Have wine auction lots become much more scarce....?

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Re: Have wine auction lots become much more scarce....?

#251 Post by Victor Hong »

Ken Leiter wrote: November 14th, 2021, 7:12 pm 3 bottles of 2010 Cepparello for 220 each before BP

https://www.winebid.com/BuyWine/Item/79 ... Cepparello
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Re: Have wine auction lots become much more scarce....?

#252 Post by Victor Hong »

https://www.winebid.com/BuyWine/Item/80 ... -Sauvignon

Beringer Knights Valley Cabernet Sauvignon 1991, $130 current bid.
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Re: Have wine auction lots become much more scarce....?

#253 Post by Dale Bowers »

The current HDH action I went 0 for 5 first day after making what I felt was more than competitive bids.
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Re: Have wine auction lots become much more scarce....?

#254 Post by Marcu$ Stanley »

Dale Bowers wrote: January 13th, 2022, 6:39 pm The current HDH action I went 0 for 5 first day after making what I felt was more than competitive bids.
Well that’s HDH for you. With rare exceptions unless you bid the top of the quoted range or higher you won’t win

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Re: Have wine auction lots become much more scarce....?

#255 Post by Mark Golodetz »

I put in one bid: 50% above high estimate and lost.
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Re: Have wine auction lots become much more scarce....?

#256 Post by etomasi »

HDH keeps their estimates low anyways. Combine that with the current frenzy at auctions make it difficult. It was amusing that even the auctioneers were commenting how crazy things are. I won two at the HDH live auction today but I went hard because one wine needed good provenance and the other lot had wines that are hard or annoying to find at retail. No, I didnt get a great price, but the zero DE tax and picking up in person makes it a little better. It also helps to do it live, you can find bargains, but jeez... todays auction was 10 hours! Not sure I'll bid on anything tomorrow.
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Re: Have wine auction lots become much more scarce....?

#257 Post by Pat Martin »

I won a case of 2005 Magdelaine at HDH! My first ever HDH Auction score. 20% over the top estimate, I think.

Do they show how many bids the lot received somewhere? I don’t see that on the webpage.

Also, is shipping a hassle there?
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Re: Have wine auction lots become much more scarce....?

#258 Post by Nathan V. »

Pat Martin wrote: January 13th, 2022, 8:08 pm I won a case of 2005 Magdelaine at HDH! My first ever HDH Auction score. 20% over the top estimate, I think.

Do they show how many bids the lot received somewhere? I don’t see that on the webpage.

Also, is shipping a hassle there?
Good job, that's an excellent wine.

They don't show the number of bids AFAIK. My strategy is that I place my bid and walk away so I don't get lulled into a false sense that I need to have any particular lot (I don't).

They no longer ship but will put you in touch with third party shippers that pick up your winnings and arrange packing and shipment. It gets around some legal issues (they can't ship in DE). It was a little clunky, but worked well. It was expensive, I paid about $100/cs from DE to NC, but I factor that into my bidding now.

I missed on two early lots yesterday and gave up. I wouldn't have won any of the other lots I was looking at. My price was at about 75-80% of the high estimate and that wasn't nearly enough.

Whoever grabbed the Roagna Pira 2013 at $950 got a nice deal.
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Re: Have wine auction lots become much more scarce....?

#259 Post by Pat Martin »

Thanks, Nathan. Crazy shipping costs!

I assume with HDH that if no bottle conditions of any kind are mentioned then that lot is “pristine”?
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Re: Have wine auction lots become much more scarce....?

#260 Post by Alex Valdes »

Nathan V. wrote: January 14th, 2022, 5:36 am
Pat Martin wrote: January 13th, 2022, 8:08 pm I won a case of 2005 Magdelaine at HDH! My first ever HDH Auction score. 20% over the top estimate, I think.

Do they show how many bids the lot received somewhere? I don’t see that on the webpage.

Also, is shipping a hassle there?
Good job, that's an excellent wine.

They don't show the number of bids AFAIK. My strategy is that I place my bid and walk away so I don't get lulled into a false sense that I need to have any particular lot (I don't).

They no longer ship but will put you in touch with third party shippers that pick up your winnings and arrange packing and shipment. It gets around some legal issues (they can't ship in DE). It was a little clunky, but worked well. It was expensive, I paid about $100/cs from DE to NC, but I factor that into my bidding now.

I missed on two early lots yesterday and gave up. I wouldn't have won any of the other lots I was looking at. My price was at about 75-80% of the high estimate and that wasn't nearly enough.

Whoever grabbed the Roagna Pira 2013 at $950 got a nice deal.
On the showing the bids, you can only see it while the lot is being bid on. If you are in the app you can see it by clicking the “history” button at the bottom

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Re: Have wine auction lots become much more scarce....?

#261 Post by Nathan V. »

Pat Martin wrote: January 14th, 2022, 7:25 am Thanks, Nathan. Crazy shipping costs!

I assume with HDH that if no bottle conditions of any kind are mentioned then that lot is “pristine”?
Well, they'll *look* pristine. I've mostly stuck to buying OCB/OWB as I've moved along because that tends to reduce the chances of storage issues with the wines. Even then, you can get an OCB of wine, as I have, where the corks are soaked half way up (or worse, but this is the worst I've experienced). To me, that is indicative of poor storage somewhere along the way (wine that I've bought on release through trusted (mostly official) channels will only have wine stain on the end of the cork).

Many wines are moving all over the place, sometimes trading hands many times, before they end up at auction.
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Re: Have wine auction lots become much more scarce....?

#262 Post by MikeHill »

Pat Martin wrote: January 13th, 2022, 8:08 pm I won a case of 2005 Magdelaine at HDH! My first ever HDH Auction score. 20% over the top estimate, I think.

Do they show how many bids the lot received somewhere? I don’t see that on the webpage.

Also, is shipping a hassle there?
Nice score, especially for your first win. I was going for that as well. champagne.gif

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Re: Have wine auction lots become much more scarce....?

#263 Post by Markus S »

Nathan V. wrote: January 14th, 2022, 5:36 am Whoever grabbed the Roagna Pira 2013 at $950 got a nice deal.
[wow.gif] [rofl.gif]
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Re: Have wine auction lots become much more scarce....?

#264 Post by Ethan Abraham »

The "arbs" aren't there anymore. Even a few months ago you could often grab recent release of mid-level burgs and bdx at a decent discount to retail. I put in a bunch of bids yesterday on 19 fourrier, duroche, etc and everything ended up almost exactly at retail.

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Re: Have wine auction lots become much more scarce....?

#265 Post by HoosJustinG »

Secondary market not loving Bevan… Consignor prob should’ve sent these to K&L/Winebid

Also RE: Shipping from HDH, most pro storage facilities will make it up there once in a while. I think I pay $55/box (so either full case of loose bottles or per OWC) at Vine Vault for them to place in my storage in Atlanta. Another $55/box to deliver to my house in FL when I want to pull boxes, but it’s refrigerated the whole way and getting wine shipped to Florida is basically impossible over half the year. The only way to really do it is overnight + AM delivery (and hope it happens, these days), and that’s more than $100 anyway… To me, the fact that they don’t ship is easily counterbalanced by lack of DE sales tax. I think that is *to some extent* priced in to hammer prices but not fully.
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Re: Have wine auction lots become much more scarce....?

#266 Post by Andrew Gold »

Ethan Abraham wrote: January 14th, 2022, 8:44 am The "arbs" aren't there anymore. Even a few months ago you could often grab recent release of mid-level burgs and bdx at a decent discount to retail. I put in a bunch of bids yesterday on 19 fourrier, duroche, etc and everything ended up almost exactly at retail.
Completely agree with this...

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Re: Have wine auction lots become much more scarce....?

#267 Post by asnitow »

Nathan V. wrote: January 14th, 2022, 5:36 am
Pat Martin wrote: January 13th, 2022, 8:08 pm I won a case of 2005 Magdelaine at HDH! My first ever HDH Auction score. 20% over the top estimate, I think.

Do they show how many bids the lot received somewhere? I don’t see that on the webpage.

Also, is shipping a hassle there?
Good job, that's an excellent wine.

They don't show the number of bids AFAIK. My strategy is that I place my bid and walk away so I don't get lulled into a false sense that I need to have any particular lot (I don't).

They no longer ship but will put you in touch with third party shippers that pick up your winnings and arrange packing and shipment. It gets around some legal issues (they can't ship in DE). It was a little clunky, but worked well. It was expensive, I paid about $100/cs from DE to NC, but I factor that into my bidding now.

I missed on two early lots yesterday and gave up. I wouldn't have won any of the other lots I was looking at. My price was at about 75-80% of the high estimate and that wasn't nearly enough.

Whoever grabbed the Roagna Pira 2013 at $950 got a nice deal.
Guilty as charged
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Re: Have wine auction lots become much more scarce....?

#268 Post by MikeHill »

Andrew Gold wrote: January 14th, 2022, 9:21 am
Ethan Abraham wrote: January 14th, 2022, 8:44 am The "arbs" aren't there anymore. Even a few months ago you could often grab recent release of mid-level burgs and bdx at a decent discount to retail. I put in a bunch of bids yesterday on 19 fourrier, duroche, etc and everything ended up almost exactly at retail.
Completely agree with this...
Same. Since this is more "mid tier" premium wines, I figured I'd take a swing and put in a bunch of bids to see what happened...basically slight discount to W-S low. Worst case, I'd end up with a lot of wine at decent price (I'm in accumulation mode still). So far I'm 1 for 20. More for BD day.

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Re: Have wine auction lots become much more scarce....?

#269 Post by Mark Golodetz »

MikeHill wrote: January 14th, 2022, 7:41 am
Pat Martin wrote: January 13th, 2022, 8:08 pm I won a case of 2005 Magdelaine at HDH! My first ever HDH Auction score. 20% over the top estimate, I think.

Do they show how many bids the lot received somewhere? I don’t see that on the webpage.

Also, is shipping a hassle there?
Nice score, especially for your first win. I was going for that as well. champagne.gif
I just looked at the price. I would have expected to hammer around $1800
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Re: Have wine auction lots become much more scarce....?

#270 Post by Pat Martin »

Mark Golodetz wrote: January 14th, 2022, 11:32 am
MikeHill wrote: January 14th, 2022, 7:41 am
Pat Martin wrote: January 13th, 2022, 8:08 pm I won a case of 2005 Magdelaine at HDH! My first ever HDH Auction score. 20% over the top estimate, I think.

Do they show how many bids the lot received somewhere? I don’t see that on the webpage.

Also, is shipping a hassle there?
Nice score, especially for your first win. I was going for that as well. champagne.gif
I just looked at the price. I would have expected to hammer around $1800
Phew, I feel better now! (bout of buyer's remorse now gone). Thanks.

Just have to figure out shipping -- If anyone has any tips, feel free to PM me if easier.
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Re: Have wine auction lots become much more scarce....?

#271 Post by HoosJustinG »

‘13 Abreu Thorevilos is one of the best Cali wines I’ve ever had … perhaps THE best post-97 wine I’ve had, but WOW it looks like it’s now trading for north of $1000/btl including vig. W-S lists a few 3 digit options but out of stock when you click the link.
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Re: Have wine auction lots become much more scarce....?

#272 Post by Brady Daniels »

Who is paddle 430? Hehe
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Re: Have wine auction lots become much more scarce....?

#273 Post by Brady Daniels »

I just saw 2010 Bertheau Amoureuses go for over $1000 a bottle. What is happening?
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Re: Have wine auction lots become much more scarce....?

#274 Post by Andrew Gold »

Brady Daniels wrote: January 14th, 2022, 3:34 pm I just saw 2010 Bertheau Amoureuses go for over $1000 a bottle. What is happening?
I was struck by that lot too... insane to me.

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Re: Have wine auction lots become much more scarce....?

#275 Post by Dale Bowers »

Andrew Gold wrote: January 15th, 2022, 3:03 pm
Brady Daniels wrote: January 14th, 2022, 3:34 pm I just saw 2010 Bertheau Amoureuses go for over $1000 a bottle. What is happening?
I was struck by that lot too... insane to me.
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Re: Have wine auction lots become much more scarce....?

#276 Post by Brady Daniels »

The funny thing is I should be thrilled by $1k Bertheau Amoureuses, because I have some, bought en primeur. But I find it very hard to open wines worth that much, so it annoys me greatly. Not rational, I know.
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Re: Have wine auction lots become much more scarce....?

#277 Post by Nathan V. »

Brady Daniels wrote: January 15th, 2022, 7:15 pm The funny thing is I should be thrilled by $1k Bertheau Amoureuses, because I have some, bought en primeur. But I find it very hard to open wines worth that much, so it annoys me greatly. Not rational, I know.
I think that's completely rational. Ignoring present value would be irrational, IMO.
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Re: Have wine auction lots become much more scarce....?

#278 Post by Nick Gangas »

Nathan V. wrote: January 16th, 2022, 7:11 am
Brady Daniels wrote: January 15th, 2022, 7:15 pm The funny thing is I should be thrilled by $1k Bertheau Amoureuses, because I have some, bought en primeur. But I find it very hard to open wines worth that much, so it annoys me greatly. Not rational, I know.
I think that's completely rational. Ignoring present value would be irrational, IMO.
I'm with Nathan. Very rational. Ignoring present value is rationalization.

By the way, I'm still holding 3 bottles of yours Brady.

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