Mouton Rothschild maintains the top spot in this weeks trading

Whilst the 2013 En Primeur campaign continued this week with further big name releases, the trading of back vintage First Growths continued on Cavex. Mouton Rothschild maintained its top spot trading multiple times with 2002 at £2,700 (12), 2003 at £3,180 (12), 2004 at £2,750 (12), 2005 at £3,600 (12) and 2007 at £2,700. Lafite Rothschild 2008 recorded a further drop of 5.1% in nine days since its last trade down to £5,030 per 12. Chateau Margaux has performed slightly better with 2006 trading down 0.9% since the start of April, with 2008 and 2009 both trading flat at £2,700 and £2,650 respectively.

Outside of Bordeaux, Burgundy has been trading regularly with Hudelot Noellat proving most popular alongside Confuron-Cotetidot and DRC. Another record was set at Cavex this week proving to our members there are great value wines to be picked up at all price levels. The lowest traded value per case to date was a nine case parcel of Craneford John Zilm Merlot 2002 traded for just £20 IB per dozen. There are currently 191 cases offered under £110 per dozen IB, so it’s worth visiting Caves to see what is available via the linked stock lists below. High pointed wines for under £14 duty and Vat when taken out of your bond post delivery surely warrant a closer look?

Although attention in the Fine Wine market has been focussed chiefly on the new Chateaux releases of 2013 and discussions surrounding opportunities missed at reigniting interest in the En Primeur market, our bidders have been out in force again with a rise in bid value of 6.89% this week. Total bids have grown to £2.34 million since Easter Sunday alone, with First growths continuing to attract the majority of activity. Sellers have been somewhat less active allowing the bid to offer ratio to rise up to 1.27:1 after a fall the previous week. Total positions value remains at £4.11 million spread over 1300 markets.

Hot stocks this week centre on some great value wines with Rostaing’s Ampodium and Landonne 2011’s keenly priced alongside Grand Veneur’s CNDP 2010 at £95 per six which, at 93pts from the Wine Advocate, is very good value indeed. Chateau Latour 2000 offered at £7,400 per dozen (cheapest in the UK by some margin) is certainly worth consideration. Finally, buyers are also looking for quantities of Mouton Rothschild so if you do have stocks to offer, there are some keenly priced bids waiting to be matched.

 

Hot Offers
Wine  Vintage Format Qty Price Last Traded Date
Bollinger Grand Annee 2002 6 x 75 1 £345
Brovia Barolo Ca Mia 2008 6 x 75 5 £220
Courcel Pommard Grand Clos des Epenots 2009 6 x 75 2 £245
D’Arenberg Coppermine Road Cabernet Sauvignon 2001 6 x 75 20 £85
DRC Romanee St Vivant 2004 3 x 75 1 £1,700
Grand Veneur Chateauneuf de Pape 2010 6 x 75 16 £95
Haut Brion 2003 12 x 75 1 £2,480.00
Haut Brion 2008 12 x 75 1 £2,600 £2,600 18/12/13
La Chapelle de la Mission Haut Brion 2007 12 x 75 15 £425
La Chapelle de la Mission Haut Brion 2009 12 x 75 3 £390 £390 11/04/14
La Fleur Petrus 2009 6 x 75 1 £825 £825 01/04/14
Latour 2000 12 x 75 1 £7,400 £7,700 14/11/14
Leoville Barton 2003 12 x 75 3 £690 £690 10/03/14
Leoville Poyferre 2003 12 x 75 3 £1,040 £1,040 18/03/14
Mouton Rothschild 2008 6 x 75 1 £1,500 £1,500 16/04/14
Musigny Comte Vogue 2011 3 x 75 2 £1,000.00
Penfolds St Henri Shiraz 2008 6 x 75 8 £225 £230 18/09/14
Phelan Segur 2009 12 x 75 1 £260 £265 31/03/14
Pommard Croix Noire Courcel 2009 6 x 75 3 £190.00
Rene Rostaing Cote Rotie Classique Ampodium 2011 6 x 75 5 £140
Rene Rostaing Cote Rotie Landonne 2011 6 x 75 5 £295

Hot Bids
Wine  Vintage Format Qty Price Last Traded Date
Beychevelle 2008 12 x 75 20 £535 £520 30/01/14
Cheval Blanc 1998 12 x 75 1 £3,500 £3,150 22/10/13
Cheval Blanc 2000 12 x 75 2 £5,250 £5,250 08/04/14
Clinet 2009 12 x 75 2 £2,100 £2,100 10/03/14
La Fleur Petrus 2006 6 x 75 1 £600 £545 06/03/14
Lafite Rothschild 2004 12 x 75 1 £5,035 £5,030 28/03/14
Lafite Rothschild 2006 12 x 75 1 £5,040 £5,025 28/03/14
Latour 2003 6 x 75 1 £3,200 £3,200 20/03/14
Leoville Barton 2005 12 x 75 1 £625 £620 08/11/14
Leoville Las Cases 2000 12 x 75 2 £1,900 £1,900 16/04/14
Leoville Las Cases 2007 6 x 75 10 £450 £450 07/04/14
Leoville Las Cases 2008 12 x 75 1 £850 £850 22/04/14
Leoville Poyferre 2007 12 x 75 5 £370 £365 14/02/14
Lynch Bages 2007 12 x 75 1 £680 £680 05/09/13
Lynch Bages 2010 6 x 75 1 £450 £425 18/04/14
Margaux 2009 6 x 75 1 £2,600 £2,600 13/04/14
Mouton Rothschild 2001 12 x 75 1 £2,780 £2,760 28/03/14
Mouton Rothschild 2009 12 x 75 1 £4,700 £4,675 14/02/14
Ornellaia 2004 6 x 75 1 £750 £750 10/12/13
Palmer 2005 12 x 75 4 £1,680 £1,680 13/03/14
Pavie 2008 12 x 75 5 £1,525 £1,525 04/03/14
Pavillon Rouge 2000 12 x 75 4 £1,370 £1,340 14/08/13
Pavillon Rouge 2001 12 x 75 4 £920 £920 07/04/14
Pavillon Rouge 2003 12 x 75 4 £970 £960 29/11/13
Pavillon Rouge 2008 12 x 75 10 £900 £890 21/03/14
Pavillon Rouge 2009 12 x 75 3 £900 £900 31/03/14
Petit Mouton 2006 6 x 75 30 £525 £520 10/02/14
Petit Mouton 2009 6 x 75 2 £550 £535 27/03/14
Pichon Baron 2003 12 x 75 1 £840 £835 09/04/14
Sassicaia 2007 12 x 75 5 £1,240 £1,240 18/03/14
Smith Haut Lafitte Rouge 2010 6 x 75 1 £400 £385 24/09/13
Trotanoy 2009 6 x 75 1 £1,080 £1,080 06/03/14

Enjoy your weekend.

Steve, Daniel, Simon & Jean

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