Wednesday, November 28, 2012

Tips To Sell Wine Collection

By Ethel Harris


Preparing to sell wine collection involves several considerations. As the seller, you will have to make sure that the items you have are properly valued. Then, you will need to find buyers for the merchandise. These are some of the basics in conducting this particular transaction.

If you do not want to undervalue the valuable items, it can be beneficial to hire an appraiser. There will be a fee of course but getting an estimate from an third party expert can help you in the auction process. This helps to set the right expectations once you put up the merchandise for sale.

These experts will usually based their estimate on the quality of the product and how it has been stored. They will want to determine the quality of its contents and make sure that these have not been damaged in any way. You will find that it is easier to market a number of these items rather than selling one bottle.

If you do not want to hire a professional, auction houses and retailers usually offer appraisals without any additional charges. This will help you keep the costs down and lessen the people you need to meet. Be aware though that auction houses may increase the value of the estimate to persuade customers to put up the merchandise. Dealers may also give you a low estimate so that they can raise the profit.

Given that the items you have are not that expensive, you can always research on your own and do the appraising yourself. Your background and online resources can help you put a price on the products you have. These will probably be not as accurate but it will help you get a good price for the items.

Find out if there are any additional fees from the transaction. It is also important that you clarify when you will be getting your payment and in what form. Some companies will only pay after they were able to sell the items but others will immediately provide payment upon receipt. The rates will usually be dependent on the market.

Check what transport arrangements need to be made. Find out if the company will offer you assistance with regards to transport and if you have to pay any fees for this service. Additionally, it can be prudent to make sure that the items are insured for transporting.

As you go from retailer to retailer, you will probably encounter good and bad offers. Some will offer a low price while others may have costly fees. To shorten the process, ask around first, especially from fellow collectors, about their experiences with selling and dealers. They can point you to reputable dealers.

There are already many dealers who have expanded their businesses online. You can find auction sites online where users can exchange goods or ask for assistance in finding a buyer for his merchandise. Consider this option if you cannot find a good retailer to sell wine collection.




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