Wine auction

A wine auction is an auction for wine. In particular among collectors and wine merchants are enjoying increasing popularity Wine Auctions to buy rare wines and to sell. Wineries offer their nobler products now often only about wine auctions at.

History

One of the oldest wine auctions, the Hospices de Beaune and is part of the. Over the centuries, many inhabitants of the city have their vineyards bequeathed to the former hospital. In order to finance itself, auctioned the house for over 150 years its wines. Prices received are now seen as an indicator of the quality of the vintage of Burgundy wines. This maximum prices of € 200.00 for a barrel and over 4 million euros per auction can be achieved.

Annual turnover

With an estimated annual turnover of 1 billion euros wine auctions are an important economic factor in the world.

Auction Houses

In addition to major auction houses such as Christie 's and Sotheby's, there are also specialized wine auction houses such as Bonhams, Zachys, The Chicago Wine Company, wine cash and the Munich Wine Company. In addition, more and more online trading platforms like ebay, Winecommune, WineBid auction wines.

The buyer does not even bid on the wines often, but your wish list and budget commission agents with which then bid on the job. The fees of the live auctions are between 15-20 %, the online auction between 8-15 % of the hammer price. The Wine Database Wine Stocks in Zurich monitored most wine auctions wine and forms the prices achieved on their wine price database from. Currently over 26 million auction prices are listed there. The wine win 100 Index reflects the performance of the price of wine for wine auctions.