Market softens as Bordeaux EP 2014 tastings commence

Overall positions declined as the week came to a close with the market down 1.66% in total value to £5.1 million. Perhaps it was somewhat predictable, with the majority of the worlds Bordeaux buyers heading out to taste the 2014 Primeurs. Whilst there is an air of optimism regarding the quality of the vintage, the big talking point will no doubt be the price. Will the Bordelaise take heed of merchants concerns? Even with US buyers seemingly back with interest for the first time since 2010 only time will tell if the market will get a successful campaign to trade. Cavex will certainly be keeping an eye on the physical vintages keeping our members updated on where value lies in readily available wines as releases appear over the coming months.

The majority of wines exchanged throughout the week either traded flat or had a small decline from their last recorded prices. Less stellar vintages saw most activity although speculation of the 2005 vintage continues albeit with mixed results.

Trade highlights of the week:

  • Biggest Climber – Pichon Baron 2005 12 x 75 at £925 + 5.7% since 18/12/14
  • La Mission Haut Brion 2006 12 x 75 at £1,265 + 5.4% since 08/01/15
  • Ausone 1998 12 x 75 at £3,350 + 1.55 since 25/11/14
  • Biggest Faller – Sassicaia 2009 6 x 75 at £450 – 10% since 23/04/14
  • Kiran 2003 12 x 75 at £320 – 8.6% since 02/09/14
  • Carruades de Lafite 2008 12 x 75 at £1,450 – 4.6% since 04/03/15

Bidding activity continues its focus on mid-range Bordeaux with 2nd to 5th growths in demand. Although Right Bank wines have recently taken a back seat with infrequent trading, it’s coincidental that a tasting of the St Emilion A’s was conducted showing not all are on the same level as perhaps they should be.

Auction sales have been highlighting strong performance again with DRC and Petrus stocks recording the best of the big ticket items at Sotheby’s recent sale, though German wines performed strongly too. DRC collectors can still find a very attractive collection offered for sale on the Cavex exchange using the following link here

Finally, for members based in London or who regularly travel to the city and enjoy socialising with like-minded Oenophiles, we would like to mention the up-coming launch of a new private members club. Opening in July 2015, 67 Pall Mall based in the heart of St James’ will be a dedicated wine lovers haven. Membership is closing fast so do register your interest on the website and Founder and CEO Grant Ashton, a good friend of Cavex, will be happy to hear from you. We will hopefully bump into some of you there for a glass of something special over the summer!

Hot Offers
Wine Vintage Format Price Contract Qty Last Traded Date
Barolo Monprivato Giuseppe Mascarello 2004 12 x 75 £1,050 A 1
Canon 2006 12 x 75 £365 A 10
Canon 2009 12 x 75 £640 A 10 £725 12/01/15
Duhart Milon 2009 12 x 75 £580 A 2 £575 17/03/15
Ermitage Les Dionnieres Domaine Ferraton 2009 6 x 75 £230 A 5
Gevrey Chambertin Cinq Terroirs 2005 12 x 75 £750 A 2
Grand Puy Lacoste 2010 12 x 75 £520 A 9 £520 23/05/14
Haut Brion 2005 12 x 75 £4,650 A 1 £3,850 10/07/14
La Couspaude 2000 12 x 75 £280 A 1
La Fleur Morange 2008 6 x 75 £200 A 20
Lafite Rothschild 2009 12 x 75 £5,900 A 1 £6,000 25/02/15
Le Pin 2005 6 x 75 £8,950 A 1 £9,500 10/06/14
Leoville Poyferre 2005 12 x 75 £700 A 1 £690 02/09/13
Les Forts de Latour 2008 12 x 75 £1,125 A 1 £1,180 13/02/15
Montrose 1989 12 x 75 £2,550 C 1 £2,050 10/09/14
Montrose 2006 12 x 75 £530 A 1 £500 31/07/15
Palmer 2002 12 x 75 £1,100 A 1 £1,075 10/09/14
Pavillon Rouge 2010 6 x 75 £470 A 1 £460 03/12/14
Percarlo IGT San Giusto 2007 6 x 75 £200 A 2
Petrus 2002 12 x 75 £13,700 A 1 £14,500 30/09/13
Pichon Longueville Baron 2005 12 x 75 £925 A 1 £875 18/12/15
Rauzan Segla 2009 12 x 75 £700 A 3 £670 11/12/15
Hot Bids
Wine Vintage Format Price Contract Qty Last Traded Date
Beychevlle 2010 6 x 150 £485 A 2
Calon Segur 2009 12 x 75 £580 A 1 £590 19/03/15
Cos d’Estournel 2004 12 x 75 £645 A 5
Dom Perignon 2002 6 x 75 £520 A 2 £530 26/03/15
Duhart Milon 2006 12 x 75 £485 A 1 £475 14/01/15
Latour 2008 12 x 75 £3,200 A 2 £3,150 26/03/15
Leoville Barton 2002 12 x 75 £460 A 1 £440 01/10/13
Leoville Las Cases 2004 12 x 75 £920 A 2 £925 15/01/15
Leoville Las Cases 2006 12 x 75 £925 A 2 £950 11/01/15
Leoville Las Cases 2008 12 x 75 £900 A 2 £900 19/12/15
Leoville Poyferre 2004 12 x 75 £480 A 4 £480 23/02/15
Les Forts de Latour 2001 12 x 75 £1,205 A 1
Les Forts de Latour 2002 12 x 75 £1,150 A 1
Lynch Bages 2006 12 x 75 £780 A 12 £780 14/01/15
Montrose 2006 12 x 75 £510 A 1 £500 31/07/14
Montrose 2008 12 x 75 £500 A 1 £500 04/12/14
Mouton Rothschild 2003 12 x 75 £3,140 A 2 £3,120 19/02/15
Mouton Rothschild 2008 12 x 75 £2,840 A 1 £2,800 10/03/15
Pontet Canet 2008 12 x 75 £540 A 1 £535 15/12/15
Pontet Canet 2009 12 x 75 £1,385 A 1 £1,350 19/02/15
Smith Haut Lafitte Rouge 2010 12 x 75 £760 A 2 £765 14/12/14
Talbot 2009 12 x 75 £370 A 8 £370 12/12/14

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