Back vintage First Growths pick up trade on the back of EP 2013

The Fine Wine market this past week has seen many new releases of Bordeaux 2013 En Primeur, with most appearing to have been met with very flat reception from merchants and collectors alike. Following on from Lynch Bages’ release last week, Lafite and Mouton Rothschild have stimulated the market a little with slight reductions in price of 10% and 14% respectively. But has this sparked enough interest with collectors? As a result of these releases, a clear trend has emerged at Cavex this week demonstrating a significant rise in trade for back vintages of First Growths.

Mouton Rothschild continues to take top spot for trade, with highlights being the 2000 at £10,250 (12), 2006 at £3,220 (12) and the 2008 trading at £3,000. Lafite followed closely behind with trades of the 2005 at £6,270 (12), the 2008 at £5,300 and the 2009 at £3,225 per six. With high release prices for the 2013 vintage, are long term collectors considering trophy vintages with their fall in value over the past few years thinking it may well be the time to stock up on big names while prices are at a two year low?

Overall positions on the Cavex platform fell by 3.6% during the week with bidders reducing their exposure slightly as the Easter break approaches, whereas total offers grew by 3.1% up to £1.92 million. The bid to offer ratio has tightened somewhat to 1.15:1, down from the high 1.35:1 at the beginning of April. Although the total value of positions has dropped slightly, it has been interesting to see the total active markets grow to more than 1,300 spread over 4,000 cases.

Hot stock highlights have not all been focused on Bordeaux with an interesting array of Burgundy Red and Whites placed for sale. The most keenly priced offers are listed below in this week’s Hot Offers alongside some very well priced First Growths. Worth a look over Easter, the full listings can be found on the following excel and pdf links below as usual.

Hot Offers
Wine Vintage Format Qty Price Last Traded Date
Armand Rousseau Chambertin Grand Cru 2002 6 x 75 1 £5,500
Bollinger Grand Annee 2002 6 x 75 1 £345
Bonneau du Martray 2009 12 x 75 1 £800
Brovia Barolo Ca Mia 2008 6 x 75 5 £220
Comte Vogue Bonnes Mares Grand Cru 2008 6 x 75 1 £1,140
Comte Vogue Chambolle Musigny Les Amoureuses 2011 3 x 75 1 £1,000
Comte Vogue Musigny 2006 6 x 75 3 £1,850
Comte Vogue Musigny 2011 3 x 75 2 £1,000
Courcel Pommard Grand Clos Epenots 2009 12 x 75 2 £245
de Montille Beaune 1er Cru Greves 2010 12 x 75 1 £360
Drouhin Laroze Musigny Grand Cru 2010 3 x 150 1 £2,350
Dujac Vosne Romanee 1er Cru Beaux Monts 2009 6 x 75 1 £985
Faiveley Chambertin Clos de Beze Grand Cru 2009 6 x 75 1 £1,175
Fourrier Gevrey Chambertin Combes Aux Moines 2005 12 x 75 1 £2,080
Francois Lamarche Clos Vougeout 2010 6 x 75 1 £500
Ghislaine Barthod Chambolle Musigny 1er Cru Les Cras 2005 12 x 75 1 £1,900
Grand Veneur Chateauneuf de Pape 2010 6 x 75 16 £95
Haut Brion 1990 12 x 75 2 £4,800
Haut Brion 2006 12 x 75 5 £2,350 £2,450 09/04/14
Hosana 2005 6 x 75 1 £665
Hudelot Noellat Clos Vougeout Grand Cru 2009 6 x 75 1 £950
Hudelot Noellat RSV Grand Cru 2003 12 x 75 1 £2,200
Joseph Drouhin Clos Mouches Blanc 2009 6 x 75 6 £265
Joseph Drouhin Clos Mouches Blanc 2010 6 x 75 2 £250
La Chapelle de la Mission Haut Brion 2007 12 x 75 15 £425
La Chapelle de la Mission Haut Brion 2009 12 x 75 3 £390 £390 11/04/14
La Fleur Petrus 2009 6 x 75 1 £825 £825 01/04/14
Lafite Rothschild 2003 12 x 75 1 £6,350 £6,650 20/03/14
Lafite Rothschild 2008 12 x 75 1 £5,200 £5,300 07/01/14
Latour 2000 12 x 75 1 £7,500 £7,700 14/11/14
Latour 2002 12 x 75 1 £3,300 £3,350 28/02/14
Latour 2005 12 x 75 1 £6,500 £6,460 16/04/14
Latour 2009 6 x 75 1 £4,500
Leflaive Batard Montrachet 2008 6 x 150 1 £1,300
Leflaive Batard Montrachet 2008 6 x 75 1 £1,300
Leflaive Sous le Dos D’Ane 2009 12 x 75 1 £700
Leflaive Sous le Dos D’Ane 2009 6 x 150 1 £700
Leoville Barton 2003 12 x 75 3 £690 £690 10/03/14
Leoville Poyferre 2003 12 x 75 3 £1,040 £1,040 18/03/14
Leroy Clos Roche Grand Cru 2007 12 x 75 1 £8,900
Leroy Clos Vougeout Grand Cru 2010 12 x 75 1 £12,500
Margaux 1986 12 x 75 1 £3,725
Margaux 2006 12 x 75 1 £2,650 £2,650 08/04/14
Margaux 2009 6 x 75 1 £2,650 £2,600 13/04/14
Penfolds St Henri Shiraz 2008 6 x 75 8 £225 £230 18/09/14
Phelan Segur 2009 12 x 75 1 £260 £265 31/03/14
Ponsot Clos de La Roche Grand Cru 2003 6 x 150 1 £3,300
Roche de Bellene Bonnes Mares 2009 6 x 75 1 £580
Roche de Bellene Chambertin 2009 6 x 75 1 £600
Romanee-Conti Richebourg 2010 3 x 75 1 £3,100 £3,100 22/01/14
Rousseau Clos de Roche 2007 6 x 75 2 £1,060
Trapet Chanbertin Grand Cru 2007 6 x 75 3 £775

Hot Bids
Wine Vintage Format Qty Price Last Traded Date
Beychevelle 2008 12 x 75 20 £535 £520 30/01/14
Cheval Blanc 1998 12 x 75 1 £3,500 £3,150 22/10/13
Cheval Blanc 2000 12 x 75 2 £5,250 £5,250 08/04/14
Clinet 2009 12 x 75 2 £2,100 £2,100 10/03/14
Cos d’Estournel 2009 6 x 75 2 £1,000 £985 12/03/14
Grand Puy Lacoste 2006 12 x 75 16 £320 £300 02/01/14
La Fleur Petrus 2006 6 x 75 1 £600 £545 06/03/14
Lafite Rothschild 2004 12 x 75 1 £5,035 £5,030 28/03/14
Lafite Rothschild 2006 12 x 75 1 £5,040 £5,025 28/03/14
Lafite Rothschild 2007 12 x 75 1 £5,150 £5,200 06/02/14
Latour 2003 6 x 75 1 £3,200 £3,200 20/03/14
Leoville Barton 2005 12 x 75 1 £625 £620 08/11/14
Leoville Las Cases 2000 12 x 75 2 £1,900 £1,900 16/04/14
Leoville Las Cases 2007 6 x 75 10 £450 £450 07/04/14
Leoville Poyferre 2007 12 x 75 28 £365 £365 14/02/14
Lynch Bages 2007 12 x 75 1 £680 £680 05/09/13
Mouton Rothschild 2001 12 x 75 1 £2,780 £2,760 28/03/14
Mouton Rothschild 2003 12 x 75 1 £3,180 £3,150 19/02/14
Mouton Rothschild 2005 12 x 75 1 £3,600 £3,550 10/04/14
Mouton Rothschild 2009 12 x 75 1 £4,700 £4,675 14/02/14
Ornellaia 2004 6 x 75 1 £750 £750 10/12/13
Pavie 2008 12 x 75 5 £1,525 £1,525 04/03/14
Pavillon Rouge 2000 12 x 75 4 £1,370 £1,340 14/08/13
Pavillon Rouge 2001 12 x 75 4 £920 £920 07/04/14
Pavillon Rouge 2003 12 x 75 4 £970 £960 29/11/13
Pavillon Rouge 2008 12 x 75 10 £900 £890 21/03/14
Pavillon Rouge 2009 12 x 75 3 £900 £900 31/03/14
Petit Mouton 2006 6 x 75 30 £525 £520 10/02/14
Petit Mouton 2009 6 x 75 17 £535 £535 27/03/14
Pichon Baron 2003 12 x 75 1 £840 £835 09/04/14
Pontet Canet 2008 12 x 75 3 £570 £570 19/03/14
Sassicaia 2007 12 x 75 5 £1,240 £1,240 18/03/14
Smith Haut Lafitte Rouge 2010 6 x 75 1 £400 £385 24/09/13
Trotanoy 2009 6 x 75 1 £1,080 £1,080 06/03/14

Best wishes for a Happy Easter.

Steve, Daniel, Simon & Jean

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