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Wine Cellar Inspirations: Tips In Selling Your Wine Collection

November 10th, 2021

Planning in selling your wine collection? The top advice any wine expert will give is “Don’t be hasty!” The process involves more than knowing how much your bottles are worth. There are other factors to consider so you can sell it your bottles in the best way possible. We’ll help you out by outlining the steps you can use once you’ve made up your mind to sell your collection:

Tips in selling your wine collection

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Check the market for the best time to sell

So the very first thing we recommend is to check the wine market. There are wines that better during certain times of the year. Wines like Rosé and White Burgundy sell most often in the late spring and early summer. Champagne, on the other hand, usually sells best during the late fall and early winter. You should be extra careful if you plan to sell during the hottest or coldest months of the year. Note that wine is difficult to ship under poor weather conditions. This equals to an increase in shipping costs.

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Do a thorough inventory of your collection 

When selling wine, timing is super important. This is why you have to do a thorough inventory of your collection. Wines that are approaching maturity should be considered first. You’ll need to decide on the best time to sell them. Check labels that are considered “hot” on the market. These will be easier to dispose. Set aside labels that are considered “rare”. Research the market so you’ll be aware of fair price points for these bottles. You don’t want to just sell them on a whim and get shortchanged in the process.

Select the best selling platform

Now you’re all ready to sell your collection. The last step is to choose the best selling platform. Will it be in person? Or should you do it online? Find out how to sell to specific buyers looking for niche vintages. There are pros and cons to every platform. So study them carefully to find out which one works best for your needs. Some are okay with “DIY sales” wherein they do everything themselves. They have full control over the selling process. This means low selling fees which is great. However, if you are inexperienced, you might end up getting shortchanged. You’ll also likely need to pay a wine seller’s license. ^_^