WineFi: Q2 2025 Syndicate Performance

In this week’s newsletter:

• How WineFi’s syndicates have performed 📊

• How to join our latest opportunity 🚀

• Syndicate Sourcing Update 📈

WineFi: Syndicate Performance Update

Last Friday, we released our Q2 2025 Quarterly Reports for our existing syndicates to syndicate members.

WineFi’s objective is for our portfolios to outperform the wider wine market. To judge our comparative performance vs. the wider market, we benchmark all of our syndicates vs. the relevant indices.

“Alpha” measures the portfolio’s performance relative to these benchmarks, showing the excess return generated through active asset selection and management. 

In a market environment that has declined by over 10% in the 12 months to July 2025, our syndicates have thus far averaged a 7.97% average absolute return and 9.64% average alpha vs. the respective market benchmarks.

Our most recent syndicates (Burgundy II and The Icon Collection) are not included as they are not yet fully sourced.

Thinking about investing in a WineFi syndicate?

Our latest opportunity is presented in collaboration with Lay & Wheeler.

For over 170 years, Lay & Wheeler has worked with collectors to buy, store, sell and enjoy the world’s finest wines.

Now, WineFi and Lay & Wheeler are joining forces to introduce The Lay & Wheeler Collection: a data-driven, expertly-curated wine investment syndicate - now open for early access from just £3,000.

The deadline for early access (and reduced fees) is August 7th. As with all WineFi syndicates, each tranche is limited to 25 investors.

📘 Investment Overview

✍️ Apply to Invest

Valuation Methodologies

Fine wine valuations are estimates only, similar to residential property. The most widely used method of valuing a wine is a ‘list price’ or ‘market price’. This is the lowest visible offer to sell a case of the wine in question, and can be thought of as the cost of replacement. The following valuation methodologies, while useful, are often not available for a large number of wines. On the WineFi Platform, we use the lowest visible UK offer for the exact case and bottle size according to two third-party APIs (Liv-ex and Wine Searcher). In the absence of an exact listing, alternative formats and regions are used as a fallback -- prioritising the most similar offers.

A useful secondary valuation methodology is trade values. In practice, market participants frequently execute trades at prices that differ from public listings. By using our extensive transaction database to analyse the relationship between realised trade prices and current list prices, we adjust best list prices based on analysis of recent transactions for a given region and expected venue of a sale.

The final methodology worth including is the ‘mid-price’ approach, used in the construction of Liv-ex indices. This is derived from the midpoint of the bid-offer spread and is applicable primarily to the most actively traded wines in the market. While valuable, its use is limited to a subset of the market due to data availability constraints – especially with less commonly traded wines.

Beware: Less Reliable Valuation Methods

At WineFi, we’re committed to full transparency in the wine markets. It’s important that investors are aware of certain pricing methodologies we believe can present a distorted view of value. Some platforms use the “average list price” across multiple offers. This inflates the apparent market value, as higher outlier prices can skew the average.

In reality, most transactions occur closer to, or below the lowest listed price.  Others include wines with no observable secondary market activity. In such cases, quoted prices may simply reflect the original retail offer, not a tradable market value - making any valuation based on them speculative at best.

Syndicate Sourcing Update

Syndicate members can view their existing portfolio composition by clicking on their live sourcing update links from their onboarding email. Once the portfolios are fully sourced they will be bulk uploaded to the platform so performance can be tracked in real time.

Please reach out to us if you have any questions.

• The Icon Collection: 45%

• Burgundy II: 10%

Invite a Friend, Share the Rewards

Fine wine is best enjoyed with friends — and at WineFi, we believe investing in it should be too. Our referral scheme rewards you for introducing friends and family to WineFi.

As a referrer, you’ll receive a credit towards your next WineFi investment or a Lay & Wheeler gift card of equal value. Your referees will also receive a matching credit. There’s no limit to the number of people you can refer.

👉 Click here to view the full details