May 23 2013
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.
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.
Vintage that has not been stored in the correct conditions or whose provenance cannot be proven will be harder to sell. Provenance has to do with the chronology of ownership or proof that the vintage is a quality one. One way to check its quality is to refer to an online 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 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.
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 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.
You can visit the website www.wine-liquidators.com for more helpful information about Sell Wine Collection For Profit