The wine you don't want

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Neal.Mollen
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The wine you don't want

#1 Post by Neal.Mollen » June 21st, 2019, 11:25 am

When I was young and foolish I got on the SQN list. I like the wine fine, on occasion, but I have accumulated a lot more of it than I am likely ever going to drink. In particular, I am going to try to move on from a few EBA box sets.

I have never sold a bottle of wine before. Given a bunch away, traded a few bottles here and there . . . . I have no idea where to start. How do those who move in and out of positions on wine maximize return and minimize hassle? Private sale, sell to retailer, consignment, auction . . . lots of choices I suppose. I am in no particular hurry. What do you recommend?
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Victor Hong
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Re: The wine you don't want

#2 Post by Victor Hong » June 21st, 2019, 11:31 am

I plan to bequeath them.
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Re: The wine you don't want

#3 Post by Neal.Mollen » June 21st, 2019, 11:32 am

Victor Hong wrote:
June 21st, 2019, 11:31 am
I plan to bequeath them.
To your kids? newhere
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Re: The wine you don't want

#4 Post by Victor Hong » June 21st, 2019, 11:33 am

Yes, but only because my cat does not drink.
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Re: The wine you don't want

#5 Post by Paul Jaouen » June 21st, 2019, 11:34 am

I think it depends on what you have. SQN would be good for the auction route. I can recommend Zachy's, HDH, Heritage.
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Re: The wine you don't want

#6 Post by John S » June 21st, 2019, 11:35 am

You'll get a variety of answers. If quantity, auction is by far the easiest. Think over 100 bottles. They will often pick up and ship free if the value is enough. If just scattered bottles of SQN one could probably work to find private buyer but that takes time.
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Re: The wine you don't want

#7 Post by Anton D » June 21st, 2019, 12:07 pm

Don't buy what you don't want.

Otherwise, why insinuate yourself as an intermediary for a product you don't want?
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Re: The wine you don't want

#8 Post by D@vid Bu3ker » June 21st, 2019, 12:09 pm

Victor Hong wrote:
June 21st, 2019, 11:33 am
Yes, but only because my cat does not drink.
My cat does.
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Re: The wine you don't want

#9 Post by Neal.Mollen » June 21st, 2019, 12:12 pm

D@vid Bu3ker wrote:
June 21st, 2019, 12:09 pm
Victor Hong wrote:
June 21st, 2019, 11:33 am
Yes, but only because my cat does not drink.
My cat does.
But always uses Uber thereafter, right?
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Re: The wine you don't want

#10 Post by Chris Seiber » June 21st, 2019, 12:14 pm

John S wrote:
June 21st, 2019, 11:35 am
You'll get a variety of answers. If quantity, auction is by far the easiest. Think over 100 bottles. They will often pick up and ship free if the value is enough. If just scattered bottles of SQN one could probably work to find private buyer but that takes time.
This sounds right. Getting rid of a few cases of SQN could be done pretty easily by yourself, by posting on Commerce Corner or asking around people you know. You'd have to deal with a modest amount of logistics (collecting money, shipping).

You're quite fortunate the wine you don't want anymore is SQN. Those should be quite easy and lucrative to resell. Most collectors end up with over the hill bottles of 15% Aussie Shiraz and stuff like that which nobody wants to buy.

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Re: The wine you don't want

#11 Post by Neal.Mollen » June 21st, 2019, 12:17 pm

Thanks everyone. Learning as you post.

Honestly, I haven't gone to Commerce Corner because I am trying to maximize the return, and I'd feel like a heel doing that with (some of) you guys.
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Re: The wine you don't want

#12 Post by Kevin Porter » June 21st, 2019, 12:22 pm

Can you sell to or consign with DC/VA/MD Retailers? I know that is permitted in some States (certainly not in the People's Commonwealth of PA). If it is permitted it might be the best balance of low friction/high return.

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Re: The wine you don't want

#13 Post by Neal.Mollen » June 21st, 2019, 12:24 pm

Kevin Porter wrote:
June 21st, 2019, 12:22 pm
Can you sell to or consign with DC/VA/MD Retailers? I know that is permitted in some States (certainly not in the People's Commonwealth of PA). If it is permitted it might be the best balance of low friction/high return.
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Re: The wine you don't want

#14 Post by D@vid Bu3ker » June 21st, 2019, 12:31 pm

Neal.Mollen wrote:
June 21st, 2019, 12:12 pm
D@vid Bu3ker wrote:
June 21st, 2019, 12:09 pm
Victor Hong wrote:
June 21st, 2019, 11:33 am
Yes, but only because my cat does not drink.
My cat does.
But always uses Uber thereafter, right?
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Re: The wine you don't want

#15 Post by M.Kaplan » June 21st, 2019, 12:56 pm

Neal.Mollen wrote:
June 21st, 2019, 12:17 pm
Thanks everyone. Learning as you post.

Honestly, I haven't gone to Commerce Corner because I am trying to maximize the return, and I'd feel like a heel doing that with (some of) you guys.

Depending on quantity, Commerce Corner might be your best bet, but factor in shipping and inconvenience. If you sell to a retailer, you’ll get something like 60% of Wine Searcher. If you have quantity, auction may be your best bet. Recent vintages are more plentiful, so prices will be less than older vintages except for rarities (like Pearl Clutcher) and large format. Annually released whites are abundant and will likely sell for a loss. I’ve been told that the two (Hong Kong?) buyers who competitively ran up prices are no longer active and the market has softened accordingly.
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Re: The wine you don't want

#16 Post by David_K » June 21st, 2019, 12:58 pm

Not an expert on SQN, but if we're talking several cases, in quantity for each bottle, I agree with the auction route listed above. If you have more of a scattershot of various cuvees, you could try WineBid. They have a $2,500 minimum and it wouldn't take that much SQN to reach that. You can request an appraisal here: https://www.winebid.com/SellWine#requestAppraisal. Commerce Corner also an option, but staging all the boxing and shipping is going to become a pain really fast if you have more than a case or two.
Last edited by David_K on June 21st, 2019, 12:59 pm, edited 1 time in total.
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Re: The wine you don't want

#17 Post by Howard Cooper » June 21st, 2019, 12:59 pm

Neal.Mollen wrote:
June 21st, 2019, 12:17 pm
Thanks everyone. Learning as you post.

Honestly, I haven't gone to Commerce Corner because I am trying to maximize the return, and I'd feel like a heel doing that with (some of) you guys.
If you want ease, I think MacArthurs and Schneider’s buy wines. Don’t know how prices compare with net auction prices. Do you want cash or store credit - some places give you a better deal if you take store credit.
Howard

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Re: The wine you don't want

#18 Post by Neal.Mollen » June 21st, 2019, 1:18 pm

Howard Cooper wrote:
June 21st, 2019, 12:59 pm
Neal.Mollen wrote:
June 21st, 2019, 12:17 pm
Thanks everyone. Learning as you post.

Honestly, I haven't gone to Commerce Corner because I am trying to maximize the return, and I'd feel like a heel doing that with (some of) you guys.
If you want ease, I think MacArthurs and Schneider’s buy wines. Don’t know how prices compare with net auction prices. Do you want cash or store credit - some places give you a better deal if you take store credit.
Years ago I asked at Schneiders and they were unenthused (although I didn't talk to Jon directly). I have to stop in to McArthurs anyway; I'll ask!

Thanks again everyone!
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Re: The wine you don't want

#19 Post by Howard Cooper » June 21st, 2019, 1:26 pm

Neal.Mollen wrote:
June 21st, 2019, 1:18 pm
Howard Cooper wrote:
June 21st, 2019, 12:59 pm
Neal.Mollen wrote:
June 21st, 2019, 12:17 pm
Thanks everyone. Learning as you post.

Honestly, I haven't gone to Commerce Corner because I am trying to maximize the return, and I'd feel like a heel doing that with (some of) you guys.
If you want ease, I think MacArthurs and Schneider’s buy wines. Don’t know how prices compare with net auction prices. Do you want cash or store credit - some places give you a better deal if you take store credit.
Years ago I asked at Schneiders and they were unenthused (although I didn't talk to Jon directly). I have to stop in to McArthurs anyway; I'll ask!

Thanks again everyone!
Sent you a pm re your post.
Howard

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Re: The wine you don't want

#20 Post by Brandon R » June 21st, 2019, 1:58 pm

I would, without a doubt, go the route of an auction house. It's far and away the most convenient and, as stated above, many will send you shippers and pay for the shipping. Sending wine anywhere yourself is a hassle and you risk having the wine seized. You might not get top dollar, but it's certainly going to be higher than what you paid on release for SQN I would imagine. To me, doing it legally, with very little effort, to people with whom you don't have a personal relationship, and still making a little money by using an auction would be the best route.
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Re: The wine you don't want

#21 Post by NoahR » June 21st, 2019, 2:18 pm

Chris Seiber wrote:
June 21st, 2019, 12:14 pm
John S wrote:
June 21st, 2019, 11:35 am
You'll get a variety of answers. If quantity, auction is by far the easiest. Think over 100 bottles. They will often pick up and ship free if the value is enough. If just scattered bottles of SQN one could probably work to find private buyer but that takes time.
You're quite fortunate the wine you don't want anymore is SQN. Those should be quite easy and lucrative to resell. Most collectors end up with over the hill bottles of 15% Aussie Shiraz and stuff like that which nobody wants to buy.
Hahahaha. That’s EXACTLY what SQN is - 15% Syrah that Parker ratings shot to the moon...
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Re: The wine you don't want

#22 Post by Vince T » June 21st, 2019, 2:30 pm

You may want to check out K&L - they're more casual as far as auctions go, but they have a few advantages...
- $5 listing fee + 0% seller commission (if you take K&L store credit)
- low threshold on what qualifies (several bottles of SQN should definitely qualify)
- you can see what prices bottles have historically sold for.
https://www.klwines.com/Auction/Informa ... sList.aspx
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Re: The wine you don't want

#23 Post by Doug Schulman » June 21st, 2019, 2:31 pm

I'd probably sell to a retailer who has customers for that kind of thing. Anyone who isn't enthusiastic as soon as you mention it is the wrong place. Even retailers who don't specialize in this style of wine may be able to easily sell it for top dollar. I don't know how your return doing that would compare to an auction house, but it's easy enough to get an auction estimate and find out how much a retailer would pay.
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Re: The wine you don't want

#24 Post by Paul Miller » June 21st, 2019, 2:40 pm

D@vid Bu3ker wrote:
June 21st, 2019, 12:09 pm
Victor Hong wrote:
June 21st, 2019, 11:33 am
Yes, but only because my cat does not drink.
My cat does.
<===

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Re: The wine you don't want

#25 Post by Robert.A.Jr. » June 21st, 2019, 2:43 pm

The thought of Counselor drinking SQN makes me chuckle.

I wish I could find my email response when he first made the list. It was such an emotional day.

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Re: The wine you don't want

#26 Post by dave kammerer » June 21st, 2019, 4:01 pm

Flickinger has sold most of my SQN. Good prices and excellent service.

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Re: The wine you don't want

#27 Post by Tom G l a s g o w » June 21st, 2019, 4:46 pm

dave kammerer wrote:
June 21st, 2019, 4:01 pm
Flickinger has sold most of my SQN. Good prices and excellent service.
Wow, your cat looks thirstier than David’s cat.

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Re: The wine you don't want

#28 Post by Joe G a l e w s k i » June 21st, 2019, 4:54 pm

You could send your list of wines to Benchmark, Cellaraiders and many other retailers who buy properly stored wine, and they will give you a quote to buy it outright. I've looked at auction results and have felt better selling it directly for a fixed price. But it probably depends on the wine.

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Re: The wine you don't want

#29 Post by Todd Tucker » June 21st, 2019, 5:00 pm

I second Vince's rec for K+L. I did just what you are describing earlier this year with the last of mine and sent them to them. The wines did quite well on their auction. If your value total is over 10k, they only take 10% of your hammer price.

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Re: The wine you don't want

#30 Post by Jake-D » June 21st, 2019, 5:42 pm

Also echo Vince’s K & L suggestion. I’ve done that about six times in past years, for store credit — it was easy and went well.

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Re: The wine you don't want

#31 Post by YLee » June 22nd, 2019, 12:09 am

Dont you have to pay taxes on wines you sell at auctions? Plus fees for the auction?
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Re: The wine you don't want

#32 Post by Chris Seiber » June 22nd, 2019, 9:11 am

NoahR wrote:
June 21st, 2019, 2:18 pm
Chris Seiber wrote:
June 21st, 2019, 12:14 pm
John S wrote:
June 21st, 2019, 11:35 am
You'll get a variety of answers. If quantity, auction is by far the easiest. Think over 100 bottles. They will often pick up and ship free if the value is enough. If just scattered bottles of SQN one could probably work to find private buyer but that takes time.
You're quite fortunate the wine you don't want anymore is SQN. Those should be quite easy and lucrative to resell. Most collectors end up with over the hill bottles of 15% Aussie Shiraz and stuff like that which nobody wants to buy.
Hahahaha. That’s EXACTLY what SQN is - 15% Syrah that Parker ratings shot to the moon...
Except the “which nobody wants to buy” part. Which is the key in this particular instance. [cheers.gif]

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Re: The wine you don't want

#33 Post by NoahR » June 22nd, 2019, 9:17 am

04E2DB4C-0CDF-4797-AD0B-E5DCB2B94043.jpeg
Chris Seiber wrote:
June 22nd, 2019, 9:11 am
NoahR wrote:
June 21st, 2019, 2:18 pm
Chris Seiber wrote:
June 21st, 2019, 12:14 pm


You're quite fortunate the wine you don't want anymore is SQN. Those should be quite easy and lucrative to resell. Most collectors end up with over the hill bottles of 15% Aussie Shiraz and stuff like that which nobody wants to buy.
Hahahaha. That’s EXACTLY what SQN is - 15% Syrah that Parker ratings shot to the moon...
Except the “which nobody wants to buy” part. Which is the key in this particular instance. [cheers.gif]
No doubt! Sell!
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Re: The wine you don't want

#34 Post by Jeremy C » June 22nd, 2019, 9:29 am

YLee wrote:
June 22nd, 2019, 12:09 am
Dont you have to pay taxes on wines you sell at auctions? Plus fees for the auction?
I imagine that depends on your cost basis.
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Re: The wine you don't want

#35 Post by Chris Seiber » June 22nd, 2019, 11:36 am

Neal.Mollen wrote:
June 21st, 2019, 12:17 pm
Thanks everyone. Learning as you post.

Honestly, I haven't gone to Commerce Corner because I am trying to maximize the return, and I'd feel like a heel doing that with (some of) you guys.
Everyone sells at or just below market prices on CC. There isn’t any expectation you ought to sell at your cost or anything, including to people you know.

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Re: The wine you don't want

#36 Post by Scott G r u n e r » June 22nd, 2019, 12:06 pm

I sold my unwanted SQN at HDH. They will arrange/assemble bull shipments from various regions to simplify the shipping process.
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Re: The wine you don't want

#37 Post by Thomas Keim » June 22nd, 2019, 12:30 pm

Neal.Mollen wrote:
June 21st, 2019, 11:25 am
When I was young and foolish I got on the SQN list. I like the wine fine, on occasion, but I have accumulated a lot more of it than I am likely ever going to drink. In particular, I am going to try to move on from a few EBA box sets.

I have never sold a bottle of wine before. Given a bunch away, traded a few bottles here and there . . . . I have no idea where to start. How do those who move in and out of positions on wine maximize return and minimize hassle? Private sale, sell to retailer, consignment, auction . . . lots of choices I suppose. I am in no particular hurry. What do you recommend?
These wines go for a pretty penny on the auction block Neal (most of the time selling for 3-4 times what they are worth). Think of the Bordeaux and Champagne you can replace them with?
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Re: The wine you don't want

#38 Post by Neal.Mollen » June 22nd, 2019, 12:47 pm

Thomas Keim wrote:
June 22nd, 2019, 12:30 pm
Neal.Mollen wrote:
June 21st, 2019, 11:25 am
When I was young and foolish I got on the SQN list. I like the wine fine, on occasion, but I have accumulated a lot more of it than I am likely ever going to drink. In particular, I am going to try to move on from a few EBA box sets.

I have never sold a bottle of wine before. Given a bunch away, traded a few bottles here and there . . . . I have no idea where to start. How do those who move in and out of positions on wine maximize return and minimize hassle? Private sale, sell to retailer, consignment, auction . . . lots of choices I suppose. I am in no particular hurry. What do you recommend?
These wines go for a pretty penny on the auction block Neal (most of the time selling for 3-4 times what they are worth). Think of the Bordeaux and Champagne you can replace them with?
That's why they are going Thomas!

Thanks again to all of you for the advice. I have a list of folks to call on Monday.
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Re: The wine you don't want

#39 Post by etomasi » June 22nd, 2019, 1:02 pm

I've sold wine to Schneiders, but they are in the business of making money obviously. I wouldn't expect more than 30-50% retail. For really collectible Sin Qua Non, They might give you more, but dont expect what you would get on commerce corner.
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Re: The wine you don't want

#40 Post by RMann » June 24th, 2019, 1:18 pm

David_K wrote:
June 21st, 2019, 12:58 pm
Not an expert on SQN, but if we're talking several cases, in quantity for each bottle, I agree with the auction route listed above. If you have more of a scattershot of various cuvees, you could try WineBid. They have a $2,500 minimum and it wouldn't take that much SQN to reach that. You can request an appraisal here: https://www.winebid.com/SellWine#requestAppraisal. Commerce Corner also an option, but staging all the boxing and shipping is going to become a pain really fast if you have more than a case or two.
Hi everyone and thanks David K for your comments. I'm the new CEO at WineBid and starting to get a little involved in WineBerserkers. We greatly appreciate the community! Happy to take any questions through the link DavidK noted or through our customer service contacts. Not here to pitch or sell anything, just to contribute where possible. newhere
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Re: The wine you don't want

#41 Post by Scott G r u n e r » June 24th, 2019, 2:57 pm

Welcome Russ. Love to hear what regions/wines float your personal boat.
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Re: The wine you don't want

#42 Post by Loren Sonkin » June 25th, 2019, 2:43 pm

No idea but this takes me back to Manfred giving you some sh*t when you first made the list. Thanks for the chuckle. Made we want to post for the first time in a long time.
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Re: The wine you don't want

#43 Post by Paul McCourt » June 25th, 2019, 3:03 pm

Chris Seiber wrote:
June 22nd, 2019, 11:36 am
Neal.Mollen wrote:
June 21st, 2019, 12:17 pm
Thanks everyone. Learning as you post.

Honestly, I haven't gone to Commerce Corner because I am trying to maximize the return, and I'd feel like a heel doing that with (some of) you guys.
Everyone sells at or just below market prices on CC. There isn’t any expectation you ought to sell at your cost or anything, including to people you know.
I'll second this. I don't expect people to sell a wine like this on CC at way below what it is priced at out there in the market. Speaking for myself, I wouldn't expect you to give up large amounts of money just because it is WB. "Fair" doesn't mean I get a tremendous deal at your expense.
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Re: The wine you don't want

#44 Post by CJ Beazley » June 25th, 2019, 3:06 pm

Neal.Mollen wrote:
June 21st, 2019, 11:25 am
When I was young and foolish I got on the SQN list. I like the wine fine, on occasion, but I have accumulated a lot more of it than I am likely ever going to drink. In particular, I am going to try to move on from a few EBA box sets.

I have never sold a bottle of wine before. Given a bunch away, traded a few bottles here and there . . . . I have no idea where to start. How do those who move in and out of positions on wine maximize return and minimize hassle? Private sale, sell to retailer, consignment, auction . . . lots of choices I suppose. I am in no particular hurry. What do you recommend?
It’s a great theme for an offline ‘the bottles you don’t want to drink, don’t want to part with, and can’t find a way to sell’
It's C(raig)

markjchambers
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Joined: April 19th, 2019, 6:55 am

Re: The wine you don't want

#45 Post by markjchambers » June 25th, 2019, 3:30 pm

I second using winebid.com I've bought and sold wine there and the experience is seamless and professional. You will pay 19%, I think, to the auction house, but if you're wine sells at 3-4x the release price you'll do well and it won't keep you awake at night. The auction premium will eat your profits on recent releases, but old stuff (>10 yrs) will net you a pretty penny.

You could also sell them directly to people on this board. I bought and sold wine to people on the RP board back in the day. I would be a buyer of EBA SQN if the price was fair. But it is illegal. You risk having the shipment confiscated. I could cheat you. You could cheat me. Use an auction house or auction site.

Cole Kendall
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Joined: June 2nd, 2009, 7:58 am

Re: The wine you don't want

#46 Post by Cole Kendall » June 26th, 2019, 6:17 am

I sold a few bottles with K&L and turned them into a number of bottles that I was happier to own.

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Sh@n A
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Re: The wine you don't want

#47 Post by Sh@n A » June 26th, 2019, 7:21 am

Not a fan of selling through WineBid for reasons mentioned on another thread. Selling through any auction house generally is also painful as well... charge you 20% commission and buyer pays 30% (including tax)... so 50% goes to the house. As a buyer from WineBid, I think the experience is very good.

I don't have much wine to sell, but I have seen some retailers send out cellar offers with higher prices than others. I would likely approach two such retailers alongside any auction appraisals.
/ @ g r @ \

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RMann
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Joined: June 3rd, 2019, 1:07 pm

Re: The wine you don't want

#48 Post by RMann » June 26th, 2019, 4:31 pm

markjchambers wrote:
June 25th, 2019, 3:30 pm
I second using winebid.com I've bought and sold wine there and the experience is seamless and professional. You will pay 19%, I think, to the auction house, but if you're wine sells at 3-4x the release price you'll do well and it won't keep you awake at night. The auction premium will eat your profits on recent releases, but old stuff (>10 yrs) will net you a pretty penny.

You could also sell them directly to people on this board. I bought and sold wine to people on the RP board back in the day. I would be a buyer of EBA SQN if the price was fair. But it is illegal. You risk having the shipment confiscated. I could cheat you. You could cheat me. Use an auction house or auction site.
Thanks Mark, for the kind comments. We try our best to deliver seamless customer experience at great value. In case it helps readers, to set the record straight: seller's commission declines with the size of the consignment. A $100K cellar/consignment is charged a lower premium than a $10K cellar, much lower than 19%- that's only for <$10K consignments. Happy to answer any questions directly via PM or through WineBid sellwine page. And as Mark notes, we definitely advocate individuals going through any auction house, even if not ours, rather than selling privately and risking legal and possible sales tax liabilities. Happy buying/selling/trading to all.
Russ Mann, CEO WineBid

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RMann
Posts: 61
Joined: June 3rd, 2019, 1:07 pm

Re: The wine you don't want

#49 Post by RMann » June 26th, 2019, 4:38 pm

Sh@n A wrote:
June 26th, 2019, 7:21 am
Not a fan of selling through WineBid for reasons mentioned on another thread. Selling through any auction house generally is also painful as well... charge you 20% commission and buyer pays 30% (including tax)... so 50% goes to the house. As a buyer from WineBid, I think the experience is very good.

I don't have much wine to sell, but I have seen some retailers send out cellar offers with higher prices than others. I would likely approach two such retailers alongside any auction appraisals.
Hi Sh@n A, thanks for your kind comments as a buyer on WineBid, we really strive to share the absolute best experience at great value for both buyers and sellers. Sorry if you had a bad experience selling through us or a different auction house- feel free to PM me about it. Not to be pitchy, but to provide some facts- sellers commissions and buyers commissions vary at various auction houses. As mentioned in a prior thread, WineBid seller commission is far less than 20% depending on size of consignment. Buyer commission is only 17%- less than quoted above (although other places may have higher buyer premium). We greatly appreciate all Berserker feedback and take it seriously, here in the forums or through our customer service contacts. Happy tasting and sharing- wine and feedback!
Russ Mann, CEO WineBid

LarryA
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Joined: February 22nd, 2010, 11:32 am

Re: The wine you don't want

#50 Post by LarryA » June 29th, 2019, 9:13 am

I was in exactly your situation, Neal. I had thought I would like SQNs once they got some age on them and bought quite a few, usually a couple of bottles of each from the late-'90s vintages through the early 2000s. I found I didn't like them with age on them any more than when they were young.

I chose Benchmark Wine Group as the place to sell. They actually buy them from you, naturally at a price less than what they sell them for, and the yield may be less than putting them on-line with K&L, for instance. But they just send you a check, and also arrange for shipping. Very easy to deal with.
Larry Archibald
Santa Fe, NM

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