Cavex Hits the £11million Mark – Month One Update

Our first month of trading has been completed and it has been a very pleasing month all round. We would like to thank all our members for their support and the valued feedback is most appreciated as we continue to build and grow at an increasing pace. Our members are happily enjoying a greater cash return on their sales with faster settlement at a price they are setting themselves. Bid and offer notifications are moving between members smoothly, keeping both sides of the trade informed of their live positions at all times. Our members are certainly finding out that there is no better way to sell their wines for such low commission of 3% to a global audience.

The statistics for month one are as follows:

  • Total value of member portfolios under system management – £11 million
  • Total value of live offers – £800,000 with 1009 cases for sale
  • Total value of live bids – £255,000 with 233 cases looking to be purchased
  • 86 live spreads currently in the market place
  • Average price of a case sold – £1145 IB (12 x 75cl)
  • Highest value case sold – Mouton Rothschild 2000 12 x 75cl at £9300 IB
  • Lowest value case sold – Oliver’s Taranga Estate Shiraz 2004 12 x 75cl at £100 IB
  • Average settlement with cash paid to the seller – 18 days
  • Fastest settlement with cash paid to the seller  – 7 days

 

If you have any questions with regard to any application of the platform or would like to talk through the trading process in more detail with a member of the team you can always contact us on +44 01941 576 300 or email us at info@cavex.co.uk.

For those of you that have yet to join our LinkedIn group a reminder that you can do so by clicking here

We look forward to the coming months and building the relationships with all our new members.

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 […]

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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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