How To Sell Your Wine Collection

EAST SETAUKET, N.Y. - Sept. 17, 2024 - PRLog -- Reasons for Selling Your Wine Collection …

- Lifestyle change

- Liquidate for cash

- Wine nearing peak maturity

- Changing wine tastes

Who To Sell Your Wine Collection To …

Auction Houses

Pros:

An auction house will inventory and evaluate your wines and market it to very qualified buyers

Cons: Actual hammer price is not guaranteed, there are also steep seller's commissions and other fees.

The process may take six months to a year depending on the collection and market conditions

Not suited for selling small collections or individual bottles

Hotel or Restaurants

Pros: Restaurants and Hotels are motivated  to offer mature wine on their wine lists. Cash sale, no extra fees.

Cons: Need to find the right restaurant, and the right person responsible for buying wine, generally a Somm, beverage manager or chef.

DIY

IF you have a buyer this is the way to go.

Pros: Cash sale, no extra fees.

Cons: Unless you have a buyer it is very difficult to market fine wine on your own. Most listing services will not list wines from private collections and shipping laws are very restricted. Generally only licensed alcohol sellers can ship wine.

Wine & Spirits Retailer (such as Mora's Fine Wines & Spirits!)

A knowledgeable retailer with a sophisticated customer base can buy directly from a private collector.

Pros: Cash Sale, no extra fees, no shipping costs.

Cons: Few smaller retailers are capable of or offer this service.

Why You Should Sell Your Wine Collection To Mora's Fine Wine & Spirits …

As a trustworthy, accredited wine professional with over 30 years of experience, Mora's is very happy and qualified to help you sell your asset at a good price. Mora's goes the extra mile to make their clients happy. Your collection will be appraised, a fair offer made, and payment issued promptly. Mora's also handles temperature-controlled transportation in the metro New York area.

Please contact Mora's Fine Wine & Spirits via phone or email. Even if you are just thinking about selling, Mora's can provide a no-obligation appraisal of your wines.

Call Richard Mora at 631-941-4458 or email your "cellar list" to rich@moraswines.com

https://www.moraswines.com/how-to-sell-your-wine-collection/