£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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