10 wines from Australia and New Zealand.

The list of constituents includes:

  • 2012 Penfolds Bin 707 Cabernet Sauvignon, South Australia
  • 2006 Henschke Hill of Grace Shiraz, Eden Valley, Australia
  • 2006 Torbreck The Laird, Barossa Valley, Australia
  • 2004 Greenock Creek Vineyards & Cellars Roennfeldt Road Shiraz, Barossa Valley, Australia
  • 2009 Hundred Acre ‘Ancient Way Vineyard’ Summer’s Block Shiraz, Barossa Valley, Australia
  • 2012 Clarendon Hills Astralis Shiraz, McLaren Vale, Australia
  • 2007 Wild Duck Creek Estate Duck Muck Shiraz, Heathcote, Australia
  • 2010 Jim Barry The Armagh Shiraz, Clare Valley, Australia
  • 2004 Kilikanoon Attunga 1865 Shiraz, Clare Valley, Australia
  • 2000 Stonyridge Vineyard Larose, Waiheke Island, New Zealand

ALTI CALIFORNIAN WINE INDEX

Alti Californian Wine Index tracks monthly average prices of 20 wines from California, US.

The list of constituents includes:

  • 2013 Harlan Estate, Napa Valley, USA
  • 2012 Screaming Eagle Cabernet Sauvignon, Napa Valley, USA
  • 2006 Hundred Acre ‘Fortification’ Port, Napa Valley, USA
  • 2010 Bond Estates Melbury Red, Napa Valley, USA
  • 2012 Kapcsandy Family Winery State Lane Vineyard Grand-Vin Cabernet Sauvignon, Napa Valley, USA
  • 2002 Colgin Cellars Tychson Hill Vineyard Cabernet Sauvignon, Napa Valley, USA
  • 2012 Bryant Family Vineyard Cabernet Sauvignon, Napa Valley, USA
  • 2010 Paul Hobbs Beckstoffer To Kalon Vineyard Cabernet Sauvignon, Oakville, USA
  • 2013 Schrader Cellars Beckstoffer Las Piedras Vineyard Colesworthy Cabernet Sauvignon, Napa Valley, USA
  • 2012 Dana Estates Hershey Vineyard Cabernet Sauvignon, Howell Mountain, USA
  • 2008 Cardinale Estate Red, Napa Valley, USA
  • 2009 Abreu Vineyard Madrona Ranch Cabernet Sauvignon, Napa Valley, USA
  • 2012 Sloan Proprietary Red, Rutherford, USA
  • 2010 Levy & McClellan Cabernet Sauvignon, Napa Valley, USA
  • 2012 Odette Estate Reserve Cabernet Sauvignon, Stags Leap District, USA
  • 2007 Verite La Muse, Sonoma County, USA
  • 2012 Peter Michael ‘Point Rouge’ Chardonnay, Sonoma County, USA
  • 2013 Boars’ View ‘The Coast’ Pinot Noir, Sonoma Coast, USA
  • 2003 Sine Qua Non ‘The Inaugural’ Eleven Confessions Vineyard Grenache, Sta Rita Hills, USA

ALTI GERMAN WINE INDEX

Alti German Wine Index tracks monthly average prices of 10 wines from Germany.

The list of constituents includes:

  • 2001 Fritz Haag Brauneberger Juffer Sonnenuhr Riesling Trockenbeerenauslese Goldkapsel, Mosel, Germany
  • 2006 Dr. Loosen Erdener Pralat Riesling Trockenbeerenauslese, Mosel, Germany
  • 2012 Egon Muller Scharzhofberger Riesling Auslese, Mosel, Germany
  • 2009 Schafer-Frohlich Bockenauer Felseneck Riesling Beerenauslese, Nahe, Germany
  • 2015 Schloss Johannisberg Goldlack Riesling Trockenbeerenauslese, Rheingau, Germany
  • 2007 August Kesseler Rudesheimer Berg Schlossberg Riesling Trockenbeerenauslese, Rheingau, Germany
  • 2005 Weingut Robert Weil Kiedricher Grafenberg Riesling Trockenbeerenauslese, Rheingau, Germany
  • 1994 Weingut Kunstler Hochheimer Holle Riesling Trockenbeerenauslese Goldkapsel, Rheingau, Germany
  • 2004 Gunderloch Nackenheimer Rothenberg Riesling Trockenbeerenauslese, Rheinhessen, Germany
  • 2014 Castell Casteller Schlossberg Riesling Trockenbeerenauslese, Franken, Germany

ALTI PORTUGUESE WINE INDEX

Alti Portuguese Wine Index tracks monthly average prices of 20 wines from Portugal (Alentejo, Douro and Madeira).

The list of constituents includes:

  • 2004 Casa Ferreirinha Barca Velha, Douro, Portugal
  • 2011 Cartuxa Pera Manca Tinto, Alentejo, Portugal
  • 2011 Herdade do Mouchao Tonel 3-4, Alentejo, Portugal
  • 2011 Quinta do Crasto Vinha Maria Teresa, Douro, Portugal
  • 2011 P+S Prats & Symington Chryseia, Douro, Portugal
  • 2011 Quinta do Vale D. Dona Maria ‘Vinha do Rio’, Douro, Portugal
  • 2004 Quinta do Vale Meao Tinto, Douro, Portugal
  • 2012 Quinta do Vallado Adelaide, Douro, Portugal
  • 2013 Alves de Sousa ‘Abandonado’ Tinto, Douro, Portugal
  • 2011 Quinta Nova de Nossa Senhora do Carmo ‘Mirabilis’ Grande Reserva Tinto, Douro, Portugal
  • 2004 Niepoort Batuta Tinto, Douro, Portugal
  • 2011 Sogrape Vinhos ‘Legado’ Fernando Guedes, Douro, Portugal
  • 2000 Quinta do Noval Nacional Vintage Port, Portugal
  • 1966 Taylor Fladgate Very Old Single Harvest Port, Portugal
  • 1952 Kopke Colheita Port, Portugal
  • 1908 D’Oliveiras Bual Vintage Madeira, Portugal
  • 1875 Barbeito Malvasia, Madeira, Portugal
  • 1973 Blandy’s Vintage Verdelho, Madeira, Portugal
  • W & J Graham’s 90 Year Old Tawny Port, Portugal
  • 1972 W & J Graham’s Single Harvest Tawny Port, Portugal

ALTI SOUTH AFRICAN WINE INDEX

Alti South Africa Wine Index tracks monthly average prices of 10 wines from South Africa.

The list of constituents includes:

  • 2012 4G Wines L’Aube de la Vigne, Western Cape, South Africa
  • 2013 Kanonkop Black Label Pinotage, Stellenbosch, South Africa
  • 2014 The Sadie Family Die Ouwingerdreeks ‘Mev. Kirsten’ Chenin Blanc, Stellenbosch, South Africa
  • 2008 Hartenberg Gravel Hill Shiraz, Stellenbosch, South Africa
  • 2010 Mullineux ‘Granite’ Syrah, Swartland, South Africa
  • 2013 Rust en Vrede 1694 Classification Red, Stellenbosch, South Africa
  • 2007 Klein Constantia Vin de Constance Natural Sweet Wine, Constantia, South Africa
  • 2013 Porseleinberg Red, Swartland, South Africa
  • 2013 Raats MR Mvemve Raats de Compostella, Stellenbosch, South Africa
  • 2014 Alheit Bush Vines Single Vineyard ‘Radio Lazarus’, Stellenbosch, South Africa

ALTI SPANISH WINE INDEX

Alti Spanish Wine Index tracks monthly average prices of 20 wines from Spain.

The list of constituents includes:

  • 2011 Teso La Monja, Toro, Spain
  • 2009 Dominio de Pingus ‘Pingus’, Ribera del Duero, Spain
  • 2014 Descendientes de J. Palacios La Faraona, Bierzo, Spain
  • 2014 Alvaro Palacios L’Ermita Velles Vinyes, Priorat DOCa, Spain
  • 1986 Vega Sicilia Unico Gran Reserva, Ribera del Duero, Spain
  • 2006 Bodegas Hermanos Sastre ‘Vina Sastre’ Pesus, Ribera del Duero, Spain
  • 2005 Bodegas Contador – Benjamin Romeo ‘Contador’, Rioja DOCa, Spain
  • 2001 Senorio de Villarrica Seleccion Familiar, Rioja DOCa, Spain
  • 2010 Clos i Terrasses Clos Erasmus, Priorat DOCa, Spain
  • 2012 Artadi Vina El Pison, Rioja DOCa, Spain
  • 2006 Tinto Figuero Tinus, Ribera del Duero, Spain
  • 2005 Bodegas Hermanos Perez Pascuas Vina Pedrosa Gran Reserva, Ribera del Duero, Spain
  • 2011 Terroir Al Limit Soc. Lda. Les Tosses, Priorat DOCa, Spain
  • 2005 Bodegas Roda Cirsion, Rioja DOCa, Spain
  • 2009 Bodegas Arzuaga Navarro ‘Gran Arzuaga’, Ribera del Duero, Spain
  • 2009 Bodegas Emilio Moro ‘Clon de la Familia’, Ribera del Duero, Spain
  • 2007 Anima Negra Son Vi Negre de la Terra de Mallorca, Spain
  • 2012 Bodegas Alto Moncayo ‘Aquilon’ Garnacha, Campo de Borja, Spain
  • 2012 Сompania de Vinos Telmo Rodriguez Las Beatas, Rioja DOCa, Spain
  • 2004 Bodegas Muga Aro, Rioja DOCa, Spain