Since announcing the upcoming launch of the Vinfolio Marketplace, we’ve received a lot of questions about the types of wine that can be sold, if and how international users can participate, as well as questions about our guarantees on the wine.
Requirements
In short, there are three basic limitations on wine that can be sold through the Marketplace:
- 1970 or later vintage
- Less than or equal to 6-liter bottle size
- Physically located within the United States (to ensure timely completion of the transaction)
For wines that cannot be sold through the Marketplace, we recommend selling your wine through Vinfolio’s buyout auctions. Be aware that after July 1st, we’ll require a minimum $10,000 retail value for buyout auctions. Click here to learn more about buyout auctions and how they differ from the Marketplace.
Option for International Customers
We also have an option for international customers. Wine stored at Vinfolio’s storage facility in the U.S. may be sold through the Marketplace. So if you have wine you want to sell, transfer it to Vinfolio’s storage facility and mark it for sale. You will also earn an extra 5% on sales because wine sold from Vinfolio storage is only charged a 15% fee vs 20% for wine located elsewhere!
Guidelines and Terms
Every bottle sold via the Marketplace is inspected against all
Inspection Guidelines. So before you sell a wine, check it first. Failure to satisfy
any guideline causes the bottle to be rejected, the entire transaction to be cancelled and result in an $8 per bottle cancellation fee. Our guidelines were established to detect signs of bottles with an increased risk of being in unacceptable condition or possessing other attributes which negatively impact value or marketability to a buyer.
Buyers should be aware that all wine is sold "as is" and Vinfolio makes no guarantees on the suitability of a wine to drink. Though Vinfolio inspects each bottle, we can’t guarantee a bottle’s suitability for consumption and it’s the buyer’s decision to bid on a wine that may have passed its useful life (the bid price would presumably reflect that risk). It’s also not possible to determine certain flaws through inspection alone.
Rest assured, we’ll be encouraging bidders with complaints about wine condition to contact our Customer Service Department. Vinfolio will also be actively managing Marketplace activity on both the bidding and selling side to preserve its integrity. We want to create a place where buyers and sellers can participate with confidence.
If you haven’t started marking your wine for sale yet, what are you waiting for? Vinfolio is offering 10 free storage units for every 10 cases of wine you mark for sale through June 30, 2009. Get started.
