For the first time since November the Liv-ex 100 closed the
month with a loss. Falling 1.3%, it closed April on 276.26, while the Liv-ex 50
dropped 1.3%, to 318.57.  

Although Bordeaux 2012 release prices have come down on the levels
of 2011, the market is so far unimpressed. While a handful wines have traded on
the secondary market, many consider Bordeaux too expensive, and have reacted by
selling high value wines from exceptional vintages.

Meanwhile off-vintage Bordeaux found the bid, and feature in
April’s top movers alongside acclaimed champagne brands.  Interestingly, Palmer 2005 rose on the back of
the 2012 release which came out in London at a staggering £1,700.