The Liv-ex Classification
The Liv-ex Classification is a classification of the wines of the world by the London International Vintners Exchange (Liv-ex), based on their average trade prices on Liv-ex.
The classification is inspired by the Bordeaux Wine Official Classification of 1855: it is based only on price, and consists of five tiers. Unlike the Bordeaux classification, it is updated regularly – every two years. The classification started in 2009, classifying only Bordeaux, but expanded in 2017 to include other regions, and is now international. It only includes wines that are transacted in sufficient quantity to be listed in the Liv-ex, thus excluding some small production cult wines.