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lundi 27 mai 2013

Sell Wine Collection Ideas To Use

By Vicki Diaz


You want to sell wine collection as soon as you can. If someone has collected a substantial inventory there may be a point when they want to part with some of it or all of it. Not only wine collectors, though, sometimes want to part with what they've accumulated. Someone may inherit a collection and not want to keep part of it or all of it. This may not occur very often. So, it is understandable that most people are unfamiliar with how to do this.

It may be difficult to find someone to buy a single bottle of an expensive vintage. There are ways, however, to sell a collection. Auction houses are available, a personal transaction with another connoisseur, or working with retail or wholesale wine merchants that are experts in this field are all ways to part with an inventory.

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.

There are websites that one can use to find out what wines are selling for today. That is a good way to begin your information collecting. You'll have a reference point to start with when speaking to wine merchants or auction houses. Most companies will want an inventory list of what you propose to sell. Then they can give you an appraisal of what it is probably worth. Some will buy your whole group in a single transaction. They can come to your home to pack and ship your inventory to a storage warehouse they use.

For a quick snapshot of what your inventory is worth check the prices online. Add the prices for a total. Then half the total for a less accurate but fast way to see what may receive by selling it. If the group has not been stored in the best conditions, you may drop the value further to account for that factor. A disclaimer may a good idea to encourage a buyer. Craigslist is a cheap way to advertise your sale.

There are auction houses that specialize in selling articles of quality including a vintage. Auction houses will want proof or documentation of how the wine was stored. Normally, they will be interested in large inventories only. Try to have an inventory and approximate valued already determined to compare to what they say the inventory is worth. The auction house may decline if they believe ideal storage conditions were not maintained.

Auction houses will charge fees to provide their service. Fees will include commissions, storage costs, or insurance fees to cover any loss or damage before the product is actually sold. These fees can add up and reduce your profit on any transaction. To sell wine collection inventories some auction houses may not charge fees or may reduce fees if they offer a credit.




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