Sell wine collection and make a pile of cash, screamed one magazine advertisement. While a lot of cellar owners simply build a collection for their own enjoyment, a number of factors may force them to get rid of either part or all of what is in their cellars. The most obvious is where the store is packed to its proverbial gills, and there is no space for new bottles.
People change; hair color slowly turns a shade of gray, teeth weaken and fall off, and the skin wrinkles. There are those who got married with great fanfare, only to declare they have fallen out of love after several years and get a divorce. Someone's love for one type of rum may change, or they may decide to pursue a totally different hobby. Either way, their entire collection will be up for sale.
To get maximum value for it, there are a number of things the now former oenophile should do. One is to avoid being in a hurry whenever possible; Rome was not built in a day, nor can one get rid of a lifetime's varieties in a few hours. Time is needed to do some research on both the product being sold, and the different types of buyers available.
The collections value is determined by its completeness and rarity. Its extremely hard to get someone interested in a single bottle, but a whole case is a different matter. Liquors from certain locations tend to be more valuable than others. For instance, a Bordeaux is far more expensive than a Rhone. The older a collection is, the more cash it will attract. However, this is only if it is in good condition.
If the drink is from a single vineyard, it will attract a higher price; the same thing will happen if there are very few cases. It is important to conduct thorough research to find the current state of prices. The liquor market tends to be opaque, and there can be huge differences from one buyer to another. Online searches can be done for specific liquors.
The condition of the merchandise really matters; cracked bottles, improperly fitting caps and spill stains on the bottle may be a sign that the contents have been exposed to the environment, and they are possibly in poor condition. Potential buyers will also want to know the size and design of the bottles, and how much liquor they are carrying. The seller's location also matters; downtown Manhattan is a far cry from a cabin on the slopes of Mount Kenya, and obviously more work will be needed to convince buyers the further away they are.
There are many ways of selling. One way is to arrange an online bidding session. Another way would be to approach a wine seller and try to get the best deal one can. Big auction houses are also willing to be involved, though their fees can go as high as twenty percent per sale. They are, however, likely to attract clients who can pay more per bottle or case, so their high fees are justified.
Selling through auctioneers is also recommended, especially if the liquor is highly exceptional. This may bring in significantly more than other methods. The main disadvantage of this approach is that it can take long, particularly if very few people are interested. As the advertiser put it, sell wine collection and join the millionaires club; however, this may take longer than anticipated.
People change; hair color slowly turns a shade of gray, teeth weaken and fall off, and the skin wrinkles. There are those who got married with great fanfare, only to declare they have fallen out of love after several years and get a divorce. Someone's love for one type of rum may change, or they may decide to pursue a totally different hobby. Either way, their entire collection will be up for sale.
To get maximum value for it, there are a number of things the now former oenophile should do. One is to avoid being in a hurry whenever possible; Rome was not built in a day, nor can one get rid of a lifetime's varieties in a few hours. Time is needed to do some research on both the product being sold, and the different types of buyers available.
The collections value is determined by its completeness and rarity. Its extremely hard to get someone interested in a single bottle, but a whole case is a different matter. Liquors from certain locations tend to be more valuable than others. For instance, a Bordeaux is far more expensive than a Rhone. The older a collection is, the more cash it will attract. However, this is only if it is in good condition.
If the drink is from a single vineyard, it will attract a higher price; the same thing will happen if there are very few cases. It is important to conduct thorough research to find the current state of prices. The liquor market tends to be opaque, and there can be huge differences from one buyer to another. Online searches can be done for specific liquors.
The condition of the merchandise really matters; cracked bottles, improperly fitting caps and spill stains on the bottle may be a sign that the contents have been exposed to the environment, and they are possibly in poor condition. Potential buyers will also want to know the size and design of the bottles, and how much liquor they are carrying. The seller's location also matters; downtown Manhattan is a far cry from a cabin on the slopes of Mount Kenya, and obviously more work will be needed to convince buyers the further away they are.
There are many ways of selling. One way is to arrange an online bidding session. Another way would be to approach a wine seller and try to get the best deal one can. Big auction houses are also willing to be involved, though their fees can go as high as twenty percent per sale. They are, however, likely to attract clients who can pay more per bottle or case, so their high fees are justified.
Selling through auctioneers is also recommended, especially if the liquor is highly exceptional. This may bring in significantly more than other methods. The main disadvantage of this approach is that it can take long, particularly if very few people are interested. As the advertiser put it, sell wine collection and join the millionaires club; however, this may take longer than anticipated.