Archive for August, 2012

Minimum Commission Charges on Consigned Lots

Posted in Advice, Auction help and tips, News, Site improvements and modifications on August 6, 2012 by AB

When we founded Bid for Wine in 2008, one of our key objectives was to provide a route to market for small parcels of old, rare or unusual wines which might not otherwise be available. Since then we’ve counted Soviet-era Moldovian wine, 1960s Pouilly Fuisse and 1880s claret amongst the items consigned to us for sale. Whilst our customers appreciate having the opportunity to purchase these wines, we often hear the comment that such lots are too small to make it cost effective to pay for shipping. From an operational point of view they present a challenge too as, once warehouse charges, time and administrative overheads are taken in to account they regularly cost us substantially more to sell than we actually take in commission.

From 1st September 2012 we will be introducing a minimum charge of £12+VAT on all lots consigned for sale to reflect the true costs involved in our offering these wines for sale. We expect that this will either encourage consignors to parcel up wines for sale rather than drip-feeding them in over a period of time or that where sellers are using Bid for Wine to thin their cellar we will see an increase in multiple bottle lots rather than single bottles. From a buyer’s point of view we hope this will give you access to more of the wines you want and in larger quantities.

Finally we should add that this change will not affect lots sold via the ‘direct’ listing route – only lots which are consigned for sale. We would however note that the point regarding the disproportionately high cost of shipping does apply to ‘direct’ listings. As such you are likely to find that your wines fetch a better price when offered in lots larger than just a single bottle.

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