Fixed-price Auction Process
Vinfolio offers a simple and profitable way to sell your wine via a fixed-price auction lasting up to either 90 or 180 days. Upon evaluation of your wine, Vinfolio may also offer a shorter-term fixed-price auction with a sale guarantee. All of our fixed-price auctions are conducted as buyout auctions.
To get started, simply send us the list of wines you'd like to sell.
(over 3-6 months) without sale guarantee
How it works:
- Submit a list of wines to be sold
- Vinfolio provides an itemized price quote on eligible wine
- Approve price quote, in whole or in part, choose from a 90 day or 180 day auction period, and return signed contract
- Transfer wine to Vinfolio for inspection and storage
- Receive payments on sold wine within 5 business days from the 1st and 15th of the month
- If 90% of the wine is sold prior to the expiration of the contract, Vinfolio will buy the remaining wine outright
- If less than 90% remains at the end of the contract, opt to have unsold wine returned to you or extend your contract for Vinfolio to continue to sell for a further 90 days at mutually agreed discounted prices
(up to 3 days) with sale guarantee
How it works:
- Submit a list of wines to be sold
- Vinfolio provides an itemized price quote on eligible wine on which it is prepared to provide a sale guarantee by purchasing items if buyout auction fails
- Approve price quote, choose 1-3 day auction period, and return signed contract
- Transfer wine to Vinfolio for inspection and storage
- Vinfolio issues payment within 2 days after auction period ends
Fees
Vinfolio's fees are determined on a sliding scale based on the total value of your collection and average 20% for long-term fixed-price auctions. Short-term fixed-price auction fees are higher due to the “sale guarantee” included in the contract but are negotiated based on the desirability of the wine and other terms. Fees include storage and insurance of your wine during the fixed-price period. Seller is responsible for all shipping and other transit-related expenses.

