You may have noticed the short pause in weekly updates recently. This was due to Cavex expanding its network in Asia for the past two weeks with much to report. In the meantime, it’s been very pleasing to see overall position value pass the £6 million mark for the first time in Cavex’s history. Bid value has grown by 7% up to £4.15 million with bidding activity rising by 12%. Sellers have also been active with £750,000 of stock uploaded for offer during the same period with a total of 2100 cases ready and available for trade in over 2000 markets. The bid to offer ratio has likewise climbed and reached an all time high of 2.05:1 indicating that buyers continue to look for stocks.
Whilst the general market has experienced some inconsistent trading patterns of late, our findings in Asia were clear in that demand is still very much present. However this is at a price. Not only are there stock surpluses, but currency rates continue to play their part quite strongly. Competition is fierce on price and for merchants to remain competitive it’s all about the best prices and sources of stock. All this has to be done without holding too much stock as values have continued to fall globally particularly for Bordeaux vintages.
The most positive feedback from our business trip is that Cavex is helping our Asian members access some of the best UK stock at the most competitive price. Through the Cavex platform, we are facilitating the sale of prime secondary market stock at the lowest UK margins for private collectors, connecting them to global merchants looking for solid stock with sound provenance.
For all UK parties looking to sell wines and meet Asian buyers, the risks are significantly reduced as all stocks remain with their owners until wines are released upon receipt of funds.
Thus ensuring all sellers remain in control of their assets until the last possible moment. Shipments are then collected direct with settlement made once the stock is back at the nominated shippers warehouse and verified. Cavex don’t have payment runs, we transfer funds the day we receive confirmation of sound receipt ensuring sellers are paid as quickly as possible. This is the same of UK inter-bond transfers with the average settlement period being 17 days from match to completion.
Cavex is proud to ensure we’re the lowest cost for any seller of fine wine in the UK. We keep things simple with one low headline commission of 3%. No other fees apply, meaning better returns for sellers and therefore a keener price to the buyer. Spreads are naturally tighter as all parties deal direct with each other.
For sellers looking to move stocks, with £4.15 million worth of bids with which to engage and interact, it’s an opportune time to upload those portfolios as the run into Christmas and Chinese New Year begins.
For our buyers, with excellent hot offers placed this past week such as Angelus 2008, Chave Hermitage 2009 and Guigal’s La La 2009’s and 2010’s, all at significantly best UK prices, it’s undeniably worth checking these out via the links below.
If you have any questions on how to get the best out of Cavex’s services, please do not hesitate to get in touch and we’ll be more than happy to help.
|Angelus||2008||12 x 75||2||£1,665||–||–|
|Antinori Solaia||2010||6 x 75||1||£675||£675||09/08/14|
|Ausone||1998||12 x 75||2||£3,350||£3,500||27/10/14|
|Ausone||2003||12 x 75||1||£6,700||£7,250||07/04/14|
|Ausone||2008||12 x 75||1||£3,600||£3,750||04/07/14|
|Ausone||2008||6 x 75||2||£1,800||£1,875||04/07/14|
|Beaucastel CNDP||2010||3 x 75||6||£725||–||–|
|Beychevelle||2009||12 x 75||10||£570||£560||23/09/14|
|Carruades de Lafite||2010||6 x 75||2||£710||£700||14/11/14|
|Chave Hermitage Rouge||2009||12 x 75||1||£3,050||–||–|
|Clinet||2009||6 x 75||1||£950||£1,050||15/05/14|
|DRC Echezeaux||2005||6 x 75||1||£3,800||–||–|
|DRC Romanee St Vivant||2006||3 x 75||1||£1,725||–||–|
|Ducru Beaucaillou||2003||12 x 75||1||£1,050||£1,080||04/06/14|
|Duhart Milon||2005||12 x 75||3||£560||£550||03/07/14|
|Duhart Milon||2010||12 x 75||1||£525||£600||04/02/14|
|Eglise Clinet||2010||6 x 75||3||£1,375||–||–|
|Forts Latour||2010||12 x 75||2||£1,325||£1,275||04/08/14|
|Grand Puy Lacoste||2010||12 x 75||9||£520||£520||23/05/14|
|Guigal Cote Rotie Ladonne||2009||6 x 75||1||£1,500||£1,820||02/09/14|
|Guigal Cote Rotie Landonne||2010||12 x 75||1||£2,700||–||–|
|Guigal Cote Rotie Mouline||2009||6 x 75||1||£1,500||£1,820||09/05/14|
|Guigal Cote Rotie Mouline||2010||12 x 75||1||£2,700||–||–|
|Guigal Cote Rotie Turque||2009||6 x 75||1||£1,500||£1,820||09/05/14|
|Guigal Cote Rotie Turque||2010||12 x 75||1||£2,700||–||–|
|L’Eglise Clinet||2006||12 x 75||1||£1,300||£1,580||30/07/13|
|L’Eglise Clinet||2009||6 x 75||2||£1,475||£1,515||02/07/14|
|L’Evangile||2005||12 x 75||1||£1,550||£1,550||29/07/14|
|La Fleur Petrus||2009||6 x 75||1||£825||£825||01/04/14|
|La Fleur Petrus||2010||6 x 75||2||£740||£760||20/02/14|
|Lafite Rothschild||1996||12 x 75||1||£6,800||£6,820||22/09/14|
|Lafite Rothschild||2002||6 x 150||2||£4,350||£4,500||12/09/14|
|Latour||2002||12 x 75||1||£3,100||£3,160||17/10/14|
|Latour||2005||12 x 75||1||£5,750||£5,750||07/08/14|
|Latour||2007||12 x 75||2||£3,300||£3,400||16/01/14|
|Leoville Barton||2009||12 x 75||4||£615||£640||12/04/14|
|Louis Roederer Cristal||2006||6 x 75||2||£510||–||–|
|Lynch Bages||2006||6 x 150||2||£720||£730||14/10/14|
|Margaux||2010||3 x 75||2||£1,250||£1,270||11/07/14|
|Mouton Rothschild||2008||6 x 150||2||£2,600||£2,790||10/10/14|
|Mouton Rothschild||2009||12 x 75||1||£4,600||£4,700||11/07/14|
|Pavie||2005||12 x 75||1||£2,250||£2,275||25/05/14|
|Pavie Decesse||2000||12 x 75||1||£900||–||–|
|Petit Mouton||2010||6 x 75||2||£540||£545||15/10/14|
|Tenuta Ornellaia Ornellaia||2008||6 x 75||2||£650||£660||28/11/13|
|Vieux Chateau Certan||2010||12 x 75||1||£2,160||£2,200||22/01/14|
|Angelus||1996||12 x 75||1||£1,650||£1,600||07/10/14|
|Armailhac||2008||12 x 75||5||£265||£260||02/09/14|
|Ausone||2006||12 x 75||5||£3,465||£3,400||05/09/14|
|Beychevelle||2006||12 x 75||10||£550||£535||26/09/14|
|Beychevelle||2008||12 x 75||20||£530||£530||04/07/14|
|Branaire Ducru||2005||6 x 150||1||£500||£450||04/10/14|
|Calon Segur||2003||12 x 75||10||£610||£600||28/10/13|
|Calon Segur||2005||12 x 75||2||£505||£500||28/10/14|
|Carruades de Lafite||2009||12 x 75||8||£1,470||£1,470||10/11/14|
|Carruades de Lafite||2010||12 x 75||1||£1,380||£1,370||28/10/14|
|Ducru Beaucaillou||2007||12 x 75||10||£730||£750||24/12/13|
|Ducru Beaucaillou||2008||12 x 75||10||£700||£745||14/07/14|
|Eglise Clinet||2008||12 x 75||1||£1,100||£1,200||28/10/14|
|Gruaud Larose||2001||12 x 75||2||£305||£285||10/09/13|
|Haut Bailly||2009||12 x 75||10||£1,050||£1,030||10/11/14|
|Haut Brion||1995||12 x 75||1||£2,770||£2,600||27/08/14|
|Haut Brion||2004||12 x 75||1||£2,310||£2,250||26/06/14|
|Lafite Rothschild||1998||12 x 75||2||£4,800||£4,800||23/10/14|
|Lafite Rothschild||2006||12 x 75||3||£4,400||£4,400||14/11/14|
|Lafleur||2004||6 x 75||2||£1,150||£1,090||18/08/14|
|Lagrange||2003||12 x 75||3||£310||£300||31/08/14|
|Latour||1996||12 x 75||2||£4,820||£4,820||13/11/14|
|Latour||2004||12 x 75||1||£3,060||£3,100||14/11/14|
|Latour||2006||12 x 75||1||£3,300||£3,100||06/08/14|
|Latour||2007||12 x 75||1||£3,130||£3,400||16/01/14|
|Leoville Barton||2000||12 x 75||5||£840||£800||04/04/14|
|Leoville Las Cases||2000||12 x 75||4||£1,925||£1,925||22/10/14|
|Lynch Bages||2007||12 x 75||3||£695||£680||05/09/14|
|Malescot St Exupery||2004||12 x 75||1||£325||£325||13/06/14|
|Margaux||1996||12 x 75||1||£3,820||£3,820||12/11/14|
|Montrose||1989||12 x 75||5||£2,100||£2,050||10/09/14|
|Montrose||2006||12 x 75||2||£500||£500||31/07/14|
|Montrose||2009||6 x 75||1||£900||£895||25/07/14|
|Mouton Rothschild||1996||12 x 75||20||£3,060||£3,050||05/08/14|
|Mouton Rothschild||2000||12 x 75||3||£10,500||£10,500||15/09/14|
|Mouton Rothschild||2003||12 x 75||4||£3,100||£3,000||29/09/14|
|Mouton Rothschild||2004||12 x 75||2||£2,705||£2,650||23/10/14|
|Mouton Rothschild||2005||12 x 75||5||£3,365||£3,250||19/08/14|
|Mouton Rothschild||2006||12 x 75||10||£2,970||£2,925||07/08/14|
|Mouton Rothschild||2003||12 x 75||3||£3,100||£3,100||03/11/14|
|Mouton Rothschild||2008||12 x 75||1||£2,710||£2,790||10/10/14|
|Pichon Baron||2003||12 x 75||1||£870||£830||27/05/14|
|Pichon Lalande||2002||12 x 75||1||£725||£600||31/08/14|
|Pontet Canet||2004||12 x 75||2||£465||£460||04/11/14|
|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|
Have an enjoyable week.
Daniel, Jean, Simon & Steve
CaveX Cru is our newly launched service offering members of CaveX the opportunity to buy exclusive parcels of affordable fine wines for everyday drinking.
No need to worry about in-bond, duty-paid, VAT or delivery. We just find great wines from some of the world’s top producers that are drinking perfectly now – all delivered direct to your door.
The Portfolio Management Partnership
More than ever, keeping a handle on what’s in your portfolio, its provenance, and its value is crucial to maintaining the integrity of your investment wines in-bond. Easy if you have a handful of cases and time on your hands. Not so easy if your collection is significant or you aim to invest more.
This is the reason we are launching our Portfolio Management Partnership service. Working with a trusted partner with over 30 years of experience in the fine wine business, this service will help you manage your portfolio, guide you on future investments, allow you to trade in only topflight investment wines and most importantly offer you access to one of the most secure wine storage services available to date.
The Davies Turner Fine Wine team offers consultancy in meeting your individual requirements, building long-term partnerships with their clients, suppliers and partners worldwide. Founded in 1870 and still remaining in private ownership, they have over 140 years experience in freight forwarding being the UK’s leading independent freight and logistics provider. They have become the largest […]
Connoisseur International is a specialist global provider of logistical solutions concerning wines and spirits based in London. They provide a variety of services including worldwide door to door export and import air freight, express courier, refrigerated ocean and road services. Collections are available on a daily basis utilising their own fleet of vehicles from all UK bonded […]