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At said auction, top wines from the Burgundy region are traded. Clients of LeVinum will be taking part in the auction by bottle, and the estimated price per bottle is based on prices for earlier vintages and ex-domain prices of other winemaking regions for this year, the startup said. 

LeVinum is setting out to buy two casks for investors' money --  one of the more expensive Grand Cru and the other of the less expensive Premier Cru.

After the auction, the cask will move for a period of two years to a local winemaking house, which will be responsible for the development of the wine in the cask and its subsequent bottling. 

The cooperation partner for LeVinum in Burgundy is Domaine Faiveley.

A cask yields 288 bottles of wine.

LeVinum found on the basis of data from the wine price information portal Wine-Searcher and the upmarket wine trading platform Liv-ex that the average annual price gain of top wines from the Burgundy region has been almost 17%in the past five years, while the price for very good vintages rises from 20 to 30% after bottling. 

The auction at Hospices de Beaune takes place every year on the second Sunday of November. The wines put up for the auction are produced from grapes grown in fields belonging to the local care facility and have been received as a gift. The proceeds of the auction go to the Beaune  hospice. 

Established in 2018, LeVinum is a provider of investment wines, storage, and aftermarket trading in wines. According to Creditinfo, the beneficiaries of the company include Paavo Parn with a  holding of 29%, Risto Kaljurand with 28% and Lauri Luik with 27%.