This research will be available through brokers of AWX Wine Class Shares, including E*Trade Australia, Commonwealth Securities, Salomon Smith Barney and Cameron Stockbrokers.
Langton's and the AWX will also work together to develop options to sell wine that has de-listed from the Newcastle Stock Exchange, including live auction, silent bid and Internet-based exchange services.
CEO and founder of AWX, Stephen Thompson said, "Andrew Caillard, MW from Langton's Fine Wine Auctions is a leading independent authority on Australian premium wine - especially from a secondary market perspective. He is the ideal person to provide third-party wine research for potential buyers of wine securities."
"Our agreement with Langton's will ensure that potential buyers have access to an independent assessment of the underlying wine that relates to each listing. It will also provide flexibility to those who hold an AWX Wine Class Shares through to de-listing, and then seek to realise the benefits of their investment as an aged wine using Australia's leading auctioneer", he said.
Stewart Langton, founder of Langton's Fine Wine Auctions, said "We took a leading position in the development of the secondary ultra-fine Australian wine market. We can now see this sector expanding and embracing a wider level of interest. Langton's relationship with AWX simply acknowledges the dynamic changes in this growing market and the need for well-informed independent research."
"Clearly there is a complimentary fit between Langton's and AWX. AWX will create a broad market offering of pre-release premium wine in the form of a financial security, whereas Langton's can provide auction and exchange services for aged wine after de-listing. Importantly, however, we are interested in seeing the development of a well-organised secondary market where sellers and buyers are able to trade with confidence. We have been impressed with the AWX's level of commitment and attention to detail. We sincerely look forward to working together."
