Archive for May, 2010

Another article on Bid for Wine

Posted in Uncategorized on May 27, 2010 by AB

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Forthcoming Sales & Some Strong Auction Results

Posted in Auction help and tips, News, Site improvements and modifications on May 25, 2010 by AB

Forthcoming Sales

We’re pleased to announce a significant change in strategy for Bid for Wine with the launch of a series of regular large sales. The first, a sale of top end Burgundy including multiple vintages of Ponsot Clos de La Roche, Rousseau Chambertin & wines from Comtes de Vogue commenced on Friday 21st May. Auctions will be closing from 9AM onwards on 28th May.

The new approach will build on our consignment service run from EHD London in Weybridge. This is a full auction service including valuation, photography and collection of wines prior to sale. Until now, when wines were consigned to us for sale, they were normally listed and put up for sale immediately in amongst our standard ‘peer to peer’ auctions. Whilst this works perfectly for odd bottles, increasingly we’re being asked to handle large collections by consignment which requires a different approach. For example the client normally doesn’t want any direct involvement in the sale and the wines need to be visible for longer than simply just the 7 days of a sale.

Going forward we’re going to be focussing on doing larger sales of consigned lots every few weeks. Potential bidders will be able to browse lots for several weeks prior to the sale, either via downloadable catalogues or on the site whilst sellers will benefit from having their wines advertised via routes such as The Saleroom.

Lots in the Burgundy sale can be viewed here.

Results

We have been seeing some very strong results at auction recently with lots often selling close to or above their retail/list prices. Two examples are:

1 x 75cl Chateau d’Yquem 1990 – Sold for £246 (Wine-Searcher £225)

12 x 75cl Mouton Rothschild 2003 – Sold for £3050 (Wine-Searcher £3100)

If you are interested in having your wines valued, why not send us a list (see here) or give us a call on 0207 183 3985?

Other News
If you’re only interested in wines which are sold on consignment or are listed with no reserve price, you can now find them quickly and easily via the facetted navigation on the left of the auction page.