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market report

Liv-ex is an electronic exchange for fine wine used by professional merchants and collectors. Each month Liv-ex publishes a detailed Market Report analysing fine wine prices and trends in the marketplace. The Market Report is part of a package of data and services offered to subscribers of Liv-ex, with subscriptions starting at £39.95 per year.

Below is just a brief extract from the latest Market Report. An extract will be offered on wine-pages as soon as it is published each month, but for the full report and Liv-Ex's extensive services, sign-up with them at

Liv-Ex Market Report
by, April 2005

Activity in April picked up despite the faltering 2004 en primeur campaign. Trade through the Exchange was up 17.3% on March and 50% year on year. Stock held by the leading UK merchants was flat for the month. The Liv-ex 100 rose 1.7%. Breaking down April's trade by region, we saw Bordeaux's dominance collapse. This had much to do with a surge in top end Burgundy- specifically DRC and de Vogue 2002s - and the successful release of Sassicaia 2002 at a relatively low price.

(more analysis by region in the full report)

Major Movers
The table below shows the major movers, month on month, in April. Old Bordeaux continues to dominate the leaders board, especially amongst the top end (contributing to the Liv-ex 100 gain). On the flip side the abundant 2000s remain under pressure.

(the featured wines are analysed in detail in full report)

Critical Corner
Alongside Parker's limited Bordeaux 2004 review, he took another look at 2002 and 2003. Below we list the changes in score for a cross section of actively traded labels..

Casting your eye down the list of top wines in the table below, you will note that Parker has cooled somewhat towards 2002, while the best wines in 2003 have been reaffirmed as some of the greats. The price impact of this review, however, has been muted, because 2002s were already cheap and the 2003s very fully priced. In addition, upgrades and downgrades across all wines were fairly evenly spread for both vintages. Indeed, for the top 100 or so 2003s the upgrade to downgrade ratio was 1.45, as against 1.1 for 2002.

Latour 2003, however, has continued to creep north (now offered at £2800, just shy of the 2000). The stand out buy on the list of 2002s remains Leoville Las Cases, which gets a higher score than the 2003, but trades at half the price.

see all stockists of Latour 2003 on
see all stockists of Las-Cases 2003 on

(more analysis in full report)

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