You are looking how to sell wine collection inventory. Yes, sometimes collectors do want to sell their collection, only a portion, only a few bottles, or even just a single bottle. One does not have to be a wine collector, however, to be seeking information about how to do this. A family member may receive a collection and decide to part with it. Selling a collection may be a once in a lifetime event so it is not surprising that more people are not aware of how to make this happen.
If you are looking to sell a single bottle of a fine wine it may be difficult to do. That may be best accomplished by word-of-mouth communication. There are several ways, though, to sell large amounts of a personal inventory. The most often used ways are a person-to-person transaction through local or national advertising, using an auction house, or by contacting wine merchants who so this sort of thing as part of their core business.
If you cannot prove the provenance of your vintage or if it has not been stored in ideal conditions it will be more difficult to sell it. Provenance is the documented proof of a vintage and ownership of something. An example of a resource to check the quality of your inventory is Wine Spectator's Auction Price Database's auction database.
One collector decided to sell about 9,000 bottles. That was 90 percent of what he owned. He used the services of a well-known New York auction house. Another connoisseur sold a very expensive collection by utilizing blogs and making personal contact with potential buyers. More often than not, however, most inventories for sale are not as large as these.
You
If you are looking to sell a single bottle of a fine wine it may be difficult to do. That may be best accomplished by word-of-mouth communication. There are several ways, though, to sell large amounts of a personal inventory. The most often used ways are a person-to-person transaction through local or national advertising, using an auction house, or by contacting wine merchants who so this sort of thing as part of their core business.
If you cannot prove the provenance of your vintage or if it has not been stored in ideal conditions it will be more difficult to sell it. Provenance is the documented proof of a vintage and ownership of something. An example of a resource to check the quality of your inventory is Wine Spectator's Auction Price Database's auction database.
One collector decided to sell about 9,000 bottles. That was 90 percent of what he owned. He used the services of a well-known New York auction house. Another connoisseur sold a very expensive collection by utilizing blogs and making personal contact with potential buyers. More often than not, however, most inventories for sale are not as large as these.
You
can get an idea of what wines are selling for nowadays by checking with companies that specialize in pricing in this niche market. This is a good start point because you then have a start point to refer to. Some companies will want an inventory of what you own. They can then provide you with an estimate of what it is worth. There are companies that will buy your group outright. They will even come to your residence and pack and transport it to their storage facilities.
You can look up the prices yourself to find out what you inventory is worth. This may be faster to do but less accurate than if a professional does it. Total the value and half it. If the inventory was stored in warmer conditions you'll need to lower its value even more. Include a disclaimer that identifies the process you use. Craigslist is an easy, inexpensive way to advertise your sale.
One way to sell your inventory is through an auction house that specializes in that process. An auction house will want documentation about how the wine has been stored. They'll normally only deal will large inventories. Ensure you have an inventory already worked up. They may decline if in their estimate the storage conditions did not meet their standards.
Auction houses will want to make a profit on the transaction. Take into account their commission structure, lotting fees, and insurance fees. These fees can amount to a substantial amount and will decrease your profit. However, some of them will not charge a commission or other fees if you accept their equivalent of a store credit when you sell wine collection.
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You can look up the prices yourself to find out what you inventory is worth. This may be faster to do but less accurate than if a professional does it. Total the value and half it. If the inventory was stored in warmer conditions you'll need to lower its value even more. Include a disclaimer that identifies the process you use. Craigslist is an easy, inexpensive way to advertise your sale.
One way to sell your inventory is through an auction house that specializes in that process. An auction house will want documentation about how the wine has been stored. They'll normally only deal will large inventories. Ensure you have an inventory already worked up. They may decline if in their estimate the storage conditions did not meet their standards.
Auction houses will want to make a profit on the transaction. Take into account their commission structure, lotting fees, and insurance fees. These fees can amount to a substantial amount and will decrease your profit. However, some of them will not charge a commission or other fees if you accept their equivalent of a store credit when you sell wine collection.
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