“How much is your wine worth?” A good question and the answer is usually less than you think it is! However, in some cases, you may have a sought-after brand made in one of the best years and it can be worth much more selling it than drinking it. How can you find out how much is your wine worth?
One way to know is by studying research data bases, results of wine auctions and exchanges, and to put a great amount of time into this field of study. A simpler and more trustworthy way would be to review Wickman’s Fine Wine database of results. Wickman has been buying and selling wine for almost two decades and has achieved million of dollars in turnover for his customers. He has been tracking prices and actual sales results. I sold 500 bottles of wine through Wickman’s Fine Wines so far and have been pleased with the result. However, I had to do a bit of a level set as in some cases I spent more to purchase the wines than I was able to get selling them. But Wickman helped me understand and set the optimal price point to move the wine quickly. I have moved far greater volume through Wickman’s than Langton’s or other wine auction houses or exchanges because Wickman’s knows how much your wine is worth!
Check out Wickman’s data base and also his post on how to get the most from selling wine and the factors that influence wine sales.
And check out my previous post on the various outlets to consider if you want to sell your wine. But to find out how much is your wine worth, Wickman’s post and sales statistics for the major brands is the quickest way to do so.
Steve Shipley, author Wine Sense, available now!
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