Bordeaux back with a bang. Prices continuing to drift, or are they?

Trading on Cavex this past week has seen Bordeaux wines account for 95% of the deals matched. The current trend continues with prices softening a little further, but there are noticeably a few wines holding firm. A question that is repeatedly asked by our members is, “How long will this softening of prices continue?” A very tough call for any wine soothsayer these days, but all we can state is the continuing figures that trade through Cavex that show the actual picture.

Trades grew in pace as the week progressed with Pavie 2009 regularly being matched at £2475, remaining flat since previous trading in January. Pontet Canet 2009 has also started to move consistently around the £1475-£1480 mark. La Fleur Petrus 2009 and 2010 had a flurry of trades race through at £760 (6) for both vintages and Montrose 2003 had a brace of trades at £1440, up 2.85% since its last traded mark in January. The most interesting trend to emerge this week  appears to be Mouton Rothschild stabilising, with the 2008 now consistently trading at the £3000 mark with bids in reserve at this price. The 2003 has traded 1.62% up since late January, whilst the 2000 vintage, which has recently been attracting the most attention in the fine wine market, is now bid at £9850 up almost 2%, also from mid January.

Both bid and offer positions grew this week with £350,000 worth of new additions placed. The offers saw most improvement taking the total offers position to just over £1.8million, spread over 2065 cases.

There have been some very keenly priced wines offered so do take a look at the new stock offered for sale via the below links, clearly highlighted and easily filtered to enable quick searches. Wines such as Bonnes Mares Roumier 1999 6 x 75 at £5,000, 9 cases of Bourgogne Rouge Meo Camuzet 2010 12 x 75 at £200 and 16 cases of Grand Veneur CNDP 2010 6 x 75 at £95 are surely worth a bid.

Hot Bids
Wine Vintage Format  Qty  Price Last Traded Date
Forts de Latour 2001 12 x 75 1 £1,400
Forts de Latour 2009 12 x 75 10 £1,320 £1,330 21-Feb
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
Lafite 2003 12 x 75 1 £6,650 £6,650 29-Jan
Lafite 2008 6 x 75 1 £2,800 £2,650 07-Jan
Latour 2006 12 x 75 4 £3,600 £3,600 07-Feb
Latour 2008 12 x 75 1 £3,700 £4,200 24-Oct
Le Petit Mouton 2006 6 x 75 20 £520 £520 10-Feb
Le Petit Mouton 2009 6 x 75 20 £520 £525 07-Feb
Mouton 2000 12 x 75 4 £9,710 £9,680 14-Jan
Mouton 2001 12 x 75 1 £2,760 £2,760 13-May
Mouton 2004 12 x 75 1 £2,850 £2,850 30-Jan
Mouton 2008 12 x 75 3 £3,000 £3,000 19-Feb
Rauzan Segla 2009 12 x 75 1 £780 £800 20-Dec

Hot Offers
Wine Vintage Format  Qty  Price Last Traded Date
Comte de Vogue Musigny 2006 6 x 75 1 £2,130
Cos d’Estournel 2009 12 x 75 1 £2,000 £2,000 12-Feb
Duhart Milon 2005 12 x 75 2 £590 £590 19-Feb
Forts de Latour 2009 12 x 75 5 £1,380 £1,350 14-Nov
Hudelot Noellat Romanee St Vivant 2006 6 x 75 1 £1,300
L’Eglise Clinet 2006 12 x 75 1 £1,300 £1,580 30-Jul
La Mission Haut Brion 2005 12 x 75 2 £3,250 £3,300 15-Sep
La Mission Haut Brion 2006 12 x 75 3 £1,400 £1,440 15-Jan
Lafite 1996 12 x 75 1 £7,950
Lafite 1998 6 x 75 1 £2,750 £2,825 01-Oct
Latour 2005 12 x 75 1 £6,500 £7,250 06-Sep
Latour 2008 12 x 75 1 £3,950 £4,200 24-Oct
Le Pin 2008 6 x 75 2 £5,300
Le Pin 2010 3 x 75 1 £6,500
Leflaive Batard Montrachet 2008 3 x 150 1 £1,300
Leflaive Puligny Montrachet Combettes 2006 6 x 75 1 £510
Leflaive Puligny Montrachet Pucelles 2006 6 x 75 1 £620 £600 04-Oct
Leoville Lascases 2009 12 x 75 2 £1,650
Margaux 1996 6 x 75 1 £2,175 £2,200 02-Oct
Mouton Rothschild 2002 12 x 75 1 £2,870 £2,820 08-Nov
Mouton Rothschild 2006 6 x 75 2 £1,690 £1,700 30-Jan
Roumier Bonnes Mares 1999 6 x 75 1 £5,000

We are still 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

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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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