Of course I know Liv-ex will make a buck from trading...
I am a member and becoming a member is very stringent in terms of checks:
Now, liv-ex only make money if two members have the wine to trade and come to an agreement on price. In the same way that Lloyd's of London is an insurance trading market place, liv-ex provide that service for wine.
Just because Parker made some comments to them, doesn't mean that we will necessarily see a drastic move in price unless buying members suddenly come out and double their bids on 2001s, and sellers will be savvy enough to up their asking prices on the wines they hold as they won't wish to lose out. As such it will be odd B2B sales, not a moving of markets as most people don't read the Liv-ex blog because they don't have access or aren't that interested. I read it because I am a member; wine lovers read it because they want info, but not all traders are lovers of wine and not all keep an eye on the market (although they should). If there are no members holding 01s, then there is no market there...
It is a bit comPlex to go into details, but this interview will have no bearing on price because there is NO "new vintage hype" or rescoring taking place which most of the world will have their eye on. I will let you know if I see loads of 01s being bartered to test out the theory.
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