Despite some small signs of growth in respect to bidding activity on the Cavex platform this week, the trend of softening prices continues further. There were certainly a few eyebrows twitching when Lafite Rothschild 2009 traded at £6,100 per dozen for the first time. With the next best bid at £5,900, could we be seeing a sub £6k price in the coming week? The premium for Chateau Lafite is unquestionably continuing to wane at a pace.
Overall market value grew by just over 1% during the course of the week with £277,000 worth of new positions placed. Buyers are currently on the look out for good quantities of Bordeaux priced around the £350 to £750 mark for names such as Calon Segur, Clerc Milon, Duhart Milon, Grand Puy Lacoste, Pavillon Rouge and Petit Mouton across a multitude of vintages. Do get in touch at email@example.com if you have stock you would like to offer.
Notable trades from the last week saw a big climb for Angelus 2006 up 15% from April, trading at £1,840 per 12. Grand Puy Lacoste 2006 also had a solid 6.7% rise since January with a six case parcel matching at £320. Demand for Chateau Latour has also seen a small rise over these last few days with multiple vintage bids appearing and the 2002 trading up 2.2% to £3,300 per 12. Down 9.4% since this time last year, Mouton Rothschild 1996 suffered the biggest fall of the week trading at £3,080 per 12.
Another big name showing signs of recent decline is Pontet Canet with the 100 pointer 2009 trading frequently from a year high of £1,490 down 5.8% to £1,385 as sellers tried to find willing buyers throughout June. With this Chateau riding the crest of a wave for the past few years as a result of thoroughly warranted scores, has the high release price of the 2013 vintage soured interest slightly? Or is it simply a case of wider market forces taking effect?
This week’s new offers have seen a wonderful private collection added with a range of Bordeaux and Burgundy greats available at incredibly good prices. Regular visitors to the Cavex platform have already picked up a few deals, but with more names introduced in the last 24 hours, there are now some very well priced DRC wines such as La Tache 2005 at £7,500 per 3 x 75 and the 2004 at £6,800 per 6 x 75. These sit alongside a nice little parcel of Hosanna with the 96 point 2000 vintage offered at £650 per 6 and the 93 point 2001 at £350 per 6. Both will be drinking perfectly now and it’s a great opportunity to pick up mature stock from such a small production Chateau. To see all new wines added this week just click the quick links below to see what’s worth bidding for.
|Wine||Vintage||Format||Price||Contract||Qty||Last Traded £||Date|
|Ausone||2008||12 x 75||£3,800||A||3||£4,400||17/01/14|
|Bonnes Mares Comte Vogue||2008||12 x 75||£2,000||A||1||–||–|
|Cote Rotie Landonne Guigal||2005||12 x 75||£3,975||A||1||–||–|
|Cote Rotie Landonne Guigal||2009||6 x 75||£1,900||A||1||£1,820||09/05/14|
|Domaine de L’Eglise||2009||12 x 75||£250||A||2||–||–|
|Grands Echezeaux DRC||2004||6 x 75||£3,300||A||1||£3,100||08/04/14|
|Gruaud Larose||2005||12 x 75||£450||A||2||–||–|
|Haut Brion||2004||12 x 75||£2,350||A||2||£2,300||11/06/14|
|Hosanna||2000||6 x 75||£650||A||1||–||–|
|La Mission Haut Brion||1998||12 x 75||£2,400||C||2||–||–|
|Lafite Rothschild||2005||12 x 75||£6,200||A||2||£6,200||06/05/14|
|Latour||1996||12 x 75||£4,745||C||3||£4,650||13/06/14|
|Latour||2003||12 x 75||£6,100||A||1||£6,200||02/05/14|
|Le Pin||2005||3 x 150||£9,500||A||9||£9,500||10/06/14|
|Les Forts de Latour||2008||12 x 75||£1,200||A||10||£1,195||11/06/14|
|Margaux||2008||12 x 75||£2,580||A||1||£2,610||13/06/14|
|Musigny Comte Vogue||2009||6 x 75||£2,750||A||1||–||–|
|Musigny Comte Vogue||2010||3 x 75||£1,350||A||1||–||–|
|Pavie||2004||12 x 75||£1,600||A||8||£1,480||16/01/14|
|Richebourg DRC||2004||3 x 75||£1,950||A||1||£1,800||21/03/14|
|Tache DRC||2004||6 x 75||£6,800||A||1||£6,600||11/02/14|
|Tache DRC||2005||3 x 75||£7,500||A||1||–||–|
|The Dead Arm Shiraz D’Arenberg||2005||6 x 75||£175||A||5||–||–|
|Yquem||2001||12 x 75||£3,950||A||1||£3,700||07/04/14|
|Wine||Vintage||Format||Price||Contract||Qty||Last Traded £||Date|
|Cote Rotie Landonne Guigal||2009||3 x 75||£910||A||1||£910||09/05/14|
|Ducru Beaucaillou||2007||12 x 75||£730||A||10||£750||24/12/13|
|Ducru Beaucaillou||2008||12 x 75||£720||A||5||£750||18/04/14|
|Duhart Milon||2009||12 x 75||£485||A||5||£525||11/06/14|
|Haut Brion||2003||12 x 75||£2,350||A||2||£2,300||10/06/14|
|La Chapelle de la Mission Haut Brion||2007||12 x 75||£400||A||2||–||–|
|Lafite Rothschild||2002||12 x 75||£4,800||A||5||£5,025||28/04/14|
|Lafite Rothschild||2008||12 x 75||£4,800||A||1||£4,920||06/06/14|
|Lafleur||2004||6 x 75||£1,110||A||5||–||–|
|Latour||2002||12 x 75||£3,230||A||2||£3,300||17/06/14|
|Leoville Poyferre||2007||12 x 75||£365||A||28||£365||14/02/14|
|Les Forts de Latour||2001||12 x 75||£1,400||A||1||–||–|
|Lynch Bages||2009||12 x 75||£945||A||1||£975||25/02/14|
|Montrose||2000||12 x 75||£1,015||A||5||£1,070||04/06/14|
|Mouton Rothschild||2000||12 x 75||£10,130||A||2||£10,300||19/06/14|
|Mouton Rothschild||2001||12 x 75||£2,760||A||1||£2,760||28/03/14|
|Mouton Rothschild||2005||12 x 75||£3,400||A||1||£3,600||22/04/14|
|Pavie||2009||12 x 75||£2,400||A||2||£2,450||09/04/14|
|Pavillon Rouge||2000||12 x 75||£1,370||A||4||£1,340||04/08/14|
|Pontet Canet||2006||12 x 75||£575||A||1||£595||03/03/14|
|Pontet Canet||2008||12 x 75||£550||A||1||£560||24/04/14|
|Vieux Chateau Certan||2004||12 x 75||£745||A||5||£760||06/12/14|
Enjoy your weekend
Steve, Daniel, Simon and Jean
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