The Lay & Wheeler Collection is the second iteration of the fine wine investment syndicate built on the partnership between WineFi, Lay & Wheeler, and Coterie Holdings. It follows the inaugural Lay & Wheeler Collection, which has delivered 23.26% since inception and has already begun returning capital to members through early exits.

The portfolio is constructed using WineFi's proprietary WIS methodology and sourced through Lay & Wheeler's deep producer relationships and market connections - securing stock at prices that are not available on the open market. The Lay & Wheeler Collection deploys into a market still trading below its 2018 levels, with ultra-premium labels at a substantial discount to the 2022 peak.

It also takes increased exposure to Spain, where a price-weighted index of benchmark producers has returned 8.3% a year through the correction, offering resilience and relative value against the traditional core regions.

What’s new in the second iteration?

This is not the first collection reopened under a new date. Three things are deliberately different:

1. A materially larger allocation to Spain. Our price-weighted index of leading Spanish wines rose 49.1% in the five years to August 2026, while the Liv-ex Fine Wine 1000 fell 7.9% and the Bordeaux 500 fell 18.3%. It did so with a maximum drawdown of just 3.1%. Spain rises to 10% of the portfolio, with Bordeaux reduced by five percentage points.

   
   

2. New Producers Included. Over the five years to June 2026, the producers added to this collection returned +27.1%, against a 7.7% decline in the Liv-ex Fine Wine 1000 - an outperformance of 34.8 percentage points, or 6.5 percentage points a year.

   
   

3. A move to ultra-premium. Wines above £400 a bottle have returned 9.2% over the last twelve months, against 1.2% for wines under £100. The premium end is leading this recovery, so we are lifting the ultra-premium allocation from 50% to 60% of the portfolio.