One hundred new wines added for sale as bid to offer ratio swings and First Growth Bordeaux prices continue to soften

The past week has seen a substantial swing in the bid to offer ratio which has now reached 0.89:1 for the first time in many months. Despite nearly £100,000 worth of bids being placed over the past seven days, total bid value has dropped by 5.8% showing that confidence is still wavering. Bidders appear to be keeping a firm eye on the further softening of Bordeaux First Growth’s and high end wine prices although as market commentators are stating, we’re seeing a trend that older vintage wines are holding their value as availability diminishes.

Overall positions have grown slightly by 0.7%.  This is largely due to £205,000 new offers placed with 350 new cases up for sale. Highlights of the week are detailed in our ‘Hot Offers’ below though there are some great value offers still up for grabs from last week’s update. One of which is the last three cases of Paul Avril’s Clos des Papes 2004 at £320 per dozen.  At £130 under UK market and with 95pts from Robert Parker, this is without doubt our pick of the week.

We’ve seen further falls this past week in notable trades, Lafite 2009 trading at £6,450 per 12 down from £7,200 in November 2013. Latour 2000 at £7,000 also fell from £8,400 in August 2013, whilst the 2002 has dropped 13% since January to £3,230. Mouton Rothschild has not suffered such a substantial drop with the 2003 vintage trading at £3,050, only down £50 since January.

We recently highlighted that it’s not all about the top estates around the world and how there are some fantastic drinking wines to be found on the Cavex platform. As a result, members took advantage by picking up some great deals, two of which were d’Arenberg’s Coppermine Road 2001 trading at £70 per 6 and Henry’s Drive Estate Shiraz 2005 at £110 per dozen. Some good examples of deals that can be struck as sellers clear surplus stock that has reached its drinking window. With plenty of excellent wines from around the world available at Cavex, it’s always worth placing that bid.  Buyers will be pleasantly surprised to find that sellers are willing to trade if the bid is placed and available.

 

Hot Offers
Wine Vintage Format Qty Price Last Traded Date
Angelus 2009 12 x 75 2 £2,370 £2,500 26/02/14
Ausone 2008 12 x 75 3 £3,800 £4,400 17/01/14
Carbonnieux 2009 12 x 75 3 £225 - -
Clos des Papes CNDP 2004 12 x 75 3 £320 £320 23/05/14
Du Tertre 2004 12 x 75 1 £225 - -
Gloria 2009 12 x 75 1 £300 - -
Grand Puy Lacoste 2010 12 x 75 9 £520 £520 23/05/14
Grand Veneur CNDP 2010 6 x 75 16 £95 - -
Haut Brion 2000 12 x 75 1 £4,920 £5,000 03/12/13
Haut Brion 2008 12 x 75 1 £2,600 £2,600 18/12/13
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 £390 £390 11/04/14
La Fleur Petrus 2009 6 x 75 1 £825 £825 01/04/14
La Mission Haut Brion 2004 12 x 75 1 £1,050 - -
La Mission Haut Brion 2008 12 x 75 1 £1,300 £1,390 19/09/13
Lafite Rothschild 1996 12 x 75 1 £7,350 £7,750 03/03/14
Lafite Rothschild 2002 6 x 150 2 £4,700 £5,025 28/04/04
Lafite Rothschild 2008 12 x 75 4 £5,025 £5,030 24/04/14
Leoville Barton 2003 12 x 75 3 £690 £690 10/03/14
Lime Cave Cabernet Sauvignon Reserve 2001 6 x 75 5 £45 - -
Maxwell Reserve Shiraz 2001 6 x 75 4 £55 - -
Mouton Rothschild 2005 12 x 75 3 £3,550 £3,600 22/04/14
Mouton Rothschild 2008 12 x 75 1 £1,500 £1,500 16/04/14
Phelan Segur 2009 12 x 75 1 £260 £265 31/03/14
Pichon Baron 2008 12 x 75 3 £655 £665 20/09/14
Rieussec 2010 12 x 75 5 £250 - -
DRC Romanee St Vivant 2004 3 x 75 1 £1,700 - -
DRC Romanee St Vivant 2005 6 x 75 4 £7,000 £7,200 09/01/14

Hot Bids
Wine Vintage Format Qty Price Last Traded Date
Angelus 2006 12 x 75 1 £1,600 £1,600 29/04/14
Beychevelle 2008 12 x 75 20 £535 £520 30/01/14
Cheval Blanc 1998 12 x 75 1 £3,600 £3,150 22/10/13
Grand Puy Lacoste 2006 12 x 75 16 £320 £300 02/01/14
La Fleur Petrus 2006 6 x 75 1 £600 £545 06/03/14
Latour 2005 12 x 75 7 £6,200 £6,200 27/05/14
Le Petit Mouton 2006 12 x 75 20 £1,035 £1,040 10/02/14
Leoville Las Cases 2000 12 x 75 5 £1,900 £1,900 07/05/14
Leoville Las Cases 2007 6 x 75 10 £450 £450 07/04/14
Leoville Las Cases 2008 12 x 75 2 £860 £850 22/04/14
Leoville Poyfere 2007 12 x 75 5 £370 £365 14/02/14
Les Forts de Latour 2008 12 x 75 3 £1,190 £1,195 30/03/14
Lynch Bages 2010 6 x 75 1 £450 £425 18/04/14
Malescot St Exupery 2004 12 x 75 1 £325 £325 13/06/13
Margaux 2008 12 x 75 2 £2,700 £2,700 23/04/14
Mouton Rothschild 2001 12 x 75 1 £2,760 £2,760 28/03/14
Mouton Rothschild 2002 12 x 75 3 £2,700 £2,700 05/05/14
Mouton Rothschild 2004 12 x 75 1 £2,650 £2,650 23/05/14
Mouton Rothschild 2009 12 x 75 1 £4,700 £4,675 14/02/14
Ornellaia 2004 6 x 75 1 £750 £750 10/12/13
Ornellaia 2009 6 x 75 20 £590 £550 14/11/13
Palmer 1999 12 x 75 1 £1,750 £1,705 27/04/14
Pavie 2003 12 x 75 1 £1,840 £1,800 02/05/14
Pavie 2008 12 x 75 5 £1,525 £1,525 04/03/14
Pavillon Rouge 2000 12 x 75 4 £1,370 £1,340 14/08/13
Pavillon Rouge 2001 12 x 75 4 £920 £920 07/04/14
Pavillon Rouge 2003 12 x 75 4 £970 £960 29/11/13
Pavillon Rouge 2006 12 x 75 10 £905 £910 06/09/13
Pavillon Rouge 2008 12 x 75 10 £900 £890 21/03/14
Pavillon Rouge 2009 12 x 75 10 £900 £900 31/03/14
Sassicaia 2007 12 x 75 5 £1,240 £1,240 18/03/14
Smith Haut Lafitte Rouge 2010 12 x 75 5 £800 £770 24/09/13
Smith Haut Lafitte Rouge 2010 6 x 75 1 £400 £385 24/09/13
Trotanoy 2009 6 x 75 1 £1,080 £1,080 06/03/14

Enjoy the rest of your weekend.

 

Steve, Daniel, Simon & Jean

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