Acquires Cellar Watch from Liv-ex
Wine collectors will be able to manage their
cellars using scores and notes from the world’s most renowned wine critics,
alongside pricing data from Liv-ex, the global marketplace for the wine trade.
December 5, 2019, New York, NY – Vinous CEO and Founder Antonio Galloni announced today
the acquisition of the wine collection valuation service Cellar Watch from Liv-ex,
the global marketplace for wine. Vinous will take control of Cellar Watch from mid-January 2020. The new Cellar Watch will retain all the features
that make it an essential tool to thousands of wine consumers around the world.
Subscribers will continue to have
access to Liv-ex data and can look forward to a number of upgrades, including an
improved user interface and easier access to scores and notes from Vinous.
“Our vision at Vinous has long been to provide wine lovers
with best in class tools and resources to help them get the most out of wine,”
said Galloni. “Now consumers can make informed wine decisions with the help of
Vinous’ all-star team of critics and track the valuation of their wine
collection with Cellar Watch. Through
our suite of products, Vinous has taken a leadership position in wine
information, with the goal of meeting the diverse needs of wine consumers at
“We are delighted that
Vinous, under Antonio Galloni, will be taking ownership of Cellar Watch,” added
James Miles, Liv-ex Managing Director and Chairperson. “With independence at
its core, Vinous has gathered a team of world class critics around
its market leading technology. To this it now adds price data from Liv-ex. We are very excited to see how Vinous,
with so much expertise in this area, builds on the successes of Cellar Watch to
create an even better service for collectors.”
Cellar Watch is the latest acquisition
by Vinous, the influential wine media company that acquired the apps Delectable
and Banquet in 2016 and the International Wine Cellar publication in
2014. Widely regarded as the leading source for critical wine information,
Vinous has a library of over 300,000 tasting notes. Delectable, a free app, has
over 10 million user reviews and ratings by its active community.
Vinous is an
independent wine media company founded by wine critic Antonio Galloni in 2013.
Vinous acquired International Wine Cellar in 2014 and expanded its
editorial team to include several of the most recognizable names in wine
criticism, including Stephen Tanzer, Neal Martin, Ian D’Agata, David Schildknecht
and Josh Raynolds. With over 300,000 professional tasting notes, Vinous is the
go-to resource for wine collectors and industry professionals alike.
acquisition of Delectable in 2016, Vinous became the only company in wine to
offer both professional reviews and the perspectives of hundreds of thousands
of wine consumers who share their tasting notes on the popular app that is
rated 4.7 on the App Store with over 15,000 ratings. Under Galloni’s leadership,
Vinous is creating the reference point maps for the vineyards of California in
collaboration with renowned cartographer Alessandro Masnaghetti.
About Cellar Watch
Cellar Watch has been providing
collectors with accurate, independent valuation data since 2004. It was the
first service to bring transparency to the market by giving collectors access
to independent, transaction-based data. Cellar Watch is a popular tool for
collectors wishing to have an accurate, up to the minute valuation of their
cellars, whether as a hobby, for insurance needs or to help them manage their
Liv-ex is the global marketplace exclusively
for the wine trade with over 470 merchant members worldwide. Founded in 2000, Liv-ex
helps members to price, source and sell wine more efficiently through its
trading and data services. Liv-ex offers the most comprehensive database
of fine wine price data worldwide, with over 644 million current and historic
price points. It is the only source of standardized data covering both merchant
transactions and list prices. Liv-ex indices use this transactional data
to track the price movements of the most heavily traded fine wines.
The Liv-ex Fine Wine 100 index – composed of wines from eight
different regions – is recognized as the industry benchmark and is quoted by
Bloomberg and Reuters.