New release of Latour 2003 as market softens, but DRC still commanding the best prices

Whilst Chateau Latour gave the fine wine market something to sing about these last few days with its 2003 ex-chateau release, the market saw some of its strongest declines in recent weeks. The bid to offer ratio slipped to 1.94:1, the result of a decline of 13% in bid value to a low not seen since September last year and with Asian demand falling in recent weeks. Offer value also fell 9.2% back to levels at this time in 2014.

Trading this week has centered on mid-price wines such as Calon Segur, Leoville Barton, Lascombes, Leoville Poyferre and Pontet Canet albeit with a mixture of results against their last traded prices.

Trade highlights of the week:

  • Biggest Climber – Pontet Canet 2004 at £485 + 5.4% since 04/11/14
  • Pavillon Rouge 2008 at £975 + 5.4% since 12/12/14
  • Pontet Canet 2005 at £960 + 3.2% since 03/02/15
  • Biggest Faller – Pavie 2007 at £1,390 – 6.1% since 05/01/15
  • Leoville Barton 2003 at £670 – 2.9% since 04/03/15
  • Leoville Barton 2004 at £430 – 2.3% since 14/01/15

Although activity declined with offers and bids being refreshed and tightened, £330,000 of new positions were added through the week. Bidders are looking for Super Tuscan stocks alongside First Growths at slightly lower levels than previous months. Do check out the latest additions on the attached lists as well as hot bids to see where opportunities still remain high to market.

There have been a number of well-priced portfolios added in the last few days containing a good proportion of Bordeaux classed growths from classic drinking vintages priced between £200 to £900 per dozen. Certainly worth investigating to pick the best from the new bunch.

Sotheby’s holds its latest DRC auction on the 25th of March with premium prices still expected to be achieved across the majority of lots. For those DRC buyers amongst our members who are wishing to escape the large hammer premiums, you may wish to have a look at a great collection of DRC stocks currently on offer. All stocks have been fastidiously purchased and stored over the past 10 years with great provenance in unopened original cases. You may view the entire collection on offer here

Hot Offers
Wine Vintage Format Price Contract Qty Last Traded Date
Beychevelle 2010 6 x 150 £535 A 2 £510 17/12/14
Brunello di Montalcino Argiano 2010 6 x 75 £130 A 3
Brunello di Montalcino Sugarille Angelo Gaja 2007 6 x 75 £410 A 10 £410 16/03/15
Clos Fourtet 2009 12 x 75 £1,900 A 2 £1,990 31/01/15
Cos d’Estournel 2009 6 x 75 £940 A 1 £935 30/10/14
Gruaud Larose 2005 12 x 75 £475 A 1
Haut Brion 2005 12 x 75 £4,650 A 1 £3,850 10/07/14
Kirwan 2005 12 x 75 £360 A 1
La Mission Haut Brion 2009 12 x 75 £3,950 A 1 £3,875 18/12/14
Lafite Rothschild 2004 12 x 75 £4,350 A 1 £4,375 03/03/15
Latour 2001 12 x 75 £3,200 A 1 £3,230 10/01/15
Le Pin 2005 6 x 75 £9,000 A 1 £9,500 10/06/14
Leoville Barton 2005 12 x 75 £625 A 1 £650 30/01/15
Leoville Barton 2009 12 x 75 £620 A 1 £640 12/04/13
Leoville Poyferre 2005 12 x 75 £700 A 1 £690 02/09/13
Margaux 2004 12 x 75 £2,600 A 1 £2,625 14/11/14
Montrose 2005 12 x 75 £930 A 1 £930 11/03/15
Mouton Rothschild 2006 6 x 150 £2,950 A 1
Pavie 2003 12 x 75 £1,925 A 1 £1,870 09/02/15
Pavillon Rouge 2003 12 x 75 £975 A 1 £995 21/08/14
Petrus 2002 12 x 75 £13,700 A 1 £15 30/09/13
Pichon Longueville Baron 2005 12 x 75 £925 A 1 £875 18/12/14
Pichon Longueville Comtesse de Lalande 2009 12 x 75 £975 A 1 £950 16/12/14
Rauzan Segla 2009 12 x 75 £700 A 8 £670 11/12/14
Sassicaia Tenuta San Guido 2009 6 x 75 £495 A 11 £500 23/04/14
Hot Bids
Wine Vintage Format Price Contract Qty Last Traded Date
Carruades de Lafite 2004 12 x 75 £1,500 A 4
Carruades de Lafite 2006 12 x 75 £1,400 A 4
Haut Brion 2004 12 x 75 £2,315 A 1 £2,390 17/12/14
Haut Brion 2008 12 x 75 £2,340 A 1 £2,365 10/02/15
Latour 2008 12 x 75 £3,200 A 2 £3,250 09/01/15
Le Petit Mouton 2009 12 x 75 £1,110 A 10 £1,140 23/01/15
Leoville Las Cases 2004 12 x 75 £915 A 1 £925 15/01/15
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
Margaux 2000 12 x 75 £5,700 A 1 £5,500 27/08/14
Montrose 2010 12 x 75 £1,505 A 1 £1,550 29/09/14
Mouton Rothschild 2000 12 x 75 £11,500 A 5 £10,900 24/12/14
Mouton Rothschild 2003 12 x 75 £3,130 A 1 £3,120 19/02/15
Mouton Rothschild 2004 12 x 75 £2,710 A 5 £2,770 19/02/15
Mouton Rothschild 2008 12 x 75 £2,840 A 1 £2,800 10/03/15
Pontet Canet 2009 12 x 75 £1,330 A 1 £1,350 19/02/15
Pontet Canet 2010 12 x 75 £1,250 A 3 £1,265 19/02/15
Smith Haut Lafitte Rouge 2010 12 x 75 £760 A 2 £765 04/12/14
Talbot 2009 12 x 75 £370 A 8 £370 12/12/14

Enjoy your week.

Daniel, Jean, Simon, Steph & Steve

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