Wine auctions are
a good place to find wines that can't be purchased locally. You may want to add to your collection, or find a good investment wine.
If you're new to wine auctions you may simply want to sit back and take a look around.
As with all auctions, wine auctions can be confusing territory for the
novice bidder. Before you begin, do your homework. Find out what
the price of the wine you want should be. (To get an idea of current wine prices at auction, check out Wine Spectator's Auction Price Database).
The best way to get started is by simply attending a wine auction without any intention of making a bid. Read the catalogue that describes what's on auction that afternoon or evening (afternoons are more casual affairs while night auctions are a bit more formal.)
Especially pay attention to the condition reports of each lot. Wines stored in temperature-controlled cellars are often more reliable. (In natural cellars, temperature and humidity levels can swing widely.) You'll also want to look for the reserve bid, or the minimum price that the seller is willing to accept.
Meanwhile, bidder beware -- and watch out for unreasonable
bargains which are usually red flags about the quaity of wine on offer. Also anticipate the hidden costs at any auction -- insurance and shipping fees that may add up to several hundred dollars to your purchase. Again, the more prepared you are going in the better your chances of "bidding low and winning big" at a wine auction.
Finally, don't overlook online wine auctions which serve as culinary Ebays for avid wine enthusiasts.
are serious marketplaces, so act responsibly as a bidder and you
may find a whole new world of wine opened up to you.
More about wine auctions around the Web:
Wine Auctioneers Worldwide - Check out a top directory of the world's wine auctions arranged in a list or browseable by country, including star rated reviews and contact details.
Wine Exchange - Founded in 1820, Acker Merrall & Condit
claims the title of America's Oldest and Finest Wine Shop. The
online auctions serve both novice and experienced wine drinkers
and collectors. The retail shop in New York City sponsors a series
of workshops throughout the year and a wine club subscription