Bidders slowly returning to market
After a lacklustre EP 14 campaign, attentions are returning to normality with bid positions increasing by 1.5% throughout the week. However it is noticeable that bid prices are a little softer than pre campaign, no doubt a result of the strengthening pound and weakening euro particularly against the HK dollar over recent weeks.
The total offer value has fallen by 3.6% to £1.6 million as trades are matched although 165 new cases have been made live for sale during the past seven days. Overall market value remains at £4.5 million with the bid to offer ratio rising from recent weeks to 1.85:1.
We are therefore on the look-out for members who are seeking to refresh a portfolio, perhaps free up some capital or maybe looking to reduce storage costs as we hit the summer months. If you wish Cavex to load up your cellar holdings free of charge or provide a no obligation cellar valuation then please do send through your cellar lists to trading@cavex.co.uk. The team will be very happy to help where we can.
Trade highlights of the week:
- Biggest Climber – Chateau Haut Brion 1995 12 x 75 at £2,820 +8.5% (since 27/8/14)
- Chateau Margaux 1996 12 x 75 at £4,035 +2.2% (since 12/2/15)
- Biggest Faller – Chateau Cantemerle 2009 12 x 75 at £190 -13.6% (since 19/11/15)
- Forts de Latour 2009 12 x 75 at £1,160 -6.5% (since 8/1/15)
- Sassicaia 2004 6 x 75 at £655 -5.1% (since 13/10/14)
There are some great offers up for sale this week with a large 17 case parcel of Eglise Clinet 2012, Lafite across multiple vintages and Latour 2008 at £3225 per dozen, all significantly under market. For some great value drinking there is also a 10 case parcel of Cantemerle 2009 at £190 per 12 x 75.
Buyers are still searching for multiple vintages of Mouton Rothschild and Le Petit Mouton so if you are in a position to offer stock please do get in touch.
| Hot Offers | |||||||
| Wine | Vintage | Format | Price | Contract | Qty | Last Traded | Date |
| Ausone | 2008 | 12 x 75 | £3,500 | A | 1 | £3,750 | 04/07/14 |
| Bonnes Mares Comte Vogue | 2009 | 6 x 75 | £1,450 | A | 1 | – | – |
| Cantemerle | 2009 | 12 x 75 | £190 | A | 10 | £190 | 29/05/15 |
| Clinet | 2010 | 6 x 75 | £425 | A | 1 | £450 | 06/02/15 |
| Clos l’Eglise | 2005 | 12 x 75 | £840 | A | 1 | – | – |
| Haut Bailly | 2005 | 12 x 75 | £790 | A | 2 | – | – |
| Haut Brion | 2004 | 12 x 75 | £2,430 | A | 1 | £2,390 | 17/12/14 |
| L’Eglise Clinet | 2005 | 6 x 75 | £1,900 | A | 1 | – | – |
| L’Eglise Clinet | 2009 | 6 x 75 | £1,225 | A | 1 | £1,515 | 02/07/14 |
| L’Eglise Clinet | 2012 | 6 x 75 | £900 | A | 17 | – | – |
| Lafite Rothschild | 2004 | 6 x 75 | £2,150 | A | 2 | £2,175 | 23/03/15 |
| Lafite Rothschild | 2005 | 12 x 75 | £5,850 | A | 1 | £5,550 | 25/09/14 |
| Lafite Rothschild | 2006 | 3 x 75 | £1,100 | A | 4 | £1,115 | 24/04/15 |
| Latour | 2008 | 12 x 75 | £3,255 | A | 1 | £3,300 | 14/05/15 |
| Le Gay | 2005 | 12 x 75 | £1,150 | A | 2 | £1,100 | 16/04/15 |
| Margaux | 2004 | 12 x 75 | £2,645 | A | 1 | £2,600 | 24/03/15 |
| Masseto | 2009 | 3 x 75 | £895 | A | 2 | – | – |
| Pavie Macquin | 2005 | 12 x 75 | £890 | C | 1 | £840 | 25/11/14 |
| Pontet Canet | 2009 | 12 x 75 | £1,375 | A | 2 | £1,375 | 28/05/15 |
| Romanee St Vivant DRC | 2009 | 6 x 75 | £5,150 | A | 1 | £5,050 | – |
| Hot Bids | |||||||
| Wine | Vintage | Format | Price | Contract | Qty | Last Traded | Date |
| Cos d’Estournel | 2006 | 12 x 75 | £685 | A | 5 | £720 | 20/05/15 |
| Dom Perignon | 2002 | 6 x 75 | £520 | A | 2 | £525 | 29/09/14 |
| Duhart Milon | 2009 | 12 x 75 | £560 | A | 3 | £560 | 28/05/15 |
| Haut Brion | 2005 | 12 x 75 | £4,600 | A | 1 | £4,600 | 13/05/15 |
| Lafite Rothschild | 2012 | 12 x 75 | £2,950 | A | 1 | £2,900 | 28/05/15 |
| Leoville Barton | 2000 | 12 x 75 | £880 | A | 1 | £800 | 04/04/13 |
| Leoville Las Cases | 2006 | 12 x 75 | £925 | A | 2 | £950 | 11/01/15 |
| Leoville Poyferre | 2004 | 12 x 75 | £480 | A | 4 | £480 | 20/03/15 |
| Les Forts de Latour | 2001 | 12 x 75 | £1,205 | A | 1 | – | – |
| Les Forts de Latour | 2002 | 12 x 75 | £1,150 | A | 1 | – | – |
| Lynch Bages | 2009 | 12 x 75 | £600 | A | 1 | £720 | 06/11/14 |
| Lynch Bages | 2009 | 12 x 75 | £960 | A | 3 | £980 | 16/04/15 |
| Margaux | 2004 | 12 x 75 | £2,600 | A | 1 | £2,600 | 24/03/15 |
| Margaux | 2008 | 12 x 75 | £2,630 | A | 1 | £2,700 | 21/05/15 |
| Montrose | 2010 | 12 x 75 | £1,500 | A | 1 | £1,500 | 29/09/14 |
| Mouton Rothschild | 2002 | 12 x 75 | £2,855 | A | 1 | £2,705 | 11/11/14 |
| Mouton Rothschild | 2006 | 12 x 75 | £3,180 | A | 1 | £3,200 | 14/05/15 |
| Mouton Rothschild | 2008 | 12 x 75 | £2,950 | A | 1 | £2,920 | 17/04/15 |
| Mouton Rothschild | 2009 | 12 x 75 | £4,610 | A | 2 | £4,450 | 19/02/15 |
| Pontet Canet | 2004 | 12 x 75 | £485 | A | 1 | £485 | 20/03/15 |
| Pontet Canet | 2005 | 12 x 75 | £910 | A | 2 | £960 | 20/03/15 |
Enjoy your week.
Daniel, Jean, Simon, Steph & Steve
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