If you are an avid wine collector and a wine enthusiast, you will know the true value of rare and vintage wine. These wines add glamour to your showcase and make you a pride owner of expensive collectibles. It’s the status that comes with these wines that matters, and older the wine, the tastier it is. If you are looking for vintage Australian wine or European wines, the best place to look for is at wine auctions! While looking for white wines can cost your pockets heavily if you look for such wines at local wine stores, bidding for them at a wine auction can be really thrilling.
These wine auctions might be a difficult place to obtain wines, but the thrill associated with it can leverage your experience to greater heights. It is a matter of experience and expertise on how to win wine at a wine auction. The recent heavy spurt in the trend of wine auctions is increasing because people are increasingly associating wine with class, grandeur and it has become a must have at all elegant parties. Wine auction also sees two distinct types – one retail auction, that companies carry out for their profit and the other are fundraising charity auctions, which are usually attended by socialites and businessmen for philanthropy purposes.
Retail auctions are always about getting the best deals. The seller has a reserve price that’s the minimum you need to bid. Also, there’s a closing period after each bid before which the other person needs to place a bid. The one who bids the highest before the designated period seals the deal and becomes the owner of the prized possession. These days, online auctions are really popular. People flock online and keep an eye for deadlines. As soon as the deadline approaches, people start bidding vigorously and the one who has the definite luck to bid at the last moment wins the deal.
Charity wine auction is usually hosted by charity companies, NGOs or socialites who want to raise a lot of money for philanthropy purposes. A benefit of these wine auctions is that those who buy such wines get tax exemption, and owing to the huge amount these wines are auctioned for; the tax benefit is quite significant. All the page three celebrities usually attend these auctions where they can come under the eyes of general public and carve a good image for themselves. The network of wine supplies is quite strong and the best vintage Australian and European wines can be bought at these auctions.
At the internet auction, the wine deals are phenomenal. You can get a wine for dirt cheap prices if you know the right places. You should have an eye for good websites that regularly host such auctions. For starters, it is advisable to visit a couple of these auctions and observe how it takes place. Once you are confident of placing good bids, you should go ahead and start visiting such auctions. Go, enjoy your bidding!