Burgundy and Rhone drinking wines on offer. Is value returning to the fine wine market?

Market trends on the Cavex platform once again follow a downward direction this week as sellers try to attract buyers. The previous week’s activity had seen a decline in bid volume and value which continued further this week seeing buyers adjust positions and exposure. However, there has been a notable increase in bidding activity for drinking wines over the past seven days with private collectors placing and amending more bids than trade members. Has the general market reached a level where value is believed to be returning?

This week, members have placed £140,000 of new positions with some great parcels of stock on offer from Burgundy producer’s such as Jean Phillippe Fichet, who is seen to offer fantastic value for money on his wines from Meursault and Puligny Montrachet. There are further offerings of white’s from Louis Carilon and Joseph Drouhin at very keen prices, all awaiting bids. A rare case of Meo Camuzet’s Richebourg 2009 3 x 75 at £2,425 tops the Red Burgundy offerings, of which there are many to look through.

Rhone wines have also been popular through the week with an attractive parcel of Clos des Papes 2004 being offered at £350 per dozen alongside Pierre Usseglio’s CNDP 2003 at £240 per dozen. Both wines will be drinking perfectly now.

We have recently started an upgrade of our platform at Cavex, seeing the introduction of new PDF invoicing, particularly useful for our trade members. This function now allows all members to receive PDF invoices at the moment of matching and additionally keep an archive record at the press of a button found in the transaction page. A bid and offer window straight from the My Cave screen has also been added which allows each member to view all live positions against your own specific wines direct from your portfolio without the need to visit the trading screen.

This continued roll out of new developments over the coming months will see many new functions appearing, but we very much value member feedback so if you do have any recommendations, please send your comments to the email address below.

 

Hot Offers
Wine Vintage Format Price Qty Last Traded Date
Astralis Shiraz Clarendon Hills 2001 6 x 75 £900 4 - -
Ausone 2008 12 x 75 £3,800 3 £4,400 17/01/14
Chateauneuf Du Pape Clos Papes 2004 12 x 75 £350 6 £350 09/05/14
Chateauneuf Du Pape Pierre Usseglio 2003 12 x 75 £240 3 - -
Cos d’Estournel 2008 12 x 75 £700 2 £1,300 17/12/13
Domaine de L’Eglise 2009 12 x 75 £250 2 - -
Gassac Rouge Mas de Daumas 2006 12 x 75 £180 4 - -
Gruaud Larose 2000 12 x 75 £800 1 - -
Lafite Rothschild 1996 12 x 75 £7,300 1 £7,750 03/03/14
Mouton Rothschild 2004 6 x 75 £1,355 2 £1,375 22/04/14
Pavie 2010 12 x 75 £2,400 1 - -
Pavie 2010 6 x 150 £2,400 1 - -
Pichon Longueville Baron 2008 12 x 75 £655 3 £665 20/09/13
Pichon Longueville Comtesse de Lalande 2008 12 x 75 £685 5 £650 03/03/14
Reserve Shiraz Maxwell 2001 6 x 75 £55 4 - -
Richebourg Meo Camuzet 2009 3 x 75 £2,425 1 - -
Roc de Cambes 2009 6 x 75 £210 2 - -
Romanee St Vivant DRC 2005 6 x 75 £7,000 4 £7,200 09/01/14
Run Rig Torbreck 2002 6 x 75 £600 3 £575 04/05/14
Saint Pierre 2009 12 x 75 £695 1 £640 25/04/14
The Dead Arm Shiraz D’Arenberg 2005 6 x 75 £175 5 - -
The Factor Torbreck 2002 6 x 75 £415 3 £220 10/12/14
Vosne Romanee 1er Cru Duvault Blochet DRC 2006 6 x 75 £2,600 1 £2,350 23/08/13

Hot Bids            
             
Wine Vintage Format Price Qty Last Traded Date
Clerc Milon 2009 12 x 75 £405 5 - -
Clinet 2010 12 x 75 £900 3 £940 02/01/14
Clos Fourtet 2005 12 x 75 £1,050 10 £1,100 02/05/13
Haut Brion 2003 12 x 75 £2,350 2 £2,420 30/04/14
Haut Brion 2004 12 x 75 £2,300 1 £2,390 17/04/14
Haut Brion 2008 12 x 75 £2,450 1 £2,600 18/12/13
La Chapelle de la Mission Haut Brion 2007 12 x 75 £400 2 - -
La Mission Haut Brion 2004 12 x 75 £1,000 1 - -
Latour 2005 12 x 75 £6,200 9 £6,200 15/05/14
Les Forts de Latour 2001 12 x 75 £1,400 1 - -
Lynch Bages 2003 12 x 75 £960 5 £1,040 02/09/03
Margaux 2007 12 x 75 £2,300 1 £2,800 15/10/13
Margaux 2008 12 x 75 £2,700 2 £2,700 23/04/14
Margaux 2009 12 x 75 £5,200 1 £5,300 24/04/14
Mouton Rothschild 2000 12 x 75 £10,150 1 £10,250 11/04/14
Mouton Rothschild 2001 12 x 75 £2,780 1 £2,760 28/03/14
Pavie 2003 12 x 75 £1,840 1 £1,800 02/05/14
Pavillon Rouge 2003 12 x 75 £970 4 £960 29/11/13
Pontet Canet 2009 12 x 75 £1,470 1 £1,490 07/04/14
Rieussec 2010 12 x 75 £240 2 - -
The Relic Shiraz The Standish Wine Company 2006 12 x 75 £350 4 - -
The Standish Shiraz The Standish Wine Company 2005 12 x 75 £370 3 £430 09/04/14
Trotanoy 2009 6 x 75 £1,080 1 £1,080 06/03/14

Should you have any queries regarding elements of the Cavex platform and how best to use the functions available, please do get in touch by either calling us on +44 (0) 1491 576 300 or emailing us at info@cavex.co.uk. The team would be very happy to assist you.

Enjoy the rest of your weekend.

Steve, Daniel, Simon & Jean

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