Market activity on the Cavex platform has been on a softening trajectory over the past seven days with a noticeable dip in bidding activity. The country is suffering from a barrage of terrible weather and it appears that buyers and sellers in the fine wine market are battening down the hatches in similar style to UK residents.
With Chinese New Year behind us, bidding activity has slowed further this week. Many non UK buyers are citing that the strong sterling rate is affecting their spending patterns. There have been 74 new cases added for the week with buyers noticeably looking for Chateau Beychevelle across vintages 2006 to 2010 around the £500 to £520 mark. If you have stock to offer, please do get in touch as we have willing buyers looking for good parcels.
Sellers this week have been been more active, but as our members will see from the ticker activity there is far more red than in previous weeks. Noticeable trades of the week were Margaux 2003 at £3600 (12) down 11.7% from it’s last traded price back in October.
Chateau Cos d’Estournel 2009 fell 4.8% to £2000 (12), whilst the most heavily traded product through Cavex since we launched, Petit Mouton 2009, has found a level at £1050 per dozen, with plenty of demand still visible at this price.
Lynch Bages 2006 at £735 (12) and Domaine Romanee Conti’s La Tache 2004 at £3300 (3) bucked the trend from this week’s trade highlights, both with positive climbs of 3.5% and 2.8% respectively.
What will the coming week bring? Continued softening of prices across Bordeaux, whilst Burgundy, Italy and Champagne continue to hold their ground? Whatever the weather brings we’re in for a stormy ride.
|Batailley||2009||12 x 75||2||£290||£290||16-Sep|
|Beychevelle||2007||12 x 75||10||£520||£520||11-Feb|
|Beychevelle||2008||12 x 75||20||£520||£520||30-Jan|
|Cheval Blanc||1998||12 x 75||1||£3,500||£3,150||22-Oct|
|Cos d’Estournel||2007||12 x 75||20||£630||–||–|
|Cos d’Estournel||2009||6 x 75||2||£1,000||£1,000||12-Feb|
|DRC Tache||2007||6 x 75||1||£7,200||£7,000||01-Feb|
|Forts de Latour||2009||12 x 75||10||£1,320||£1,350||14-Nov|
|Grand Puy Lacoste||2006||12 x 75||9||£300||£300||02-Jan|
|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 Rothschild||2003||12 x 75||1||£6,650||£6,650||29-Jan|
|Lafite Rothschild||2008||6 x 75||1||£2,800||£2,650||07-Jan|
|Latour||2006||12 x 75||4||£3,600||£3,600||07-Feb|
|Le Petit Mouton||2006||6 x 75||1||£520||£520||10-Feb|
|Le Petit Mouton||2009||6 x 75||2||£525||£525||07-Feb|
|Leoville Barton||2003||12 x 75||1||£680||£685||08-Nov|
|Leoville Barton||2005||12 x 75||1||£610||£620||08-Nov|
|Leoville Barton||2008||12 x 75||10||£380||£380||02-Jan|
|Leoville Las Cases||2007||6 x 75||10||£450||–||–|
|Leoville Las Cases||2008||12 x 75||2||£910||£920||20-Jan|
|Leoville Poyferre||2007||12 x 75||30||£365||–||–|
|Lynch Bages||2007||12 x 75||1||£680||£680||05-Sep|
|Malescot St Exupery||2004||12 x 75||1||£325||£325||13-Jun|
|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||£9,710||£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||£2,850||30-Jan|
|Pavillon Rouge||2000||12 x 75||10||£1,300||£1,340||14-Aug|
|Pavillon Rouge||2006||12 x 75||5||£900||£910||06-Sep|
|Pavillon Rouge||2009||12 x 75||2||£920||£930||07-Feb|
|Pichon Lalande||2003||12 x 75||50||£970||£1,000||21-Nov|
|Pontet Canet||2008||12 x 75||1||£580||£580||28-Jan|
|Ornellaia||2004||6 x 75||1||£750||£750||10-Dec|
|Troplong Mondot||2005||12 x 75||2||£1,500||£1,500||02-May|
|Armand Rousseau Chambertin||2001||6 x 150||1||£7,325||–||–|
|Clos St Jean CNDP Ex Machina||2007||6 x 75||1||£1,800||–||–|
|Comte Vogue Musigny||2006||6 x 75||3||£2,130||–||–|
|Dominus||2009||6 x 75||1||£500||–||–|
|DRC Tache||2005||3 x 75||1||£8,250||–||–|
|DRC Tache||2007||6 x 75||1||£7,280||£7,000||01-Feb|
|Forts de Latour||2010||12 x 75||1||£1,550||£1,630||23-Sep|
|Hudelot Noellat RSV||2006||6 x 75||1||£1,300||–|
|Joseph Drouhin Clos de Beze||2010||6 x 75||1||£1,240||–||–|
|Joseph Roty Gevrey Chambertin||2010||12 x 75||1||£295||–||–|
|Joseph Roty Gevrey Chambertin Champs Chenys||2009||12 x 75||1||£300||–||–|
|La Fleur Petrus||2009||6 x 75||1||£800||£815||05-Apr|
|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|
|Latour||2005||12 x 75||1||£7,100||£7,250||06-Sep|
|Leflaive Puligny Montrachet Clavoillon||2009||12 x 75||1||£750||–||–|
|Leflaive Puligny Montrachet Combettes||2006||6 x 75||1||£510||–||–|
|Leflaive Puligny Montrachet Folatieres||2009||6 x 75||1||£530||–||–|
|Leflaive Puligny Montrachet Pucelles||2006||6 x 75||1||£620||£600||04-Oct|
|Mouton Rothschild||2005||12 x 75||2||£3,900||£4,080||04-Oct|
|Mouton Rothschild||2006||12 x 75||1||£3,400||£3,400||30-Jan|
|Mouton Rothschild||2009||6 x 75||1||£2,500||£2,500||09-Jan|
|Pavie||2009||12 x 75||3||£2,500||£2,600||21-Jun|
|Pichon Baron||2003||12 x 75||1||£940||£940||15-Jun|
|Pontet Canet||2009||6 x 75||1||£750||£750||06-Dec|
|Pontet Canet||2010||6 x 75||1||£700||£695||04-Feb|
|Screaming Eagle||2009||3 x 75||1||£3,650||–||–|
|Trapet Latricieres Chambertin||2010||6 x 75||1||£675||–||–|
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 email@example.com with your portfolio listing and we would be happy to assist where possible.
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.
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.
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 […]
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 […]