Saturday, December 29, 2012

How To Sell Wine Collection For Bigger Profit

By Marisol Guy


If you are a collector and hobbyist and you need that extra cash for the holidays to enjoy yourself or to take a trip. You can sell wine collection that you have kept for years to get extra cash. It is important that you select the right dealer that will handle the whole transaction for you from start to finish. The process is not just as simple as bringing your items to the market place. There are procedures that have to be done to get the right price and the service you need to dispose of your stocks.

The dealer which will want to sell your stash may not bother with ordinary everyday wine. A comprehensive list has to be initially prepared for submission to the merchant who will handle the sale. You have to include complete information about the bottles which should include the vintage, producer, variety and the quantity. This is needed so that an assessment can be made right away if you have selections worth selling.

Description of the condition should be honest on your part to establish the trust from your side. You have to describe the contents of the bottle and the condition of the cork so there will be a determination if leakage has occurred. Do not mix in damaged or spoiled wine with your stocks to avoid problems with buyers later on.

An appraiser will tell you approximately what your wine is worth in the existing market. Charges on shipping will be to your account and has to be taken into consideration. A few days are needed for the prices to be set and for you to have a clear picture of what your selections are worth.

If you are decided to trade your lot, just inform the provider you want to offer them for sale. Provide other information such as the location of your stash. The appraiser will give you a name of the distributor who will be interested in purchasing your items. The distributor will deal directly with and inform you about how and where to ship the goods.

Be prepared that the buyer will inspect your items carefully and see how accurate your listings are. If there are some discrepancies, the purchaser will contact you and reach an amicable solution on the affected bottles. If no solution has been reached, the damaged bottles will be returned. That is why you should choose people you will deal with.

The buyer will consolidate what the stocks are and will pay you within 30 days after a final discussion with you. You should get a higher price from them instead of dealing straight with the auction house. The auction houses pay after a wait of more than ten weeks. Commissions to the broker will be taken from the sale and the net proceeds sent to you by the distributor.

You should choose the best option for your sell wine collection on how to go about it. A little research and accreditation checking have to be done by you. Choose one that has a track record and is trustworthy at the same time.




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