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.
The chances of finding someone to buy one bottle of a quality wine is small. However, there are many techniques to sell a collection. The most popular ways are to contact an auction house, engage in a person-to-person transaction, or by contacting wine merchants that make a business of selling collections.
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.
Here is an example of a real-life large scale inventory that was sold to a large auction house in New York. The collector chose to sell about 90 percent of what was in his cellar. That totaled about 9,000 bottles. Another real-life example is a collection that the owner valued in the five figures. It is more likely, however, that most groupings would be of a more scaled down size.
If you visit websites that provide pricing information you can quickly get some idea of what wine prices are. Once you've done that you will have a good start point from which to plan your next move. Most companies will want to see an inventory listing of what you have. Then they will be able to give you an appraisal of what it is worth on the open market. Some companies will buy your whole group outright and come to your home to pack it up and ship it to their warehouses.
For a quicker but perhaps less accurate idea of what your inventory is worth you can research all of the prices yourself. Add them up and half that total. If your group has been in less than ideal storage conditions, part with it for less than half of that total. Advertising on Craigslist is a good alternative also.
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.
The chances of finding someone to buy one bottle of a quality wine is small. However, there are many techniques to sell a collection. The most popular ways are to contact an auction house, engage in a person-to-person transaction, or by contacting wine merchants that make a business of selling collections.
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.
Here is an example of a real-life large scale inventory that was sold to a large auction house in New York. The collector chose to sell about 90 percent of what was in his cellar. That totaled about 9,000 bottles. Another real-life example is a collection that the owner valued in the five figures. It is more likely, however, that most groupings would be of a more scaled down size.
If you visit websites that provide pricing information you can quickly get some idea of what wine prices are. Once you've done that you will have a good start point from which to plan your next move. Most companies will want to see an inventory listing of what you have. Then they will be able to give you an appraisal of what it is worth on the open market. Some companies will buy your whole group outright and come to your home to pack it up and ship it to their warehouses.
For a quicker but perhaps less accurate idea of what your inventory is worth you can research all of the prices yourself. Add them up and half that total. If your group has been in less than ideal storage conditions, part with it for less than half of that total. Advertising on Craigslist is a good alternative also.
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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