A Rothschild week at Cavex. Pauillac and St Julien move to the forefront of trades.

After the mixed trading patterns from two weeks ago, the last seven days on Cavex has all been about the Rothschild name. Having watched the bids grow for Lafite Rothschild the previous week, it has been a strong period for trades with multiple vintages changing hands. The trend remains one of slight softening of price with the 2002, 2004, 2005 and 2006 all trading down slightly over the course of the week. Only 2004 had a small gain of 0.1% trading twice in four days.

We have also seen activity in Carruades de Lafite with the 2010 vintage taking a tumble of 5.6% since January, trading at £1,440 per 12. Bids for both the grand vin and the second wine are still strong at their last traded values. A question to ask is have we now found the price level for Lafite and its stable?

Not to be left out, Mouton Rothschild has been actively traded throughout the week with the 2004, 2007 and 2008 all exchanging. Demand for the 2008 at £3,000 is still strong with buyers confidently taking stock at this new level. Petit Mouton has also returned to trading with the 2009 matching at £535 per 6, up 1.9% since February.

Buyers do appear to be gaining confidence as the bid to offer ratio continues to rise, now up to 1.06:1. The total bid value amounts to £1.87million, spread over 1,593 cases with a return to growth of 1.2% from the previous week.

Other notable trades from the week came from the continued rise of Leoville Poyferre 2009 that is quietly gaining momentum in the background with yet another increase of 1.8%, trading regularly since early February. Conseillante 2009 likewise traded at £1,300 per 12, alongside Pavie 2000 at £4,320 per 12 showing demand is still present for big name right bank wines.

We have kept this week’s highlights to the Hot Stocks because there are some very keenly priced offers up for grabs.  These are so well priced that we don’t wish to muddy the waters. As expected, Lafite and Mouton Rothschild indeed feature. There are some great drinking parcels such as Clos des Papes 2004 at £375 per 12, d’Arenberg’s Coppermine Road 2001 at £100 per 6. Also one to lay down for the future is Grand Veneur’s CNDP 2010 at £95 IB per 6, which at 93pts from the Wine Advocate seems incredibly good value.

Hot Offers
Wine Vintage Format Qty Offer Last Traded Date
Ausone 2001 12 x 75 1 £4,750
Ausone 2008 12 x 75 3 £3,900 £4,400 17-Jan
Chambertin Clos de Beze Bouchard Pere et Fils 2005 12 x 75 1 £3,400
Chateauneuf Du Pape Hommage J Perrin 2009 3 x 75 6 £735 £675 14-Jan
Clarendon Hills Astralis Shiraz 2005 6 x 75 1 £750 £760 19-Jul
Clos des Papes Chateauneuf Du Pape 2004 12 x 75 10 £375 £375 19-Mar
Coppermine Road Cabernet Sauvignon D’Arenberg 2001 6 x 75 20 £100
Dominus 2007 6 x 75 5 £690 £675 20-Mar
Duhart Milon 2009 12 x 75 7 £600 £600 03-Feb
Grand Veneur Chateauneuf Du Pape 2010 6 x 75 16 £95
Haut Brion 2008 12 x 75 1 £2,475 £2,600 18-Dec
Haut Brion 2009 12 x 75 1 £5,190 £5,550 18-Nov
Lafite Rothschild 2009 6 x 75 1 £3,225 £3,275 30-Jan
Latour 2000 12 x 75 1 £7,500 £7,700 14-Nov
Latour 2005 12 x 75 1 £6,500 £7,250 06-Sep
Leoville Las Cases 2007 12 x 75 10 £920
Les Forts de Latour 2009 12 x 75 2 £1,315 £1,330 07-Mar
Les Forts de Latour 2010 12 x 75 3 £1,440 £1,630 23-Sep
Lynch Bages 2005 12 x 75 1 £980 £985 18-Dec
Malescot St Exupery 2009 12 x 75 1 £600 £600 11-Nov
Margaux 2009 12 x 75 1 £5,200 £5,300 19-Mar
Mouton Rothschild 2005 12 x 75 2 £3,900 £4,080 04-Oct
Mouton Rothschild 2006 6 x 75 2 £1,690 £1,700 30-Jan
Pavillon Rouge 2001 12 x 75 1 £920 £930 02-Oct
Pavillon Rouge 2009 12 x 75 2 £910 £930 07-Feb
Penfolds St Henri Shiraz 2008 6 x 75 8 £225 £230 18-Sep
Pontet Canet 2004 12 x 75 2 £500 £480 28-Feb
Pontet Canet 2009 12 x 75 1 £1,490 £1,460 28-Mar
Romanee-Conti Grand Echezeaux 2004 3 x 75 1 £1,600 £1,625 06-Mar
Yquem 2001 12 x 75 1 £3,900 £3,900 19-Feb

Hot Bids
Wine Vintage Format Qty Bid Last Traded Date
Beychevelle 2008 12 x 75 20 £535 £520 30-Jan
Calon Segur 2009 12 x 75 1 £600
Carruades de Lafite 2008 12 x 75 3 £1,670 £1,670 21-Mar
Carruades de Lafite 2010 12 x 75 10 £1,435 £1,440 08-Mar
Cheval Blanc 1998 12 x 75 1 £3,500 £3,150 22-Oct
Clinet 2009 12 x 75 2 £2,100 £2,100 10-Mar
Cos d’Estournel 2009 6 x 75 2 £1,000 £985 12-Mar
Ducru Beaucaillou 2008 12 x 75 3 £745 £745 13-Mar
Duhart Milon 2005 12 x 75 1 £590 £590 22-Feb
Grand Puy Lacoste 2006 12 x 75 16 £320 £300 02-Jan
La Chapelle de la Mission Haut Brion 2007 12 x 75 2 £400
La Chapelle de la Mission Haut Brion 2009 12 x 75 5 £360
La Fleur Petrus 2006 6 x 75 1 £600 £545 06-Mar
Lafite Rothschild 2004 12 x 75 2 £5,030 £5,025 24-Mar
Lafite Rothschild 2008 6 x 75 1 £2,700 £2,650 07-Jan
Latour 2003 6 x 75 1 £3,200 £3,200 20-Mar
Latour 2006 12 x 75 4 £3,600 £3,600 07-Feb
Leoville Barton 2008 12 x 75 10 £390 £380 24-Feb
Leoville Las Cases 2007 6 x 75 10 £450
Leoville Poyferre 2007 12 x 75 28 £365 £365 14-Feb
Lynch Bages 2007 12 x 75 1 £680 £680 05-Sep
Lynch Bages 2010 6 x 75 1 £450 £425 05-Mar
Montrose 2003 12 x 75 8 £1,450 £1,450 11-Mar
Montrose 2008 12 x 75 6 £555 £555 19-Feb
Mouton Rothschild 2003 12 x 75 1 £3,170 £3,150 19-Feb
Mouton Rothschild 2008 12 x 75 2 £3,000 £3,000 21-Mar
Palmer 2005 12 x 75 4 £1,680 £1,680 13-Mar
Pavie 2008 12 x 75 5 £1,525 £1,525 04-Mar
Pontet Canet 2008 12 x 75 3 £570 £570 19-Mar
Troplong Mondot 2005 12 x 75 2 £1,500 £1,500 02-May
Trotanoy 2009 6 x 75 1 £1,080 £1,080 06-Mar

Finally, we are still on the look out for large cellar collections on behalf of some of our new members. If you have significant holdings of Bordeaux, Burgundy, Champagne, Italian, Rhone and USA wines, and you would like to move these easily in batch parcels, then do get in touch. Please email us at trading@cavex.co.uk with your portfolio listing and we would be happy to assist where possible.

Best wishes

Steve, Daniel, Simon & Jean

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