Active markets hit all time high as the Cavex team expands

There have been signs of growth in all areas this past week at Cavex as total exchange value creeps up to £6.23 million. Not only have both the bid and offer positions grown in value, but the number of active markets has hit an all-time high of 2280. For the first time in some weeks the number of offers placed has exceed that of bids, although the bid to offer ratio remains at 2.11:1 showing strong buying demand is still present.

Recent trades have seen the majority of these wines maintain their pricing levels from the last traded price data which is an encouraging sign for the market overall. There have been a few noted trades where prices have been a little more extreme in movement with biggest climber going to De Vogue’s Bonnes Mares 2010, up 13.7% since October trading at £1,580 per 6 x 75. Duhart Milon has returned to centre stage recently picking up strong multiple vintage bids with the 2008 trading 8.2% higher from September at £525 per dozen. Biggest fall of the week went to Ornellaia 2010 down 7.1% since this time last year whilst Latour 2007 took a tumble of 6.2% since the start of 2014. As usual all the latest trades can be viewed by clicking the link below taking you to the last 40 trades through the Cavex exchange.

This week’s new stock offers have seen a very high proportion of Burgundy Red and Whites placed for sale, with highlights from Arnoux Lachaux, Bonneau de Martray, Dujac,Fevre, Perrot Minot, Ponsot and Vougeraie to name a few. There are also a couple of great offers of Clos St Jean’s uber cuvees Combe des Fous and Deus Ex Machina alongside a great bargain in Cote Rotie 2001 from Rene Rostaing. Be sure to view all new positions placed on the below links in excel or PDF.

And finally, staying on the theme of growth at Cavex. This week the team expanded with the arrival of our latest member Stephanie Urwin. Steph will help to run our logistical operations which have been at full capacity for some time. She is formerly of Corney and Barrow and brings with her a wealth of experience and knowledge. She will be responsible for keeping all trades moving as efficiently as possible between counter parties. We would like to take this opportunity to welcome her aboard and introduce her to all members as she will undoubtedly be of huge benefit to the service that Cavex intends to continue providing.

Hot Offers
Wine Vintage Format Offer Contract Qty Last Traded Date
Angelus 2001 12 x 75 £2,215 A 1
Ausone 1998 12 x 75 £3,350 C 1 £3,300 25/11/14
Ausone 1999 12 x 75 £3,300 C 2
Ausone 1999 6 x 75 £1,650 C 2
Ausone 2003 12 x 75 £6,700 A 1 £7,250 07/04/14
Brunello di Montalcino Sugarille Angelo Gaja 2006 6 x 75 £420 A 2
Coutet 2001 12 x 75 £340 A 1
Cristal Louis Roederer 2006 6 x 75 £510 A 2
Dom Perignon Moet & Chandon 2002 6 x 75 £530 A 1
Ducru Beaucaillou 2001 12 x 75 £800 A 1 £730 31/08/14
Grands Echezeaux DRC 1993 6 x 75 £4,000 C 1
Mesnil Salon 1999 6 x 75 £960 C 1
Mouton Rothschild 1998 12 x 75 £3,000 C 1 £3,000 17/11/14
Nuits St Georges Chaignots Henri Gouges 2007 12 x 75 £450 A 4
Opus One Mondavi 2010 6 x 75 £950 A 2 £950 19/11/14
Pommard Croix Noire Courcel 2010 6 x 75 £210 A 6
Puligny Montrachet Louis Carillon 2007 12 x 75 £275 A 1
Rauzan Segla 2002 12 x 75 £415 A 3 £415
Sperss Angelo Gaja 2008 6 x 75 £670 A 5

Hot Bids
Wine Vintage Format Bid Contract Qty Last Traded Date
Bellevue Mondotte 2005 12 x 75 £1,925 A 1
Calon Segur 2010 6 x 75 £300 A 2 £280 19/03/14
Cos d’Estournel 2005 12 x 75 £1,095 A 1 £1,150 06/10/14
Cos d’Estournel 2006 12 x 75 £710 A 2 £710 17/09/14
Duhart Milon 2009 12 x 75 £550 A 16 £525 14/11/14
Gloria 2009 12 x 75 £265 A 1
Haut Bailly 2009 12 x 75 £1,050 A 10 £1,030 10/11/14
L’Eglise Clinet 2008 12 x 75 £1,100 A 1 £1,200 28/10/14
Lafite Rothschild 2006 12 x 75 £4,380 A 3 £4,400 04/12/14
Leoville Las Cases 2008 12 x 75 £880 A 2 £890 09/09/14
Leoville Poyferre 2009 12 x 75 £1,280 A 2 £1,300 18/09/14
Leoville Poyferre 2010 12 x 75 £750 A 1
Lynch Bages 2009 12 x 75 £930 A 1 £935 14/11/14
Margaux 2008 12 x 75 £2,570 A 1 £2,650 21/10/14
Mouton Rothschild 2004 12 x 75 £2,710 A 5 £2,705 03/12/14
Pavie 2000 12 x 75 £3,875 A 1 £3,875 11/11/14
Talbot 2009 12 x 75 £370 A 9 £355 24/03/14

Have a great week.

Daniel, Jean, Simon, Steph & Steve

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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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