Small signs of growth returning to the market?

There were subtle hints of growth all round during the past week at Cavex. Bid value grew by 1% taking the bids back over the £4 million mark and with over £200,000 of new offers placed overall activity has been steadily building.

Although still dominating trades on the exchange, Bordeaux lost market share to Burgundy and Italy throughout the week. However there has been a developing trend with prices for the majority of wines exchanging upwards from their most recent trades. A positive sign for the market after the lull these last few weeks.

Trade highlights of the week:

  • Biggest Climber – Lynch Bages 2008 £380 (6) + 7.0% since 09/14
  • Leoville Barton 2003 £690 + 6.2% since 10/14
  • Pavillon Rouge 2009 £930 + 2.7% since 12/14
  • Biggest Faller – Conseillante 2009 £1,230 – 12.1% since 03/14
  • La Tache 2009 £6,160 – 3.8% since 06/13
  • Cos d’Estournel 2008 £605 – 2.4% since 10/14

The latest hot stocks list some very well priced positions. A rarely seen offering of La Violette 2009 at £1,150 per 6, Duhart Milon 2009 at £575 trading steadily (with further stock to go) and a brace of Lafleur 1998 at £1,700. For those members looking for Bordeaux 2005’s there are still a few deals to be found on the exchange alongside a five case parcel of Mouton Rothschild 2005 at £4,400 per dozen.

Buyers this week are hunting for predominantly Bordeaux in vintages 2004, 2006, 2007 and 2008 although we have taken requests for 1990’s First Growths and strong second growths from 1990 to 2000. If you are in a position to offer wines for sale please do get in touch at trading@cavex.co.uk and we’ll be happy to help.

Hot Offers
Wine Vintage Format Price Contract Qty Last Traded Date
Ausone 2007 6 x 150 £2,700 A 3
Clerc Milon 2008 12 x 75 £400 A 23 £380 04/04/14
Duhart Milon 2009 12 x 75 £575 A 16 £565 25/01/15
Echezeaux DRC 1999 6 x 75 £5,000 C 1
Echezeaux DRC 2005 6 x 75 £3,800 A 1 £3,690 27/01/15
Grand Puy Lacoste 2006 12 x 75 £340 A 10 £320 20/06/14
L’Evangile 2005 12 x 75 £1,550 A 1
La Confession 2004 12 x 75 £180 A 3
La Mission Haut Brion 2006 12 x 75 £1,265 A 1 £1,200 08/01/15
La Violette 2009 6 x 75 £1,150 A 3
Lafite Rothschild 2005 12 x 75 £6,075 A 1 £5,550 25/09/14
Lafite Rothschild 2007 12 x 75 £4,430 A 1 £4,450 08/01/15
Lafleur 1998 6 x 75 £1,800 C 2
Le Pin 2005 3 x 150 £9,000 A 9 £9,500 10/06/14
Margaux 2006 6 x 75 £1,390 A 2 £1,340 07/01/15
Montrose 2000 12 x 75 £1,100 A 2 £1,100 24/02/15
Mouton Rothschild 2005 12 x 75 £4,400 A 5 £4,050 21/01/15
Ornellaia 2009 6 x 75 £580 A 5 £580 04/03/15
Pavie 2007 12 x 75 £1,440 A 2 £1,480 05/01/15
Richebourg DRC 1999 6 x 75 £12,000 C 1
Romanee St Vivant DRC 2005 6 x 75 £6,600 A 4 £7,200 09/01/14
Unico Reserva Especial Vega Sicilia 2004 3 x 75 £430 A 8
Hot Bids              
               
Wine Vintage Format Price Contract Qty Last Traded Date
Angelus 2005 12 x 75 £2,400 A 1 £2,200 04/10/14
Carruades de Lafite 2007 12 x 75 £1,500 A 1 £1,550 06/03/15
Carruades de Lafite 2008 12 x 75 £1,520 A 5 £1,520 04/03/15
Clerc Milon 2008 12 x 75 £390 A 23 £380 04/04/14
Domaine de Chevalier 2009 12 x 75 £450 A 5
Ducru Beaucaillou 2004 12 x 75 £820 A 1 £810 13/11/14
Ducru Beaucaillou 2009 6 x 75 £880 A 4 £745 14/07/14
Duhart Milon 2009 12 x 75 £565 A 6 £565 27/02/15
Haut Brion 2001 12 x 75 £2,350 A 1 £2,375 12/12/14
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
Lafite Rothschild 2008 12 x 75 £4,900 A 1 £4,850 09/01/15
Lafite Rothschild 2009 12 x 75 £5,850 A 1 £6,000 25/02/15
Latour 2001 12 x 75 £3,175 A 1 £3,230 10/01/15
Latour 2004 12 x 75 £3,160 A 1 £3,160 23/02/15
Le Petit Mouton 2009 12 x 75 £1,110 A 10 £1,140 23/01/15
Lynch Bages 2006 12 x 75 £780 A 12 £780 14/01/15
Lynch Bages 2008 12 x 75 £740 A 30 £720 06/11/14
Montrose 2006 12 x 75 £510 A 1 £500 31/07/14
Montrose 2008 12 x 75 £500 A 1 £500 04/12/14
Montrose 2010 12 x 75 £1,505 A 1 £1,550 29/09/14
Palmer 2000 12 x 75 £2,010 A 1 £2,010 17/02/15
Palmer 2010 12 x 75 £2,125 A 1 £2,150 04/03/15

Enjoy your week.

Daniel, Jean, Simon, Steph & Steve

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