Bordeaux 2005’s rise in demand as overall volumes fall in February

Following enthusiastic trading in January it was no surprise to witness a slight fall in trade in early February as we reached cut off for UK exports. As focus changes in Asia from stocking up, to selling through all new purchases, the Cavex exchange saw a dip of 1.7% in total value and a smaller dip of 1% in overall positions. Total value of exchange positions remains above the £6million mark with the bid to offer ratio now at 2.26:1.

Bordeaux took the lion’s share of trade throughout the week with increased activity in the 2005 vintage. Strong bids have been placed for a multitude of Chateaux with most notable trades seeing significant increases for Calon Segur 2005 up 20% from October to £600 per 12, Latour 2005 up 7% from August trading at £6,150 per 12 and Pontet Canet 2005 trading at £930 up 9.4% since November. Cheval Blanc 2007 was the only wine outside of 2005 that posted a double digit rise trading at £2,780 up 13.9% since November last year.

Whilst Mouton Rothschild has been the “in-demand” wine recently, it was interesting to see the 2006 take a small dip of 2.6% since early January. Bid values appear to be increasing across all vintages, but will the rally continue throughout the year of the Ram?

For this week’s Hot Stock offers we’re focusing on some great Burgundies that we feel have been overlooked in recent weeks as the Asia/Bordeaux machine has been at full throttle. With such great wines on offer from Domaines’ such as Cathiard, Drouhin, Ponsot and Prieur it’s really worth taking a look at what is available. Hot Bids remain firmly centered in Bordeaux, with the 2005’s most prominent, however with strong bids still up for big names post Chinese New Year demand there remains plenty of selling opportunities. The full list of live bids can be downloaded below and it’s always worth taking a look.

Offers
Wine Vintage Format Price Contract Qty Last Traded Date
Ausone 2000 12 x 75 £7,500 A 1 £10,750 04/10/13
Ausone 2008 12 x 75 £3,500 A 1 £3,750 04/07/14
Bonnes Mares Comte Vogue 2005 3 x 75 £1,050 A 1
Bonnes Mares Comte Vogue 2008 6 x 75 £1,000 A 1
Chambertin Nicolas Potel 2002 12 x 75 £1,300 A 1
Charmes Chambertin Ponsot 2010 6 x 75 £1,150 A 1
Clos Vougeot Ponsot 2010 6 x 75 £1,600 A 1
Echezeaux DRC 2005 6 x 75 £3,800 A 1 £3,690 27/01/15
Grand Puy Lacoste 2006 12 x 75 £340 A 10 £320 20/06/14
Grande Rue Francois Lamarche 2010 6 x 75 £2,400 A 2
Grands Echezeaux DRC 2002 3 x 75 £2,100 A 1
Griotte Chambertin Ponsot 2012 6 x 75 £1,350 A 1
Haut Brion 2008 12 x 75 £2,420 A 2 £2,400 20/01/15
Lafite Rothschild 1999 12 x 75 £4,800 C 1 £5.05 09/05/14
Latour 2002 12 x 75 £3,150 A 1 £3,200 16/01/15
Musigny Comte Vogue 2008 12 x 75 £3,900 A 1
Musigny Jacques Prieur 2008 6 x 75 £1,450 A 1
Musigny Joseph Drouhin 2004 6 x 75 £1,150 A 1
Nuits St Georges Murgers Meo Camuzet 1999 12 x 75 £1,600 C 1
Palmer 2003 12 x 75 £1,100 A 1
Rauzan Segla 2006 12 x 75 £385 A 2
Vosne Romanee Beaux Monts Dujac 2009 6 x 75 £900 A 2
Vosne Romanee Chaumes Francois Lamarche 2009 12 x 75 £535 A 2
Vosne Romanee Malconsorts Sylvian Cathiard 2012 6 x 75 £1,845 A 1

Bids
Wine Vintage Format Price Contract Qty Last Traded Date
Calon Segur 2005 12 x 75 £590 A 5 £600 03/02/15
Clerc Milon 2009 12 x 75 £440 A 5 £415 30/06/14
Cos d’Estournel 2004 12 x 75 £645 A 5
Cos d’Estournel 2005 12 x 75 £1,255 A 5 £1,150 06/10/14
Duhart Milon 2005 12 x 75 £550 A 5 £555 20/11/14
Duhart Milon 2009 12 x 75 £560 A 10 £585 04/02/14
Grand Puy Lacoste 2006 12 x 75 £320 A 10 £320 20/06/14
La Mission Haut Brion 2009 12 x 75 £3,850 A 1 £3,875 18/12/14
Le Petit Mouton 2009 12 x 75 £1,100 A 10 £1,140 23/01/15
Leoville Las Cases 2004 12 x 75 £915 A 2 £925 15/01/15
Leoville Las Cases 2006 12 x 75 £925 A 2 £950 11/01/15
Leoville Las Cases 2008 12 x 75 £900 A 2 £900 19/12/15
Montrose 2005 12 x 75 £855 A 20 £860 21/01/15
Montrose 2008 12 x 75 £500 A 1 £500 04/12/14
Montrose 2010 12 x 75 £1,505 A 1 £1,550 29/09/14
Mouton Rothschild 2003 12 x 75 £3,120 A 2 £3,100 03/11/14
Palmer 2003 12 x 75 £1,010 A 3
Palmer 2010 12 x 75 £2,125 A 1
Pichon Longueville Baron 2000 12 x 75 £1,385 A 2 £1,350 21/10/14
Sassicaia 2009 12 x 75 £955 A 13 £1,000 23/04/14
Sassicaia 2010 12 x 75 £950 A 4 £1,020 21/12/14

Enjoy your week.

Daniel, Jean, Simon, Steph & Steve

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