Selling Cellared Wine

AusGP on 15/05/2018 - 18:45

Quick question that hopefully someone might be able to answer.

My dad has about 2000 bottles of wine but due to health concerns he's wound back on drinking -so only drinking the really good stuff intermittently now.

However there's still stacks of wine in the $10-$20 original purchase price bracket which is amazing given it's cellared for 10 years.

E.g. d'arenberg 2008 Footbolt - delicious now that it's cellared for 10 years.

Is there a way to sell some of his unwanted wine for fair market value rather than auctioning it where the final price he receives is low?

Thanks in advance!

Food & Grocery

Comments

  • oscargamer on 15/05/2018 - 19:13
    +1

    Are you able to list each bottle?

    Not here, but to send out to merchants.

  • [Deactivated] on 15/05/2018 - 19:15
    +1

    Wine depreciates in value - an appreciating wine is a rarity. Also, most wine is meant to be drunk now or cellared only for a couple of years. Those bottles will only fetch single figures today. Given the volume, I’d be looking for a company that can take it off your hands and save you the hassle of selling them individually.

    This is a very good resource

    https://www.wickman.net.au/sell_wine/sell_wine_online.aspx

    Or you could drink it. Responsibly, slowly over time.

    • AusGP on 15/05/2018 - 20:55

      Probably what I will end up doing. Just buy off my dad and distribute to other family members or friends. The wine is perfect to drink now. It's definitely better than the new bottle so I reckon I would easily pay $15-20 for it whereas at auction for that price probably only $11 will reach the pocket.

    • AusGP on 15/05/2018 - 20:59

      Thanks for the guide. I have realised some of the pointers in the guide re: wine price and in future for easy to obtain secondary market bottles will just buy other people's cellared wine. Only reason to buy wine and cellar is if it's not easily obtainable in future for a cellared Vintage

  • Seraphin7 on 15/05/2018 - 19:16

    Not sure what you mean by fair market value vs. an auction price? Surely a well attended auction is the way to establish fair market value?

    • AusGP on 15/05/2018 - 20:56

      Most big auction houses charge significant buyer and seller premiums so all up probably 25-30% of the total costs of the wine (to buyer and seller) ends up in the auction houses pockets.

  • TheMindsetTraveller on 15/05/2018 - 21:08

    Most wines in the sub $50 range will not rise much in value unfortunately …

    What I would do is select the best/top 10% of wines in the cellar and try to sell them via an online auction house.

    That said, the major factor will be how your father has cellared the wines over the last ten years. For example, placing them under the house does not count and will be a negative when it comes to selling the wine. If one is keeping wines, then cellaring the wines properly such as a temperature/humidity controlled room will be idea. A wine fridge might be acceptable as well, however in a regular fridge - that is a negative, like just under the house.

    Good luck though.

  • AusGP on 15/05/2018 - 21:44

    Thanks. He has a proper cellar with proper door/insulation/temp and humidity control.

    Unfortunately the top 10% of his wines are the ones he would drink haha!

  • chrisd262 on 15/05/2018 - 22:28

    I am in a similar situation. I am not allowed to sell without a liquor licence.
    I can however send to an Auction House.

    I can give it away to friends etc

  • oz-stef on 15/05/2018 - 23:08

    Give https://www.langtons.com.au/ a call or email, I've no idea what the commission is they'd take, but I'd expect using them would bring you top-dollar for what you wanted to sell IMHO.

  • TimOfEastBNE on 18/05/2018 - 14:47
    +1

    What city is the wine located in, maybe some OzBargainers would be interested in a garage sale, needs to be on the DL due to liquor licencing laws though

  • Spicket on 27/05/2018 - 20:21

    Sell the lot to another collector. I've heard of this being done.

    • AusGP on 01/06/2018 - 13:35

      Is there somewhere this can be done? Wouldn't I need an alcohol licence?

      • Spicket on 06/06/2018 - 14:10

        You just have to know a collector, be prepared to take a fair discount to the table.
        As far as requiring a liquor licence - it's a deal between mates isn't it? ? ?

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