Interest grows in older vintages of Bordeaux while overall bid value begins to subside

Bidding activity has declined during the past week with overall positions and total bid value dropping by an equal 3%. The general market appears to be quietening slightly, perhaps taking a breath whilst Asia starts its New Year Festivities this week. Optimism has reigned the last two months but with Asian demand fading, the market is hoping a short break in purchasing is indeed just that.

In terms of movements on the trading ticker this week, there were far more notable red percentage declines than green increases with Bordeaux First Growths showing more dips than most. Lafite 1999 taking the largest fall of the week trading at £4,700 down 6.9% since May 2014. Older vintage Bordeaux does appear to be sparking an interest with multiple bids for pre 2000 stocks. Trades for Lafite 1996 at £6,650 is up 0.8% since December alongside Margaux 1996 at £3,950 which is up 3.8% since November. Is this the mark of a vintage pointing towards a recovery drive?

Following last week’s Burgundy highlights, it was a pleasure to see some well-priced offers matched. With so many great red and whites on offer from the region its worth filtering the trading page to view the numerous deals available and many two way markets to be set.

The bid to offer ratio has tightened slightly this week to 2.23:1 although £170,000 of new bids have been placed. We are on the look-out for more cellar collections which would be uploaded free of charge to your portfolio. If you wish to submit your own holdings, please do so via the import tab in your account page or alternatively email the spreadsheet to trading@cavex.co.uk. With £4 million in bids currently open, there are many opportunities all just waiting for the right offers to be made.

Hot Offers
Wine Vintage Format Price Contract Qty Last Traded Date
Chambertin Clos de Beze Domaine Faiveley 2009 6 x 75 £1,100 A 1
Clerc Milon 2008 12 x 75 £400 A 23 £380 04/04/14
Clos de Tart Mommessin 2008 6 x 75 £990 A 8
Corton Charlemagne Bonneau Martray 2007 6 x 150 £675 A 1
Echezeaux DRC 2005 6 x 75 £3,800 A 1 £3,690 27/01/15
Gevrey Chambertin Armand Rousseau 2009 6 x 75 £450 A 1
Gevrey Chambertin Armand Rousseau 2011 6 x 75 £390 A 1
Gevrey Chambertin Taupenot Mermes 2010 6 x 75 £150 A 2
Gevrey Chambertin Cinq Terroirs Denis Mortet 2005 12 x 75 £800 A 2
Gevrey Chambertin Clos St Jacques Fourrier 2009 3 x 75 £820 C 1
Grand Puy Lacoste 2006 12 x 75 £340 A 10 £320 20/06/14
Grand Puy Lacoste 2009 12 x 75 £475 A 11 £480 13/06/14
Haut Bailly 2009 12 x 75 £1,300 A 1 £1,100 19/01/15
Latour 2002 12 x 75 £3,150 A 1 £3,200 16/01/15
Latour 2009 12 x 75 £8,500 A 1 £8,400 13/05/14
Leoville Barton 2003 12 x 75 £700 A 2 £650 09/10/14
Les Forts de Latour 2005 12 x 75 £1,435 A 10 £1,340 30/10/14
Mazis Chambertin Armand Rousseau 2009 6 x 75 £1,000 A 1
Mazis Chambertin Domaine Faiveley 2010 6 x 75 £525 A 2
Mesnil Salon 1999 1 x 150 £340 C 3
Montrose 2006 12 x 75 £550 A 1 £500 31/07/14
Moulin de Duhart 2010 6 x 75 £115 A 5
Nuits St Georges Murgers Alain Hudelot Noellat 2005 6 x 75 £375 A 2
Vosne Romanee Suchots Alain Hudelot Noellat 2011 6 x 75 £300 A 1
Hot Bids
Wine Vintage Format Price Contract Qty Last Traded Date
Beychevelle 2010 6 x 75 £260 A 2 £255 17/12/14
Carruades de Lafite 2008 12 x 75 £1,520 A 6 £1,520 28/01/15
Clerc Milon 2008 12 x 75 £385 A 23 £380 04/04/14
Clerc Milon 2009 12 x 75 £440 A 5 £415 13/06/14
Cos d’Estournel 2005 12 x 75 £1,260 A 2 £1,150 06/10/14
Duhart Milon 2009 12 x 75 £565 A 10 £585 04/02/15
Grand Puy Lacoste 2006 12 x 75 £320 A 10 £320 20/06/14
La Mission Haut Brion 2006 12 x 75 £1,215 A 1 £1,200 08/01/15
Leoville Barton 2000 12 x 75 £865 A 1 £800 04/04/13
Leoville Barton 2002 12 x 75 £450 A 1 £440 01/10/14
Lynch Bages 1996 12 x 75 £1,050 A 5 £1,080 03/10/14
Lynch Bages 2006 12 x 75 £780 A 12 £780 14/01/15
Lynch Bages 2012 12 x 75 £550 A 3
Margaux 2004 12 x 75 £2,640 A 1 £2,625 14/11/14
Mouton Rothschild 2006 12 x 75 £3,150 A 1 £3,200 04/02/15
Mouton Rothschild 2008 12 x 75 £2,840 A 1 £2,900 06/01/15
Palmer 2000 12 x 75 £2,010 A 1 £1,960 11/12/14
Palmer 2010 12 x 75 £2,125 A 1
Pavillon Rouge 2009 12 x 75 £935 A 3 £870 21/01/15
Pichon Longueville Comtesse de Lalande 2009 12 x 75 £950 A 5 £950 16/12/14
Pontet Canet 2005 12 x 75 £960 A 1 £930 03/02/15
Rauzan Segla 2009 12 x 75 £670 A 1 £670 11/12/14

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