Business and Management

How to Find the Value of Vintage Wine

Some consider old wine that is stored in a dusty basement or cellar or wine that is left unattended for a long period of time, to be “vintage”. But that is usually not the case. Wine is classified as vintage based upon the year the grapes used in making wine were harvested.

Some years are known as “good years” for growing grapes, because of the optimal growing conditions prevailing throughout those years. Wines made from grapes of these years are usually a cut above those wines made from grapes harvested in other years. Thus one’s wine collection may be old, but it may not be good at all.

You can also buy wine from the online wine auction.

How can you find the value of vintage wines? You may be able to answer this effectively yourself. If you have some level of proficiency in wine, some free time, and a lower-valued collection, you might find interest in the do-it-yourself method. With just a few hours on the internet, you can find some estimated values that are in the ballpark of the actual value of your collection. With this knowledge, you can then negotiate properly with a potential wine buyer.

You may also receive an estimate from specialized wine retailers or wine auctions located in your area at no cost. Just don’t take these the estimates they provide as fact.

For instance, wine auctions often place exaggerated estimates on collections so that you will sell your wine with them. When the wine sells for less than promised, the auction will get paid, but you will not gain the full value of what you deserve (especially for all the work you have to put into selling wines through auctions).

Wine retailers, on the other hand, may work in the opposite direction. They may understate the value of your collection, especially if they believe that you are not comparing their estimates with those of other retailers. Worst of all, they may present a large initial estimate, only to “reveal” troubles with your wine’s condition after you’ve sent them the collection.

 

Business and Management

Select An Art Piece In An Art Auction

Nowadays, there are many art auction houses available online. However, before attempting to bid for a fine art auction, there are some points you need to take note especially if you are a beginner to art auctions.

If you are new to fine art auctions, you might first decide what it is you like to collect. Is it abstract art, oil-based painting, impression art, etc?

You also might want to read up on the art category that you prefer to buy. Take, for example, you are into abstract art. It would help you in your art and antique auctions if you knew more about abstract art history, the various abstract art movements. The best way to start would be on the internet.

Antiques & Collectables

The other way is to browse the various art magazines, books, periodicals. You could go to your local bookstore, amazon or even the local library. Visit a few fine art auction houses and get a feel for the type of art you are interested in. Art Auction houses will usually provide detailed information on the art piece being auctioned.

How Do I Know The Art Piece I Like Is Real?

Ok, so you finally found an art piece you like. The next question you are probably asking is how do I know it is authentic? Since the value of an art piece is subjective depending on the person looking at it, it would be best if you can afford it to get a professional art appraiser to value the art piece.

For large fine art auction houses, you can be assured that the art piece is already appraised and is authentic. However, if you are looking for an art piece at smaller auction houses or online art auctions, you do need to be extra careful. Particularly so for online art auctions where there are many fake art pieces being auctioned.