Prices rise and fall in a mixed week

Attempting to judge the fine wine market at present is becoming increasingly tricky. There are no simple trends which emerge and trade has recently been flitting from busy to quiet one day to the next. Collectors and Trade are certainly looking for the stone that will ripple the fine wine Mill pond.

Trade has been a mixed bag of results over the past seven days with prices increasing for certain wines and decreasing for others. Top climber of the week was Angelus 2009 rising 14.95% in just six days, trading at £2500, whilst the biggest fall of the week was La Mission Haut Brion 2006, falling 11.5% in just over a month. Other notable trades were Latour 2002 at £3350 down 11% since January, Leoville Poyferre 2009 at £1425 (-1.75%) and Lynch Bages 2009 at £975 trading flat since December. It was also pleasing to see four cases of Mouton Rothschild 2000 go through at £10,000 on the back of last week’s update for which we have buyers looking for more.

Although trade had been relatively quiet, the last seven days have seen both the bid and offer positions grow with total live positions climbing 4% to £3.7million.

The offers have grown at a faster rate than the bids with 2141 cases for sale, with active markets totalling just over 1300.

This week we chose to highlight a wide range of wines from Bordeaux First Growths on the Hot Stocks list which are priced to move. Burgundy such as Faiveley Clos De Beze 2009, Roumier Bonnes Mares 1999, plus DRC wines at the best UK price. Other top picks are Italians from Conterno, Gaja and Giacosa as well as some very keenly priced 99 Parker pointed Aussie wines from Torbreck and Two Hands. Something for every palate this week.

Hot Bids
Wine Vintage Format Cases Bid Last Traded £ Date
Batailley 2009 12 x 75 2 £290 £290 16-Sep
Beychevelle 2007 12 x 75 3 £535 £520 11-Feb
Beychevelle 2007 6 x 75 2 £265 £260 11-Feb
Cheval Blanc 1998 12 x 75 1 £3,500 £3,150 22-Oct
Cos d’Estournel 2007 12 x 75 20 £630
Cos d’Estournel 2009 6 x 75 2 £1,000 £1,000 12-Feb
Ducru Beaucaillou 2008 12 x 75 4 £745 £750 18-Dec
Grand Puy Lacoste 2006 12 x 75 9 £300 £300 02-Jan
Haut Brion 2000 3 x 150 1 £2,750 £2,500 03-Dec
Haut Brion 2004 12 x 75 1 £2,450 £2,400 28-Nov
Lafite Rothschild 2003 12 x 75 1 £6,650 £6,650 29-Jan
Latour 2006 12 x 75 4 £3,600 £3,600 07-Feb
Le Petit Mouton 2006 6 x 75 20 £520 £520 10-Feb
Le Petit Mouton 2009 6 x 75 19 £520 £525 22-Feb
Leoville Barton 2008 12 x 75 10 £380 £380 24-Feb
Leoville Poyferre 2007 12 x 75 28 £365 £365 14-Feb
Lynch Bages 2007 12 x 75 1 £680 £680 05-Sep
Malescot St Exupery 2004 12 x 75 1 £325 £325 13-Jun
Montrose 2003 12 x 75 10 £1,450 £1,440 19-Feb
Montrose 2008 12 x 75 6 £555 £555 19-Feb
Montrose 2010 12 x 75 2 £1,350 £1,350 28-Jan
Mouton Rothschild 2001 12 x 75 1 £2,760 £2,760 13-May
Mouton Rothschild 2004 12 x 75 1 £2,850 £2,850 30-Jan
Mouton Rothschild 2008 12 x 75 2 £3,000 £3,000 21-Feb
Ornellaia 2004 6 x 75 1 £750 £750 10-Dec
Pichon Lalande 2003 12 x 75 50 £970 £1,000 21-Nov
Smith Haut Lafitte Rouge 2010 12 x 75 2 £760 £770 24-Sep
Troplong Mondot 2005 12 x 75 2 £1,500 £1,500 02-May

Hot Offers
Wine Vintage Format Cases Offer Last Traded £ Date
Ausone 2008 12 x 75 3 £4,100 £4,400 17-Jan
Brovia Ca Mia 2008 6 x 75 5 £220
Bruno Giacosa Barberesco Asilli 2007 6 x 75 1 £500
Calon Segur 2000 12 x 75 1 £720 £650 04-Dec
Carruades de Lafite 2010 6 x 75 1 £720 £760 21-Jan
Cheval Blanc 2000 12 x 75 1 £5,550
Clinet 2009 6 x 75 2 £1,050 £1,060 25-Feb
Cos d’Estournel 2009 12 x 75 1 £2,000 £2,000 12-Feb
Domaine Leflaive Batard Montrachet 2009 3 x 150 1 £1,225
Domaine Leflaive Batard Montrachet 2009 6 x 75 1 £1,225
Domaine Leflaive Puligny Monrachet Folatiers 2009 6 x 75 1 £530
DRC Grand Echezeaux 2005 6 x 75 1 £6,000
DRC La Tache 2002 6 x 75 1 £10,000
DRC La Tache 2005 6 x 75 1 £8,250
DRC Romanee Conti 2001 6 x 75 1 £40,000
DRC Romanee St Vivant 2009 6 x 75 1 £5,800
Faiveley Chambertin Clos de Beze 2009 6 x 75 1 £1,140
Forts de Latour 2009 12 x 75 1 £1,330 £1,330 21-Feb
Forts de Latour 2010 12 x 75 1 £1,525 £1,630 23-Sep
Gaja Costa Russi 2006 6 x 75 1 £1,300
Georges Roumier Bonnes Mares 1999 6 x 75 1 £5,000
Giacomo Conterno Cascina Francia 2009 12 x 75 1 £900 £850 07-Feb
Haut Brion 2001 12 x 75 1 £2,680
Haut Brion 2004 12 x 75 1 £2,500 £2,400 28-Nov
Haut Brion 2006 12 x 75 1 £2,480 £2,480 14-Jan
Haut Brion 2009 12 x 75 1 £5,350 £5,550 18-Nov
Haut Brion 2010 6 x 75 1 £3,000 £2,700 02-Jan
Haut Brion 2010 12 x 75 1 £5,395 £5,400 02-Jan
Hudelot Noellat RSV 2006 6 x 75 1 £1,300
L’Eglise Clinet 2004 12 x 75 1 £850
L’Eglise Clinet 2006 12 x 75 1 £1,250 £1,580 30-Jul
La Mission Haut Brion 2005 12 x 75 2 £3,250 £3,300 15-Sep
La Mission Haut Brion 2006 12 x 75 1 £1,300 £1,440 15-Jan
Lafite 1996 12 x 75 1 £7,875
Lafite 1996 6 x 75 1 £3,975
Lafite 2004 12 x 75 1 £5,300 £5,150 30-Jan
Lafite 2009 6 x 75 1 £3,225 £3,275 30-Jan
Lafleur 1990 6 x 75 1 £5,400
Latour 2004 12 x 75 1 £3,450 £3,310 30-Jan
Latour 2005 12 x 75 1 £6,500 £7,250 06-Sep
Latour 2008 12 x 75 1 £3,825 £4,200 24-Oct
Latour 2009 12 x 75 1 £9,650
Latour 2009 6 x 75 2 £4,575
Latour 2010 6 x 75 1 £2,450
Le Pin 2004 3 x 75 2 £3,100
Le Pin 2008 6 x 75 2 £5,300
Leoville Poyferre 2009 12 x 75 1 £1,425 £1,425 24-Feb
Malescot St Exupery 2009 12 x 75 1 £600 £600 11-Nov
Margaux 2009 6 x 75 2 £2,650
Margaux 2010 3 x 75 2 £1,400
Mouton Rothschild 2002 12 x 75 1 £2,825 £2,820 08-Nov
Mouton Rothschild 2005 12 x 75 2 £3,900 £4,080 04-Oct
Mouton Rothschild 2006 12 x 75 1 £3,400 £3,400 30-Jan
Mouton Rothschild 2006 6 x 75 2 £1,690 £1,700 30-Jan
Mouton Rothschild 2009 6 x 75 1 £2,500 £4,675 14-Feb
Palmer 2005 12 x 75 1 £1,800 £1,775 07-Feb
Pavillon Rouge 2008 12 x 75 1 £910 £930 14-Jan
Penfolds St Henri Shiraz 2008 6 x 75 8 £225 £230 18-Sep
Pichon Baron 2003 12 x 75 1 £940 £940 15-Jun
Pichon Lalande 2008 12 x 75 1 £720 £740 10-Sep
Pontet Canet 2009 12 x 75 1 £1,495 £1,480 21-Feb
Pontet Canet 2010 6 x 75 1 £700 £695 04-Feb
Ornellaia 2008 6 x 75 1 £675 £660 28-Nov
Torbreck Run Rig 2001 6 x 75 1 £600
Torbreck Run Rig 2002 6 x 75 3 £600
Torbreck The Factor 2005 6 x 75 2 £280
Troplong Mondot 2009 12 x 75 1 £1,025
Trotanoy 2010 3 x 150 1 £900 £950 05-Feb
Two Hands Zippys Block Shiraz 2005 6 x 75 3 £370

We are still looking out for large cellar collections on behalf of some of our new members. If you have significant holdings of Bordeaux, Burgundy, Champagne, Italian, Rhone and USA wines, and you would like to move these easily in batch parcels, then do get in touch. Please email us at trading@cavex.co.uk with your portfolio listing and we would be happy to assist where possible.

Best wishes

Steve, Daniel, Simon & Jean

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.

Click here for Cavex Cru

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.

Click here for more details…

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 […]

Read more

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 […]

Read more