Bid value climbs 9% as Buyers return to the market
Bidding activity over the past week has been feverish compared to recent months with the strongest climb since mid May rising 9%. The total bid value has also increased to £2.14 million, the highest since early April. In contrast, the total offer value has fallen by 5.9% as sellers have been a little less active this week. Are they taking a break to assess their strategy ready for the traditional busy Autumn period? Whatever the reason it’s pleasing to see buyers have been returning in their numbers with the total bid value climbing a whopping 16% since this time last month.
Another key indicator that buyers are finding satisfying levels, is witnessing the Bid to Offer ratio swing to 1.09:1, the first time since May that buyers have been the leading party. Bids have been centred around First Growths by quite a high percentage, as well as keen demand for Second Growths such as Cos d’Estournel, Ducru Beaucaillou, Montrose and Pichon Baron.
Although a little more quiet lately, Sellers still have some great wines to offer such as Angelus 2005 at £2,315, Cos d’Estournel 2005 at £1,195 and a great five case parcel of Lynch Bages 2009 at £925 per dozen. Hot offers this week we have highlighted a solid selection of Right Bank wines all competitively priced to UK market and awaiting that perfect bid.
Notable trades from the week came in the form of biggest faller Chateau Latour 2006 down 13.9% since April to £3,100 per 12. Other fallers were Lafite 2000, down 9.3% since late June trading at £10,250, Latour 2005 down 7.3% from mid June to £5,750. Pontet Canet 2009 continues its fall from grace down a further 6.4% since early July to £1,310. Whilst the trophy vintages appear to be taking a slide, the less stellar vintages continue to fair slightly better with Latour 2002 sliding only 0.9% from July to £3,200 and Mouton Rothschild 06 dropping 0.8% to £2,925.
Buyers are looking to purchase stocks confidently for the first time in months, so if you have a selection of your portfolio that you would like to move and trade, do get in touch at trading@cavex.co.uk. We’re always happy to help.
| Hot Offers | ||||||
| Wine | Vintage | Format | Qty | Price | Last Traded | Date |
| Angelus | 2000 | 12 x 75 | 1 | £3,200 | - | - |
| Angelus | 2005 | 12 x 75 | 1 | £2,315 | £2,700 | 05/09/2013 |
| Angelus | 2009 | 12 x 75 | 2 | £2,370 | £2,100 | 11/07/2014 |
| Ausone | 1999 | 12 x 75 | 2 | £3,700 | - | - |
| Ausone | 1999 | 6 x 75 | 2 | £1,850 | - | - |
| Ausone | 2001 | 12 x 75 | 1 | £4,600 | - | - |
| Ausone | 2002 | 12 x 75 | 1 | £3,475 | - | - |
| Ausone | 2004 | 12 x 75 | 2 | £3,150 | £3,150 | 23/01/2014 |
| Ausone | 2008 | 12 x 75 | 2 | £3,750 | £3,750 | 04/07/2014 |
| Bellevue Mondotte | 2005 | 12 x 75 | 1 | £2,300 | - | - |
| Cheval Blanc | 2004 | 12 x 75 | 1 | £2,650 | - | - |
| Cheval Blanc | 2005 | 12 x 75 | 1 | £3,850 | £3,380 | 10/07/2014 |
| Clinet | 2005 | 12 x 75 | 3 | £650 | - | - |
| Clinet | 2010 | 6 x 75 | 1 | £480 | £900 | 20/06/2014 |
| Hosanna | 2000 | 6 x 75 | 1 | £650 | - | - |
| Hosanna | 2006 | 6 x 75 | 4 | £420 | - | - |
| Hosanna | 2009 | 6 x 75 | 1 | £1,090 | £930 | 06/07/2014 |
| Hosanna | 2010 | 6 x 75 | 1 | £575 | - | - |
| L’Eglise Clinet | 2009 | 6 x 75 | 2 | £1,515 | £1,515 | 02/07/2014 |
| La Conseillante | 2001 | 12 x 75 | 1 | £875 | - | - |
| La Conseillante | 2009 | 12 x 75 | 1 | £1,395 | £1,400 | 17/07/2014 |
| La Fleur Petrus | 2010 | 6 x 75 | 2 | £750 | £760 | 20/02/2014 |
| Lafleur | 1990 | 6 x 75 | 1 | £5,400 | - | - |
| Lafleur | 2009 | 6 x 75 | 1 | £4,600 | - | - |
| Le Gay | 2005 | 12 x 75 | 2 | £1,200 | - | - |
| Le Pin | 2004 | 6 x 75 | 1 | £5,950 | £5,700 | 20/03/2014 |
| Le Pin | 2005 | 3 x 150 | 9 | £9,500 | £9,500 | 16/06/2014 |
| Le Tertre Roteboeuf | 2004 | 12 x 75 | 2 | £850 | - | - |
| Le Tertre Roteboeuf | 2006 | 6 x 75 | 1 | £375 | - | - |
| Le Tertre Roteboeuf | 2008 | 12 x 75 | 1 | £1,000 | - | - |
| Le Tertre Roteboeuf | 2009 | 6 x 75 | 4 | £700 | - | - |
| Pavie | 2004 | 12 x 75 | 8 | £1,600 | £1,480 | 16/01/2014 |
| Trotanoy | 2008 | 6 x 75 | 2 | £650 | - | - |
| Vieux Chateau Certan | 2009 | 6 x 75 | 1 | £975 | - | - |
| Hot Bids | ||||||
| Wine | Vintage | Format | Qty | Price | Last Traded | Date |
| Beychevelle | 2006 | 12 x 75 | 10 | £520 | £520 | 11/02/2014 |
| Beychevelle | 2009 | 12 x 75 | 2 | £520 | £520 | 07/08/2014 |
| Cheval Blanc | 1998 | 12 x 75 | 2 | £3,360 | £3,150 | 22/10/2013 |
| Cheval Blanc | 2005 | 12 x 75 | 4 | £3,400 | £3,380 | 10/07/2014 |
| Clinet | 2010 | 12 x 75 | 1 | £900 | £900 | 27/06/2014 |
| Cos d’Estournel | 2003 | 12 x 75 | 1 | £1,150 | £1,150 | 05/08/2014 |
| Ducru Beaucaillou | 2002 | 12 x 75 | 1 | £760 | £755 | 14/10/2013 |
| Ducru Beaucaillou | 2004 | 12 x 75 | 1 | £850 | £750 | 20/06/2014 |
| Ducru Beaucaillou | 2007 | 12 x 75 | 10 | £730 | £750 | 24/12/2013 |
| Ducru Beaucaillou | 2009 | 12 x 75 | 1 | £1,700 | £1,700 | 01/08/2014 |
| Ducru Beaucaillou | 2009 | 3 x 150 | 1 | £850 | £850 | 01/08/2014 |
| Duhart Milon | 2008 | 12 x 75 | 5 | £465 | £450 | 16/07/2014 |
| Duhart Milon | 2009 | 6 x 75 | 1 | £260 | £255 | 06/08/2014 |
| Grand Puy Lacoste | 2006 | 12 x 75 | 1 | £320 | £320 | 20/06/2014 |
| Guigal Cote Rotie Landonne | 2009 | 3 x 75 | 1 | £910 | £910 | 09/05/2014 |
| Haut Brion | 2008 | 12 x 75 | 2 | £2,250 | £2,250 | 26/07/2014 |
| Haut Brion | 2008 | 6 x 75 | 1 | £1,125 | £1,125 | 26/07/2014 |
| La Chapelle de la Mission Haut Brion | 2007 | 12 x 75 | 2 | £400 | - | - |
| La Mission Haut Brion | 2006 | 12 x 75 | 5 | £1,300 | £1,300 | 04/08/2014 |
| La Mission Haut Brion | 2008 | 6 x 75 | 1 | £580 | £580 | 08/07/2014 |
| Lafite Rothschild | 2001 | 12 x 75 | 1 | £4,400 | £4,430 | 23/07/2014 |
| Lafite Rothschild | 2006 | 12 x 75 | 1 | £4,450 | £4,460 | 29/07/2014 |
| Leoville Barton | 2000 | 12 x 75 | 5 | £840 | £800 | 04/04/2014 |
| Leoville Barton | 2006 | 12 x 75 | 2 | £380 | £400 | 17/10/2013 |
| Leoville Las Cases | 2000 | 12 x 75 | 5 | £1,900 | £1,900 | 07/05/2014 |
| Leoville Poyferre | 2006 | 12 x 75 | 2 | £360 | £360 | 20/06/2014 |
| Leoville Poyferre | 2009 | 3 x 75 | 1 | £325 | £325 | 04/08/2014 |
| Malescot St Exupery | 2004 | 12 x 75 | 1 | £325 | £325 | 13/06/2013 |
| Margaux | 2005 | 12 x 75 | 2 | £4,500 | £4,500 | 23/07/2014 |
| Montrose | 2009 | 6 x 75 | 1 | £900 | £895 | 25/07/2014 |
| Mouton Rothschild | 2002 | 12 x 75 | 2 | £2,700 | £2,700 | 04/08/2014 |
| Mouton Rothschild | 2006 | 12 x 75 | 2 | £2,925 | £2,925 | 07/08/2014 |
| Mouton Rothschild | 2007 | 12 x 75 | 3 | £2,620 | £2,530 | 04/07/2014 |
| Palmer | 2000 | 12 x 75 | 1 | £1,850 | £1,700 | 09/10/2013 |
| Pontet Canet | 2003 | 6 x 75 | 1 | £355 | £335 | 25/07/2014 |
| Pontet Canet | 2006 | 12 x 75 | 1 | £555 | £555 | 25/07/2014 |
| Pontet Canet | 2008 | 12 x 75 | 2 | £510 | £480 | 28/07/2014 |
| Smith Haut Lafitte Rouge | 2010 | 6 x 75 | 1 | £400 | £400 | 12/06/2014 |
| Tenuta dell’Ornellaia Ornellaia | 2004 | 6 x 75 | 1 | £750 | £750 | 10/12/2013 |
| Tenuta San Guido Sassicaia | 2007 | 12 x 75 | 5 | £1,240 | £1,240 | 18/03/2014 |
Have a great week.
Steve, Daniel, Simon & Jean
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