Mixed fortunes whilst the market stutters

The wine market has been one of mixed fortunes since Cavex’s last update. After riding a wave of positivity for two months, the general market appears to be stalling somewhat. This is partially due to Asian buyers citing surplus stocks and rising offer prices in Europe, even with the HKD strengthening against Sterling.

Overall market activity has increased 1.7% at Cavex, though total market value has dropped slightly by 0.5% to £5.82 million. Most noticeable has been the slip in the bid to offer ratio with its biggest change in seven weeks down to 1.90:1. A result of bids dropping slightly and offers rising by 2.3% as we see more sellers returning to the market place.

As mentioned earlier, trade has been mixed over the past fortnight with activity in First Growths strong. Lafite takes the top spot albeit at slightly softening prices for vintages such as 2006, down 0.7% to £4,440 and 2009, down 3% to £5,770 per dozen. Haut Brion and Margaux equally experienced small dips, whilst there were stronger results for Latour and Mouton, particularly the 2004 vintage.

Despite Bordeaux wines taking 82% of trades for the period, there has been strong trading activity in De Vogue 2010 and 2011’s DRC and Mommessin’s Clos de Tart from Burgundy. Cavex has even witnessed a trade complete at its lowest value trade with a 20 case parcel of Bodegas Gallegas’ red and white changing hands at £15 per dozen. It goes to show it’s not always the high ticket items which succeed!

This week’s new stock offers sees a wide variety of wines with 135 new items listed so be sure to take a look at the attached lists below. There are some excellent deals on Beaucastel, Chapoutier, Dominus and Guigal to name a few of the non-Bordeaux wines listed.

Our buying members are continuing to look for good stocks of Lafite and Mouton Rothschild in addition to their second wines in quantity. We’re also interested in offers of large parcels of Lynch Bages and Super Tuscans this week. If you are in a position to offer these stocks across multiple vintages please do get in touch at trading@cavex.co.uk.

Hot Offers
Wine Vintage Format Qty Offer Last Traded Date
Antinori Solaia 2010 6 x 75 1 £675 £675 09/08/14
Ausone 1998 12 x 75 3 £3,350 £3,500 08/09/14
Ausone 2004 12 x 75 2 £3,150 £3,150 23/01/14
Ausone 2008 12 x 75 2 £3,750 £3,750 04/07/14
Beychevelle 2009 12 x 75 10 £570 £560 23/09/14
Carruades de Lafite 2010 6 x 75 4 £690 £697.50 08/10/14
Guigal Cote Rotie Mouline 2009 12 x 75 1 £3,450 £3,640 09/05/14
II Poggione Brunello Di Montalcino 2004 6 x 75 1 £170 £170 16/08/13
La Fleur Petrus 2009 6 x 75 1 £825 £825 01/04/14
La Fleur Petrus 2009 6 x 75 1 £825 £825 01/04/14
La Fleur Petrus 2010 6 x 75 2 £745 £760 20/02/14
La Fleur Petrus 2010 6 x 75 2 £745 £760 20/02/14
Lafite Rothschild 2002 6 x 150 2 £4,350 £4,500 12/09/14
Latour 2002 12 x 75 1 £3,150 £3,160 17/10/14
Le Pin 2004 12 x 75 1 £12,500 £13,000 29/07/14
Le Pin 2004 3 x 75 1 £3,125 £3,250 29/07/14
Le Pin 2004 6 x 75 1 £5,950 £6,500 29/07/14
Le Pin 2005 3 x 150 9 £9,500 £9,500 10/06/14
Lynch Bages 2000 12 x 75 1 £1,500 £1,500 16/04/14
Lynch Bages 2006 6 x 150 2 £720 £730 14/10/14
Lynch Bages 2009 12 x 75 1 £975 £975 25/02/14
Margaux 2010 3 x 75 2 £1,250 £1,270 11/07/14
Mouton Rothschild 2008 6 x 150 2 £2,600 £2,790 10/10/14
Tenuta Ornellaia Ornellaia 2006 6 x 75 2 £700 £750 25/09/14
Tenuta Ornellaia Ornellaia 2008 6 x 75 1 £660 £660 28/11/13

Hot Bids
Wine Vintage Format Qty Bid Last Traded Date
Carruades de Lafite 2009 12 x 75 10 £1,450 £1,395 08/10/14
Clos des Papes 2004 12 x 75 10 £320 £320 31/05/14
Clos Fourtet 2005 12 x 75 9 £1,050 £1,050 23/10/14
Forts de Latour 2005 12 x 75 5 £1,300 £1,300 26/09/14
Lafite Rothschild 1998 12 x 75 2 £4,800 £4,800 23/10/14
Lafite Rothschild 2004 12 x 75 1 £4,425 £4,350 21/08/14
Lafite Rothschild 2006 12 x 75 4 £4,400 £4,400 21/10/14
Latour 2006 12 x 75 2 £3,250 £3,100 06/08/14
Leoville Barton 2000 12 x 75 5 £840 £800 04/04/13
Leoville Las Cases 2008 12 x 75 2 £880 £890 09/09/14
Lynch Bages 2007 12 x 75 3 £695 £680 05/09/13
Montrose 2010 12 x 75 1 £1,550 £1,550 29/09/14
Mouton Rothschild 1996 12 x 75 20 £3,060 £3,050 05/08/14
Mouton Rothschild 1998 12 x 75 5 £2,950 £2,950 16/10/14
Mouton Rothschild 2002 12 x 75 2 £2,705 £2,700 04/08/14
Mouton Rothschild 2003 12 x 75 5 £3,050 £3,000 29/09/14
Mouton Rothschild 2004 12 x 75 5 £2,705 £2,650 23/10/14
Mouton Rothschild 2006 12 x 75 1 £3,010 £2,925 07/08/14
Pavillon Rouge 2008 12 x 75 9 £910 £910 17/09/14
Pavillon Rouge 2009 12 x 75 9 £900 £900 10/07/14
Pichon Baron 2008 6 x 75 10 £300 £323 27/09/14
Rauzan Segla 2002 12 x 75 3 £395
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
Tenuta San Guido Sassicaia 2007 6 x 75 1 £620 £620 18/03/14


Enjoy your week.

Daniel, Jean, Simon & Steve

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