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 Ł39.95 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 www.liv-ex.com

Liv-Ex Market Report
by Liv-ex.com, July 2004

Trading
Trade in July began where June left off with extremely brisk Bordeaux 2003 activity over the first two weeks of the month. The market then hit a brick wall. Trade was down 65% from June's record levels, but still up 50% year on year. The Liv-ex 100 composite fell 1.6% in July, giving back the previous months gains. Stock held by the UK's leading stockholders dropped by 6.6%.

(more analysis by region in the full report)

Major Movers for July
The table below shows the major movers for July. No real themes to speak of.

(featured wines analysed in detail in full report)

Critical Corner
July was a quiet month for the critics, with Bordeaux 2003 and Burgundy 2002 grabbing the headlines. What little new excitement we did see came in the form of updates on the increasingly well-regarded Sauternes 2001. which looks increasingly like one of the region's best ever vintages. Tanzer was effusive and advised "the vintage to focus on today is 2001. These are wines to buy and lay down, not wines to consume young."
(Parker, WS and Tanzer comments in full report)

Final Thought
At last the Bordeaux 2003 campaign seems well and truly complete. It was one of the longest, most frenzied and controversial yet. Its length was a result of a wait-and-see game played by the chateaux. The frenzy was built around the critics' favourites and concentrated in maybe 20-30 wines. And the controversy surrounded the stark differences in scores on some wines - like Pavie - and some jaw dropping prices upon release.
(tables and detailed info in full report)

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