Bid value climbs 9% as Buyers return to the market

Bidding activity over the past week has been feverish compared to recent months with the strongest climb since mid May rising 9%. The total bid value has also increased to £2.14 million, the highest since early April. In contrast, the total offer value has fallen by 5.9% as sellers have been a little less active this week. Are they taking a break to assess their strategy ready for the traditional busy Autumn period? Whatever the reason it’s pleasing to see buyers have been returning in their numbers with the total bid value climbing a whopping 16% since this time last month. 

Another key indicator that buyers are finding satisfying levels, is witnessing the Bid to Offer ratio swing to 1.09:1, the first time since May that buyers have been the leading party. Bids have been centred around First Growths by quite a high percentage, as well as keen demand for Second Growths such as Cos d’Estournel, Ducru Beaucaillou, Montrose and Pichon Baron. 

Although a little more quiet lately, Sellers still have some great wines to offer such as Angelus 2005 at £2,315, Cos d’Estournel 2005 at £1,195 and a great five case parcel of Lynch Bages 2009 at £925 per dozen. Hot offers this week we have highlighted a solid selection of Right Bank wines all competitively priced to UK market and awaiting that perfect bid. 

Notable trades from the week came in the form of biggest faller Chateau Latour 2006 down 13.9% since April to £3,100 per 12. Other fallers were Lafite 2000, down 9.3% since late June trading at £10,250, Latour 2005 down 7.3% from mid June to £5,750. Pontet Canet 2009 continues its fall from grace down a further 6.4% since early July to £1,310. Whilst the trophy vintages appear to be taking a slide, the less stellar vintages continue to fair slightly better with Latour 2002 sliding only 0.9% from July to £3,200 and Mouton Rothschild 06 dropping 0.8% to £2,925. 
 
Buyers are looking to purchase stocks confidently for the first time in months, so if you have a selection of your portfolio that you would like to move and trade, do get in touch at trading@cavex.co.uk. We’re always happy to help. 

 

Hot Offers
Wine Vintage Format Qty Price Last Traded Date
Angelus 2000 12 x 75 1 £3,200
Angelus 2005 12 x 75 1 £2,315 £2,700 05/09/2013
Angelus 2009 12 x 75 2 £2,370 £2,100 11/07/2014
Ausone 1999 12 x 75 2 £3,700
Ausone 1999 6 x 75 2 £1,850
Ausone 2001 12 x 75 1 £4,600
Ausone 2002 12 x 75 1 £3,475
Ausone 2004 12 x 75 2 £3,150 £3,150 23/01/2014
Ausone 2008 12 x 75 2 £3,750 £3,750 04/07/2014
Bellevue Mondotte 2005 12 x 75 1 £2,300
Cheval Blanc 2004 12 x 75 1 £2,650
Cheval Blanc 2005 12 x 75 1 £3,850 £3,380 10/07/2014
Clinet 2005 12 x 75 3 £650
Clinet 2010 6 x 75 1 £480 £900 20/06/2014
Hosanna 2000 6 x 75 1 £650
Hosanna 2006 6 x 75 4 £420
Hosanna 2009 6 x 75 1 £1,090 £930 06/07/2014
Hosanna 2010 6 x 75 1 £575
L’Eglise Clinet 2009 6 x 75 2 £1,515 £1,515 02/07/2014
La Conseillante 2001 12 x 75 1 £875
La Conseillante 2009 12 x 75 1 £1,395 £1,400 17/07/2014
La Fleur Petrus 2010 6 x 75 2 £750 £760 20/02/2014
Lafleur 1990 6 x 75 1 £5,400
Lafleur 2009 6 x 75 1 £4,600
Le Gay 2005 12 x 75 2 £1,200
Le Pin 2004 6 x 75 1 £5,950 £5,700 20/03/2014
Le Pin 2005 3 x 150 9 £9,500 £9,500 16/06/2014
Le Tertre Roteboeuf 2004 12 x 75 2 £850
Le Tertre Roteboeuf 2006 6 x 75 1 £375
Le Tertre Roteboeuf 2008 12 x 75 1 £1,000
Le Tertre Roteboeuf 2009 6 x 75 4 £700
Pavie 2004 12 x 75 8 £1,600 £1,480 16/01/2014
Trotanoy 2008 6 x 75 2 £650
Vieux Chateau Certan 2009 6 x 75 1 £975

Hot Bids
Wine Vintage Format Qty Price Last Traded Date
Beychevelle 2006 12 x 75 10 £520 £520 11/02/2014
Beychevelle 2009 12 x 75 2 £520 £520 07/08/2014
Cheval Blanc 1998 12 x 75 2 £3,360 £3,150 22/10/2013
Cheval Blanc 2005 12 x 75 4 £3,400 £3,380 10/07/2014
Clinet 2010 12 x 75 1 £900 £900 27/06/2014
Cos d’Estournel 2003 12 x 75 1 £1,150 £1,150 05/08/2014
Ducru Beaucaillou 2002 12 x 75 1 £760 £755 14/10/2013
Ducru Beaucaillou 2004 12 x 75 1 £850 £750 20/06/2014
Ducru Beaucaillou 2007 12 x 75 10 £730 £750 24/12/2013
Ducru Beaucaillou 2009 12 x 75 1 £1,700 £1,700 01/08/2014
Ducru Beaucaillou 2009 3 x 150 1 £850 £850 01/08/2014
Duhart Milon 2008 12 x 75 5 £465 £450 16/07/2014
Duhart Milon 2009 6 x 75 1 £260 £255 06/08/2014
Grand Puy Lacoste 2006 12 x 75 1 £320 £320 20/06/2014
Guigal Cote Rotie Landonne 2009 3 x 75 1 £910 £910 09/05/2014
Haut Brion 2008 12 x 75 2 £2,250 £2,250 26/07/2014
Haut Brion 2008 6 x 75 1 £1,125 £1,125 26/07/2014
La Chapelle de la Mission Haut Brion 2007 12 x 75 2 £400
La Mission Haut Brion 2006 12 x 75 5 £1,300 £1,300 04/08/2014
La Mission Haut Brion 2008 6 x 75 1 £580 £580 08/07/2014
Lafite Rothschild 2001 12 x 75 1 £4,400 £4,430 23/07/2014
Lafite Rothschild 2006 12 x 75 1 £4,450 £4,460 29/07/2014
Leoville Barton 2000 12 x 75 5 £840 £800 04/04/2014
Leoville Barton 2006 12 x 75 2 £380 £400 17/10/2013
Leoville Las Cases 2000 12 x 75 5 £1,900 £1,900 07/05/2014
Leoville Poyferre 2006 12 x 75 2 £360 £360 20/06/2014
Leoville Poyferre 2009 3 x 75 1 £325 £325 04/08/2014
Malescot St Exupery 2004 12 x 75 1 £325 £325 13/06/2013
Margaux 2005 12 x 75 2 £4,500 £4,500 23/07/2014
Montrose 2009 6 x 75 1 £900 £895 25/07/2014
Mouton Rothschild 2002 12 x 75 2 £2,700 £2,700 04/08/2014
Mouton Rothschild 2006 12 x 75 2 £2,925 £2,925 07/08/2014
Mouton Rothschild 2007 12 x 75 3 £2,620 £2,530 04/07/2014
Palmer 2000 12 x 75 1 £1,850 £1,700 09/10/2013
Pontet Canet 2003 6 x 75 1 £355 £335 25/07/2014
Pontet Canet 2006 12 x 75 1 £555 £555 25/07/2014
Pontet Canet 2008 12 x 75 2 £510 £480 28/07/2014
Smith Haut Lafitte Rouge 2010 6 x 75 1 £400 £400 12/06/2014
Tenuta dell’Ornellaia Ornellaia 2004 6 x 75 1 £750 £750 10/12/2013
Tenuta San Guido Sassicaia 2007 12 x 75 5 £1,240 £1,240 18/03/2014

Have a great week.
 
Steve, Daniel, Simon & Jean

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