Back vintages show growth as the Bordelais contemplate their strategy

As Chateaux owners ponder their pricing strategies for EP 14, it’s been encouraging to see available back vintages trading strongly. 87% of all of wines traded through the week posted an increase from their previous prices. A figure not seen since early January and against the run of play over the past three months.

With Chateau Haut Brion’s deputy MD Jean-Philppe Delmas stating that release prices will appear within the next two weeks, it appears buyers have been reacting to statements from various Chateaux owners that prices may not fall as much as requested. Though what would happen if prices rise? Surely it’s just a question of economics for most buyers? We certainly believe this and whilst a there’s an opportunity to pick up better priced physical vintages, it seems our members feel the same way.

As for the Cavex market, it grew overall by 3.42% with £471,000 of new positions placed and 170 new cases up for sale. There are now a total of 2336 cases on offer so plenty of stock immediately available priced from as low as £15 per dozen IB UK. Do view all the latest offers alongside the entire stock list on the below links.

Trade highlights of the week:

  • Biggest Climber – Pichon Lalande 2001 12 x 75 at £850 + 21.4% since
  • Leoville Barton 2006 12 x 75 at £440 + 8.6% since
  • Pavillon Rouge 2006 12 x 75 at £950 + 4.4% since 12/12/14
  • Biggest Faller – Forts de Latour 2006 12 x 75 at £1,100 – 18.5% since 23/12/13
  • Duhart Milon 2008 12 x 75 at £470 – 10.5% since 02/12/14
  • Smith Haut Lafitte 2009 12 x 75 at £1,200 – 9.1% since 26/08/14

Buyers this week are on the look-out for First Growths at slightly raised pricing which is encouraging for the market. In particular there is strong demand for Mouton Rothschild alongside Haut Brion and Chateau Margaux. Sassicaia also features heavily across multiple vintages. If you’re in a position to offer stocks, please do get in contact or email trading@cavex.co.uk

Sellers this week have some great parcels available such as Cos 2006, Duhart Milon 2009, Grand Puy Lacoste 2006 and the 94 point Le Serre Nuove 2011 at £135 per 6. Certainly worth taking a look at all these offers a little more closely if the first EP 14 release shows even a 1% rise…

Hot Offers
Wine Vintage Format Price Contract Qty Last Traded Date
Ausone 2007 6 x 150 £2,700 A 3
Ausone 2008 12 x 75 £3,500 A 1 £3,750 04/07/14
Brunello di Montalcino Argiano 2010 6 x 75 £125 A 2
Brunello di Montalcino Sesti 2004 12 x 75 £325 A 1
Cos d’Estournel 2006 12 x 75 £740 A 5 £740 19/03/15
Dom Perignon 2002 6 x 75 £540 A 4 £530 26/03/15
Duhart Milon 2009 12 x 75 £570 A 7 £560 08/04/15
Grand Puy Lacoste 2006 12 x 75 £335 A 16 £320 20/06/14
Grand Puy Lacoste 2008 12 x 75 £270 A 2 £270 29/09/14
Haut Brion 2005 12 x 75 £4,550 A 1 £3,850 10/07/14
Haut Brion 2008 12 x 75 £2,400 A 1 £2,365 10/02/15
L’Eglise Clinet 2005 6 x 75 £1,900 A 1
Le Pin 2005 3 x 150 £9,000 A 9 £9,500 10/06/14
Le Serre Nuove Tenuta dell’Ornellaia 2011 6 x 75 £135 A 7 £135 17/03/15
Lynch Bages 2009 12 x 75 £960 A 2 £940 11/12/14
Montrose 2006 12 x 75 £530 A 1 £500 31/07/14
Petrus 2002 12 x 75 £13,700 A 1 £14,500 30/09/13
Pichon Longueville Comtesse de Lalande 2008 12 x 75 £690 A 3 £650 03/03/15
Pontet Canet 2006 12 x 75 £560 A 5 £530 25/03/15
Pontet Canet 2009 12 x 75 £1,445 A 3 £1,400 06/04/15
Vieux Chateau Certan 2002 12 x 75 £795 A 1
Vieux Chateau Certan 2009 6 x 75 £900 A 1 £1,660 17/01/15
Hot Bids
Wine Vintage Format Price Contract Qty Last Traded Date
Angludet 2009 6 x 75 £100 A 3
Barolo Monprivato Giuseppe Mascarello 2004 6 x 75 £505 A 1
Haut Brion 2008 12 x 75 £2,365 A 1 £2,365 10/02/15
Hosanna 2006 6 x 75 £380 A 4
La Mission Haut Brion 2009 12 x 75 £3,850 A 1 £3,860 23/03/15
Lafite 1999 12 x 75 £4,750 C 1 £4,700 13/02/15
Lafite 2002 12 x 75 £4,400 A 1 £4,500 28/01/15
Latour 2004 12 x 75 £3,160 A 1 £3,160 22/02/15
Les Forts de Latour 2001 12 x 75 £1,205 A 1
Les Forts de Latour 2002 12 x 75 £1,150 A 1
Lynch Bages 2006 12 x 75 £780 A 12 £780 14/01/15
Lynch Bages 2009 12 x 75 £940 A 2 £940 11/12/14
Montrose 2006 12 x 75 £510 A 1 £500 08/04/15
Montrose 2008 12 x 75 £500 A 3 £500 31/07/14
Montrose 2010 12 x 75 £1,500 A 1 £1,550 29/09/14
Montrose 1989 12 x 75 £2,250 C 1 £2,050 10/09/14
Mouton Rothschild 2003 12 x 75 £3,140 A 2 £3,120 19/02/15
Mouton Rothschild 2004 12 x 75 £2,715 A 2 £2,770 19/02/15
Nicolas Catena Zapata 2009 6 x 75 £190 A 1
Palmer 2010 12 x 75 £1,900 A 1 £2,125 10/03/15
Smith Haut Lafitte Rouge 2009 12 x 75 £1,200 A 5 £1,200 10/04/15
Smith Haut Lafitte Rouge 2010 12 x 75 £760 A 2 £765 04/12/14

Enjoy your week.

Daniel, Jean, Simon, Steph & Steve

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