Active markets hit all time high as the Cavex team expands
There have been signs of growth in all areas this past week at Cavex as total exchange value creeps up to £6.23 million. Not only have both the bid and offer positions grown in value, but the number of active markets has hit an all-time high of 2280. For the first time in some weeks the number of offers placed has exceed that of bids, although the bid to offer ratio remains at 2.11:1 showing strong buying demand is still present.
Recent trades have seen the majority of these wines maintain their pricing levels from the last traded price data which is an encouraging sign for the market overall. There have been a few noted trades where prices have been a little more extreme in movement with biggest climber going to De Vogue’s Bonnes Mares 2010, up 13.7% since October trading at £1,580 per 6 x 75. Duhart Milon has returned to centre stage recently picking up strong multiple vintage bids with the 2008 trading 8.2% higher from September at £525 per dozen. Biggest fall of the week went to Ornellaia 2010 down 7.1% since this time last year whilst Latour 2007 took a tumble of 6.2% since the start of 2014. As usual all the latest trades can be viewed by clicking the link below taking you to the last 40 trades through the Cavex exchange.
This week’s new stock offers have seen a very high proportion of Burgundy Red and Whites placed for sale, with highlights from Arnoux Lachaux, Bonneau de Martray, Dujac,Fevre, Perrot Minot, Ponsot and Vougeraie to name a few. There are also a couple of great offers of Clos St Jean’s uber cuvees Combe des Fous and Deus Ex Machina alongside a great bargain in Cote Rotie 2001 from Rene Rostaing. Be sure to view all new positions placed on the below links in excel or PDF.
And finally, staying on the theme of growth at Cavex. This week the team expanded with the arrival of our latest member Stephanie Urwin. Steph will help to run our logistical operations which have been at full capacity for some time. She is formerly of Corney and Barrow and brings with her a wealth of experience and knowledge. She will be responsible for keeping all trades moving as efficiently as possible between counter parties. We would like to take this opportunity to welcome her aboard and introduce her to all members as she will undoubtedly be of huge benefit to the service that Cavex intends to continue providing.
| Hot Offers | |||||||
| Wine | Vintage | Format | Offer | Contract | Qty | Last Traded | Date |
| Angelus | 2001 | 12 x 75 | £2,215 | A | 1 | – | – |
| Ausone | 1998 | 12 x 75 | £3,350 | C | 1 | £3,300 | 25/11/14 |
| Ausone | 1999 | 12 x 75 | £3,300 | C | 2 | – | – |
| Ausone | 1999 | 6 x 75 | £1,650 | C | 2 | – | – |
| Ausone | 2003 | 12 x 75 | £6,700 | A | 1 | £7,250 | 07/04/14 |
| Brunello di Montalcino Sugarille Angelo Gaja | 2006 | 6 x 75 | £420 | A | 2 | – | – |
| Coutet | 2001 | 12 x 75 | £340 | A | 1 | – | – |
| Cristal Louis Roederer | 2006 | 6 x 75 | £510 | A | 2 | – | – |
| Dom Perignon Moet & Chandon | 2002 | 6 x 75 | £530 | A | 1 | – | – |
| Ducru Beaucaillou | 2001 | 12 x 75 | £800 | A | 1 | £730 | 31/08/14 |
| Grands Echezeaux DRC | 1993 | 6 x 75 | £4,000 | C | 1 | – | – |
| Mesnil Salon | 1999 | 6 x 75 | £960 | C | 1 | – | – |
| Mouton Rothschild | 1998 | 12 x 75 | £3,000 | C | 1 | £3,000 | 17/11/14 |
| Nuits St Georges Chaignots Henri Gouges | 2007 | 12 x 75 | £450 | A | 4 | – | – |
| Opus One Mondavi | 2010 | 6 x 75 | £950 | A | 2 | £950 | 19/11/14 |
| Pommard Croix Noire Courcel | 2010 | 6 x 75 | £210 | A | 6 | – | – |
| Puligny Montrachet Louis Carillon | 2007 | 12 x 75 | £275 | A | 1 | – | – |
| Rauzan Segla | 2002 | 12 x 75 | £415 | A | 3 | £415 | – |
| Sperss Angelo Gaja | 2008 | 6 x 75 | £670 | A | 5 | – | – |
| Hot Bids | |||||||
| Wine | Vintage | Format | Bid | Contract | Qty | Last Traded | Date |
| Bellevue Mondotte | 2005 | 12 x 75 | £1,925 | A | 1 | – | – |
| Calon Segur | 2010 | 6 x 75 | £300 | A | 2 | £280 | 19/03/14 |
| Cos d’Estournel | 2005 | 12 x 75 | £1,095 | A | 1 | £1,150 | 06/10/14 |
| Cos d’Estournel | 2006 | 12 x 75 | £710 | A | 2 | £710 | 17/09/14 |
| Duhart Milon | 2009 | 12 x 75 | £550 | A | 16 | £525 | 14/11/14 |
| Gloria | 2009 | 12 x 75 | £265 | A | 1 | – | – |
| Haut Bailly | 2009 | 12 x 75 | £1,050 | A | 10 | £1,030 | 10/11/14 |
| L’Eglise Clinet | 2008 | 12 x 75 | £1,100 | A | 1 | £1,200 | 28/10/14 |
| Lafite Rothschild | 2006 | 12 x 75 | £4,380 | A | 3 | £4,400 | 04/12/14 |
| Leoville Las Cases | 2008 | 12 x 75 | £880 | A | 2 | £890 | 09/09/14 |
| Leoville Poyferre | 2009 | 12 x 75 | £1,280 | A | 2 | £1,300 | 18/09/14 |
| Leoville Poyferre | 2010 | 12 x 75 | £750 | A | 1 | – | – |
| Lynch Bages | 2009 | 12 x 75 | £930 | A | 1 | £935 | 14/11/14 |
| Margaux | 2008 | 12 x 75 | £2,570 | A | 1 | £2,650 | 21/10/14 |
| Mouton Rothschild | 2004 | 12 x 75 | £2,710 | A | 5 | £2,705 | 03/12/14 |
| Pavie | 2000 | 12 x 75 | £3,875 | A | 1 | £3,875 | 11/11/14 |
| Talbot | 2009 | 12 x 75 | £370 | A | 9 | £355 | 24/03/14 |
Have a great week.
Daniel, Jean, Simon, Steph & Steve
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