Bids exceed Offers on Cavex for the first time as they hit £1.9million

Firstly we would like to wish all our Asian members a very Happy Chinese New Year. May the year of the Horse bring much happiness, prosperity and longevity throughout.

The past week has seen buyers placing £180,000 worth of bids raising the total value above the offer value for the first time since Cavex started in April 2013. Live bids now amount to £1.93 million, spread over 1407 cases which is a rise of 3.65%.

New bids placed over the seven day period takes the total live positions to £3.8 million. There are now over 860 active markets.

Trading has been exceptionally Bordeaux focussed this week with Lafite hitting the top spot with a variety of vintages trading. Highlights from these are: 2003 at £6,650; 2004 at £5,200; 2007 at £5,200 and 2009 at £6550 all trading down on their previous price.

Burgundy, taking a back seat, did have a little flurry of trade with DRC La Tache 2004 at £3300 (3), DRC Echezeaux 2006 at £1400 (3) and Hudellot Noellat RSV 2008 at £1200 (6). These latest trades can always be viewed on the link here

Hot bids this week highlight that buyers are in seach of more of the same from recent trades with most members placing identical or slightly higher bids for wines recently traded. Beychevelle, Haut Brion, Lafite, Leoville Barton, Montrose, Mouton all being sought in quantity.

Hot offers demonstrate a mixture of left and right bank Bordeaux. Pavie 2003 at £1900 and 2009 at £2500 for fours cases is a very good deal indeed! As well as Grand Puy Lacoste 2008 at £50 under last traded price and eight cases of Penfolds St Henri Shiraz 2008 at £225.

Hot Bids
Wine Vintage Format Qty Price Last Traded Date
Batailley 2009 12 x 75 2 £290 £290 16-Sep
Beychevelle 2008 12 x 75 20 £520 £520 30-Jan
Carruades de Lafite 2009 12 x 75 7 £1,580 £1,580 28-Jan
Grand Puy Lacoste 2006 12 x 75 9 £300 £300 02-Jan
Haut Brion 1996 12 x 75 1 £2,750 £2,750 14-May
Haut Brion 2000 3 x 150 1 £2,750 £2,500 03-Dec
Haut Brion 2004 12 x 75 1 £2,450 £2,400 28-Nov
Haut Brion 2010 12 x 75 1 £5,400 £5,400 02-Jan
Haut Brion 2010 6 x 75 1 £2,700 £2,700 02-Jan
Lafite Rothschild 2003 12 x 75 1 £6,650 £6,650 29-Jan
Lafite Rothschild 2006 12 x 75 2 £5,100 £5,100 23-Jan
Lafite Rothschild 2008 6 x 75 1 £2,800 £2,650 07-Jan
Leoville Barton 2008 12 x 75 10 £380 £380 02-Jan
Leoville Poyferre 2008 12 x 75 1 £450 £450 18-Nov
Lynch Bages 2006 12 x 75 4 £735 £710 14-Oct
Lynch Bages 2007 12 x 75 1 £680 £680 05-Sep
Malescot St Exupery 2004 12 x 75 1 £325 £325 13-Jun
Margaux 2008 12 x 75 1 £2,800 £2,700 26-Nov
Montrose 2003 12 x 75 10 £1,440 £1,400 04-Dec
Montrose 2010 12 x 75 2 £1,350 £1,350 28-Jan
Mouton Rothschild 2000 12 x 75 4 £9,700 £9,680 14-Jan
Mouton Rothschild 2001 12 x 75 1 £2,760 £2,760 13-May
Mouton Rothschild 2004 12 x 75 1 £2,850 £2,825 30-Jan
Mouton Rothschild 2009 6 x 75 1 £2,600 £2,500 09-Jan
Pavillon Rouge 2010 12 x 75 4 £930 £930 30-Oct
Pichon Lalande 2000 12 x 75 1 £1,550 £1,500 28-May
Pichon Lalande 2003 12 x 75 4 £1,000 £1,000 21-Nov
Troplong Mondot 2005 12 x 75 2 £1,500 £1,500 02-May

Hot Offers
Wine Vintage Format Qty Price Last Traded Date
Chapelle de la Mission Haut Brion 2009 12 x 75 5 £400
Clos Fourtet 2009 12 x 75 2 £1,990 £1,995 18-Nov
Comte de Vogue Musigny 2006 6 x 75 3 £2,130
DRC Richebourg 2006 3 x 75 1 £2,100 £2,010 19-Dec
DRC Richebourg 2008 3 x 75 1 £2,250
DRC Romanee St Vivant 2003 3 x 75 1 £2,250
Forts de Latour 2010 12 x 75 3 £1,550 £1,630 23-Sep
Grand Puy Lacoste 2008 12 x 75 3 £250 £300 12-Jun
Haut Brion 1996 12 x 75 1 £2,975 £2,750 14-May
Haut Brion 2010 12 x 75 1 £5,590 £5,400 02-Jan
Il Poggione Brunello di Montalcino 2004 6 x 75 1 £170 £175 16-Aug
La Mission Haut Brion 2005 12 x 75 2 £3,250 £3,300 15-Sep
La Mission Haut Brion 2006 12 x 75 2 £1,440 £1,440 15-Jan
Lafite 1996 12 x 75 1 £8,295
Latour 2005 12 x 75 1 £7,100 £7,250 06-Sep
Latour 2006 12 x 75 1 £3,650 £3,650 29-Jan
Margaux 2004 12 x 75 1 £2,775 £2,790 17-Jan
Montrose 2009 12 x 75 2 £2,100 £2,100 14-Nov
Mouton Rothschild 2004 6 x 75 2 £1,690 £1,425 30-Jan
Mouton Rothschild 2005 12 x 75 2 £3,900 £4,080 04-Oct
Palmer 2005 12 x 75 1 £1,775 £1,820 10-Jan
Pavie 2003 12 x 75 1 £1,900
Pavie 2009 12 x 75 4 £2,500 £2,600 21-Jun
Penfolds St Henri Shiraz 2008 6 x 75 8 £225 £230 18-Sep
Pichon Baron 2003 12 x 75 1 £940 £940 15-Jun
Sassicaia 2007 6 x 75 3 £670
Talbot 2009 12 x 75 7 £375 £375 21-Nov

We are currently looking out for large cellar collections on behalf of some of our new members. If you have significant holdings of Bordeaux, Burgundy, Champagne, Italian, Rhone and USA wines, and you would like to move these easily in batch parcels, then do get in touch. Please email us at trading@cavex.co.uk with your portfolio listing and we would be happy to assist where possible.

Best Wishes

Steve, Daniel, Simon & Jean

CaveX Cru is our newly launched service offering members of CaveX the opportunity to buy exclusive parcels of affordable fine wines for everyday drinking.

No need to worry about in-bond, duty-paid, VAT or delivery. We just find great wines from some of the world’s top producers that are drinking perfectly now – all delivered direct to your door.

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The Portfolio Management Partnership

More than ever, keeping a handle on what’s in your portfolio, its provenance, and its value is crucial to maintaining the integrity of your investment wines in-bond. Easy if you have a handful of cases and time on your hands. Not so easy if your collection is significant or you aim to invest more.

This is the reason we are launching our Portfolio Management Partnership service. Working with a trusted partner with over 30 years of experience in the fine wine business, this service will help you manage your portfolio, guide you on future investments, allow you to trade in only topflight investment wines and most importantly offer you access to one of the most secure wine storage services available to date.

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External Service Providers

The Davies Turner Fine Wine team offers consultancy in meeting your individual requirements, building long-term partnerships with their clients, suppliers and partners worldwide. Founded in 1870 and still remaining in private ownership, they have over 140 years experience in freight forwarding being the UK’s leading independent freight and logistics provider. They have become the largest […]

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Connoisseur International is a specialist global provider of logistical solutions concerning wines and spirits based in London. They provide a variety of services including worldwide door to door export and import air freight, express courier, refrigerated ocean and road services. Collections are available on a daily basis utilising their own fleet of vehicles from all UK bonded […]

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