Interest back for Le Pin. First Growths continue softening. Italian stock offer highlights.

Trade through Cavex has been varied this week with wines from a multitude of regions trading at all price levels. Whilst Bordeaux is normally responsible for the majority of trades, there have been matches for wines from Australia, Burgundy, Champagne, Italy, the Rhone, Spain and the USA.

One clear trend emerging is demand for Le Pin returning with this trading multiple times, most notably the 2008 at £5,250 (6) at the start of the week. Following this was a six case deal of the 2004 at £2,850 (3). A fantastic rare 10 case parcel of the 2005 has also been offered at £9,500 per 3 x 150, and there is still a case of the 2010 available at £6,500 per 3 x 75.

The bid to offer ratio has continued to rise this week as it reaches 1.05:1, with demand for Lafite Rothschild appearing to be growing with bids placed for multiple vintages over the course of the week. Buyers are taking stock of Lafite at sensibly priced offers. The overall percentage of total positions dropped slightly by 1.9% taking the value to £3.61 million

Outside of Le Pin, most notable trades this week were for further softening of First Growth Bordeaux with Lafite 2003 at £6,650 down 2.2%, Latour 2003 at £6,300 down 3.8% and Margaux 2009 at £2,650 per 6 x 75. Mouton Rothschild 2008 held its value at £3,000 per dozen with further bids placed for stock at this price.

Climber of the week went to Leoville Poyferre 2009 rising 3.3% in 11 days. Outside of Bordeaux, Dominus 2007 at £675 (6) with further stock available at £690, DRC Richebourg 2004 at £1,800 (3) and Flor de Pingus 2010 at £480 (12) all traded at the lowest UK price.

Our stock offer highlight this week is focussed solely on the best value Italian offers placed. Low market prices at all pricing levels, with Wine Advocate points ranging from 89 for the Silvio Grasso Barolo Pi Vigne 2005 at £150 per 6, through to the 98 pointer Luciano Sandrone Barolo Cannubi Boschis at £1,900 per 12. With Italian wines fairing strongly in the current market, there are some great wines on offer so do take a closer look.

Italian Offer Highlights

Wine Producer Vintage Format  Price  WA Pts Qty
Barbaresco Asili Falletto di Bruno Giacosa 2007 6 x 75  £450.00 94 1
Barolo Bricco Fiasco Azelia 2003 12 x 75  £440.00 89 1
Barolo Ca Mia Brovia 2008 6 x 75  £220.00 96+ 5
Barolo Cannubi Boschis Luciano Sandrone 2004 12 x 75  £1,900.00 98 1
Barolo Cascina Francia Giacomo Conterno 2009 12 x 75  £900.00 94-96 1
Barolo Ciabot Mentin Ginestra Domenico Clerico 2001 6 x 75  £230.00 89 1
Barolo Pi Vigne Silvio Grasso 2005 6 x 75  £150.00 89 1
Brunello di Montalcino Lazzeretti 2006 6 x 75  £220.00 1
Brunello di Montalcino Riserva Soldera Case Basse 2006 6 x 75  £1,400.00 95+ 1
Brunello di Montalcino Sugarille Angelo Gaja 2006 6 x 75  £450.00 95 2
Chianti Classico Castello di Brolio Barone Ricasoli 2006 6 x 75  £270.00 1
Costa Russi Angelo Gaja 2006 6 x 75  £1,300.00 92 1
Guado al Tasso Bolgheri Antinori 2001 6 x 75  £295.00 95 4
Ornellaia Tenuta dell’Ornellaia 2006 6 x 75  £790.00 97 1
Ornellaia Tenuta dell’Ornellaia 2008 6 x 75  £675.00 97 1
Ornellaia Tenuta dell’Ornellaia 2009 6 x 75  £640.00 97 26
Sassicaia Tenuta San Guido 2007 3 x 150  £700.00 95 1
Sassicaia Tenuta San Guido 2007 6 x 75  £650.00 95 1
Sperss Angelo Gaja 2009 3 x 150  £540.00 95 1
Valpolicella Superiore Dal Forno Romano 2004 6 x 75  £365.00 93 2

Hot Offers
Wine Vintage Format Qty Offer Last Traded Date
Ausone 2008 12 x 75 3 £4,100 £4,400 17-Jan
Beaucastel CNDP Hommage Perrin 2009 3 x 75 6 £735
Clarendon Hills Astalis Shiraz 2005 6 x 75 1 £750 £760 19-Jul
Leflaive Puligny Montrachet Combettes 2006 6 x 75 1 £500
Leflaive Puligny Montrachet Folatieres 2009 6 x 75 1 £510
Dominus 2007 6 x 75 5 £690
DRC Grand Echezeaux 2004 3 x 75 1 £1,600 £1,625 06-Mar
Duhart Milon 2008 12 x 75 2 £505 £520 07-Jan
Haut Brion 2009 12 x 75 1 £5,250 £5,550 18-Nov
Hudelot Noellat Clos Vougeot 2009 12 x 75 1 £830
Lafite Rothschild 2004 12 x 75 1 £5,050 £5,150 30-Jan
Lafite Rothschild 2009 6 x 75 1 £3,225 £3,275 30-Jan
Latour 2000 12 x 75 1 £7,500 £7,700 14-Nov
Latour 2005 12 x 75 1 £6,500 £7,250 06-Sep
Le Pin 2005 3 x 150 10 £9,500
Malescot St Exupery 2009 12 x 75 1 £600 £600 11-Nov
Margaux 1986 12 x 75 1 £3,850
Margaux 2009 6 x 75 1 £2,650 £2,650 19-Mar
Mouton Rothschild 2005 12 x 75 2 £3,900 £4,080 04-Oct
Mouton Rothschild 2006 6 x 75 2 £1,690 £1,700 30-Jan
Penfolds St Henri Shiraz 2008 6 x 75 8 £225 £230 18-Sep
Pontet Canet 2009 6 x 75 1 £740 £750 11-Mar
Troplong Mondot 2009 12 x 75 1 £1,000

Hot Bids
Wine Vintage Format Qty Bid Last Traded Date
Beychevelle 2008 12 x 75 20 £520 £520 30-Jan
Carruades de Lafite 2008 12 x 75 5 £1,670 £1,670 21-Mar
Cheval Blanc 1998 12 x 75 1 £3,500 £3,150 22-Oct
Clinet 2009 12 x 75 2 £2,100 £2,100 10-Mar
Cos d’Estournel 2009 6 x 75 2 £1,000 £985 12-Mar
Ducru Beaucaillou 2008 12 x 75 3 £745 £745 13-Mar
Duhart Milon 2005 12 x 75 1 £590 £590 22-Feb
Grand Puy Lacoste 2006 12 x 75 16 £320 £300 02-Jan
Haut Brion 2000 3 x 150 1 £2,750 £2,500 03-Dec
Haut Brion 2004 12 x 75 1 £2,390 £2,400 28-Nov
La Fleur Petrus 2006 6 x 75 1 £600 £545 06-Mar
Lafite Rothschild 2003 12 x 75 1 £6,650 £6,650 29-Jan
Lafite Rothschild 2008 6 x 75 1 £2,700 £2,650 07-Jan
Latour 2006 12 x 75 4 £3,600 £3,600 07-Feb
Leoville Barton 2008 12 x 75 10 £380 £380 24-Feb
Leoville Poyferre 2007 12 x 75 28 £365 £365 14-Feb
Leoville Poyferre 2009 6 x 75 2 £690 £690 10-Mar
Lynch Bages 2007 12 x 75 1 £680 £680 05-Sep
Lynch Bages 2010 6 x 75 1 £450 £425 05-Mar
Malescot St Exupery 2004 12 x 75 1 £325 £325 13-Jun
Montrose 2003 12 x 75 8 £1,450 £1,450 11-Mar
Montrose 2008 12 x 75 6 £555 £555 19-Feb
Mouton Rothschild 2001 12 x 75 1 £2,760 £2,760 13-May
Mouton Rothschild 2003 12 x 75 1 £3,170 £3,150 19-Feb
Palmer 2005 12 x 75 4 £1,680 £1,680 13-Mar
Pavie 2008 12 x 75 5 £1,525 £1,525 04-Mar
Pavillon Rouge 2008 12 x 75 20 £890 £890 28-Feb
Petit Mouton 2006 6 x 75 20 £520 £520 10-Feb
Pontet Canet 2008 12 x 75 3 £570 £570 19-Mar
Troplong Mondot 2005 12 x 75 2 £1,500 £1,500 02-May
Trotanoy 2009 6 x 75 1 £1,080 £1,080 06-Mar

Finally, we are still on the look 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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