I'd thought it was going to go ahead, though their prior communication a month or so back wasn't entirely clear. Curious to see where the dust settles on these...seems like a lot of us have been doing a good job of decreasing our wine and spirits inventories, but obviously many not be searching out luxury item (or, alternatively, expensive necessities) purchases at this time. Not much appears to be in my current budget but I usually can't resist bidding on at least one or two.
It seems to be more bids/bidders than usual. I wonder if it is because there are many people staying at home.
I’m one of them anyway and I check the ones I’m bidding on every 15 mins.
That sounds like a recipe of 8 days of paying attention only to have you lose everything in the last 30 seconds...that's the way these auctions tend to work. I have 1 bid in right now but I don't expect it to hold.
Did anyone win anything? I only saw that my tracked lots went into OT this morning and saw the hammer prices well above what I was prepared to pay.
I didn't participate. i'm not fan of the format.
The auction went surprisingly well.....for Waddington's.
HY, don't forget the sellers. The absurd prices that people are willing to pay here are something worth taking advantage of!
I looked at selling a few things at this auction. With the percentage that Waddington's takes on both ends, it made it a very easy decision to sell at Hart Davis Hart.
I too had considered selling off parts of my cellar at this auction, but held back because of the shave that Wadds takes. I'm a bit surprised that folks were so active given the current environment.
Prices realized were insane to me. Still lots of money in TO it seems. That, or purchases coming from overseas (assuming that is still allowed).
Still better, much better than LCBO!
You think the auction prices are better than the LCBO? That’s a new one.
It depends on what you look for, indeed. I usually try to get some old/matured Bordeaux.
Just a few examples,
1988 Chateau Ducru-Beaucaillou, you know what it is, is $560 at LCBO from Special Offers (Hurry up! Offer closes June 18th).
Lot #205 1988 Chateau Ducru-Beaucaillou (4 bottles) was $1,440 plus HST.
2001 Chateau Lafit Rothschild ,out of my league, is $2,400 at LCBO, you can find it at several LCBO stores.
Lot #318 2001 Chateau Lafit Rothschild (2 bottles) was $2,040 plus HST.
Again, it depends on what you look for and we never know provenance of bottles before they get to Waddington's. However I haven't had any bad bottles from them (with my very limited experience).
It's fun to participate even if I lose almost always.
HY, the prices for those wines at the LCBO were outrageously insane, which means the Waddington's auction prices were only insane. Either way, you need to run away screaming.
You can get the '88 Ducru-Beaucaillou at The Chicago Wine Co. for $130 USD. Add shipping to Lewiston and full duty (approx 53% of the Canadian value), your landed cost would be $270 CAD.
+HST or +HST + 20% hammer? I believe the vig is something like 32% all in?
And as a general rule of thumb avoid '88 ducru like the plague. The rate of bad bottles is off the charts. Im batting 1.000 on TCA for the ones ive tried.
sunnylea, That is true. it's good to know about CWC, thank you.
futronic, HST is on top of price realized (20% on top of hummer price). That means that It ends up 35.6% on top of hummer price.
The fact (I don't mean it is a problem) is that we, Ontarians, can only sell alcohol beverage under authority of LCBO and restaurants can only serve alcohol beverages which are purchased from LCBO or authorized retailer by LCBO including Waddington's. Be a seller seriously.
BTW, I really like wines from Ontario.
HEY!!! You hosers stay away from Chicago Wine Company!
Unless you mean hammer price, Waddington's has moved into a whole different industry during the pandemic ...