Mixed fortunes for Second wines as overall bidding activity grows 6%

Trades on Cavex have been varied the last few days with the recent trading in First Growths taking a back seat while Second wines made up the majority of activity on the exchange. Continuing from last week, bidders have been the more active party with overall positions growing by 6% in six days alone. It’s clear that buyers are returning to the market place, but pricing is mixed with strong bids to current market for Carruades de Lafite, Petit Mouton and Pavillon Rouge whilst Forts de Latour is struggling to find interest close to market. Most startling trade this week went to Forts de Latour 2010 trading at £1,275 down 21.8% since September last year.

The bid to offer ratio has continued to climb and reaches 0.94:1 for the first time since May when buyers reconsidered their exposure on the exchange, strongly adjusting and removing positions. Has confidence returned or has demand for certain wines that appear to be in short and ready supply started to edge prices up for second wines? Petit Mouton picked up strong interest through the week and traded slightly up 1.9% for the 2009 at £555 per 6 since mid July and the 2010 up 1.9% in the same period at £530 per 6. These levels are very similar to prices this time last year.

Other notable trading activity has been very mixed indeed. Pontet Canet 2008 slid 12.7% since the end of June trading at £480 per dozen, whilst the 2010 had a larger fall of 14.8% since April at £1,150. Duhart Milon appears to be back in demand with the 2009 picking up strong activity trading up 2% over a two week period at £510 per 12.

Chateau Lafite Rothschild and Mouton Rothschild albeit slight subdued in trading over the past week have continued to trade with highlights such as Lafite 2006 trading up slightly by 0.7% at £4,460 and Mouton 2004 up 1.9% in just 24 hours to £2,650. Demand is clear for certain vintages and prices are climbing ever ever so slightly for the right stock.

Buyers this week are on the look out for well priced parcels of Beychevelle, Carruades de Lafite, Ducru Beaucaillou, Lynch Bages, Mouton Rothschild and both Pichon’s. There are also strong requests for drinking red Burgundy wines at all levels. If you have stocks of these wines, we have willing bidders ready to place good bids so please do get in touch at trading@cavex.co.uk

Hot Offers up for grabs on the exchange come in the form of some very well priced Guigal La La’s waiting to be snapped up by the keen eyed collector. La Turque 2005 at £300 per dozen under UK market looks like a steal. For the lover of Chateau Latour picking up the 2006 at £450 under its last traded price at £3,150 per 12 should also prove interesting. For the true bargain hunter, a large parcel of a 92 pointer from Robert Parker in the form of Hillside Shiraz 2003 from Kay Brothers Amery at £60 per 6 is fantastic value and drinking very well right now. There are 2,234 cases up for sale on Cavex currently so it’s worth taking a look through the full stock list via the links below.  There there are some great wines hiding away waiting for that right bid.

 

Hot Offers
Wine Vintage Format Qty Offer Last Traded Date
Ausone 2008 12 x 75 2 £3,750 £3,750 04/07/14
Contador Benjamin Romeo 2008 6 x 75 4 £690
Cos d’Estournel 2003 12 x 75 1 £1,150 £1,150 25/07/14
Cos d’Estournel 2009 12 x 75 1 £1,990 £1,970 12/03/14
Cote Rotie Mouline Guigal 2009 12 x 75 1 £3,450 £3,640 09/05/14
Cote Rotie Turque Guigal 2005 12 x 75 1 £3,625
Echezeaux DRC 2010 3 x 75 1 £1,700 £1,675 22/01/14
Echezeaux DRC 2010 6 x 75 1 £3,400
Grand Puy Lacoste 2010 12 x 75 9 £520 £520 23/05/14
Haut Brion 2000 12 x 75 1 £4,915 £5,000 03/12/13
Hill of Grace Henschke 2008 3 x 75 2 £825
Hillside Shiraz Kay Brothers Amery 2003 6 x 75 55 £60
Hosanna 2006 6 x 75 4 £420
Insignia Joseph Phelps 2009 6 x 75 3 £625
L’Eglise Clinet 2009 6 x 75 2 £1,515 £1,515 02/07/14
La Chapelle de la Mission Haut Brion 2009 12 x 75 3 £405 £400 18/07/14
La Fleur Petrus 2009 6 x 75 1 £825 £825 01/04/14
La Fleur Petrus 2010 6 x 75 2 £750 £760 20/02/14
La Mission Haut Brion 2006 12 x 75 1 £1,345 £1,350 21/04/14
Lafite 2000 12 x 75 1 £11,195 £11,300 30/06/14
Latour 2000 12 x 75 1 £7,100 £7,100 29/05/14
Latour 2002 12 x 75 2 £3,230 £3,230 24/07/14
Latour 2005 12 x 75 1 £6,100 £6,200 12/06/14
Latour 2006 12 x 75 1 £3,150 £3,600 17/04/14
Leoville Barton 2009 12 x 75 4 £595 £640 12/04/14
Leoville Las Cases 2000 12 x 75 5 £1,900 £1,900 07/05/14
Mouton Rothschild 2008 12 x 75 3 £2,795 £2,630 25/07/14
Pavie 2004 12 x 75 8 £1,600 £1,480 16/01/14
Pavillon Rouge 2010 12 x 75 2 £910 £920 05/07/14
Pichon Baron 2009 12 x 75 2 £990 £1,050 19/05/14
Pontet Canet 2009 12 x 75 2 £1,320 £1,400 07/07/14
Proprietary Red Pahlmeyer 2007 6 x 75 2 £375
Romanee St Vivant DRC 2004 3 x 75 1 £1,700
Romanee St Vivant DRC 2005 6 x 75 4 £7,000 £7,200 09/01/14
Smith Haut Lafitte Rouge 2009 12 x 75 1 £1,370
Tardieu Laurent Chateauneuf du Papes VV 2009 12 x 75 3 £230 £230 24/07/14
Tenuta dell’Ornellaia Ornellaia 2008 6 x 75 1 £660 £660 28/11/13
The Standish Shiraz The Standish Wine Company 2003 6 x 75 5 £395

Hot Bids
Wine Vintage Format Qty Bid Last Traded Date
Angelus 2000 12 x 75 1 £3,000
Beychevelle 2003 12 x 75 1 £600
Beychevelle 2005 12 x 75 8 £630 £660 24/07/14
Beychevelle 2006 12 x 75 10 £550 £520 11/02/14
Beychevelle 2008 12 x 75 17 £520 £530 04/07/14
Carruades de Lafite 2010 6 x 75 4 £680 £680 21/07/14
Clerc Milon 2008 12 x 75 10 £355 £380 04/04/14
Clinet 2010 12 x 75 1 £900 £900 27/06/14
Clos Fourtet 2005 12 x 75 10 £1,050
Cos d’Estournel 2005 12 x 75 7 £1,060 £1,070 24/07/14
Cote Rotie Landonne Guigal 2005 12 x 75 1 £3,800
Cote Rotie Landonne Guigal 2009 3 x 75 1 £910 £910 09/05/14
Ducru Beaucaillou 2002 12 x 75 1 £760 £755 14/10/13
Ducru Beaucaillou 2004 12 x 75 1 £850 £750 20/06/14
Ducru Beaucaillou 2007 12 x 75 10 £730 £750 24/12/13
Ducru Beaucaillou 2009 12 x 75 1 £1,700 £1,700 01/08/14
Ducru Beaucaillou 2009 3 x 150 1 £850
Duhart Milon 2008 12 x 75 5 £465 £450 16/07/14
Grand Puy Lacoste 2005 12 x 75 5 £560
Grand Puy Lacoste 2006 12 x 75 1 £320 £320 20/06/14
Haut Brion 2008 12 x 75 2 £2,150 £2,250 26/07/14
La Mission Haut Brion 2000 12 x 75 3 £3,725
La Mission Haut Brion 2005 12 x 75 2 £2,650
Lafite Rothschild 2003 12 x 75 1 £5,730 £5,730 23/07/14
Leoville Barton 2000 12 x 75 5 £820 £800 04/04/14
Les Forts de Latour 2001 12 x 75 1 £1,400
Lynch Bages 2006 12 x 75 5 £695 £720 24/04/14
Montrose 2009 6 x 75 1 £900 £895 25/07/14
Mouton Rothschild 2001 12 x 75 1 £2,760 £2,760 28/03/14
Mouton Rothschild 2006 6 x 150 1 £2,850
Mouton Rothschild 2007 12 x 75 1 £2,600 £2,530 04/07/14
Mouton Rothschild 2008 12 x 75 2 £2,650 £2,630 25/07/14
Palmer 2000 12 x 75 1 £1,850 £1,700 09/10/13
Pavie 2009 12 x 75 2 £2,410 £2,450 09/06/14
Pavillon Rouge 2003 12 x 75 4 £950 £960 29/11/13
Pavillon Rouge 2008 12 x 75 10 £860 £890 23/03/14
Pavillon Rouge 2010 12 x 75 5 £905 £920 05/07/14
Pontet Canet 2003 6 x 75 1 £355 £335 25/07/14
Pontet Canet 2006 12 x 75 1 £555 £555 25/07/14
Pontet Canet 2008 12 x 75 2 £480 £480 28/07/14
Smith Haut Lafitte Rouge 2010 6 x 75 1 £400 £400 12/06/14
Tenuta dell’Ornellaia Ornellaia 2004 6 x 75 1 £750 £750 10/12/13
Tenuta San Guido Sassicaia 2007 12 x 75 5 £1,240 £1,240 18/03/14

Enjoy your weekend

Steve, Daniel, Simon & Jean

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