Bordeaux volumes rise significantly in January as Asia prepares for Chinese New Year

January has proved to be another bumper start to the year at Cavex with record volumes of trade on the exchange. As many sellers look to clear stocks they’re meeting very keen and willing buyers in Asia who are stocking up for Chinese New Year, which this year falls on Thursday the 19th of February. Shipping deadlines are upon us with the majority of final shipments due to exit the UK this week, save a few last minute purchases. As a seller, if you wish to relinquish stocks, this is the week to get the stock matched.

Since our last update, activity on the exchange has been electric with just shy of £1 million of positions placed in the last three weeks. Total positions amount to £6.5 million with bidding activity up 5% with over 4,100 cases now looking to be purchased. Bidders are keen to find stocks of Haut Brion, La Mission Haut Brion, Lafite Rothschild, Lynch Bages, Mouton Rothschild and Smith Haut Lafitte. Whilst Bordeaux has taken centre stage this month, buyers are equally on the look out for Domaines’ Dujac and Rousseau from Burgundy. If you hold stocks of any of these wines and are interested in selling, then please get in touch on trading@cavex.co.uk and we’ll happily provide bid information as required.

The next couple of weeks will be a good indicator to see if price stability has returned to the fine wine market or whether trading activity has purely been skewed by CNY demand. Whilst we have seen some noticeable price rises in the last three to five weeks, trades during the past seven days have shown that not all prices are rising. Noted fallers have been Ausone 1999 down 6.1% trading at £3,100 per 12, Clinet 2009 down 7.6% to £1,940 per 12, Mouton Rothschild 2009 down 3.2% to £4,350 and Lafite 2009 falling a further 2% trading at £5,980.

Mouton Rothschild 2005 has led the risers consistently since Parker revised his score in December from 96pts to 99+pts. Trading at £3,250 in August, cases are now exchanging at the £4k mark, a rise of 25%. Other 2005’s have also been trading solidly with First growths leading the way alongside well priced 2nd growths such as Montrose 2005 at £860 and stalwarts such as Lynch Bages 2005 trading at £950.

Will this optimism continue into February and March as we head towards EP 2014? The UK trade certainly are hoping for the former with an open letter to the Bordeaux Chateaux asking for sensible pricing. Bordeaux it’s over to you.

Offers
Wine Vintage Format Price Contract Qty Last Traded Date
Armailhac 2009 12 x 75 £310 A 5
Ausone 2000 12 x 75 £7,500 A 1 £10,750 04/10/13
Bellevue 2006 12 x 75 £260 A 2
Carruades de Lafite 2008 12 x 75 £1,550 A 3 £1,530 12/01/15
Chateauneuf du Pape Les Safres Clos du Caillou 2010 12 x 75 £265 A 3
Coppermine Road Cabernet Sauvignon D’Arenberg 2001 6 x 75 £120 A 8 £70 29/05/14
Echezeaux DRC 2005 6 x 75 £3,690 A 1
Grand Puy Lacoste 2006 12 x 75 £340 A 10 £320 12/06/14
Grand Puy Lacoste 2009 12 x 75 £475 A 11 £480 13/06/14
Haut Brion 2008 12 x 75 £2,500 A 1 £2,400 20/01/15
Haut Brion 2009 12 x 75 £5,300 A 8 £4,990 06/10/14
Haut Brion 2009 6 x 75 £2,660 A 1 £2,495 06/10/14
Haut Brion Blanc 2004 6 x 75 £2,500 A 2
L’Eglise Clinet 2010 6 x 75 £1,330 A 3
La Mission Haut Brion 2001 12 x 75 £1,400 A 3 £1,350 13/03/14
Lafite Rothschild 2009 12 x 75 £6,000 A 4 £5,980 22/01/15
Latour 2006 6 x 75 £1,700 A 1 £1,680 19/01/15
Le Pin 2002 6 x 75 £5,500 A 1
Masseto 2010 3 x 75 £1,095 A 4 £1,120 04/07/14
Nuits St Georges Murgers Meo Camuzet 2012 6 x 75 £575 A 1
Pape Clement 2008 12 x 75 £580 A 10
Pavie Macquin 2004 12 x 75 £500 A 8
Troplong Mondot 2006 12 x 75 £465 A 20
Vieux Chateau Certan 2002 12 x 75 £840 A 1
Vieux Chateau Certan 2006 6 x 75 £550 A 2

Bids              
               
Wine Vintage Format Price Contract Qty Last Traded Date
Ausone 2004 12 x 75 £3,050 A 1 £3,150 23/01/14
Bahans Haut Brion 2005 12 x 75 £540 A 2
Beychevelle 2006 12 x 75 £570 A 10 £575 11/12/14
Branaire Ducru 2006 12 x 75 £305 A 1 £320 25/07/14
Calon Segur 2005 12 x 75 £545 A 1 £500 28/10/14
Duhart Milon 2008 12 x 75 £470 A 7 £525 02/12/14
Duhart Milon 2009 12 x 75 £565 A 10 £570 22/12/14
Gevrey Chambertin VV Rossignol Trapet 2010 12 x 75 £225 A 1
La Mission Haut Brion 2001 12 x 75 £1,290 A 3 £1,350 12/03/14
La Mission Haut Brion 2009 12 x 75 £3,860 A 1 £3,875 18/12/14
Lafite Rothschild 2005 12 x 75 £5,500 A 1 £5,550 25/09/14
Leoville Las Cases 2006 12 x 75 £925 A 2 £950 11/01/15
Leoville Las Cases 2008 12 x 75 £895 A 5 £900 19/12/14
Leoville Poyferre 2004 12 x 75 £480 A 5 £475 30/05/14
Leoville Poyferre 2010 12 x 75 £750 A 1 £760 14/01/15
Malescot St Exupery 2009 12 x 75 £560 A 2
Montrose 2010 12 x 75 £1,505 A 1 £1,550 29/09/14
Moulin St Georges 2005 12 x 75 £320 A 2
Mouton Rothschild 2003 12 x 75 £3,120 A 2 £3,100 03/11/14
Mouton Rothschild 2004 12 x 75 £2,715 A 2 £2,705 03/12/14
Pichon Longueville Baron 2008 6 x 75 £305 A 10 £323 27/09/14
Pontet Canet 2004 12 x 75 £490 A 2 £460 04/11/14
Puligny Montrachet Louis Carillon 2007 12 x 75 £250 A 1
Reserve de la Comtesse 2009 12 x 75 £250 A 1
Ygrec d’Yquem 2007 6 x 75 £470 A 1

Enjoy your week.

Daniel, Jean, Simon, Steph & Steve

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.

Click here for Cavex Cru

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.

Click here for more details…

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 […]

Read more

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 […]

Read more