Best place to sell a few cases of wine?

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Jay Miller
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Best place to sell a few cases of wine?

#1 Post by Jay Miller » October 11th, 2019, 7:19 am

I'm thinking of unloading a smallish amount (4 cases or so) of wine which has appreciated beyond where I feel comfortable drinking it and where I feel no particular emotional attachment to the bottles in question. Plus some wine which may not come around in my lifetime like my 1996 Gouges.

Do auction houses accept such a small quantity? I've never sent anything to auction so I'm not sure how that works.

Or maybe a retail store or place like Benchmark would be better?

I'm thinking of trying Commerce Corner first though I feel a little guilty doing so given that I'd only be selling wines that I consider overpriced. And if I do so, what's standard? Something like 15% below wine-searcher low price? And unless I do NYC /NJ pick up only I really don't want to fuss with shipping.

I haven't decided for certain since I bought all these wines to drink but my wine consumption keeps going down and I really want to redo the bathroom...

Anyway, all advice welcome (other than the usual from Nathan Smyth). I only started thinking about this last week so nothing is set in stone.
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Re: Best place to sell a few cases of wine?

#2 Post by Jonathan Loesberg » October 11th, 2019, 7:26 am

I sold on Commerce Corner and it worked out quite nicely. Since Wine Searcher lists retail prices, somewhat below that will sell the wine and do nicely. And I wouldn't feel guilty. What you think is overpriced, someone else will consider a bargain. I have only sold wine a couple of times, though, so I don't have other experience to compare.

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Re: Best place to sell a few cases of wine?

#3 Post by AndyK » October 11th, 2019, 7:27 am

It may be a felony to ship wine as an individual without proper license and you’ll never be able to work again blahblah
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Re: Best place to sell a few cases of wine?

#4 Post by YLee » October 11th, 2019, 7:35 am

Jay Miller wrote:
October 11th, 2019, 7:19 am
Anyway, all advice welcome (other than the usual from Nathan Smyth).
Lol!

I guess it doesnt hurt to post on CC first?
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Re: Best place to sell a few cases of wine?

#5 Post by Nathan V. » October 11th, 2019, 7:41 am

Jay Miller wrote:
October 11th, 2019, 7:19 am
I'm thinking of unloading a smallish amount (4 cases or so) of wine which has appreciated beyond where I feel comfortable drinking it and where I feel no particular emotional attachment to the bottles in question. Plus some wine which may not come around in my lifetime like my 1996 Gouges.

Do auction houses accept such a small quantity? I've never sent anything to auction so I'm not sure how that works.

Or maybe a retail store or place like Benchmark would be better?

I'm thinking of trying Commerce Corner first though I feel a little guilty doing so given that I'd only be selling wines that I consider overpriced. And if I do so, what's standard? Something like 15% below wine-searcher low price? And unless I do NYC /NJ pick up only I really don't want to fuss with shipping.

I haven't decided for certain since I bought all these wines to drink but my wine consumption keeps going down and I really want to redo the bathroom...

Anyway, all advice welcome (other than the usual from Nathan Smyth). I only started thinking about this last week so nothing is set in stone.
I've never sold to Benchmark, but I have to Chambers and Flatiron and both were good experiences. Depending on where you store your wine, MWC might be an easy option as well.

I've consigned small lots (4-5 cases) to WineBid and to Leland Little. Leland is 20 minutes from my house, so that's easy. I would think Zachy's or Acker would take small lots for the online auction but I would probably contact a retailer. They may even give you a better rate if you want to trade for store credit.
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Re: Best place to sell a few cases of wine?

#6 Post by Pat Martin » October 11th, 2019, 7:48 am

Most auction houses I have dealt with have a minimum value for consignments. If the total value is >$5k, I believe K&L will accept it at a 15% commission (10% if >$10k). I’ve sold through K&L and Winebid, and both worked fine. I’d opt for K&L going forward.
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Re: Best place to sell a few cases of wine?

#7 Post by Sh@n A » October 11th, 2019, 7:51 am

Definitely give a look to Commerce Corner. I would price to where you would sell, and don't find WS prices as relevant as much as auction price net of your paddle cost (as this is your best alternative sales route), ie a discount to auction. Ideal price is premium to a discount to auction, but less than auction (so both seller and buyer wins). Going the auction route has the extra shipping, middle man, tax, and so many other fees.
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Re: Best place to sell a few cases of wine?

#8 Post by Robert Dentice » October 11th, 2019, 7:51 am

Winebid is great for this type of sale. They will pick up at your storage or home.

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Re: Best place to sell a few cases of wine?

#9 Post by Jay Miller » October 11th, 2019, 7:56 am

Thank you all! Especially Andy who was concerned that Nathan would not be present given my request.
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Re: Best place to sell a few cases of wine?

#10 Post by AndyK » October 11th, 2019, 8:03 am

You're very welcome!
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Re: Best place to sell a few cases of wine?

#11 Post by Craig G » October 11th, 2019, 8:11 am

AndyK wrote:
October 11th, 2019, 7:27 am
It may be a felony to ship wine as an individual without proper license and you’ll never be able to work again blahblah
Never work again? Sounds perfect!
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Re: Best place to sell a few cases of wine?

#12 Post by Tom Reddick » October 11th, 2019, 8:32 am

Winebid has a 2,500 minimum and are great to work with. Acker just started doing weekly online auctions and are much more able to handle smaller consignments. Worth giving them a try.

It varies, but many brokers now want parcels of at least 10-15k value unless you have a few A list bottles for sale.
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Re: Best place to sell a few cases of wine?

#13 Post by Nathan V. » October 11th, 2019, 8:42 am

Jay Miller wrote:
October 11th, 2019, 7:56 am
Thank you all! Especially Andy who was concerned that Nathan would not be present given my request.
I don't know, I thought I was pretty helpful.
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Re: Best place to sell a few cases of wine?

#14 Post by John Morris » October 11th, 2019, 8:58 am

AndyK wrote:
October 11th, 2019, 7:27 am
It may be a felony to ship wine as an individual without proper license and you’ll never be able to work again blahblah
Congrats! You both channeled Nathan and preempted him! champagne.gif
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Re: Best place to sell a few cases of wine?

#15 Post by Howard Cooper » October 11th, 2019, 9:17 am

Pat Martin wrote:
October 11th, 2019, 7:48 am
Most auction houses I have dealt with have a minimum value for consignments. If the total value is >$5k, I believe K&L will accept it at a 15% commission (10% if >$10k). I’ve sold through K&L and Winebid, and both worked fine. I’d opt for K&L going forward.
My recollection is that K&L does not take any commission if you are willing to take a store credit rather than cash.
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Re: Best place to sell a few cases of wine?

#16 Post by Sh@n A » October 11th, 2019, 9:19 am

Howard Cooper wrote:
October 11th, 2019, 9:17 am
Pat Martin wrote:
October 11th, 2019, 7:48 am
Most auction houses I have dealt with have a minimum value for consignments. If the total value is >$5k, I believe K&L will accept it at a 15% commission (10% if >$10k). I’ve sold through K&L and Winebid, and both worked fine. I’d opt for K&L going forward.
My recollection is that K&L does not take any commission if you are willing to take a store credit rather than cash.
Don't think they ship to Jay
https://www.klwines.com/Shipping/StateLegality
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Re: Best place to sell a few cases of wine?

#17 Post by David K o l i n » October 11th, 2019, 10:30 am

Howard Cooper wrote:
October 11th, 2019, 9:17 am
Pat Martin wrote:
October 11th, 2019, 7:48 am
Most auction houses I have dealt with have a minimum value for consignments. If the total value is >$5k, I believe K&L will accept it at a 15% commission (10% if >$10k). I’ve sold through K&L and Winebid, and both worked fine. I’d opt for K&L going forward.
My recollection is that K&L does not take any commission if you are willing to take a store credit rather than cash.
Much better deal for K&L

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Re: Best place to sell a few cases of wine?

#18 Post by Bdklein » October 11th, 2019, 10:39 am

Jay Miller wrote:
October 11th, 2019, 7:19 am
I'm thinking of unloading a smallish amount (4 cases or so) of wine which has appreciated beyond where I feel comfortable drinking it and where I feel no particular emotional attachment to the bottles in question. Plus some wine which may not come around in my lifetime like my 1996 Gouges.

Do auction houses accept such a small quantity? I've never sent anything to auction so I'm not sure how that works.

Or maybe a retail store or place like Benchmark would be better?

I'm thinking of trying Commerce Corner first though I feel a little guilty doing so given that I'd only be selling wines that I consider overpriced. And if I do so, what's standard? Something like 15% below wine-searcher low price? And unless I do NYC /NJ pick up only I really don't want to fuss with shipping.

I haven't decided for certain since I bought all these wines to drink but my wine consumption keeps going down and I really want to redo the bathroom...

Anyway, all advice welcome (other than the usual from Nathan Smyth). I only started thinking about this last week so nothing is set in stone.
Can you explain why you won’t drink the wine? The fact that it is worth more than you paid makes you not want to drink it? Sounds like a good therapy topic !!
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Re: Best place to sell a few cases of wine?

#19 Post by Jay Miller » October 11th, 2019, 11:04 am

Bdklein wrote:
October 11th, 2019, 10:39 am

Can you explain why you won’t drink the wine? The fact that it is worth more than you paid makes you not want to drink it? Sounds like a good therapy topic !!
Lots of reasons.

I remember when I opened a perfectly lovely 2000 Rousseau Chambertin Clos de Beze a few years ago. When I later checked pricing on it I thought - I'd really rather have had $2,000.

I'm drinking a lot less as I get older and I still enjoy buying wine.

I'd like to redo my bathroom and every time I put money away for it an unexpected expense comes up.

I just went through every bottle I own with the criteria of whether "I really don't care if I never drink this wine". There was more than I thought. Of course there were also bottles both inexpensive and expensive which fell into the category of "they'll have to pry this from my cold dead fingers".

I was prompted to think about it last week when due to business reasons it became likely (though not certain) that the company I work for will be giving out much smaller bonuses for the foreseeable future. That's where the bathroom remodel money was supposed to come from.
Ripe fruit isn't necessarily a flaw.

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Re: Best place to sell a few cases of wine?

#20 Post by Jay Miller » October 11th, 2019, 11:06 am

Sh@n A wrote:
October 11th, 2019, 9:19 am
Howard Cooper wrote:
October 11th, 2019, 9:17 am
Pat Martin wrote:
October 11th, 2019, 7:48 am
Most auction houses I have dealt with have a minimum value for consignments. If the total value is >$5k, I believe K&L will accept it at a 15% commission (10% if >$10k). I’ve sold through K&L and Winebid, and both worked fine. I’d opt for K&L going forward.
My recollection is that K&L does not take any commission if you are willing to take a store credit rather than cash.
Don't think they ship to Jay
https://www.klwines.com/Shipping/StateLegality
Correct, not that I'm interested in a store credit anyway. I used to order from them semi-regularly so I was sorry when they stopped.
Ripe fruit isn't necessarily a flaw.

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Re: Best place to sell a few cases of wine?

#21 Post by J a y H a c k » October 11th, 2019, 11:11 am

This thread is complete BS. Just ask at the next Offline and you can probably unload it to the rest of the AFWEs.
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Re: Best place to sell a few cases of wine?

#22 Post by GregT » October 11th, 2019, 12:03 pm

I bought all these wines to drink but my wine consumption keeps going down and I really want to redo the bathroom...
Well, they're pretty much equivalent . . .

Anyway, you end up giving away something no matter what your approach. If you sell on CC and offer the friends and family discount, you leave money on the table. If you sell through Acker or one of the auction houses, they take their piece off the top and some of them also want a minimum dollar value. Not sure what it is now but I think Acker used to require that the value of your collection be at least $10K. And if you sell through a retailer, you'll have to discount for them.

All in all, I'd either do CC, or if you don't want to hassle with shipping, etc., go talk to Jamie at Chambers. He'll be fair with you and take care of everything.

Or, only sell half of it and just get the bathroom painted and re-grouted. It will look like new!

Hope you're well these days!

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Re: Best place to sell a few cases of wine?

#23 Post by Craig G » October 11th, 2019, 12:17 pm

Jay Miller wrote:
October 11th, 2019, 11:04 am
I was prompted to think about it last week when due to business reasons it became likely (though not certain) that the company I work for will be giving out much smaller bonuses for the foreseeable future.
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Re: Best place to sell a few cases of wine?

#24 Post by R@y.Tupp@+sch » October 11th, 2019, 12:22 pm

GregT wrote:
October 11th, 2019, 12:03 pm

If you sell through Acker or one of the auction houses, they take their piece off the top and some of them also want a minimum dollar value. Not sure what it is now but I think Acker used to require that the value of your collection be at least $10K.
Their "piece off the top" is a 3% handling fee.

I've never come across a minimum, no less a $10k minimum. If the consignment is a very small dollar amount (not sure what that number is but a consignment that includes 48 bottles of wines like '96 Gouges will be well over the min), they will charge you a fee to pickup the wines and bring them to their warehouse.
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Re: Best place to sell a few cases of wine?

#25 Post by Jay Miller » October 11th, 2019, 12:34 pm

GregT wrote:
October 11th, 2019, 12:03 pm

Or, only sell half of it and just get the bathroom painted and re-grouted. It will look like new!

Hope you're well these days!

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Considering the events of the last few months I'm doing remarkably well!
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Re: Best place to sell a few cases of wine?

#26 Post by Bdklein » October 11th, 2019, 2:17 pm

Jay Miller wrote:
October 11th, 2019, 11:04 am
Bdklein wrote:
October 11th, 2019, 10:39 am

Can you explain why you won’t drink the wine? The fact that it is worth more than you paid makes you not want to drink it? Sounds like a good therapy topic !!
Lots of reasons.

I remember when I opened a perfectly lovely 2000 Rousseau Chambertin Clos de Beze a few years ago. When I later checked pricing on it I thought - I'd really rather have had $2,000.

I'm drinking a lot less as I get older and I still enjoy buying wine.

I'd like to redo my bathroom and every time I put money away for it an unexpected expense comes up.

I just went through every bottle I own with the criteria of whether "I really don't care if I never drink this wine". There was more than I thought. Of course there were also bottles both inexpensive and expensive which fell into the category of "they'll have to pry this from my cold dead fingers".

I was prompted to think about it last week when due to business reasons it became likely (though not certain) that the company I work for will be giving out much smaller bonuses for the foreseeable future. That's where the bathroom remodel money was supposed to come from.
Thanks for the explanation. Makes total sense to me (not that you need my affirmation). Hope it works out for you .
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Re: Best place to sell a few cases of wine?

#27 Post by maureen nelson » October 11th, 2019, 3:21 pm

Those 96 gouges are coming around!

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Re: Best place to sell a few cases of wine?

#28 Post by A Rubin Stein » October 11th, 2019, 3:40 pm

The auction market is softening. Mixed case lots, even of great wines, are not generating that much demand. See the Golodetz sale thread. Factor in the fees and I suspect your return will be low.

I think the better route would be Commerce Corner, although you'd have to deal with multiple individual transactions.

I've used Flatiron for consignments similar to yours, Jay. Their prices were fair, they picked everything up and the transactions were smooth overall.
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Re: Best place to sell a few cases of wine?

#29 Post by Gary Ahearn » October 11th, 2019, 4:01 pm

Jay, I've done this many times with K&L wines--3-6 cases at a time, bottles anywhere from $40 to $400, when I lived in Oregon. Quite pleased with the results. Moved to Florida two years go, so I had to stop. But as of August 1st, out-of-state retailers can ship to Florida . . . which means I can ship wines back to K&L. May start up again. Just a narrower shipping window. Good luck.

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Re: Best place to sell a few cases of wine?

#30 Post by Pat Martin » October 11th, 2019, 4:56 pm

In Colorado at least, I can still ship wine to a retailer even if they can no longer ship to me, ie K&L.
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Re: Best place to sell a few cases of wine?

#31 Post by Pat Martin » October 11th, 2019, 4:58 pm

A Rubin Stein wrote:
October 11th, 2019, 3:40 pm
The auction market is softening.
True that. But I’ve still found K&L’s free estimates quite good. Either they’re conservative to begin with or they’ve successfully recalibrated.
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Re: Best place to sell a few cases of wine?

#32 Post by Chris Seiber » October 11th, 2019, 5:19 pm

Assuming they’re wines of interest to WBers, you’ll realize more moneys though CC. But it’ll take more effort selling and shipping and collecting. So it’s just a trade off for you.

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Re: Best place to sell a few cases of wine?

#33 Post by Lee Short » October 13th, 2019, 3:24 pm

I've had good luck with Hart Davis Hart.

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Re: Best place to sell a few cases of wine?

#34 Post by Jay Miller » October 15th, 2019, 1:51 pm

maureen nelson wrote:
October 11th, 2019, 3:21 pm
Those 96 gouges are coming around!
Softening from diamond to corundum?
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Re: Best place to sell a few cases of wine?

#35 Post by John Morris » October 15th, 2019, 3:57 pm

maureen nelson wrote:
October 11th, 2019, 3:21 pm
Those 96 gouges are coming around!
I await corroboration before I open one of mine.
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Re: Best place to sell a few cases of wine?

#36 Post by Mike Maguire » October 15th, 2019, 4:38 pm

Pat Martin wrote:
October 11th, 2019, 4:58 pm
A Rubin Stein wrote:
October 11th, 2019, 3:40 pm
The auction market is softening.
True that. But I’ve still found K&L’s free estimates quite good. Either they’re conservative to begin with or they’ve successfully recalibrated.
Had good luck with K&L a few years back.

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Re: Best place to sell a few cases of wine?

#37 Post by Jay Miller » November 4th, 2019, 6:30 am

If I post some wine on Commerce Corner I was thinking 20% off the average auction price shown in Cellartracker might be fair/appropriate? What do people think?

It would be only for Jersey City/NYC pickup. Or I suppose Wilmington, DE as I'll be down there in December visiting friends.



Also - Yaacov I remember you emailing me regarding this but for some reason I can't find the email. If I remember correctly please resend.
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Re: Best place to sell a few cases of wine?

#38 Post by HoosJustinG » June 11th, 2020, 5:22 pm

Any recent experiences with Winebid vs K&L? I submitted nearly the same list as I sent to Commerce Corner here — basically bunch of new world mostly cabs that go for anywhere from 30 bucks or so to 500+. WineBid will pickup for free and take the whole lot. K&L will auction most of them, but not interested in about 25% of the list (other than to buy outright at a price that makes shipping it a ridiculous idea). They also require me to pay for overnight shipping to them (several cases from VA to CA).

Basically across the board K&L gave me higher estimates for what the wines might fetch at auction. Any thoughts? Is Winebid more conservative? Does K&L do better with new world wines vs WineBid (or all wines)? K&L actually said they start the reserve prices on the low side to encourage bidding. Just taking their “low estimate” (which is above the reserve price) is a good 20-25% higher than WineBid’s reserve.
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Re: Best place to sell a few cases of wine?

#39 Post by MikeL238 » June 11th, 2020, 5:29 pm

HoosJustinG wrote:
June 11th, 2020, 5:22 pm
Any recent experiences with Winebid vs K&L? I submitted nearly the same list as I sent to Commerce Corner here — basically bunch of new world mostly cabs that go for anywhere from 30 bucks or so to 500+. WineBid will pickup for free and take the whole lot. K&L will auction most of them, but not interested in about 25% of the list (other than to buy outright at a price that makes shipping it a ridiculous idea). They also require me to pay for overnight shipping to them (several cases from VA to CA).

Basically across the board K&L gave me higher estimates for what the wines might fetch at auction. Any thoughts? Is Winebid more conservative? Does K&L do better with new world wines vs WineBid (or all wines)? K&L actually said they start the reserve prices on the low side to encourage bidding. Just taking their “low estimate” (which is above the reserve price) is a good 20-25% higher than WineBid’s reserve.
I've consigned to both of them and ultimately found that Winebid's pickup service was just so much more convenient than having to pack up the wines and pay for the shipping. Since I'm in NYC, cross country shipping was pretty expensive too. I think what I ultimately received from K&L didn't justify the hassle of shipping and given that they don't ship to NY, I didn't have the option to get store credit.
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Re: Best place to sell a few cases of wine?

#40 Post by HoosJustinG » June 11th, 2020, 5:52 pm

MikeL238 wrote:
June 11th, 2020, 5:29 pm
HoosJustinG wrote:
June 11th, 2020, 5:22 pm
Any recent experiences with Winebid vs K&L? I submitted nearly the same list as I sent to Commerce Corner here — basically bunch of new world mostly cabs that go for anywhere from 30 bucks or so to 500+. WineBid will pickup for free and take the whole lot. K&L will auction most of them, but not interested in about 25% of the list (other than to buy outright at a price that makes shipping it a ridiculous idea). They also require me to pay for overnight shipping to them (several cases from VA to CA).

Basically across the board K&L gave me higher estimates for what the wines might fetch at auction. Any thoughts? Is Winebid more conservative? Does K&L do better with new world wines vs WineBid (or all wines)? K&L actually said they start the reserve prices on the low side to encourage bidding. Just taking their “low estimate” (which is above the reserve price) is a good 20-25% higher than WineBid’s reserve.
I've consigned to both of them and ultimately found that Winebid's pickup service was just so much more convenient than having to pack up the wines and pay for the shipping. Since I'm in NYC, cross country shipping was pretty expensive too. I think what I ultimately received from K&L didn't justify the hassle of shipping and given that they don't ship to NY, I didn't have the option to get store credit.
That’s what worries me too... I’m at just over 100 bottles of wine that they want ... so like 10 case boxes. In a non-Covid world, I’d just fly out there with my wife since I get 3 free “bags” per person on Delta and I always end up needing a few mileage runs every year anyways... I guess I’ll have to work out the math of slightly lower commission — 10% vs 15% — and use their low estimate to see if spending that kind of money on shipping will be worth it. Suppose it’s also worth considering waiting till the Fall and shipping 3-day or ground...
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Re: Best place to sell a few cases of wine?

#41 Post by MikeL238 » June 11th, 2020, 5:56 pm

HoosJustinG wrote:
June 11th, 2020, 5:52 pm
MikeL238 wrote:
June 11th, 2020, 5:29 pm
HoosJustinG wrote:
June 11th, 2020, 5:22 pm
Any recent experiences with Winebid vs K&L? I submitted nearly the same list as I sent to Commerce Corner here — basically bunch of new world mostly cabs that go for anywhere from 30 bucks or so to 500+. WineBid will pickup for free and take the whole lot. K&L will auction most of them, but not interested in about 25% of the list (other than to buy outright at a price that makes shipping it a ridiculous idea). They also require me to pay for overnight shipping to them (several cases from VA to CA).

Basically across the board K&L gave me higher estimates for what the wines might fetch at auction. Any thoughts? Is Winebid more conservative? Does K&L do better with new world wines vs WineBid (or all wines)? K&L actually said they start the reserve prices on the low side to encourage bidding. Just taking their “low estimate” (which is above the reserve price) is a good 20-25% higher than WineBid’s reserve.
I've consigned to both of them and ultimately found that Winebid's pickup service was just so much more convenient than having to pack up the wines and pay for the shipping. Since I'm in NYC, cross country shipping was pretty expensive too. I think what I ultimately received from K&L didn't justify the hassle of shipping and given that they don't ship to NY, I didn't have the option to get store credit.
That’s what worries me too... I’m at just over 100 bottles of wine that they want ... so like 10 case boxes. In a non-Covid world, I’d just fly out there with my wife since I get 3 free “bags” per person on Delta and I always end up needing a few mileage runs every year anyways... I guess I’ll have to work out the math of slightly lower commission — 10% vs 15% — and use their low estimate to see if spending that kind of money on shipping will be worth it. Suppose it’s also worth considering waiting till the Fall and shipping 3-day or ground...
Obviously auctions are a total crapshoot so you never know what you are going to get, but another thing that I considered was given how K&L doesn't ship to certain states, someone like me would bid on Winebid, but not on K&L. So even though the commission rate is lower with K&L, I just thought Winebid would ultimately have a bigger pool of bidders.
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Re: Best place to sell a few cases of wine?

#42 Post by R. Frankel » June 11th, 2020, 6:16 pm

My experience with K&L low estimates are just that - low estimates. I’ve sold 15 or so cases over the years through K&L and usually get quite a bit higher than low estimate. It really depends though on how in demand your wine is. If you want to get a feel for sale prices K&L is very open. Check out the link below - you can see how frequently they’ve moved wine like yours and what the actual sale prices have been.

https://www.klwines.com/Auction/Informa ... sList.aspx

I haven’t sold through Winebid, but I have bought a lot from them. Both companies are high quality operations. Seems like Winebid is still a place where one can bottom feed on wines with low demand. Hotter stuff gets bid up a lot though. My SWAG is that for the latter types of wines the two sites would yield similar results.
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Re: Best place to sell a few cases of wine?

#43 Post by Alan Rath » June 11th, 2020, 7:46 pm

Craig G wrote:
October 11th, 2019, 8:11 am
AndyK wrote:
October 11th, 2019, 7:27 am
It may be a felony to ship wine as an individual without proper license and you’ll never be able to work again blahblah
Never work again? Sounds perfect!
Though I think it’s a real plus on one's resume if you run for Congress.
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Re: Best place to sell a few cases of wine?

#44 Post by D Lieberman » June 11th, 2020, 8:03 pm

I have had very good luck with lots as small as a single bottle at Spectrum Wine Auctions. I suggest that you call Dan Rhodes at Spectrum and advise of the specific wines. It’s rare now that an auction at Spectrum doesn’t have something consigned by me. I suffer the same problem as many on this board - wines purchased in my reckless youth a few decades ago are obscenely appreciated in value. With kids in college, can’t really justify pounding down a 25 year old grand cru at pizza nite. My experience with retailers is that the margin they are looking for significantly depresses what actually winds up in your pocket.
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Re: Best place to sell a few cases of wine?

#45 Post by HoosJustinG » June 28th, 2020, 6:58 am

I ended up doing WineBid because of the free pickup kicker. I watched auctions for a few weeks, and it does look like K&L generates more bidding (whereas a lot of WB lots end up selling for a single bid of the reserve price). The significantly lower buyers premium I'm sure helps (though it also explains why their margins are tighter and they don't offer free pickup).

I put in just enough to hit the $10k threshold for free pickup and held a few bottles back (the pricest ones) and may do a K&L consignment in the Fall. By then I can do 3-day air shipping. Sending a single case or two of $300+ wines via 3-day air is a lot more palatable than sending 15 cases by overnight shipping when lots of those wines are in the $30-80 bracket.
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Re: Best place to sell a few cases of wine?

#46 Post by RMann » June 28th, 2020, 7:33 pm

HoosJustinG wrote:
June 28th, 2020, 6:58 am
I ended up doing WineBid because of the free pickup kicker. I watched auctions for a few weeks, and it does look like K&L generates more bidding (whereas a lot of WB lots end up selling for a single bid of the reserve price). The significantly lower buyers premium I'm sure helps (though it also explains why their margins are tighter and they don't offer free pickup).

I put in just enough to hit the $10k threshold for free pickup and held a few bottles back (the pricest ones) and may do a K&L consignment in the Fall. By then I can do 3-day air shipping. Sending a single case or two of $300+ wines via 3-day air is a lot more palatable than sending 15 cases by overnight shipping when lots of those wines are in the $30-80 bracket.
Hi Justin and all- you just put your finger on a very funny behavior of wine sellers. Would you rather list a wine at $80 and see lots of bids up to $90, or list the wine at $95 and see one bid at $95? That's the benefit of 20+ years of data at WineBid- knowing how to price wines for maximum return to the seller, while still offering a fair deal to buyers. Don't be fooled by "bidding action" or low commissions- what matters most is absolute hammer $ and net to you. Feel free to ping me directly for more info. Thanks for your support. Happy tasting and sharing everyone.
Russ Mann, CEO WineBid

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Re: Best place to sell a few cases of wine?

#47 Post by HoosJustinG » June 29th, 2020, 10:35 am

RMann wrote:
June 28th, 2020, 7:33 pm
HoosJustinG wrote:
June 28th, 2020, 6:58 am
I ended up doing WineBid because of the free pickup kicker. I watched auctions for a few weeks, and it does look like K&L generates more bidding (whereas a lot of WB lots end up selling for a single bid of the reserve price). The significantly lower buyers premium I'm sure helps (though it also explains why their margins are tighter and they don't offer free pickup).

I put in just enough to hit the $10k threshold for free pickup and held a few bottles back (the pricest ones) and may do a K&L consignment in the Fall. By then I can do 3-day air shipping. Sending a single case or two of $300+ wines via 3-day air is a lot more palatable than sending 15 cases by overnight shipping when lots of those wines are in the $30-80 bracket.
Hi Justin and all- you just put your finger on a very funny behavior of wine sellers. Would you rather list a wine at $80 and see lots of bids up to $90, or list the wine at $95 and see one bid at $95? That's the benefit of 20+ years of data at WineBid- knowing how to price wines for maximum return to the seller, while still offering a fair deal to buyers. Don't be fooled by "bidding action" or low commissions- what matters most is absolute hammer $ and net to you. Feel free to ping me directly for more info. Thanks for your support. Happy tasting and sharing everyone.
That's definitely a good point. I'm excited to see how the auctions go! I should’ve also been more clear that I hadn’t definitely decided to use K+L for remaining wines — just that I will have more options in the fall. I’ll probably try and compare alike bottles hammer prices before moving forward with the fall consignment somewhere.
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Re: Best place to sell a few cases of wine?

#48 Post by Howard Cooper » June 29th, 2020, 11:24 am

J a y H a c k wrote:
October 11th, 2019, 11:11 am
This thread is complete BS. Just ask at the next Offline and you can probably unload it to the rest of the AFWEs.
Aren't the AFWE wines the ones Jay wants to keep.
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Re: Best place to sell a few cases of wine?

#49 Post by HoosJustinG » July 19th, 2020, 2:50 pm

RMann wrote:
June 28th, 2020, 7:33 pm

Hi Justin and all- you just put your finger on a very funny behavior of wine sellers. Would you rather list a wine at $80 and see lots of bids up to $90, or list the wine at $95 and see one bid at $95? That's the benefit of 20+ years of data at WineBid- knowing how to price wines for maximum return to the seller, while still offering a fair deal to buyers. Don't be fooled by "bidding action" or low commissions- what matters most is absolute hammer $ and net to you. Feel free to ping me directly for more info. Thanks for your support. Happy tasting and sharing everyone.
Are you willing to share what percentage of bids you see mid-week vs in the last few hours (or even minutes) of bidding?

In a live auction format, it’s really much easier to follow the logic of the process ... the wine usually goes for somewhere in the estimate range unless you have 2 or more bidders who really want something and/or have something very difficult to find. Either way, the process plays out live, and nobody has a chance of getting “beaten by the buzzer” because the bidding doesn’t stop until everyone but the high bidder cries uncle.

In the weekly auction format, I’m curious of the logic and wonder if you’d be willing to share. Thanks for being an active participant in a public forum!
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Re: Best place to sell a few cases of wine?

#50 Post by RMann » July 20th, 2020, 11:41 am

Hi Justin, great question. Unfortunately, I have to beg off a detailed public answer on that one, as it is competitive information and it's not lost on me that other auction houses are trying to go online, trying to go weekly and even trying to do Sunday nights earlier than WineBid. Others are now copying us, even down to their email messaging. I guess it's like that old quote, "imitation is the sincerest form of flattery." What I can tell you is that the bidding is well spread throughout the week, with some level of uptick on Sunday night, as one would expect (but maybe not as much as you would think) for auction close. And as I have said publicly before, the best bet to win the items you want is to bid early, and set your max bid at what you'll feel good at, so you don't lose something at the last second. Max bid does not automatically bid that amount, it only bids up if someone bids against you. Hope that helps.
Russ Mann, CEO WineBid

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