Prompt and Realistic Wine Valuations
Establishing how much your wine is worth can be a confusing process. Many pricing resources (eg wine-searcher) provide examples of the prices at which dealers are offering wines they have in stock, and this is of course higher than the price at which wine can sold. Bid for Wine provides valuations at current realisable prices and we will always endeavour to respond to enquiries within 2 working days.
In the event you are willing to sell at the prices we recommend, your wines can be included in one of our fortnightly Featured Auctions within a matter of days. Bid for Wine's competitive selling fees, our seller payment terms of 15 days after the auction alongside exposure to Bid for Wine's community of over 20,000 wine lovers ensures you are paid out more quickly and at higher realised prices than with most of our competitors.
Bid for Wine's Marketplace listings and Featured Auctions charge no buyer's premium resulting in higher realised prices than with traditional auctions where buyers can be charged up to 30% in addition to the agreed selling price.
To get start just use our simple valuations and consignment tool below.
Consignment Enquiries & Valuation Request Form
Please use this form to submit details of wines you are considering selling and for which you require a valuation. Lists can also be submitted by email to email@example.com
Frequently Asked Questions
The process is as follows:
1. Send Bid for Wine a list or overview of the wines for sale
Either complete the form at the top of this page or send us a list by email of the types and quantities of wines you are considering selling. If specific details of the wines for sale are unavailable we can arrange for the collection to be inspected and the contents catalogued.
2. Bid for Wine gives estimated prices for your wine and co-ordinates cataloguing & photography
Where complete details of the wines for sale are available we will provide estimated auction values for your wines, whether for self-listing on the Marketplace or inclusion within our curated Featured or Live Auctions. If requested, a fee quote for the photography, cataloguing and shipping of the collection to our warehouse prior to sale can also be given at this stage. Once valuations and quotations have been provided, you can decide to proceed with the sale and if choosing one of our curated auctions, you will be asked to sign a copy of our Consignment Agreement.
3. Wines shipped to warehouse prior to sale or authority given to manage sales of lots already in storage
After the cataloguing and photography (where agreed) of the wines, they will be shipped to our storage account prior to sale. In the event that you instruct your wines to be delivered to our warehouse and subsequently don't proceed with a sale you may become liable for storage and transportation charges.
4. Wines offered for Sale
Bid for Wine offers your wines for sale both on our Web Site as well as in our saleroom for Live Auction offerings.
5. Proceeds of Sale paid to seller and wines delivered to buyer
Once the wines have been sold, Bid for Wine takes payment from the buyer and, on receipt of cleared funds, arranges delivery of their wines. Payment of proceeds is typically made to the seller within 15 days of curated auctions closing.
If any wines are unsold, Bid for Wine will arrange for them to be relisted. If they have been offered at auction, in some cases it may be necessary to adjust reserves and this will be discussed with you.
We pride ourselves on our personal and discrete service when appraising a large cellar or collection and will put together specialist single owner Featured or Live Auctions if appropriate.
We can also help with the appriasal and valuation of complete or partial collections held at the Wine Society and in bonded warehouses.
Scaled cumulative selling fee of
9% (plus VAT) of selling price from £1 to £300; plus
7% (plus VAT) of selling price from £301 to £3,000; plus
5% (plus VAT) of selling price in excess of £3,000
Marketplace listings are subject to a minimum selling fee of £2.50 (plus VAT) which will be due on listing in the event that the listing includes a reserve.
NB Marketplace listings carry no buyer's premium or other buyer charges so bidders pay only what they bid. Typically a traditional auction imposes additional costs own buyers of up to 30% in addition to the agreed price.
Featured Auction selling fees:
A flat 14% (plus VAT) of the selling price is charged on successful sale with a £5 (plus VAT) minimum selling fee. The higher selling fees as compared with Marketplace listings reflect the costs Bid for Wine incurs in managing the sales process for you.
NB Featured Auctions carry no buyer's premium or other buyer charges so bidders pay only what they bid. Typically a traditional auction imposes additional costs own buyers of up to 30% in addition to the agreed price.
Live Auction selling fees:
Selling fees of up to 15% (plus VAT) are negotiated with reference to the size and value of a consignment. Self-evidently, the more valuable a collection may be the lower the selling commission percentage is likely to be.
NB Live Auctions carry a 12.5% (plus VAT) buyers premium as compared with traditional auctions that can charge buyer fees of up to 30% of the selling price.
If a client collection is of a suitable size we will create a featured auction on the Bid For Wine platform. From time to time we will combine multiple collections to create a single featured auction.
Unlike direct (peer to peer) auctions, the start and finish date of a featured auction is set by the Bid For Wine team and the auction is promoted on the upcoming auctions section web site, via email to our satabse of over 20,000 fine wine buyers, on the Barneby's fine auction platform and on the Daily Telegraph Lifestyle web pages.
We typically run no less than two featured wine auctions every month on the Bid For Wine platform with 0% buyers premium ensuring you get the best prices at auction.
We are currenty seeing extremely good prices being realised for both in bond and duty paid Bordeaux at 2eme, 3eme, 4eme, 5eme Cru Classe and quality Crus Bourgeois levels alongside quality St Emilion Grand Crus.
New world wines of quality are fetching strong prices as are vintage Champagnes.
If you would like more advice please don't hesitate to contact us on firstname.lastname@example.org for a no obligation appraisal of your wines.