Market Direction? Changing Horizons?

Since our last update the market has been a mixture of fits and bursts though not only due to the 2014 EP Bordeaux campaign (summary of release prices here). Currency fluctuations have been affecting Asian buyers which has resulted in a significant reduction in bids placed on the exchange during this past fortnight. For the first time since August 2014 the total bid value has dropped to below the £3 million mark resulting in the bid to offer ratio sliding to 1.76:1. Uniquely however, interest from US buyers has increased significantly since Cavex launched which presents new opportunities for our selling members. 

Despite an overall decline, there have been over £300,000 of new positions placed over the last seven days with back vintage classed Bordeaux wines the main focus as buyers seek value against a lacklustre 2104 campaign. Vintages 2004, 2006, 2007 and 2008 feature heavily as value for money is sought. 

Trading results on the exchange have seen Bordeaux dominate with small climbs and falls for certain vintages of the same wine. Drawing conclusions on which way the market is heading will certainly give market commentators a headache at the current time. 

Trade highlights of the week:

  • Biggest Climber - Chateau Pavie 2005 12 x 75 at £2,500 + 9.9% since 25/05/14
  • Chateau Latour 2008 12 x 75 at £3,300 + 1.5% since 09/01/15
  • Chateau Haut Brion 2005 12 x 75 at £4,590 + 0.9% since 12/05/15
  • Biggest Faller - Chateau Clos Fourtet 2009 at £1,700 – 14.6% since 31/01/15
  • Forts de Latour 2008 at £1,025 – 13.1% since 13/02/15
  • Chateau Latour 2006 at £3,185 – 5.9% since 01/02/15

We’re seeing some iconic USA wine on offer this week from Screaming Eagle and new Napa icon Kapcsandy. Deals are also available on two of Guigal’s La La’s from the 2004 and 2009 vintages. Buyers are also on the look-out for Clerc Milon, Duhart Milon, Haut Brion and Ornellaia across multiple vintages. Be sure to catch up with all new additions on the links below that easily highlight new activity.

 

Hot Offers              
               
Wine Vintage Format Price Contract Qty Last Traded Date
Beychevelle 2008 6 x 75 £290 A 2 £295 21/04/15
Bonnes Mares Comte Vogue 2009 6 x 75 £1,450 A 1 - -
Cabernet Sauvignon Screaming Eagle 2012 3 x 75 £4,850 A 5 £4,750 13/05/15
Cantemerle 2009 12 x 75 £210 A 5 £220 23/11/14
Carruades de Lafite 2009 12 x 75 £1,385 A 5 £1,335 15/04/15
Cote Rotie Turque Guigal 2009 6 x 75 £1,525 A 1 £1,500 19/12/14
Duhart Milon 2010 6 x 75 £250 A 4 £250 24/03/15
Haut Bailly 2005 12 x 75 £790 A 2 - -
Haut Brion 2007 12 x 75 £2,300 A 1 £2,200 29/11/14
L’Eglise Clinet 2005 6 x 75 £1,900 A 1 - -
L’Eglise Clinet 2009 6 x 75 £1,350 A 1 £1,515 02/07/14
Lafite Rothschild 2005 12 x 75 £5,975 A 1 £5,550 25/09/14
Latour 2006 12 x 75 £3,205 A 2 £3,185 15/05/15
Latour 2008 12 x 75 £3,350 A 1 £3,300 14/05/15
Les Forts de Latour 2009 12 x 75 £1,225 A 4 £1,240 08/01/15
Margaux 2008 12 x 75 £2,700 A 1 £2,700 02/03/15
Masseto 2009 3 x 75 £895 A 2 - -
Montrose 2008 6 x 75 £250 A 2 £250 08/04/15
Redigaffi Tua Rita 2010 1 x 150 £125 A 14 - -
Sassicaia 2004 6 x 75 £695 A 6 £690 13/10/14
Vieux Chateau Certan 2009 6 x 75 £860 A 4 £1,825 01/05/15
Hot Bids              
               
Wine Vintage Format Price Contract Qty Last Traded Date
Beychevelle 2006 12 x 75 £570 A 10 £575 11/12/14
Beychevelle 2008 12 x 75 £575 A 10 £590 21/04/15
Carruades de Lafite 2009 12 x 75 £1,350 A 5 £1,335 13/04/15
Cos d’Estournel 2004 12 x 75 £645 A 5 - -
Cos d’Estournel 2008 12 x 75 £605 A 15 £620 20/04/15
Duhart Milon 2006 12 x 75 £500 A 1 £495 01/04/15
Duhart Milon 2009 12 x 75 £560 A 4 £560 15/05/15
Haut Brion 1995 12 x 75 £2,820 C 5 £2,600 27/08/14
Haut Brion 2005 12 x 75 £4,600 A 1 £4,590 13/05/15
Haut Brion 2007 12 x 75 £2,230 A 1 £2,200 23/11/14
Latour 2006 12 x 75 £3,150 A 2 - -
Latour 2006 12 x 75 £3,185 A 1 £3,185 15/05/15
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 2008 12 x 75 £735 A 30 £760 09/03/15
Lynch Bages 2009 12 x 75 £960 A 3 £980 16/04/15
Margaux 2004 12 x 75 £2,605 A 1 £2,600 23/03/15
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 2006 12 x 75 £3,100 A 1 £3,200 14/05/15
Pavillon Rouge 2008 12 x 75 £910 A 5 £930 17/04/15
Pontet Canet 2005 12 x 75 £910 A 2 £960 23/03/15

Enjoy your week.

Daniel, Jean, Simon, Steph & Steve

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