Hot wines under £700, under market First Growths + weekly bids & offers update

Total positions continue to grow above the £3 million mark this week on the Cavex platform, this has come against a back drop of softening Bordeaux prices. Both buyers and sellers have been very active with a multitude of movements between parties as trades have been matched.

Bids have grown a further 6.5% this week, now up to £1.32 million with 22 new wines looking to be purchased. Bordeaux continues to lead the way with buyers looking for certain deals and bespoke items that include Taylor’s 1994 Vintage Port and Sauzet’s Puligny Montachet Perrieres 2005.

The weeks offers have increased by £150,000 with 71 news wines added. Bordeaux is heavily represented, but there are gems to be found such as Armand Rousseau’s 2009 Chambertin at £6250 (6), Chevalier Montrachet 2006 from Philippe Colin at £660 (6), Perrier Jouet Belle Epoque 2004 at £375 (6) and Louis Roederer Cristal 2004 at £725 (6).

Trade highlights from the week include Bonnefond Cote Rotie Cote Rozier 2005 at £140 (6), DRC Richebourg 2005 at £4300 (6), Grand Puy Lacoste 2002 at £280, Lynch Bages 2009 at £975, 22 cases of Petit Mouton 2009 at £540 (6) and a nice parcel of 10 cases of Branson Coach House Greenock Block Shiraz 2005 at £100 (6).

Our highlighted offer this week focuses on a snap shot of very well priced wines under the £700 IB mark. We have also detailed the Bordeaux First Growths that are currently live and priced to move. All these are best UK market prices.

Best Offers
Wine Vintage Format  Qty Price  Last Trade Date Best on WS
Alto Conterno Barolo Romirasco 2004 6 x 75 1 £600 £650
Antinori Tignanello IGT 2009 6 x 75 1 £230 £240
Clerc Milon 2004 12 x 75 1 £430 £435
Fuligni Brunello di Montalcino 2004 12 x 75 1 £395 £469
Il Poggione Brunello di Montalcino 2004 6 x 75 1 £170 £175
La Lagune 2008 6 x 150 1 £345 £359
Mas de Daumas Gassac Rouge 2006 12 x 75 4 £180 £225
Rauzan Segla 2002 12 x 75 4 £415 £450
Talbot 2000 12 x 75 1 £700 £735
Ornellaia 2010 6 x 75 18 £635 £635 19-Nov £639
William Fevre Chablis Vaulorent 2009 12 x 75 3 £295 £325

Best Bids
Wine Vintage Format  Qty Price  Last Trade Date
Beychevelle 2009 12 x 75 2 £550 £540 19-Jul
Clerc Milon 2009 12 x 75 4 £400
Clinet 2010 6 x 75 1 £470 £460 21-Sep
Duhart Milon 2009 6 x 75 4 £310 £320 25-Sep
Grand Puy Lacoste 2006 12 x 75 10 £300 £300 14-Nov
Leoville Poyferre 2007 12 x 75 30 £365
Pavillon Rouge 2008 12 x 75 50 £880 £800 31-May
Pavillon Rouge 2009 12 x 75 3 £910 £920 16-Jul
Pichon Lalande 2004 12 x 75 5 £700 £700 19-Sep
Smith Haut Lafite Rouge 2010 12 x 75 2 £760 £770 24-Sep

 

Hot Priced First Growths

Wine Vintage Format  Qty Price  Last Trade Date Best on WS
Haut Brion 2001 12 x 75 1 £2,800 £2,800
Haut Brion 2002 12 x 75 5 £2,410 £2,350.00 21-Oct £2,495
Lafite Rothschild 2001 12 x 75 1 £5,300 £5,800
Lafite Rothschild 2002 12 x 75 5 £5,250 £5,400
Lafite Rothschild 2004 12 x 75 5 £5,250 £5,400
Lafite Rothschild 2009 12 x 75 2 £7,200 £7,200.00 06-Sep £7,340
Latour 1996 12 x 75 1 £5,500 £5,750.00 11-Oct £5,650
Latour 2004 6 x 75 1 £1,650 £1,750.00 06-Sep £1,844
Latour 2004 12 x 75 2 £3,575 £3,500.00 06-Sep £3,600
Margaux 2004 12 x 75 1 £2,825 £2,780.00 16-Oct £3,000
Margaux 2008 12 x 75 1 £3,000 £2,700.00 26-Oct £3,040
Margaux 2009 12 x 75 1 £5,640 £5,980
Mouton Rothschild 2004 12 x 75 2 £2,970 £2,825.00 11-Oct £2,990
Mouton Rothschild 2005 12 x 75 2 £3,900 £4,080.00 08-Oct £3,950
Mouton Rothschild 2006 12 x 75 1 £3,490 £3,500.00 30-Oct £3,600

To catch up with all our latest trades just click here.

Seen a bid or offer that you are interested in but yet to have your trading privileges approved? Then please get in touch by calling us on +44 (0) 1491 576 300 so that we may get you activated straight away.

If you are in a position to offer stocks for sale, please do email us at trading@cavex.co.uk With commissions of just 3%, we are helping many private collectors sell through their portfolios with average payments made in 17 days from being matched. Do not hesitate, therefore to give us a call to see how we can help you maximise your returns.

REMINDER TO ALL MEMBERS – CHRISTMAS WAREHOUSE CLOSURES

With the Christmas season fast approaching and most logistics facilities hitting their busiest time of year, please do bear in mind that In Bond warehouse deliveries can take longer to complete than normal. Octavian and LCB move a vast amount of wine over the coming 3 week period and will be shut between Christmas and New Year. Therefore if you are planning on buying or selling wines over the coming weeks please take this busy period into consideration.

We look forward to hearing from you.

Best wishes
Cavex

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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.

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