Bidding activity grows in an active week that was not all about First Growths

Activity through this last week has been thick and fast at Cavex with bid and offer notifications passing between members at its highest level since January. Are we seeing the market return to a place where prices are once more at interesting levels for a wider range of buyers? Or is this the storm before the calm of the summer holidays? Most apparent however, is that bidders have been the stronger party throughout the last seven days with an increase of 2.4% in overall bidding activity and total bid value climbing to £1.85 million. This increase has seen the bid to offer ratio continue to escalate to 0.89:1 which is a pleasing sign.

However, sellers have also been very active this week with some great parcels of wines offered. They too helped overall position value grow slightly by 1.2% over the seven day period since our last update. As offers kept being placed, buyers were steadily picking up great deals with a large Chateau Lafite parcel moving through for 2001 at £4,430, 2003 at £4,430, 2003 at £5,730, 2004 at £4,450, 2005 at £5,385 and the 2006 at £4,430. Whilst Lafite prices have been continuing to soften, demand is still noticeable, albeit at the right price.

Unlike the previous week’s trading activity, it’s not been all about the Bordeaux First Growth market. We’ve seen bidders picking up a variety of Bordeaux wines across all levels.

Most notable trades were Cos d’Estournel 2003 trading at £1,150, down 11.5% since December. Leoville Barton 2005 traded at £570, down 12.3% since May, and Montrose 2008 took a heavy fall of 19.8% since February to £445 per 12 whilst the 2009 faired slight better trading at £1,790, down 6.8% since the end of May.

It was equally satisfying to see a few members responding to the weekly update with the Mouton Rothschild 1998 trading at £1,505 per 6 and the Rhone Tardieu Laurent’s CNDP 09’s at £230 per 12 also being picked up. Two very well priced wines that were worth acquiring.

This week’s Hot Bid highlights feature strong bid levels for Beychevelle 2005, 2006, 2007 and 2008, Clos Fourtet 2005 and 2009, Ducru Beaucaillou in lesser vintages as well as Duhart Milon.

Sellers this week are looking for willing bidders to snap up some great parcels on offer of Comte de Vogues’ Bonnes Mares 2005 to 2011 and Le Musigny 2009, 2010 and 2011 all at the UK market’s lowest price by some way. There’s also a trio of Hosanna vintages from 2000, 2006 and 2010. At a keen price and whilst the 2010 matures in the cellar, the former vintages should make for most enjoyable drinking.

 

Hot Offers
Wine  Vintage Format Qty Offer Last Traded Date
Ausone 2008 12 x 75 2 £3,750 £3,750 04/07/14
BeausejourDuffau Lagarosse 2009 6 x 75 2 £1,390
Bonnes Mares Comte Vogue 2005 3 x 75 1 £1,050
Bonnes Mares Comte Vogue 2008 12 x 75 1 £2,000
Bonnes Mares Comte Vogue 2008 6 x 75 1 £1,000
Bonnes Mares Comte Vogue 2011 6 x 75 1 £1,425
Christian Moueix Napanook 2010 12 x 75 2 £370
Domenico Cerico Barolo Ciabot Mentin Ginestra 2001 6 x 75 1 £230
Drouhin Laroze Bonnes Mares 2006 6 x 150 1 £860
Echezeaux DRC 2010 3 x 75 1 £1,700 £1,675 22/01/14
Echezeaux DRC 2010 6 x 75 1 £3,400
Grand Puy Lacoste 2010 12 x 75 9 £520 £520 23/05/14
Grands Echezeaux DRC 2004 6 x 75 1 £3,300 £3,100 08/04/14
Gruaud Larose 1996 6 x 150 1 £600
Guigal Turque 2005 12 x 75 1 £3,700
Henri Boillot Pommard Rugiens 2009 12 x 75 1 £510
Henri Boillot Puligny Montrachet Perriers 2010 12 x 75 2 £495
Henri Boillot Volnay Freimiets 2009 12 x 75 2 £375
Henri Boillot Volnay Freimiets 2010 12 x 75 1 £385
Hosanna 2000 6 x 75 1 £650
Hosanna 2006 6 x 75 4 £420
Hosanna 2010 6 x 75 1 £575
La Chapelle de la Mission Haut Brion 2007 12 x 75 15 £425
La Fleur Petrus 2010 6 x 75 2 £750 £760 20/02/14
Latour 2002 12 x 75 2 £3,250 £3,230 24/07/14
Leoville Barton 2005 12 x 75 1 £640 £650 02/05/14
Leoville Barton 2009 12 x 75 4 £575 £640 12/04/14
Lynch Bages 2006 12 x 75 10 £725 £720 24/04/14
Magdelaine 2004 12 x 75 1 £450
Margaux 2005 12 x 75 4 £4,455 £4,500 23/07/14
Mazis Chambertin Domaine Faiveley 2010 6 x 75 3 £570
Montrose 2000 12 x 75 3 £1,050 £1,015 27/06/14
Montrose 2005 12 x 75 10 £835 £800 25/06/14
Montrose 2006 12 x 75 1 £530 £530 08/07/14
Mouton Rothschild 2005 12 x 75 1 £3,290 £3,400 11/07/14
Musigny Comte Vogue 2009 6 x 75 1 £2,750
Musigny Comte Vogue 2010 3 x 75 1 £1,350
Musigny Comte Vogue 2011 3 x 75 2 £950
Pegau Chateauneuf du Papes Cuvee Laurence 2008 12 x 75 5 £455
Pichon Baron 2009 12 x 75 2 £990 £1,050 19/05/14
Pontet Canet 2010 12 x 75 1 £1,180 £1,350 30/04/14
Rene Rostaing Cote Rotie Classique Ampodium 2006 12 x 75 1 £300
Rene Rostaing Cote Rotie Landonne 2011 6 x 75 5 £295
Romanee St Vivant DRC 2004 3 x 75 1 £1,700

Smith Haut Lafitte Rouge 2009 12 x 75 1 £1,370
Tardieu Laurent Chateauneuf du Pape VV 2009 12 x 75 3 £230 £230 24/07/14
Tenuta dell’Ornellaia Ornellaia 2008 6 x 75 1 £660 £660 28/11/14
Troplong Mondot 2010 12 x 75 1 £975

 

Hot Bids
Wine  Vintage Format Qty Bid Last Traded Date
Batailley 1998 12 x 75 2 £300
Batailley 2004 12 x 75 7 £280 £300 04/11/13
Batailley 2009 12 x 75 1 £285 £290 16/09/13
Beaumont 2009 12 x 75 1 £100
Beychevelle 2005 12 x 75 8 £630 £660 24/07/14
Beychevelle 2006 12 x 75 10 £550 £520 11/02/14
Beychevelle 2007 12 x 75 20 £520 £540 04/07/14
Beychevelle 2008 12 x 75 17 £520 £530 04/07/14
Clinet 2010 12 x 75 1 £900 £900 27/06/14
Clos Fourtet 2005 12 x 75 10 £1,050 £1,100 02/05/14
Clos Fourtet 2009 12 x 75 2 £1,875 £1,990 31/01/14
Ducru Beaucaillou 2002 12 x 75 1 £760 £755 14/10/13
Ducru Beaucaillou 2004 12 x 75 1 £850 £750 20/06/14
Ducru Beaucaillou 2007 12 x 75 10 £730 £750 24/12/13
Duhart Milon 2008 12 x 75 10 £460 £450 16/07/14
Forts de Latour 2001 12 x 75 1 £1,400
Grand Puy Lacoste 2005 12 x 75 5 £560
Henschke Mount Edelstone Shiraz 2002 12 x 75 2 £400
Jaboulet Hermitage La Chapelle 2010 6 x 75 4 £480
La Dame Montrose 2000 12 x 75 1 £315
La Dame Montrose 2009 12 x 75 3 £290
Leoville Barton 2000 12 x 75 5 £820 £800 04/04/14
Leoville Barton 2006 12 x 75 2 £380 £400 17/10/13
Leoville Las Cases 2008 12 x 75 2 £860 £850 22/04/14
Malescot St Exupery 2004 12 x 75 1 £325 £325 13/06/13
Pontet Canet 2003 12 x 75 1 £670 £670 07/02/14
Pontet Canet 2003 6 x 75 1 £335 £335 07/02/14
Smith Haut Lafitte Rouge 2010 6 x 75 1 £400 £400 12/06/14
Torbreck The Factor 2002 6 x 75 3 £300

Enjoy the week ahead

Steve, Daniel, Simon & Jean.

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