WineSales

Fine Wine on Super-Sale?

Filed under: Wine

It seems with the decline in the economy came a rise in wine sales but only for bottles less than $35. The finer wines priced between $50 and $125 have struggled. Desperate to clear space for the new vintages that will be harvested and bottled soon, retailers are slashing prices on the good stuff. Which makes this an ideal time to stock-up on or sample the higher-end of the wine spectrum. For example, the 2003 Chateau de Valandraud from Bordeaux currently sells in NYC at Union Square Wines for $80 whereas three years ago it was selling for $250 per bottle. Many retailers are offering these discounts both in-store and online. Don't hesitate -- the sales may only last until the end of the month, before holiday shopping begins, and it's best to have an inside track through email lists. You can even get deals now and save them for holiday gifts!

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Tags: discount wine, DiscountWine, fine wine, FineWine, wine, wine discount, wine sales, WineDiscount, WineSales

Skip the Auction Houses, Take Wine Online

by Tom Johansmeyer (RSS feed) —

Filed under: Wine

Vinfolio Marketplace is set to go live on July 1, 2009, solving a problem with which many wine collectors struggle. This online platform was designed to make it easier for collectors to put their bottles up for sale, creating a more fluid marketplace for this, um, fluid. Founder Aaron DeMello believes it could become the world's primary spot market for wine.

Currently, the wine sales platform has a virtual inventory – thanks to participants – of nearly 12 million bottles, with a value of approximately $2 billion. Most participants are located in North America. The market inventory will be supplied by more than 53,000 private wine cellars.

DeMello's goal is to create a place where buyers and sellers can come together easily to complete their transactions. The ancillary effect, of course, would be the real-time valuation of different wines, as you see in securities and commodities markets.

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Tags: wine, wine auction, wine sale, wine sales, WineAuction, wines, WineSale, WineSales