Flipping wine

Is it anything like flipping houses? Buy cheap, doctor it up, and sell it for a profit?

Yep, but by doctoring it up, you cellar until it becomes more valuable, or get lucky and have the WOTY. Posted a thread on this a while back, and the best answer I got is, "buy wine to drink, not sell?"

But, if you're interested, you have to lay out cash for the big boys, First Growths, Y'Quem Sauternes, Cali Cult Cabs and the like. Some people buy a full case of a top wine for say, 5 grand, cellar for a long while, then sell off half of it for 5 grand, and drink the rest for free (minus inflation of course).

True flipping is getting allocations direct from cult wineries (Sine Qua Non, Screaming Eagle, Bryant etc.) at mailer prices and re-selling them for profit.

quote:

Originally posted by Hunter:
True flipping is getting allocations direct from cult wineries (Sine Qua Non, Screaming Eagle, Bryant etc.) at mailer prices and re-selling them for profit.

True.

Also other high quality wineries while, though not quite 'cult' in status, create wines very difficult to obtain without being on their direct mailing list which in now either closed or with a VERY long 'waiting list' (Harlan, Kosta Browne, Monterelli, etc).

Some people purchase their full allocations and then sell off what they don't need to pay partly for what they DO want to keep, into a market willing to pay above the winerie's original selling prices. However, this is getting more difficult, as the wineries see what prices the market is willing to bear for their juice and some are raising prices accordingly.

Thanks all, but how do you go about selling them to respectable individuals? Where are these bottles sold and how do you know what is a reasonable price?

If you're flipping, then you're not after a reasonable price. You're just looking at what the morons who are panting after your wine set the market price to be. And you can monitor that through auction sites and buying and selling forums (like the one here).

quote:

Originally posted by marcb7:
Thanks all, but how do you go about selling them to respectable individuals? Where are these bottles sold and how do you know what is a reasonable price?

To determine price use www.wine-searcher.com. Pay for the pro version, worth its weight in gold.

If you are doing onsie twosies, wine commune.com is your best bet. If you are selling large, valuable lots, you can look to other auction houses like winebid, chicago wine company, zachy's etc etc

I have no affiliation with any of the above but use wine searcher every day and have bought and sold on wine commune over a hundred times with almost all extremely positive experiences. If you are goign to sell there, recommend setting up a paypal account. makes the process much easier.

Whatever you do, don't use the buying and selling section of this forum...unless you like getting berated.

quote:

Originally posted by marcb7:
Thanks all, but how do you go about selling them to respectable individuals?

If it were me, I'd advertise in the buying/selling section of this forum.

(Pause.)

Yeah. I'm kidding. Just a joke.

Earl

quote:

Originally posted by TexasWineGuy:

quote:

Originally posted by marcb7:
Thanks all, but how do you go about selling them to respectable individuals?

If it were me, I'd advertise in the buying/selling section of this forum.

(Pause.)

Yeah. I'm kidding. Just a joke.

Earl

Not if you want to "flip" wine. Some of these nabobs think that they are entitled to buy highly allocated wine at bargain prices just because they signed up for a free website.

I've used Winecommune and Winebid in the past. I prefer Winebid because I can legally ship and sell on consignment.

You're better off flipping burgers,,,lol

Alot of work!

Word from the wise...DO NOT try to use this site to sell/flip your wines. This place is a mockery.

quote:

Originally posted by cheryl11:
Word from the wise...DO NOT try to use this site to sell/flip your wines. This place is a mockery.

Cheryl11-
You could create a little thread in the "Learn Wine" section called "What NOT to do when you're interested in selling wine on the WS Forum site". You'd be a good teacher as you'd be speaking from experience. You've succeeded at doing everything one can to get members to NOT want to purchase anything you have to offer.

You do very well at alienating yourself. Congratulations. Hope you're achieving what you're working so diligently for.

cheryl11,

you keep coming back for more!

I only participate in areas outside of buying/selling on this forum now. FYI: SERIOUS visitors DID purchase from me through here, but the ridicule was not worth continueing the effort in this arena. Other avenues have brought greater success.

quote:

Originally posted by cheryl11:
but the ridicule was not worth continueing the effort in this arena. Other avenues have brought greater success.

There is a manner is which presenting available wines sell very successfully on this board. Those that brashly swoop in, tend to typically bring the ridicule on themselves. I'm happy you were able to conduct your business successfully elsewhere.

Thanks KSC.