Bidding activity strong as positions grow by £1.1 million during August holidays

August is traditionally the quietest month in the fine wine market calendar yet this year has proved to be an exception. We’ve seen a very active market mainly due to the Chinese Mid-Autumn Festival celebrations falling early this year on 8th September. However, there does appear to be a widening sentiment that the market is finding a level where value is returning and demand is increasing.

This has certainly been noticeable on the Cavex platform. The bid to offer ratio has risen from an already rapidly climbing rate of 1.09:1 in our last update in early August, to 1.54:1. With £1.1 million of new positions placed, an increase in bidding activity of 35% and overall growth of 16.7% by value to £4.8 million, it’s looking a more considerably positive market.

Whilst some prices have continued to soften such as Lafite 1998 trading at £4,810, down 10.4% since February, and Latour 2000, down 7.2% since May to £6,495, trades have largely been encouraging. After a very quiet period, we’re once again seeing DRC trades with more frequent bids appearing, most notably being a classic 2001 assortment trading at £17,350. A high ticket item rather than just the irregular three or six pack case changing hands.

Other Burgundies have also been trading, along with Italian and Rhone wines. Even Screaming Eagle has returned after a few months of absence with the 2009 trading at £3,800 per three. There are two further cases available at £3,800 which are worth considering.

With Robert Parker revisiting the 2003 Bordeaux vintage and updating his scores yesterday, it came as no surprise that speculators would try and pick up some keenly priced 2003′s throughout the week. Montrose traded at £1,475 per 12, Cos d’Estournel up 2.2% at £1,175 and Pavillon Rouge at £995 per 12 up 3.6%. Montrose seems to have the winning formula having been upgraded from 97+ to 99 points whilst Ausone, Lafite and Latour maintained their perfect 100 scores. 

Angelus and Clos Fourtet also picked up big revisions in score with an increase from 93 to 99 and 94 to 98 respectively.

For the sellers out there, do take a look at this week’s highlighted hot bids below where you’ll find an abundance of strong bids. As always, a full list of recently placed positions on Cavex can be viewed via the attached links below. Second wines are leading the pack but classed growth Bordeaux in quantities, not seen for some time, make up the majority of bids.

If your portfolio has yet to be uploaded and you would like some assistance, please do get in touch at trading@cavex.co.uk. We’d be delighted to help set this up so as to ensure you are being alerted of prime selling opportunities as they arise.

 

Hot Offers
Wine Vintage Format Qty Offer Last Traded Date
Ausone 2004 12 x 75 2 £3,150 £3,150 23/01/14
Ausone 2008 12 x 75 2 £3,750 £3,750 04/07/14
Beychevelle 2009 12 x 75 3 £560 £520 07/08/14
Clinet 2010 12 x 75 1 £915 £900 27/06/14
Echezeaux  DRC 2010 3 x 75 1 £1,700 £1,675 21/01/14
Echezeaux  DRC 2010 6 x 75 1 £3,400 - -
Ermitage Vin de Paille 2010 3 x 37.5 1 £330 - -
Grand Puy Lacoste 2010 12 x 75 9 £520 £520 23/05/14
Grands Echezeaux DRC 2006 6 x 75 1 £3,700 - -
Haut Brion 1996 12 x 75 1 £2,550 £2,560 05/07/14
Haut Brion 2000 12 x 75 1 £4,915 £5,000 03/12/13
Haut Brion 2010 12 x 75 1 £5,300 £5,400 28/07/14
La Chapelle de la Mission Haut Brion 2007 12 x 75 15 £425 - -
La Chapelle de la Mission Haut Brion 2009 12 x 75 3 £400 £400 18/07/14
La Fleur Petrus 2009 6 x 75 1 £825 £825 01/04/14
La Fleur Petrus 2010 6 x 75 2 £750 £760 20/02/14
La Fleur Petrus 2010 6 x 75 2 £750 £760 20/02/14
Lafite Rothschild 2008 6 x 150 1 £4,450 £4,800 15/07/14
Lafite Rothschild 2008 6 x 150 1 £4,450 - -
Le Pin 2005 3 x 150 9 £9,500 £9,500 10/06/14
Leoville Barton 2008 12 x 75 1 £400 £390 28/03/14
Leoville Barton 2009 12 x 75 1 £600 £640 12/04/14
Leoville Barton 2009 12 x 75 1 £600 £640 12/03/14
Leoville Las Cases 2008 12 x 75 2 £910 £860 24/07/14
Les Forts de Latour 2010 12 x 75 2 £1,295 £1,275 04/08/14
Lynch Bages 2010 12 x 75 1 £840 £875 20/06/14
Margaux 2005 6 x 75 1 £2,350 £2,200 22/08/14
Musigny Comte Vogue 2009 6 x 75 1 £2,700 - -
Musigny Comte Vogue 2010 3 x 75 1 £1,300 - -
Pegau Chateauneuf du Pape Reserve 2011 12 x 75 23 £230 - -
Pichon Baron 2005 12 x 75 14 £845 £885 30/04/14
Romanee St Vivant DRC 2005 6 x 75 4 £7,000 £7,200 09/01/14
Sassicaia Tenuta San Guido 2009 6 x 75 2 £520 £500 23/04/14
Screaming Eagle Cabernet Sauvignon 2009 3 x 75 2 £3,800 £3,800 13/08/14
Tardieu Laurent Chateauneuf du Papes VV 2009 12 x 75 3 £230 £230 24/07/14
Tenuta dell’Ornellaia Ornellaia 2008 6 x 75 1 £660 £660 28/11/13

Hot Bids
Wine Vintage Format Qty Bid Last Traded Date
Alter Ego 2010 12 x 75 3 £390 - -
Angelus 2000 12 x 75 1 £3,000 - -
Calon Segur 2003 12 x 75 10 £610 £600 28/08/14
Carruades de Lafite 2009 12 x 75 1 £1,450 £1,475 30/08/14
Cheval Blanc 1998 12 x 75 2 £3,360 £3,150 22/10/13
Cheval Blanc 2005 12 x 75 4 £3,625 £3,380 10/07/14
Clos Fourtet 2005 12 x 75 10 £1,050 - -
Cos d’Estournel 2003 12 x 75 1 £1,150 £1,175 26/08/14
Cos d’Estournel 2005 12 x 75 7 £1,100 £1,070 24/07/14
Cos d’Estournel 2008 12 x 75 1 £615 £610 14/08/14
Ducru Beaucaillou 2000 12 x 75 20 £1,190 £1,200 04/04/14
Ducru Beaucaillou 2002 12 x 75 1 £760 £755 14/10/13
Ducru Beaucaillou 2004 12 x 75 2 £850 £850 20/08/14
Ducru Beaucaillou 2007 12 x 75 10 £730 £750 24/12/13
Ducru Beaucaillou 2009 12 x 75 1 £1,700 £1,700 23/08/14
Guigal Cote Rotie Landonne 2009 3 x 75 1 £910 £910 09/05/14
Haut Brion 2008 12 x 75 2 £2,270 £2,250 26/07/14
La Mission Haut Brion 2008 6 x 75 1 £580 £580 08/07/14
La Mission Haut Brion 2009 12 x 75 1 £3,800 - -
Lafite Rothschild 1998 12 x 75 1 £4,800 £4,810 28/08/14
Lafite Rothschild 2001 12 x 75 1 £4,400 £4,430 23/07/14
Lafite Rothschild 2005 12 x 75 1 £5,500 £5,400 20/08/14
Lafite Rothschild 2008 12 x 75 5 £4,850 £4,800 15/07/14
Latour 2006 12 x 75 2 £3,200 £3,100 06/08/14
Leoville Barton 2000 12 x 75 5 £840 £800 04/04/14
Leoville Barton 2005 12 x 75 1 £590 £570 25/07/14
Leoville Las Cases 2000 12 x 75 5 £1,900 £1,900 07/05/14
Leoville Las Cases 2003 12 x 75 1 £1,100 £1,100 14/08/14
Leoville Poyferre 2006 12 x 75 2 £360 £360 20/06/14
Leoville Poyferre 2009 3 x 75 1 £325 £325 04/08/14
Les Forts de Latour 2001 12 x 75 1 £1,400 - -
Les Forts de Latour 2005 12 x 75 1 £1,320 £1,350 26/08/14
Margaux 1996 12 x 75 1 £3,750 £3,710 20/08/14
Margaux 2005 12 x 75 2 £4,500 £4,400 22/08/14
Margaux 2008 12 x 75 1 £2,510 £2,450 10/07/14
Montrose 2008 12 x 75 1 £495 £445 25/07/14
Montrose 2009 6 x 75 1 £900 £895 25/07/14
Mouton Rothschild 1996 12 x 75 1 £3,050 £3,050 05/08/14
Mouton Rothschild 2000 6 x 75 1 £5,200 £5,200 05/07/14
Mouton Rothschild 2002 12 x 75 2 £2,700 £2,700 04/08/14
Mouton Rothschild 2007 12 x 75 3 £2,620 £2,530 04/07/14
Mouton Rothschild 2008 12 x 75 2 £2,700 £2,700 19/08/14
Pavie 2003 12 x 75 1 £1,840 £1,850 28/07/14
Petit Mouton 2008 6 x 75 20 £545 £520 25/06/14
Pontet Canet 2003 6 x 75 1 £355 £335 25/07/14
Pontet Canet 2006 12 x 75 1 £555 £555 25/07/14
Pontet Canet 2008 12 x 75 2 £510 £480 28/07/14
Smith Haut Lafitte Rouge 2010 6 x 75 1 £400 £400 12/06/14
Tenuta dell’Ornellaia Ornellaia 2004 6 x 75 1 £750 £750 10/12/13
Tenuta dell’Ornellaia Ornellaia 2006 6 x 75 1 £750 £750 18/03/14
Tenuta San Guido Sassicaia 2007 12 x 75 5 £1,240 £1,240 18/03/14

Enjoy the rest of your weekend.

Steve, Daniel, Simon & Jean

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