Market activity declines over Chinese New Year

The past week has seen activity slightly decline on the Cavex platform as Asia celebrated the Chinese New Year holiday. A noticeable reduction in bidding activity at the start of the week turned into a spike over the last 48 hours as traders started returning.

Total bids have declined by £170,000 over the period, albeit new positions of £100,000 added in the last 24 hours alone. Signs perhaps that the cellars need restocking after the celebrations. Interestingly we have seen quite a few bids appearing for less stellar vintages of Chateau Lafite Rothschild recently. Have prices hit a level where buyers are perceiving value again?

The offers have grown slightly this week with 111 new cases added for sale and we have picked the usual hot stocks that we think are well priced in the market to move.

Highlights of this week’s trading came in the form of DRC Tache 2007 at £3,500 (3) and the 2008 at £3,600 (3). A rare case of Domaine Leflaive Batard Montrachet 2010 3 x 150cl at £1,750 and a continued flurry of Bordeaux First Growths with Lafite 2007 at £5,200; Latour 2006 at £3,600; Margaux 2004 at £2,400. Palmer 2005 also traded at the very reasonable price of £1,775.

Hot Bids
Wine Vintage Format Qty Price Last Traded Date
DRC Tache 2007 6 x 75 1 £7,200 £7,000 01-Feb
DRC Tache 2008 6 x 75 1 £7,200 £7,200 06-Feb
Forts de Latour 2009 12 x 75 10 £1,320 £1,350 14-Nov
Grand Puy Lacoste 2006 12 x 75 9 £300 £300 02-Jan
Guigal Cote Rotie Mouline 2009 3 x 75 1 £900 £900 12-Dec
Haut Brion 2000 3 x 150 1 £2,750 £2,500 03-Dec
Haut Brion 2004 12 x 75 1 £2,450 £2,400 28-Nov
Lafite Rothschild 2003 12 x 75 1 £6,650 £6,650 29-Jan
Lafite Rothschild 2006 12 x 75 2 £5,100 £5,100 23-Jan
Lafite Rothschild 2008 6 x 75 1 £2,800 £2,650 07-Jan
Montrose 2003 12 x 75 10 £1,440 £1,400 04-Dec
Montrose 2010 12 x 75 2 £1,350 £1,350 28-Jan
Mouton Rothschild 2000 12 x 75 4 £9,710 £9,680 14-Jan
Mouton Rothschild 2001 12 x 75 1 £2,760 £2,760 13-May
Mouton Rothschild 2004 12 x 75 1 £2,850 £2,825 30-Jan
Palmer 2004 12 x 75 5 £1,130 £1,150 05-Sep
Pavillon Rouge 2006 12 x 75 5 £900 £910 06-Sep
Tenuta dell’Ornellaia Ornellaia 2004 6 x 75 1 £750 £750 10-Dec
Troplong Mondot 2005 12 x 75 2 £1,500 £1,500 02-May

Hot Offers
Wine Vintage Format Qty Price Last Traded Date
Duhart Milon 2010 12 x 75 1 £600 £600 04-Feb
Forts de Latour 2010 12 x 75 3 £1,550 £1,630 23-Sep
La Chapelle de la  Mission Haut Brion 2009 12 x 75 5 £400
La Mission Haut Brion 2005 12 x 75 2 £3,250 £3,300 15-Sep
La Mission Haut Brion 2006 12 x 75 2 £1,440 £1,440 15-Jan
Lafite Rothschild 2004 6 x 75 1 £2,600 £2,575 30-Jan
Latour 2002 12 x 75 1 £3,700 £3,780 24-Jan
Le Petit Mouton 2007 6 x 75 1 £560 £560 11-Sep
Mouton Rothschild 2005 12 x 75 2 £3,900 £4,080 04-Oct
Mouton Rothschild 2006 12 x 75 1 £3,400 £3,400 30-Jan
Palmer 2005 12 x 75 1 £1,775 £1,820 10-Jan
Pavie 2009 12 x 75 4 £2,500 £2,600 21-Jun
Pichon Baron 2003 12 x 75 1 £940 £940 15-Jun
Pontet Canet 2010 12×75 1 £1,400 £1,390 04-Feb
Pontet Canet 2009 6 x 75 1 £750 £750 06-Dec
Pontet Canet 2010 6 x 75 1 £700 £695 04-Feb

We are still looking 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

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