How To Sell A Single Bottle Of Wine

Whether you've just inherited an unabridged cellar's worth of fine Bordeaux from a grandparent, or y'all're a budding vino investor wondering what to practice with your start few bottles, selling vino from home is the nigh convenient way to profit from a wine collection. Nevertheless, selling wine isn't every bit easy as throwing a few photos up on an auction website and shipping the bottle off in a paper-thin box to the highest bidder. There are strict laws governing who is and isn't allowed to sell vino online , and nearly of the time, the average investor isn't legally allowed to do and then.

But, that doesn't mean it'southward impossible to sell wine from home. At that place are user-friendly (and legal) options for vino investors looking to profit from their bottles. In this guide, yous'll learn the simplest and most reliable way to sell wine from home and then you lot can get-go seeing a return on your investment.

Tin can You Legally Sell Vino From Dwelling house?

The legality of selling wine online varies from country to land, just the most of import thing for investors to know is that all states ban the sale of wine by unlicensed consumers. Unless yous purchase and maintain a liquor license from your state of residence, yous cannot legally sell wine from home on your own.

However, getting a liquor license is not going to solve wine investors' problems. For 1 thing, the process can be plush and time-consuming. Another hurdle is that some states strictly control who can get licensed. These licenses are primarily designed for wineries, grocery stores, wine shops, or other retailers to sell wine to consumers on a mass scale. They're not typically meant for someone who inherits a few dozen bottles from a relative or who wants to sell a pristine case of 2018 Château Montrose after it ships from the winery.

Sellers who ignore these strict laws could face hefty fines or worse, depending on the jurisdiction. Selling just one bottle of wine on an auction website without a license is a potential legal land mine. Most postal carriers are also trained to look for illegal wine shipments that aren't properly licensed or labeled. It's simply non worth the run a risk.

This is why most investors opt to sell vino from home legally using a licensed reseller. These resellers take already gone through the procedure of acquiring the necessary licenses. They will sell your wine for you in exchange for a pocket-size fee or percentage of the auction. It'due south the safest, most reliable, and only legal way to sell vino from home.

And so, if you have a few bottles you're ready to sell right now, here's how to do so using a licensed reseller.

The Best Way To Sell Wine from Home

Every reseller has slightly dissimilar rules and processes to sell wine from home. In general, here's how the process works from start to end:

1. Ship to the reseller: You lot send your wine to the reseller for inspection and processing. The best resellers offering shipping services to make this process seamless. You can even insure the bottles to protect your investments en route to the reseller. This is an especially useful pick for new investors or people who accept inherited wine and haven't shipped fragile bottles before.
2. The reseller inspects the wine: Equally a seller, it benefits you to have a reseller carefully inspect your bottles before auctioning them off. That'due south because experienced wine collectors are ofttimes but willing to pay acme dollar for wines they know are authentic and in good condition. The best resellers take a reputation for selling just the finest wines, so they concenter some of the industry's top buyers (which may mean a higher return on your investment). Some of the qualities the best resellers expect for in the wine include:
   • The ullage (make full level) of the wine inside the bottle
   • The condition of the wine characterization
   • Whether the characterization looks authentic
   • The condition of the cork and capsule
   • The wine's coloration
3. The reseller prices the vino: Experts on staff appraise the wine based on its condition, electric current market place demand, professional reviews for that vintage, and proprietary data trends. These experts know exactly how much your bottles are worth, which may help you sell wine from domicile at the highest possible price. Or, you may decide on the price yourself, based on your own enquiry.
4. The wine is uploaded to the marketplace: Experts may accept professional photographs of the wine. In addition, they'll oft include a detailed description of the vino alongside critic reviews and average scores. From hither, buyers can hands observe the wine on the website. Experts may even recommend your bottles to specific buyers they know who are interested in that vintage or producer.
5. The reseller handles bids and payments: All bids and payment processes go through the reseller'due south website. The wine remains in the reseller's secure storage warehouse until information technology's sold.
6. The reseller ships the wine to the buyer: In one case your wine has sold, the reseller handles all of the shipping details. Yous then receive your share of the sale.

Although your wine is being sold by a third-party reseller, in practice, it feels similar selling wine from dwelling house. In fact, it's even easier. You don't have to worry nigh taking photographs, looking upwards prices, negotiating with buyers, or shipping the wine safely beyond the land. Information technology'southward a convenient way to turn a profit from your wine collection in as few steps equally possible.

How To Find a Market for Your Wine

Finding the best reseller for your needs is an important footstep if you want to sell vino from home. There are two central questions to ask before you decide who to work with:

1. What is the reseller's attain? They should have a stellar reputation in the fine wine industry. Resellers that are invited to sectional tasting events (like Bordeaux en primeur week ) unremarkably fall under this category. The reseller should also accept years of experience selling wine and an expansive audience of buyers–for instance, Vinfolio has a base of more thirty,000 direct wine collector contacts. The more reach a seller has, and the greater the reputation, the better.
2. What does the reseller charge for its services? While Vinfolio offers its everyman charge per unit of 15 percent, 20-23 percent is more mutual for white-glove service.

There are three specific options if yous want to sell wine from habitation:

• Self-Service: You lot take total control over which wines in your drove y'all choose to sell and when. You don't accept to sell a specific number of bottles and you can get out the bottles up for sale as long as you'd like. When using Vinfolio, any vino that you take stored in our warehouse can be sold immediately with simply the click of a button on the VinCellar app . Wines not currently in the warehouse can also exist shipped to Vinfolio and put on the market place after arrival. With equally low every bit a 15 percent fee, this is a cost-effective and flexible option for investors.

• Consignment: This is the best choice if you lot desire to manage as piddling of the process equally possible or if yous're trying to liquidate a large drove . With this option, everything is handled for you, including the pricing. You besides have admission to special marketing channels connected to serious wine enthusiasts looking to buy your vino. Vinfolio'due south experts can also work with you lot to ensure your wine sells at a specific pace.
• Full Cellar Acquisition: If y'all've inherited a full cellar of fine vino from someone or you're simply ready to liquidate your entire collection at once, Vinfolio offers buyout services. This is an ideal choice for those who take large collections of in-demand wines like cult California producers , Showtime Growth Bordeaux, and M Cru Burgundy . After appraising your wine, Vinfolio volition so purchase the entire drove upfront. This is one of the fastest ways to sell vino from domicile in a single pace.

Even if you know side by side to null about fine wine, these services are designed to make the sales process equally straightforward equally possible. Anyone can sell wine from dwelling house legally with the right resources, and this is a great fashion to swoop into the exciting world of wine investing.

Whether you inherited a full cellar or are looking to resell a few bottles, Vinfolio is your partner in selling wine. Contact us today to go admission to the world's finest wine market.

Author: Vinfolio Staff

At Vinfolio, we help our clients buy, sell, store, and manage their most treasured bottles of vino. But in our spare fourth dimension, we're only a grouping of passionate and slightly obsessed oenophiles--we beloved sharing a bang-up glass of vintage Champagne, followed by a Burgundy, and then a Bordeaux, to become things started. We're always obsessing over the latest (and oldest) vintages, and we want to share that cognition and passion with our readers.

Source: https://blog.vinfolio.com/2022/08/26/how-to-sell-wine-from-home-legally-and-at-a-profit/

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