Last year, at the height of Bordeaux auction hysteria, WineBid.com made a market for nineteen bottles of my classic wines laying in the cellar untouched for too many years. It connected buyers, seemingly Hong Kong brokers, with wines I originally paid $50-$75 at exaggerated price points representing handsome profits. Two summers ago, I chronicled that WineBid sale […]
Hong Kong and Global Wine Market
A new study, albeit based on 2010 data, was just released by Vinexpo awarding Hong Kong residents top spot on the Asian continent for per capita wine consumption. The Wall Street Journal, reporting on the study last week, said the average Hong Kong consumer drank 6.3 bottles in 2010, about twice as much volume as Japan […]
WineBid.com: Reliable Platform for Buying and Selling Wine
If my first WineBid auction experiment stirred your curiosity, then you will be interested to know the sale closed out successfully with 18 of my 19 consigned bottles selling at, or slightly above, reserve pricing. Only one bottle remains unsold. As suspected, a large slice of bidders and buyers came from Hong Kong and around Asia. As you will […]
WineBid Auction Kickoff: Guilt Turns Impatient
The wines I put up for sale with WineBid have been away from home for 13 days, so it’s fair time for an update. I am finally at peace with the decision now that I’ve beaten back the guilt and fully digested the possibility of never seeing those bottles again. That’s the point, I guess; […]
The Guilt in Selling Fine Wine
I am in the process of selling wine for the first time; not a lot, just some. But as a novice seller I am unsure whether I am going about this in the right way, or even if I should be selling any wine at all. Besides that tidy basket of anxiety, it’s terribly emotional […]