£500,000 of new positions to welcome the New Year

We hope all our Members had an enjoyable Christmas and New Year and would like to wish you all the very best for 2014.

There has been a vast amount of movement over the festive period with many members taking stock of their portfolios and positions at the end of the year. The bidders have started off 2014 in far greater style than the sellers with £369,000 worth of new bids placed since our last weekly update, an increase of 15%.

The sellers have placed £155,000 worth of new positions taking our total live positions to just shy of £3.5 million, spread over 3,173 cases giving us a very pleasing start to 2014 and a sound platform to grow from over the coming year.

The trade highlights over the past 3 weeks have been varied, but the Bordeaux left bank has certainly taken top position with trades such as Lafite 2009 at £6600, Latour 1996 at £2550 (6), Lynch Bages 2008 at £355 (6) and Mouton Rothschild 2009 at £5,000 to name a few. We have also seen Petrus 2005 trade at £11,900 (6).

DRC wines have also seen active movement through Cavex with trades for Echezeaux 2007 at £1400 (3), Romanee St Vivant 2000 at £3850 (6), 2005 at £3600 (3) and the 2007 at £1550 (3). We also saw a brace of Giacomo Conterno’s Barolo Monfortino 2005 and 2006 trade at £1550 (6) and £1800 (6) respectively.

The hot stocks this week highlight some very keenly priced wines. So much so that quite a few have been trading whilst this update was being penned. Be sure to take a look on the two document links below that highlight all the new positions in full, as the hot bids and offer highlights are only a small snapshot of what has been added over the past 2 to 3 weeks.

This month we are on the look out for Champagne stocks, so if you have cases stored IB that you are looking to sell please do get in touch, as we have some keen buyers looking for good vintages from 1990 onwards. Please email trading@cavex.co.uk if you do have stock to offer, or have a portfolio you would like to submit for listing.

 

Hot Bids
Wine Vintage Format  Qty Price  Last Trade Date
Grand Puy Lacoste 2006 12 x 75 9 £300 £300 02-Jan
Haut Brion 2004 12 x 75 1 £2,450 £2,400 28-Nov
Haut Brion 2006 12 x 75 2 £2,450 £2,400 25-Nov
Haut Brion 2010 6 x 75 1 £2,700 £2,700 02-Jan
Latour 2004 12 x 75 2 £3,320 £3,300 10-Dec
Leoville Barton 2008 12 x 75 10 £380 £380 02-Jan
Leoville Poyferre 2008 12 x 75 1 £450 £450 18-Nov
Lynch Bages 2004 12 x 75 20 £720
Lynch Bages 2006 12 x 75 20 £710 £710 14-Oct
Lynch Bages 2010 12 x 75 2 £930 £920 02-Jan
Montrose 2003 12 x 75 10 £1,440 £1,400 04-Dec
Montrose 2008 12 x 75 5 £560 £550 17-Dec
Montrose 2010 12 x 75 4 £1,350 £1,350 02-Jan
Mouton Rothschild 2004 12 x 75 2 £2,850 £2,825 11-Oct
Pavillon Rouge 2008 12 x 75 50 £900 £800 31-May
Petrus 2005 6 x 75 1 £11,900 £11,900 06-Jan
Pichon Lalande 2000 12 x 75 1 £1,550 £1,500 28-May
Pichon Lalande 2004 12 x 75 5 £720 £700 19-Sep
Hot Offers
Wine Vintage Format  Qty Price  Last Trade Date
Ausone 2008 6 x 75 1 £2,400 £2,450 17-Oct
Clos Fourtet 2009 12 x 75 1 £1,990 £1,995 18-Nov
Glaetzer Amon Ra 2005 6 x 75 1 £290
Lafite Rothschild 2003 12 x 75 1 £6,800 £7,000 31-Oct
Lafite Rothschild 2005 12 x 75 1 £6,650 £6,700 22-Nov
Margaux 2005 12 x 75 1 £5,200 £5,400 06-Dec
Montrose 2000 12 x 75 1 £1,070 £1,150 05-Aug
Mouton Rothschild 2005 12 x 75 2 £3,900 £4,080 04-Oct
Mouton Rothschild 2008 12 x 75 1 £3,000 £3,000 04-Dec
Pichon Baron 2003 12 x 75 1 £940 £940 15-Jun
Romanee-Conti La Tache 2004 3 x 75 1 £3,300 £3,300 31-Dec
Solaia 2010 6 x 75 1 £660
Talbot 2009 12 x 75 7 £375 £375 21-Nov

Seen a bid or offer that you are interested in but yet to have your trading privileges approved? Then please get in touch by calling us on +44 (0) 1491 576 300 so that we may get you activated straight away.

If you are in a position to offer stocks for sale, please do email us at trading@cavex.co.uk With commissions of just 3%, we are helping many private collectors sell through their portfolios with average payments made in 17 days from being matched. Do not hesitate, therefore to give us a call to see how we can help you maximise your returns.

We look forward to hearing from you.

Best wishes
Cavex

CaveX Cru is our newly launched service offering members of CaveX the opportunity to buy exclusive parcels of affordable fine wines for everyday drinking.

No need to worry about in-bond, duty-paid, VAT or delivery. We just find great wines from some of the world’s top producers that are drinking perfectly now – all delivered direct to your door.

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The Portfolio Management Partnership

More than ever, keeping a handle on what’s in your portfolio, its provenance, and its value is crucial to maintaining the integrity of your investment wines in-bond. Easy if you have a handful of cases and time on your hands. Not so easy if your collection is significant or you aim to invest more.

This is the reason we are launching our Portfolio Management Partnership service. Working with a trusted partner with over 30 years of experience in the fine wine business, this service will help you manage your portfolio, guide you on future investments, allow you to trade in only topflight investment wines and most importantly offer you access to one of the most secure wine storage services available to date.

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External Service Providers

The Davies Turner Fine Wine team offers consultancy in meeting your individual requirements, building long-term partnerships with their clients, suppliers and partners worldwide. Founded in 1870 and still remaining in private ownership, they have over 140 years experience in freight forwarding being the UK’s leading independent freight and logistics provider. They have become the largest […]

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Connoisseur International is a specialist global provider of logistical solutions concerning wines and spirits based in London. They provide a variety of services including worldwide door to door export and import air freight, express courier, refrigerated ocean and road services. Collections are available on a daily basis utilising their own fleet of vehicles from all UK bonded […]

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