Wine by auction refers to the selling of alcoholic beverages, such as wine, at auction. Wine auctions can be categorized into two basic types: first hand auctions, which are usually conducted by wineries, and second hand auctions, which are generally arranged by auction houses and other auctioneers.
If you’re planning to attend a wine auction, there are several things you should know. First, many auctions will feature a catalog listing the different lots for sale. This catalog will contain notes on each lot, including information about the condition of the bottles and the packaging. The catalog can also contain tasting notes.
If you’re planning to attend a wine auction, you should make sure to carefully inspect the wines being sold. Be sure to ask about the condition of the wines and whether they have been properly transported. You should also be wary of any auction outlet that withholds essential information. It’s also a good idea to ask questions about the auction process and the wines on sale.
When purchasing wine at auction, lots vary in size from one to twelve bottles. You can choose to purchase the entire lot or only some of the bottles. Often, the prices for mixed lots are lower than the actual value of each bottle, as some of the wines in a lot are not as desirable as others.
The best way to buy collectible wines is through auctions. They’re usually less expensive than retail prices, and you can find more rare wines than you’d ever find at retail. A good wine auction guide is also available online, and you can use it to navigate the process. It will help you define your goals and objectives and make a more informed decision.
Wine by auctions are an excellent way to buy expensive wines, but it’s important to remember that there are always risks associated with buying wine. It’s important to take the time to read reviews and be an active participant. While buying wine at auction, be sure to pick a reputable auction house. Then, you can enjoy the process.
Hong Kong wine auctions began in 2008 and have grown to larger scale than sales in Europe or North America. The fall months are prime for these sales. Fortified wines are popular and sell well. Classic Australian wines often do better in domestic auctions. For the holidays, people stock up on sweet wines. It’s also important to note that super cult wines often do better at international auctions than in domestic ones.
Organizing a wine auction is a lot of fun and profitable. Just remember to follow the tips below to ensure a successful wine auction. Remember, your guests’ enjoyment will be the most important part of the entire event.