£400k of new positions. First Growths continue to lead trading activity. Burgundy Highlights.

Trading activity has been slightly slower this past week. However, we have seen plenty of action in new bids and offers placed as the total value of live positions spikes back over the £4 million mark for the first time since early May – a rise of 6%. It’s also pleasing to see bidding activity rise 3% with many Asian buyers returning after a few quiet weeks. 
Bidding activity has centered on a mixture of First Growths, though Beychevlle appears back in demand after keen bid prices were placed with solid quantities being sought. Sellers continue to offer First Growths and there’s a great range of vintages from 1986 through to 2008 on offer. The majority of these are not only available immediately, but are the UK’s best priced by some margin. Check out the hot offers highlighted below or follow the usual link for a more detailed list of this week’s new positions.

Although a relatively quiet week as the summer begins, we’ve still seen some trades of notable interest. In particular DRC’s La Tache 2005 trading at £6,100 per 3. DRC trades have been few and far between recently. Second wines of the Bordeaux First Growths have also been trading less frequently these past few months, but bidding activity has been on the increase with Carruades 2010 trading at £1,390 and Forts de Latour 2009 at £1,270. May this interest continue to rise!

This week we have decided to highlight the keenest Burgundy wines for offer on the Cavex platform. Readers of the wine press will know that Burgundy has suffered another catastrophic hail storm with an estimated 3,000 hectares of vines damaged on Saturday 28th June. Pommard appears to have been hit worst with 70-90% of damage to the appellation. With tough growing conditions and freak weather taking its toll on supply over recent years, it’s worth taking a look at back vintages of Burgundy whilst they’re still available at accessible prices. With high demand already squeezing prices, continued events like this will only have an effect on the value of these wines in coming months.

Lastly, Cavex’s development plan continues to roll out. With data building up in the background, which has been generated solely from the platform, we find ourselves in a position to now activate the trading graphs. Where a set minimum is required to trade in order to activate each graph, this new function allows members to quickly view the valuable trading history for the selected product since Cavex’s launch 16 months ago. 

As always, your feedback on our developments is most welcome. Feel free to email us at info@cavex.co.uk. We’d be delighted to hear from you.

Burgundy Highlights
Wine Vintage Format Qty Offer
Bienvenues Batard Montrachet Domaine Leflaive 2008 6 x 75 1 £1,200
Bonnes Mares Comte Vogue 2005 3 x 75 1 £1,050
Bonnes Mares Comte Vogue 2008 6 x 75 1 £1,000
Bourgogne Rouge Meo Camuzet 2011 12 x 75 1 £150
Bourgogne Rouge Meo Camuzet 2010 12 x 75 1 £150
Chambolle Musigny Confuron Cotetidot 2009 6 x 75 1 £175
Chambolle Musigny Confuron Cotetidot 2010 6 x 75 1 £175
Chambolle Musigny Cras Ghislaine Barthod 2005 12 x 75 1 £1,700
Charmes Chambertin Taupenot Merme 2010 6 x 75 1 £420
Clos de Tart Mommessin 2009 6 x 75 1 £1,100
Clos Mouches Blanc Joseph Drouhin 2009 6 x 75 2 £250
Clos Mouches Blanc Joseph Drouhin 2010 6 x 75 6 £265
Clos Vougeot Alain Hudelot Noellat 2008 6 x 75 1 £375
Gevrey Chambertin Champs Chenys Joseph Roty 2009 12 x 75 1 £300
Gevrey Chambertin Cuvee Bertin Lignier Michelot 2009 6 x 75 2 £130
Grands Echezeaux Domaine Romanee-Conti 2004 6 x 75 1 £3,300
Grands Echezeaux Domaine Romanee-Conti 2006 6 x 75 1 £3,700
Grands Echezeaux Joseph Drouhin 2005 6 x 75 2 £1,300
Meursault Genevrieres Bouchard Pere et Fils 2007 12 x 75 1 £350
Meursault Sous Le Dos D’Ane Domaine Leflaive 2009 12 x 75 1 £700
Montrachet Marquis de Laguiche Joseph Drouhin 2010 6 x 75 2 £1,450
Morey St Denis En la Rue de Vergy Lignier Michelot 2009 6 x 75 4 £125
Morey St Denis En la Rue de Vergy Lignier Michelot 2010 6 x 75 1 £125
Morey St Denis Les Chenevery Lignier Michelot 2009 6 x 75 4 £185
Morey St Denis Riotte Domaine Taupenot Merme 2010 12 x 75 1 £510
Musigny Comte Vogue 2008 12 x 75 1 £3,900
Musigny Comte Vogue 2009 6 x 75 1 £2,750
Musigny Comte Vogue 2010 3 x 75 1 £1,350
Musigny Comte Vogue 2011 3 x 75 2 £950
Pommard Croix Noire Courcel 2009 6 x 75 3 £190
Pommard Croix Noire Courcel 2010 6 x 75 11 £210
Pommard Fremiers Courcel 2009 6 x 75 3 £195
Pommard Grand Clos des Epenots Courcel 2009 6 x 75 2 £245
Pommard Rugiens Domaine du Pavillon 2009 6 x 75 1 £180
Richebourg Domaine Romanee-Conti 2004 3 x 75 1 £1,950
Richebourg Domaine Romanee-Conti 2006 3 x 75 1 £2,150
Romanee St Vivant Alain Hudelot Noellat 2009 6 x 75 1 £2,200
Romanee St Vivant Domaine Romanee-Conti 2003 3 x 75 1 £2,400
Romanee St Vivant Domaine Romanee-Conti 2004 3 x 75 1 £1,700
Romanee St Vivant Domaine Romanee-Conti 2005 6 x 75 4 £7,000
Romanee St Vivant Jean-Jacques Confuron 2010 6 x 75 3 £1,700
Romanee St Vivant Jean-Jacques Confuron 2011 6 x 75 1 £1,200
Tache Domaine Romanee-Conti 2002 6 x 75 1 £8,750
Volnay Fremiets Henri Boillot 2010 12 x 75 1 £385
Vosne Romanee Beaux Monts Dujac 2009 6 x 75 1 £985
Vosne Romanee Malconsorts Clos Frantin 2009 6 x 75 1 £300
Vosne Romanee Reignots Robert Arnoux 2004 6 x 75 1 £360

Hot Offers
Wine Vintage Format Qty Offer Last Traded Date
Angelus 2009 12 x 75 2 £2,370 £2,500 26/02/14
Ausone 2004 12 x 75 2 £3,150 £3,150 23/01/14
Ducru Beaucaillou 2008 12 x 75 1 £745 £750 18/04/14
Duhart Milon 2010 12 x 75 4 £560 £600 04/02/14
Grand Puy Lacoste 2010 12 x 75 9 £520 £520 23/05/14
Haut Brion 1996 12 x 75 2 £2,560 £2,850 05/02/14
Haut Brion 2000 12 x 75 1 £4,920 £5,000 03/12/13
Haut Brion 2005 12 x 75 2 £4,100 £4,100 02/07/14
Haut Brion 2006 12 x 75 4 £2,400 £2,450 09/04/14
Il Poggione Brunello di Montalcino 2004 6 x 75 1 £170 £170 06/02/14
L’Eglise Clinet 2009 6 x 75 3 £1,515 £1,515 02/07/14
La Chapelle de la Mission Haut Brion 2007 12 x 75 15 £425 - -
La Fleur Petrus 2009 6 x 75 1 £825 £825 01/04/14
Lafite Rothschild 1996 12 x 75 1 £7,000 £7,750 03/03/14
Lafite Rothschild 2000 12 x 75 1 £11,200 £11,300 30/06/14
Lafite Rothschild 2002 6 x 150 2 £4,700 £4,800 26/06/14
Lafite Rothschild 2003 6 x 75 4 £3,100 £3,325 20/03/14
Lafite Rothschild 2005 12 x 75 1 £5,750 £5,950 27/06/14
Latour 2003 6 x 75 1 £3,100 £3,100 02/05/14
Latour 2005 12 x 75 1 £6,100 £6,200 12/06/14
Latour 2008 12 x 75 1 £3,450 £3,700 04/03/14
Le Pin 2005 3 x 1500 9 £9,500 £9,500 10/06/14
Leoville Barton 2005 12 x 75 1 £640 £650 02/05/14
Leoville Barton 2009 12 x 75 4 £590 £640 12/04/14
Les Forts de Latour 2008 12 x 75 10 £1,200 £1,195 09/06/14
Les Forts de Latour 2010 12 x 75 4 £1,550 £1,630 23/09/13
Lynch Bages 2009 12 x 75 1 £975 £975 25/02/14
Margaux 1996 12 x 75 1 £3,720 £3,790 12/06/14
Margaux 2000 12 x 75 2 £6,000 £6,700 03/12/13
Margaux 2010 6 x 75 3 £2,580 £2,660 30/10/14
Masseto 2010 3 x 75 2 £1,140 - -
Ornellaia 2008 6 x 75 1 £660 £660 28/11/14
Pavillon Rouge 2010 12 x 75 4 £920 £930 07/02/14
Phelan Segur 2009 12 x 75 1 £260 £265 31/03/14
Pichon Baron 2009 12 x 75 2 £995 £1,050 19/05/14
Tardieu Laurent Chateauneuf du Papes VV 2009 12 x 75 3 £230 £230 31/03/14

Hot Bids
Wine Vintage Format Qty Bid Last Traded Date
Beychevelle 2005 12 x 75 10 £660 £660 10/06/14
Beychevelle 2006 12 x 75 10 £550 £520 11/02/14
Beychevelle 2007 12 x 75 3 £550 £560 03/03/14
Beychevelle 2008 12 x 75 16 £535 £535 20/06/14
Clinet 2010 12 x 75 1 £900 £900 27/06/14
Clos Papes Chateauneuf Du Pape 2004 12 x 75 10 £320 £320 31/05/14
Ducru Beaucaillou 2002 12 x 75 1 £755 £755 14/10/13
Ducru Beaucaillou 2007 12 x 75 10 £730 £750 24/12/13
Ducru Beaucaillou 2008 12 x 75 1 £720 £750 18/04/14
Grand Puy Lacoste 2006 12 x 75 10 £320 £320 20/06/14
Guigal Cote Rotie Ladonne 2009 3 x 75 1 £910 £910 09/05/14
Haut Brion 2007 12 x 75 1 £2,300 £2,300 26/06/14
La Fleur Petrus 2006 6 x 75 1 £600 £545 06/03/14
Lafite Rothschild 2002 12 x 75 3 £4,800 £4,800 26/06/14
Latour 2002 12 x 75 1 £3,300 £3,300 17/06/14
Le Petit Mouton 2005 6 x 75 10 £575 £600 06/12/13
Le Petit Mouton 2006 12 x 75 20 £1,035 £1,040 10/02/14
Le Petit Mouton 2007 12 x 75 20 £1,035 £1,040 13/02/14
Le Petit Mouton 2008 12 x 75 19 £1,035 £1,035 25/06/14
Le Petit Mouton 2009 12 x 75 10 £1,045 £1,070 27/03/14
Leoville Las Cases 2000 12 x 75 5 £1,900 £1,900 07/05/14
Leoville Las Cases 2008 12 x 75 2 £860 £850 22/04/14
Leoville Poyferre 2006 12 x 75 2 £360 £360 20/06/14
Leoville Poyferre 2007 12 x 75 28 £365 £365 14/02/14
Les Forts de Latour 2001 12 x 75 1 £1,400 - -
Malescot St Exupery 2004 12 x 75 1 £325 £325 13/06/13
Margaux 1999 12 x 75 1 £3,000 £3,000 23/06/14
Montrose 2000 12 x 75 4 £1,015 £1,015 27/06/14
Montrose 2004 12 x 75 1 £510 £515 06/01/14
Mouton Rothschild 2001 12 x 75 1 £2,760 £2,760 28/03/14
Mouton Rothschild 2002 12 x 75 3 £2,740 £2,700 05/05/14
Mouton Rothschild 2008 12 x 75 1 £2,725 £2,720 26/06/14
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
Pavie 2003 12 x 75 1 £1,840 £1,800 02/05/14
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 2005 12 x 75 3 £970 £970 09/06/14
Pavillon Rouge 2008 12 x 75 10 £900 £890 21/03/14
Pavillon Rouge 2009 12 x 75 10 £900 £900 31/03/14
Richebourg DRC 2004 3 x 75 1 £1,850 £1,800 21/03/14
Smith Haut Lafitte Rouge 2010 12 x 75 3 £800 £800 12/06/14
Smith Haut Lafitte Rouge 2010 6 x 75 1 £400 £400 12/06/14
Trotanoy 2009 6 x 75 1 £1,080 £1,080 06/03/14

Enjoy the weekend.

Steve, Daniel, Simon and Jean

 

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