Bid value rises a further 10% as total positions climb to £5.8 million in a very positive week

The week has been a very positive one all round on the Cavex platform. Bidders have placed £500,000 of new positions, a rise of 10% from last week. Sellers have also been active placing £200,000 of new stock with total positions growing 7.3% to £5.8 million. A most healthy sign in the Cavex market place is the bid to offer ratio now at 1.93:1, showing signs of continuing strength in demand from buyers.

Trading data throughout the week has seen its fair share of green on the ticker. Biggest climber of week went to Chateau Latour 2008 at £3,300 up 3.1% since its previous trade in late July. Whilst Chateau Lafite Rothschild has been subject to declines more than most wines in the last three years, we’ve started to witness a slight climb in prices. Multiple vintages traded through the week with the 2002 at £4,500, up 1.6% since late July, the 2003 at £5,880, up 2.6% since early August and the 2006 at £4,470, up 0.4% since late August.

Equally affecting buying activity are the currency rates with the current referendum on Scottish Independence somewhat responsible for the weakening of Sterling last week. With debates hotting up over the weekend and the vote taking place this Thursday on the 18th of September, exporters could well look to increase their margins. Its worth keeping an eye out on those spreads in your active markets this week.

Latest hot offers this week see some varied wines from a variety of regions. Sellers are offering a good selection of Chateau Montrose from multiple vintages, two very well priced vintages of Ausone that are significantly under UK market price and some great drinking wines under £200 IB per case.

Buyers continue to seek well priced First Growths with Lafite and Mouton Rothschild leading the pack. Older vintages of these wines are currently back in demand. Also on the increase are bid prices for wines such as Beychevelle, Duhart Milon, Pavillon Rouge and Pontet Canet across multiple vintages. No doubt the strengthening FX rate of the HKD v GBP is helping raise prices on these wines.

With bids increasing in number and value week on week, now may be the time to ensure your portfolio is up to date and fully uploaded to the Cavex platform. Storing wines in our virtual portfolio system ensures we’re able to keep you informed of exciting bid and offer opportunities as they arise. Simply submit your cellar inventory (downloadable from your warehouse provider) through the template available in your account section or do not hesitate to send it to info@cavex.co.uk. We’d be pleased up load this for you.

 

Hot Offers
Wine Vintage Format Price Contract Qty Last Traded Date
Amadis Rotllan Torra 2001 6 x 75 £100 A 20
Ausone 1998 12 x 75 £3,350 C 3 £3,500 08/09/14
Ausone 2008 12 x 75 £3,750 A 2 £3,750 04/07/14
Beychevelle 2009 12 x 75 £560 A 3 £520 06/08/14
Bonnes Mares Comte Vogue 2008 6 x 75 £1,000 A 1 £930 12/09/14
Bonnes Mares Comte Vogue 2011 6 x 75 £1,425 A 1
Branaire Ducru 2009 12 x 75 £450 A 5
Cos d’Estournel 2006 12 x 75 £765 A 3
Cos d’Estournel 2009 12 x 75 £2,000 A 1 £1,970 12/03/14
Dominus Christian Moueix 2007 6 x 75 £550 A 2 £675 20/03/14
Ermitage Pavillon Chapoutier 2000 6 x 75 £695 A 1
Haut Brion 2002 12 x 75 £2,450 A 1 £2,320 24/12/13
Haut Brion 2007 3 x 75 £550 A 1 £540 06/08/14
Haut Brion 2008 12 x 75 £2,500 A 2 £2,250 26/07/14
La Confession 2004 12 x 75 £200 A 3
La Grand Rue Francois Lamarche 2009 6 x 75 £2,050 A 4
Lafite Rothschild 2005 12 x 75 £5,720 A 1 £5,400 20/08/14
Latour 2002 12 x 75 £3,395 A 1 £3,200 09/08/14
Latour 2004 12 x 75 £3,150 A 1 £3,100 08/09/14
Le Petit Mouton 2009 6 x 75 £570 A 1 £545 23/08/14
Lynch Bages 2009 12 x 75 £975 A 1 £975 25/02/14
Magdelaine 2010 12 x 75 £440 A 1
Margaux 2004 12 x 75 £2,700 A 1 £2,670 12/09/14
Margaux 2005 6 x 75 £2,350 A 1 £2,425 03/09/14
Margaux 2008 12 x 75 £2,685 A 1 £2,450 10/07/14
Montrose 2005 12 x 75 £820 A 1 £800 25/06/14
Montrose 2009 12 x 75 £1,900 A 1 £1,700 25/07/14
Montrose 2010 12 x 75 £1,600 A 9 £1,540 04/09/14
Montrose 2010 12 x 75 £1,600 A 10 £1,540 04/09/14
Mouton Rothschild 2005 12 x 75 £3,375 A 1 £3,250 19/08/14
Mouton Rothschild 2008 6 x 150 £2,600 A 2
Musigny Comte Vogue 2011 3 x 75 £950 A 2
Peby Faugeres 2005 12 x 75 £810 A 4
Richebourg DRC 2010 3 x 75 £3,100 A 1 £3,100 22/01/14
Segla 2009 12 x 75 £180 A 2
Tache DRC 2006 3 x 75 £3,900 A 1
Tache DRC 2010 1 x 150 £4,100 A 1
The Dead Arm Shiraz D’Arenberg 2005 6 x 75 £175 A 5
Tignanello IGT Antinori 2010 1 x 150 £100 A 12
Troplong Mondot 2010 12 x 75 £975 A 1

Hot Bids
Wine Vintage Format Price Contract Qty Last Traded Date
Angelus 2005 12 x 75 £2,200 A 1 £2,700 05/09/13
Ausone 2008 12 x 75 £3,600 A 1 £3,750 04/07/14
Beychevelle 2006 12 x 75 £540 A 5 £520 11/02/14
Beychevelle 2008 12 x 75 £520 A 17 £530 04/07/14
Calon Segur 2003 12 x 75 £610 A 10 £600 28/10/13
Cheval Blanc 2005 12 x 75 £3,600 A 1 £3,400 04/09/14
Clos Fourtet 2005 12 x 75 £1,050 A 10
Cos d’Estournel 2008 12 x 75 £650 A 1 £655 04/09/14
Ducru Beaucaillou 2004 12 x 75 £850 A 2 £850 20/08/14
Haut Brion 2008 12 x 75 £2,300 A 2 £2,250 26/07/14
Hosanna 2009 6 x 75 £900 A 1 £930 06/07/14
La Fleur Petrus 2007 12 x 75 £1,080 A 2
La Fleur Petrus 2008 12 x 75 £1,180 A 1 £1,230 15/04/14
Lafite Rothschild 1996 12 x 75 £6,750 C 3 £6,600 07/07/14
Lafite Rothschild 1998 12 x 75 £4,800 C 1 £4,810 20/08/14
Lafite Rothschild 1999 12 x 75 £4,750 A 1 £5,050 09/05/14
Lafleur 2004 6 x 75 £1,150 A 2 £1,090 18/08/14
Leoville Las Cases 2008 12 x 75 £880 A 2 £890 09/09/14
Les Forts de Latour 2005 12 x 75 £1,300 A 10 £1,350 26/08/14
Margaux 1996 12 x 75 £3,750 C 1 £3,710 20/08/14
Montrose 2003 12 x 75 £1,410 A 3 £1,430 01/09/14
Montrose 2006 12 x 75 £505 A 2 £500 31/07/14
Mouton Rothschild 2000 6 x 75 £5,350 A 1 £5,200 05/07/14
Mouton Rothschild 2003 12 x 75 £3,005 A 1 £2,990 04/09/14
Mouton Rothschild 2003 12 x 75 £3,000 A 5 £2,990 04/09/14
Pavie 2003 12 x 75 £1,900 A 1 £1,850 28/07/14
Pavillon Rouge 2003 12 x 75 £960 A 5 £995 29/08/14
Pavillon Rouge 2005 12 x 75 £950 A 3 £970 09/06/14
Pavillon Rouge 2006 12 x 75 £900 A 10 £910 06/09/13
Pavillon Rouge 2008 12 x 75 £910 A 10 £890 21/03/14
Pichon Longueville Baron 2005 12 x 75 £800 A 1 £845 09/09/14
Pontet Canet 2003 6 x 75 £355 A 1 £335 24/07/14
Pontet Canet 2006 12 x 75 £525 A 2 £555 25/07/14
Pontet Canet 2008 12 x 75 £555 A 1 £550 04/09/14

Enjoy your week.

Steve, Daniel, Simon & Jean

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