Trades over the past week have continued to centre around the strengthening demand for Bordeaux First Growths with 66% focusing on the top five Chateaux alone. A clear trend emerging is that buyers are picking up stock from vintages 2002, 2003, 2004, 2006 and 2008 where prices have fallen close to levels seen back in 2010. Whilst more stellar vintages such as 2005 continue to trade, activity shows that these are not proving as popular. However this is a debate between collectors holding on to these stellar vintages and buyers looking for vintages where prices have significantly fallen over the last two to three years.
Notable trades through the week saw Mouton Rothschild continue to lead the pack with multi vintage trades for 2003 at £2,980 (-1.8% 06/14), 2004 at £2,600 (-0.8% 07/14) with the 2002 raising 1.5% since May trading at £2,740. The 2006 did buck a trend of Mouton holding prices better than its peers with a fall of 8.4% since May trading at £2,950 per dozen. Two other big fallers came from Lafite Rothschild 2004 trading at £4,450 per 12 down 11.5% since March and Latour 2008 dropping a surprising 13.5% since March to £3,200. Outside of the First Growths Yquem 2001 traded at £3,600 per 12 and the biggest climb of the week went to Conseillante 2009 up 7.7% since March this year trading at £1,400.
Whilst there has been some reduction in overall positions this week, with total value dipping just below £4 million, Cavex has seen a significant volume of trading activity and £200,000 worth of new positions placed. Bidders are equally returning with the bid to offer ratio climbing to 0.87:1, the biggest increase since May.
Hot Bids for the week centre around strong bids for Beychevelle across multi vintages as well as Pavillon Rouge and other second wines. With stock appearing to be less readily available in the UK of these wines, buyers are trying to find those able and willing to supply stock. Off vintage First Growths by no surprise feature and strong bids are continuing to appear for the trio of Leovilles’.
Sellers this week are offering some very keenly priced wines. First Growths continue to be offered with big names such as Lafite 2000 at £11,195 down from its last traded price of £11,300 in late June. Mouton 1998 at £1,505 per six is looking like a very good deal for immaculate looking stock. Do take a further look through the Hot Offers below and the attached latest offerings as there are many wines looking to be traded at great prices and awaiting that bid.
|Angelus||2009||12 x 75||2||£2,370||£2,500||26/02/14|
|Ausone||2008||12 x 75||2||£3,750||£3,750||04/07/14|
|Carruades de Lafite||2010||6 x 75||2||£695||£695||30/06/14|
|Grand Puy Lacoste||2010||12 x 75||9||£520||£520||23/05/14|
|Guigal Cote Rotie Mouline||2009||12 x 75||1||£3,520||£3,640||09/05/14|
|Guigal Cote Rotie Turque||2005||12 x 75||1||£3,800||–||–|
|Haut Brion||2002||12 x 75||1||£2,270||£2,320||24/12/13|
|Haut Brion||2003||6 x 75||2||£1,200||£1,210||30/04/14|
|Haut Brion||2008||12 x 75||2||£2,500||£2,450||10/06/14|
|L’Eglise Clinet||2009||6 x 75||2||£1,515||£1,515||02/07/14|
|L’Evangile||2005||12 x 75||1||£1,600||–||–|
|La Fleur Petrus||2010||6 x 75||2||£750||£760||20/02/14|
|Lafite Rothschild||2000||12 x 75||1||£11,195||£11,300||30/06/14|
|Lafite Rothschild||2002||6 x 150||2||£4,700||£4,800||04/07/14|
|Lafite Rothschild||2005||12 x 75||1||£5,750||£5,725||04/07/14|
|Latour||2002||6 x 75||2||£1,650||£1,650||17/06/14|
|Latour||2005||12 x 75||1||£5,750||£6,200||12/06/14|
|Latour||2008||12 x 75||1||£3,395||£3,200||16/07/14|
|Le Pin||2005||3 x 150||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||£575||£640||12/04/14|
|Les Forts de Latour||2008||12 x 75||10||£1,195||£1,195||09/06/14|
|Les Forts de Latour||2010||12 x 75||4||£1,440||£1,630||23/09/13|
|Margaux||2003||12 x 75||1||£3,650||£3,600||12/02/14|
|Montrose||2006||12 x 75||1||£530||£530||08/07/14|
|Mouton Rothschild||1998||6 x 75||2||£1,505||£1,500||26/06/14|
|Mouton Rothschild||2005||12 x 75||1||£3,400||£3,400||11/07/14|
|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|
|Pontet Canet||2009||12 x 75||1||£1,390||£1,400||07/07/14|
|Tardieu Laurent Chateauneuf du Papes VV||2009||12 x 75||5||£230||£230||31/03/14|
|Tenuta dell’Ornellaia Ornellaia||2008||6 x 75||1||£660||£660||28/11/14|
|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||20||£540||£540||04/07/14|
|Beychevelle||2008||12 x 75||17||£535||£530||04/07/14|
|Beychevelle||2009||12 x 75||5||£540||£550||11/12/13|
|Clinet||2010||12 x 75||1||£900||£900||27/06/14|
|Duhart Milon||2008||12 x 75||10||£460||£450||16/07/14|
|Guigal Cote Rotie Landonne||2005||12 x 75||1||£3,800||–||–|
|Guigal Cote Rotie Landonne||2009||3 x 75||1||£910||£910||09/05/14|
|Haut Brion||2006||12 x 75||1||£2,180||£2,180||11/07/14|
|Haut Brion||2008||12 x 75||1||£2,250||£2,200||15/07/14|
|La Chapelle de la Mission||2007||12 x 75||1||£400||–||–|
|La Fleur Petrus||2006||6 x 75||1||£600||£545||06/03/14|
|Latour||2002||12 x 75||1||£3,300||£3,300||17/06/14|
|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|
|Leoville Barton||2000||12 x 75||5||£820||£800||04/04/14|
|Leoville Las Cases||2000||12 x 75||5||£1,900||£1,900||07/05/14|
|Leoville Las Cases||2004||12 x 75||2||£880||–||–|
|Leoville Las Cases||2008||12 x 75||2||£860||£850||22/04/14|
|Les Forts de Latour||2001||12 x 75||1||£1,400||–||–|
|Margaux||2007||12 x 75||1||£2,600||£2,600||15/07/14|
|Montrose||2000||12 x 75||4||£1,015||£1,015||27/06/14|
|Mouton Rothschild||2001||12 x 75||1||£2,760||£2,760||28/03/14|
|Mouton Rothschild||2002||12 x 75||2||£2,740||£2,700||15/07/14|
|Mouton Rothschild||2003||12 x 75||1||£2,950||£2,980||15/07/14|
|Palmer||2000||12 x 75||1||£1,850||£1,700||09/10/13|
|Pavie||2003||12 x 75||1||£1,850||£1,800||02/05/14|
|Pavillon Rouge||2000||12 x 75||4||£1,340||£1,340||14/08/13|
|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||£880||£890||23/03/14|
|Pavillon Rouge||2009||12 x 75||9||£900||£900||10/07/14|
|Smith Haut Lafitte Rouge||2010||6 x 75||1||£400||£400||12/06/14|
|Tenuta San Guido Sassicaia||2007||12 x 75||5||£1,240||£1,240||18/03/14|
Enjoy the week ahead
Steve, Daniel, Simon & Jean.
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