The 2014 Bordeaux campaign kicked off last week with a pretty subdued start. Sauternes were the main focus with a flurry of releases which was met by what seemed an unreceptive market. As the Drink’s Business has reported Why is no one buying Sauterne’s? There have been a few main stream red releases in Chateau d’Angludet (£156), Gazin (£385), Hosanna (£720), Prieure Lichine (£220) and Sociando Mallet (£175) with prices somewhat reasonable compared to current back vintages available on the secondary market. However it does appear not to be the deep discounted start that most merchants had hoped for.
Perhaps it wasn’t such a coincidence then that bidding activity grew strongly over the week on the exchange with a 4% rise while the bid to offer ratio climbed up to 1.97:1. Trades focused heavily on the 2008 and 2009 Bordeaux vintages albeit with some softening of prices. According to John Stimpfig, with En Primeur hanging in the balance and an all time low approval rating of the region. It may well be the back vintages that show the most value for money and to where collectors find themselves heading over the coming weeks. Cavex will certainly keep our members posted where we see value on the exchange as each new release appears. However do keep your eye on the home page for daily vintage comparisons.
Trade highlights of the week:
- Biggest Climber – Haut Bailly 2009 12 x 75 at £1,300 (+ 18.2% since 19/01/15)
- Mouton Rothschild 2008 12 x 75 at £2,920 (+ 4.2% since 10/03/15)
- Lafite Rothschild 2008 12 x 75 at £5,030 (+ 3.7% since 09/01/15)
- Biggest Faller – Carruades de Lafite 2009 12 x 75 at £1,335 (- 10.4% since 19/02/15)
- Lynch Bages 2006 12 x 75 at £730 (- 6.4% since 14/01/15)
- Pavillon Rouge 2008 12 x 75 at £930 (- 4.6% since 18/03/15)
For this week’s hot offers we’ve picked some great parcel deals. There is value to be found in Cos d’Estournel 2006 and 2008 alongside the most traded wine on Cavex over the past two years, the 2009 Duhart Milon at £580. It’s also worth taking a look at the Grand Puy Lacoste 2006 parcel which is up for grabs.
Buyers are currently on the hunt for second growths and second wines. Value vintage 2008 features heavily again alongside the 2006. The 2009 Lynch Bages has also been trading at a very tight market spread with strong demand. If you’re in a position to offer stocks of Lynch Bages 2009 in the region of £960 to £980 do please get in touch on firstname.lastname@example.org
|Cantemerle||2009||12 x 75||£220||A||5||–||–|
|Cos d’Estournel||2006||12 x 75||£740||A||5||£740||19/03/15|
|Cos d’Estournel||2008||12 x 75||£640||A||15||£605||02/03/15|
|Duhart Milon||2009||12 x 75||£580||A||7||£560||14/04/15|
|Grand Puy Lacoste||2006||12 x 75||£335||A||16||£320||20/06/14|
|Grand Puy Lacoste||2008||12 x 75||£270||A||2||£270||29/09/14|
|L’Eglise Clinet||2005||6 x 75||£1,900||A||1||–||–|
|Lafite Rothschild||2005||12 x 75||£6,100||A||1||£5,550||25/06/14|
|Latour||2006||12 x 75||£3,300||A||2||£3,330||05/03/15|
|Latour||2009||12 x 75||£8,200||A||1||£8,400||13/05/14|
|Le Pin||2005||3 x 150||£9,000||A||9||£9,500||10/06/14|
|Margaux||2007||6 x 75||£1,350||A||4||£1,340||13/04/15|
|Margaux||2008||12 x 75||£2,720||A||1||£2,700||02/03/15|
|Pavie||2000||12 x 75||£3,895||A||2||£3,950||09/12/14|
|Pavillon Rouge||2007||6 x 150||£950||A||5||£900||27/11/14|
|Pavillon Rouge||2008||12 x 75||£945||A||1||–||–|
|Pavillon Rouge||2010||12 x 75||£960||A||4||£920||03/12/14|
|Pontet Canet||2006||12 x 75||£540||A||5||£530||25/03/15|
|Romanee St Vivant DRC||2005||6 x 75||£6,600||A||4||£7,200||09/06/14|
|Tignanello IGT Antinori||2008||6 x 75||£280||A||2||–||–|
|Carruades de Lafite||2003||12 x 75||£1,500||A||4||–||–|
|Carruades de Lafite||2005||12 x 75||£1,500||A||5||–||–|
|Carruades de Lafite||2008||12 x 75||£1,430||A||1||£1,425||14/04/15|
|Cos d’Estournel||2008||12 x 75||£605||A||15||£605||02/03/15|
|Cos d’Estournel||2009||12 x 75||£1,850||A||6||£1,840||24/03/15|
|Lafite Rothschild||2006||6 x 75||£2,200||A||6||£2,185||19/02/15|
|Latour||2004||12 x 75||£3,160||A||1||£3,160||23/02/15|
|Latour||2008||12 x 75||£3,200||A||2||£3,150||26/03/15|
|Latour||2009||12 x 75||£7,975||A||1||£8,400||13/05/14|
|Leoville Las Cases||2004||12 x 75||£920||A||2||£925||15/01/15|
|Leoville Las Cases||2006||12 x 75||£925||A||2||£950||11/01/15|
|Leoville Las Cases||2008||12 x 75||£900||A||2||£900||19/12/14|
|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||2006||12 x 75||£780||A||12||£730||19/04/15|
|Montrose||2006||12 x 75||£510||A||1||£500||31/07/14|
|Montrose||2008||12 x 75||£500||A||3||£500||08/04/15|
|Montrose||2010||12 x 75||£1,500||A||1||£1,550||29/09/14|
|Mouton Rothschild||2000||12 x 75||£11,550||A||3||£10,900||24/11/14|
|Mouton Rothschild||2003||12 x 75||£3,150||A||3||£3,150||14/04/15|
|Mouton Rothschild||2008||12 x 75||£2,900||A||1||£2,920||17/04/15|
|Pontet Canet||2009||12 x 75||£1,395||A||5||£1,400||06/04/15|
Enjoy your week.
Daniel, Jean, Simon, Steph & Steve
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