The 2025 Liv-ex Classification has been released. It is a hierarchy of the leading labels in the secondary market based on price alone, tracking how the market evolves over time.
The 2025 Liv-ex Classification comes three years into the longest downturn in the fine wine market’s recent history. With the Liv-ex Fine Wine 1000 falling 23% over the two years since the last Classification, wines that have managed to rise up the rankings have proven themselves to be remarkably resilient in the face of significant headwinds.
First published in 2009 with a focus purely on Bordeaux, the Liv-ex Classification has evolved significantly since its inception. This year, 10 countries feature in the Classification – the highest number since the scope was broadened beyond Bordeaux in 2017.
While the Liv-ex Classification has expanded, its primary purpose remains unchanged: to use price alone to determine a hierarchy of the leading labels in the secondary market. Its inspiration remains the 1855 Classification from Bordeaux, which ordered the wines from top estates from Fifth to First growths based on their price.
The Liv-ex Classification requires a minimum level of trade activity for a wine to qualify. This means that one vintage of one very rare label trading just once for a very great price alone is not enough to secure a place in the Classification. The full methodology – which was slightly amended from 2021 to restrict the influence of older vintages on the average trade price – is outlined in the full article.
Included in the article:
- Regional breakdown of wines included in the Classification
- Full Classification by tier
