With the launch of the Vinfolio Marketplace just days away, it’s a good time to talk about wine location and why it matters for both buyers and sellers.
For sellers, one of the best things about the Marketplace is that you can just leave your wine in its current location until it sells for the price you want. However, there are some clear benefits to moving wine that you intend to sell in the Marketplace to Vinfolio storage first:
- Pay lower transaction fees. Wine sold from Vinfolio storage is charged a 15% transaction fee vs. 20% for other locations. You will incur storage fees but these are likely modest in comparison to the 5% savings.
- Generate more demand from buyers – Wine sold from storage is fulfilled to buyers within one week compared to up to four weeks from other locations. Additionally, bidders can choose to bid only for wine in Vinfolio storage.
- Eliminate post bid acceptance process – Don’t worry about shipping or packaging sold wine within the two week deadline. After you accept the bid, Vinfolio does the rest of the work for you. Assuming your wine passes our Inspection Guidelines, you just wait for the check.
- Ship more cost effectively and conveniently – As any wine you sell must be sent to Vinfolio for inspection to complete the transaction, you know you’ll need to ship it at some point. You can often reduce your total shipping costs by consolidating and shipping all of the wine you expect to sell together. For example, if you had at least 30 cases to sell, it is generally more cost effective (and safer for the wine) to use a freight forwarder’s temperature-controlled truck (which Vinfolio can help arrange). You might also just find dealing with all shipping matters at one time more convenient.
- Coming soon: For wine that is stored in Vinfolio storage , you'll be able to establish an "auto accept" rule to get first crack at bids over your private, minimum price threshold.
Click here to learn about Vinfolio’s full-service storage and how to get started.
