Kevin
My point of view, many collectors look at retail and then ask for that or a bit below that.
Wholesalers, retailers, trading co’s, we look at the auction market, after all , you have a ‘used’
bottle with all of the questions of storage, history, etc… and we work backwards from that point.
Plus, we do this to make a profit- let’s just say low retail is $2,700 on the 2013,
I’m mentioning that number without looking, merely as an example.
We are not selling at $2,700. We will be selling to our clients lower than that.
$2,400 or so. So we will be looking to pay below the $2,400.
follow the auctions, look at retail, and then look at auctions,
this is an auction that closed today,
Thank you for tracking K&L Wine Auctions. The auction has ended on the following lot:
2015 Screaming Eagle Napa Valley Cabernet Sauvignon (OWC)
Winning Bid: $6,940.00
compare that to retail, and then think about what trading co’s are looking to pay.
Just a clarification, we follow the auction market, as well as prices at LIV-EX, as well as feedback from the international market.
These wines trade as commodities, and are subject to market swings.
I note that this post has prices from the end of April, now at the end of May I noticed my staff utilized auction prices from ALL OF the auctions for offers we rec’d this past week.
And my understanding is my staff was paying 10 & 20% above the auction price this past week.
Thanks
Wg