How to buy fine wines in auction
Buying great wines and spirits in an auction is easy, you can participate in person, by phone, or online on Finarte's platform.
27 June 2020
Foto di Bruno Cantuária da Pexels
Buying great wines and spirits in an auction is easy, you can participate in person, by phone, or online on Finarte’s platform. Register online to place your bids both before and during the auction. On the day of the sale, you will be able to join the live stream and place real-time bids through the platform. Once the auction finishes, Finarte will provide you with all the necessary information on how to complete the purchase and request a shipping quote.
After this introduction, we thought to answer some questions on how to participate to a wine auction.
How to navigate the catalogue of a wine auction and make the right choices
First of all, you need to identify your goals:
A. do you want to invest by purchasing wines to resell after a while?
B. do you want to enrich your collection?
C. do you want to buy good bottles of your favourite wines to drink immediately or to keep in your cellar waiting for the perfect occasion?
How to buy wines at auction as an investment
As first, you have to define your budget, risk balance and return time. The second step is to analyze the catalogue to identify the lots that meet your objectives. The list is available online, and it is organized by type of wine and spirit.
Well-known wines allow faster and more predictable future returns. Lesser-known wines – but still relatively frequently offered at auctions – can provide more significant gains, with an even more exceptional vintage effect.
Once you have identified the lots, it is possible to bid before the auction. Finarte’s online platform collects bids weeks before the sale and shows, for each lot, the current highest bid.
How to enrich your collection
The in-depth analysis of the catalogue allows you to identify the most exciting lots to add to your collection. It is easy to do it online, where search tools are available to filter and select the lots corresponding to your criteria. The photo of each bottle and the detailed specifications provide you with an idea of its conservation status. Once you have identified the lots, Finarte’s platform allows you to bid before the auction. Moreover, you can always check how your bids are positioned and eventually raise them to the higher offer.
How to buy great bottles ready to give their best
The auction catalogues are authentic mines of rare wines and spirits, bottles ready to let you enjoy their quality at the best moment possible – various vintages of wines, sometimes very old, able to give you extraordinary sensations.
When interested in vintage wines, it is essential to check the state of conservation by looking at the photos and the specifications in the catalogue. If you need more in-depth insight, Finarte’s experts are always available to provide you with a specific condition report on individual lots. The critical aspects to consider are the level of filling of the bottle, the conditions of the capsule, the colour of the wine, the presence of suspended parts, and the preservation of the labels.
The evaluation must adequately correlate these characteristics to the age of the bottle.