News from Asia, bid growth of 12% as total positions hit £6.2 million

You may have noticed the short pause in weekly updates recently. This was due to Cavex expanding its network in Asia for the past two weeks with much to report. In the meantime, it’s been very pleasing to see overall position value pass the £6 million mark for the first time in Cavex’s history. Bid value has grown by 7% up to £4.15 million with bidding activity rising by 12%. Sellers have also been active with £750,000 of stock uploaded for offer during the same period with a total of 2100 cases ready and available for trade in over 2000 markets. The bid to offer ratio has likewise climbed and reached an all time high of 2.05:1 indicating that buyers continue to look for stocks.

Whilst the general market has experienced some inconsistent trading patterns of late, our findings in Asia were clear in that demand is still very much present. However this is at a price. Not only are there stock surpluses, but currency rates continue to play their part quite strongly. Competition is fierce on price and for merchants to remain competitive it’s all about the best prices and sources of stock. All this has to be done without holding too much stock as values have continued to fall globally particularly for Bordeaux vintages.

The most positive feedback from our business trip is that Cavex is helping our Asian members access some of the best UK stock at the most competitive price. Through the Cavex platform, we are facilitating the sale of prime secondary market stock at the lowest UK margins for private collectors, connecting them to global merchants looking for solid stock with sound provenance.

For all UK parties looking to sell wines and meet Asian buyers, the risks are significantly reduced as all stocks remain with their owners until wines are released upon receipt of funds.

Thus ensuring all sellers remain in control of their assets until the last possible moment. Shipments are then collected direct with settlement made once the stock is back at the nominated shippers warehouse and verified. Cavex don’t have payment runs, we transfer funds the day we receive confirmation of sound receipt ensuring sellers are paid as quickly as possible. This is the same of UK inter-bond transfers with the average settlement period being 17 days from match to completion.

Cavex is proud to ensure we’re the lowest cost for any seller of fine wine in the UK. We keep things simple with one low headline commission of 3%. No other fees apply, meaning better returns for sellers and therefore a keener price to the buyer. Spreads are naturally tighter as all parties deal direct with each other.

For sellers looking to move stocks, with £4.15 million worth of bids with which to engage and interact, it’s an opportune time to upload those portfolios as the run into Christmas and Chinese New Year begins.

For our buyers, with excellent hot offers placed this past week such as Angelus 2008, Chave Hermitage 2009 and Guigal’s La La 2009’s and 2010’s, all at significantly best UK prices, it’s undeniably worth checking these out via the links below.

If you have any questions on how to get the best out of Cavex’s services, please do not hesitate to get in touch and we’ll be more than happy to help.

 

Hot Offers
Wine Vintage Format Qty Offer Last Traded Date
Angelus 2008 12 x 75 2 £1,665
Antinori Solaia 2010 6 x 75 1 £675 £675 09/08/14
Ausone 1998 12 x 75 2 £3,350 £3,500 27/10/14
Ausone 2003 12 x 75 1 £6,700 £7,250 07/04/14
Ausone 2008 12 x 75 1 £3,600 £3,750 04/07/14
Ausone 2008 6 x 75 2 £1,800 £1,875 04/07/14
Beaucastel CNDP 2010 3 x 75 6 £725
Beychevelle 2009 12 x 75 10 £570 £560 23/09/14
Carruades de Lafite 2010 6 x 75 2 £710 £700 14/11/14
Chave Hermitage Rouge 2009 12 x 75 1 £3,050
Clinet 2009 6 x 75 1 £950 £1,050 15/05/14
DRC Echezeaux 2005 6 x 75 1 £3,800
DRC Romanee St Vivant 2006 3 x 75 1 £1,725
Ducru Beaucaillou 2003 12 x 75 1 £1,050 £1,080 04/06/14
Duhart Milon 2005 12 x 75 3 £560 £550 03/07/14
Duhart Milon 2010 12 x 75 1 £525 £600 04/02/14
Eglise Clinet 2010 6 x 75 3 £1,375
Forts Latour 2010 12 x 75 2 £1,325 £1,275 04/08/14
Grand Puy Lacoste 2010 12 x 75 9 £520 £520 23/05/14
Guigal Cote Rotie Ladonne 2009 6 x 75 1 £1,500 £1,820 02/09/14
Guigal Cote Rotie Landonne 2010 12 x 75 1 £2,700
Guigal Cote Rotie Mouline 2009 6 x 75 1 £1,500 £1,820 09/05/14
Guigal Cote Rotie Mouline 2010 12 x 75 1 £2,700
Guigal Cote Rotie Turque 2009 6 x 75 1 £1,500 £1,820 09/05/14
Guigal Cote Rotie Turque 2010 12 x 75 1 £2,700
L’Eglise Clinet 2006 12 x 75 1 £1,300 £1,580 30/07/13
L’Eglise Clinet 2009 6 x 75 2 £1,475 £1,515 02/07/14
L’Evangile 2005 12 x 75 1 £1,550 £1,550 29/07/14
La Fleur Petrus 2009 6 x 75 1 £825 £825 01/04/14
La Fleur Petrus 2010 6 x 75 2 £740 £760 20/02/14
Lafite Rothschild 1996 12 x 75 1 £6,800 £6,820 22/09/14
Lafite Rothschild 2002 6 x 150 2 £4,350 £4,500 12/09/14
Latour 2002 12 x 75 1 £3,100 £3,160 17/10/14
Latour 2005 12 x 75 1 £5,750 £5,750 07/08/14
Latour 2007 12 x 75 2 £3,300 £3,400 16/01/14
Leoville Barton 2009 12 x 75 4 £615 £640 12/04/14
Louis Roederer Cristal 2006 6 x 75 2 £510
Lynch Bages 2006 6 x 150 2 £720 £730 14/10/14
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
Mouton Rothschild 2009 12 x 75 1 £4,600 £4,700 11/07/14
Pavie 2005 12 x 75 1 £2,250 £2,275 25/05/14
Pavie Decesse 2000 12 x 75 1 £900
Petit Mouton 2010 6 x 75 2 £540 £545 15/10/14
Tenuta Ornellaia Ornellaia 2008 6 x 75 2 £650 £660 28/11/13
Vieux Chateau Certan 2010 12 x 75 1 £2,160 £2,200 22/01/14

Hot Bids
Wine Vintage Format Qty Bid Last Traded Date
Angelus 1996 12 x 75 1 £1,650 £1,600 07/10/14
Armailhac 2008 12 x 75 5 £265 £260 02/09/14
Ausone 2006 12 x 75 5 £3,465 £3,400 05/09/14
Beychevelle 2006 12 x 75 10 £550 £535 26/09/14
Beychevelle 2008 12 x 75 20 £530 £530 04/07/14
Branaire Ducru 2005 6 x 150 1 £500 £450 04/10/14
Calon Segur 2003 12 x 75 10 £610 £600 28/10/13
Calon Segur 2005 12 x 75 2 £505 £500 28/10/14
Carruades de Lafite 2009 12 x 75 8 £1,470 £1,470 10/11/14
Carruades de Lafite 2010 12 x 75 1 £1,380 £1,370 28/10/14
Ducru Beaucaillou 2007 12 x 75 10 £730 £750 24/12/13
Ducru Beaucaillou 2008 12 x 75 10 £700 £745 14/07/14
Eglise Clinet 2008 12 x 75 1 £1,100 £1,200 28/10/14
Gruaud Larose 2001 12 x 75 2 £305 £285 10/09/13
Haut Bailly 2009 12 x 75 10 £1,050 £1,030 10/11/14
Haut Brion 1995 12 x 75 1 £2,770 £2,600 27/08/14
Haut Brion 2004 12 x 75 1 £2,310 £2,250 26/06/14
Lafite Rothschild 1998 12 x 75 2 £4,800 £4,800 23/10/14
Lafite Rothschild 2006 12 x 75 3 £4,400 £4,400 14/11/14
Lafleur 2004 6 x 75 2 £1,150 £1,090 18/08/14
Lagrange 2003 12 x 75 3 £310 £300 31/08/14
Latour 1996 12 x 75 2 £4,820 £4,820 13/11/14
Latour 2004 12 x 75 1 £3,060 £3,100 14/11/14
Latour 2006 12 x 75 1 £3,300 £3,100 06/08/14
Latour 2007 12 x 75 1 £3,130 £3,400 16/01/14
Leoville Barton 2000 12 x 75 5 £840 £800 04/04/14
Leoville Las Cases 2000 12 x 75 4 £1,925 £1,925 22/10/14
Lynch Bages 2007 12 x 75 3 £695 £680 05/09/14
Malescot St Exupery 2004 12 x 75 1 £325 £325 13/06/14
Margaux 1996 12 x 75 1 £3,820 £3,820 12/11/14
Montrose 1989 12 x 75 5 £2,100 £2,050 10/09/14
Montrose 2006 12 x 75 2 £500 £500 31/07/14
Montrose 2009 6 x 75 1 £900 £895 25/07/14
Mouton Rothschild 1996 12 x 75 20 £3,060 £3,050 05/08/14
Mouton Rothschild 2000 12 x 75 3 £10,500 £10,500 15/09/14
Mouton Rothschild 2003 12 x 75 4 £3,100 £3,000 29/09/14
Mouton Rothschild 2004 12 x 75 2 £2,705 £2,650 23/10/14
Mouton Rothschild 2005 12 x 75 5 £3,365 £3,250 19/08/14
Mouton Rothschild 2006 12 x 75 10 £2,970 £2,925 07/08/14
Mouton Rothschild 2003 12 x 75 3 £3,100 £3,100 03/11/14
Mouton Rothschild 2008 12 x 75 1 £2,710 £2,790 10/10/14
Pichon Baron 2003 12 x 75 1 £870 £830 27/05/14
Pichon Lalande 2002 12 x 75 1 £725 £600 31/08/14
Pontet Canet 2004 12 x 75 2 £465 £460 04/11/14
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

Have an enjoyable week.

Daniel, Jean, Simon & 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.

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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.

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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 […]

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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 […]

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