Insane auction prices

Anything to do with Port.
Post Reply
nac
Warre’s Otima 20 year old Tawny
Posts: 721
Joined: 14:21 Fri 16 Dec 2016
Location: Kent & London
Contact:

Insane auction prices

Post by nac » 11:09 Thu 11 Mar 2021

Current Sworders auction.
4 bottles - 1 x bn/ts, 3 x ms.

T70 auction.JPG
T70 auction.JPG (23.62 KiB) Viewed 3742 times

With the 18% fee that's £920.

PhilW
Quinta do Vesuvio 1994
Posts: 3114
Joined: 14:22 Wed 15 Dec 2010
Location: Near Cambridge, UK

Re: Insane auction prices

Post by PhilW » 12:52 Thu 11 Mar 2021

Have to agree, that's ridiculous; and it can't just be one person whose cat has stood on the keyboard either, there must have been at least two people willing to bid 750+ hammer for these four bottles, of which at least three have very poor levels and look like leakers. Perhaps they've (both!) forgotten about BP, and not read the description of levels?!

CPR 1
Warre’s Otima 10 year old Tawny
Posts: 595
Joined: 16:18 Mon 22 Apr 2013

Re: Insane auction prices

Post by CPR 1 » 22:39 Thu 11 Mar 2021

Yes but how about this!
Attachments
Ni Lbv 99.png
Ni Lbv 99.png (71.37 KiB) Viewed 3695 times

Mike J. W.
Cheap Ruby
Posts: 13
Joined: 17:41 Sun 31 Jan 2021
Location: New Jersey, USA

Re: Insane auction prices

Post by Mike J. W. » 02:27 Fri 12 Mar 2021

CPR 1 wrote:
22:39 Thu 11 Mar 2021
Yes but how about this!
If that's for a single bottle, that's just ridiculous if not criminal.

User avatar
richmills
Warre’s Warrior
Posts: 94
Joined: 15:53 Wed 28 Jul 2010
Location: New Forest

Re: Insane auction prices

Post by richmills » 10:30 Fri 12 Mar 2021

It just keeps happening as well (at least on wine-auctioneer). I've been bidding on their auctions since last Summer (just for a bit of lock-down entertainment as much as anything else) and I've not won a single lot. Everything I'm interested in has gone for more than I could buy directly from a reputable wine merchant on wine-searcher.

MigSU
Taylor’s LBV
Posts: 154
Joined: 13:22 Wed 17 Feb 2021
Location: Douro Valley

Re: Insane auction prices

Post by MigSU » 10:46 Fri 12 Mar 2021

I sometimes find good deals on Catawiki, but since most sellers there are located in continental Europe I'm not sure about posting to the UK.

User avatar
SushiNorth
Martinez 1985
Posts: 1324
Joined: 07:45 Mon 18 Feb 2008
Location: NJ & NY

Re: Insane auction prices

Post by SushiNorth » 16:12 Fri 12 Mar 2021

Are these online auctions new to the UK? Or maybe there are just a lot of bored, wealthy folks bidding?
We've been doing online auctions in the US for a heck of a long time, and there was fervor at the beginning. Then the average folks learned how it worked and prices came back to normal.
SushiNorth
Image Port wine should perhaps be added -- A Trollope

Andy Velebil
Dow 1980
Posts: 2843
Joined: 22:16 Mon 25 Jun 2007
Location: Los Angeles, Ca USA
Contact:

Re: Insane auction prices

Post by Andy Velebil » 17:34 Fri 12 Mar 2021

CPR 1 wrote:
22:39 Thu 11 Mar 2021
Yes but how about this!
Did they think it was a VP? I've seen that happen before at auctions here.

CPR 1
Warre’s Otima 10 year old Tawny
Posts: 595
Joined: 16:18 Mon 22 Apr 2013

Re: Insane auction prices

Post by CPR 1 » 17:49 Fri 12 Mar 2021

Andy Velebil wrote:
17:34 Fri 12 Mar 2021
CPR 1 wrote:
22:39 Thu 11 Mar 2021
Yes but how about this!
Did they think it was a VP? I've seen that happen before at auctions here.
No idea - but even if it was VP it is still only one bottle and it was plus BP as well!

M.Charlton
Fonseca Bin 27
Posts: 61
Joined: 16:40 Sat 23 Jun 2018

Re: Insane auction prices

Post by M.Charlton » 19:36 Fri 12 Mar 2021

Recently saw an auction for three bottles:

2005 Fonseca LBV (unfiltered);
1988 Fonseca Guimaraens; and
1985 Churchill’s Vintage Port.

“Estimate = £200 - £300.”

BP (ca. 30%) would then be added...

Mike J. W.
Cheap Ruby
Posts: 13
Joined: 17:41 Sun 31 Jan 2021
Location: New Jersey, USA

Re: Insane auction prices

Post by Mike J. W. » 02:54 Sat 13 Mar 2021

M.Charlton wrote:
19:36 Fri 12 Mar 2021
Recently saw an auction for three bottles:

2005 Fonseca LBV (unfiltered);
1988 Fonseca Guimaraens; and
1985 Churchill’s Vintage Port.

“Estimate = £200 - £300.”

BP (ca. 30%) would then be added...
So the auction house hopes to sell that lot for at least £260 (incl. a bidder's premium of 30%)? Good luck with that. I'd pay less than half that for those.

idj123
Dow Quinta do Bomfim 1987
Posts: 900
Joined: 20:54 Tue 13 Nov 2012

Re: Insane auction prices

Post by idj123 » 11:05 Sat 13 Mar 2021

I guess a combination of a dearth of auctions presently, everybody permanently hunched over their keyboards and the sheer boredom of lockdown is fuelling this bidding behaviour-at least in part. Hopefully, we'll see normailty (and sense) return when people have got other matters to occupy them.

Mike J. W.
Cheap Ruby
Posts: 13
Joined: 17:41 Sun 31 Jan 2021
Location: New Jersey, USA

Re: Insane auction prices

Post by Mike J. W. » 16:08 Sat 13 Mar 2021

idj123 wrote:
11:05 Sat 13 Mar 2021
I guess a combination of a dearth of auctions presently, everybody permanently hunched over their keyboards and the sheer boredom of lockdown is fuelling this bidding behaviour-at least in part. Hopefully, we'll see normailty (and sense) return when people have got other matters to occupy them.
That's a good point about a dearth of auctions. Here in the U.S., the volume of Ports at auction has dropped precipitously. You can still find some bargains, but the total available bottles have fallen off a cliff.

User avatar
uncle tom
Quinta do Vesuvio 1994
Posts: 3184
Joined: 23:43 Wed 20 Jun 2007
Location: Near Saffron Walden, England

Re: Insane auction prices

Post by uncle tom » 04:40 Sun 14 Mar 2021

Many people are spending very little on everyday items - much less than usual - and consequently have full bank balances to indulge.

I personally have given up ordering takeaways - I've not ordered a single one so far this year - and have re-discovered the joys of cooking in my undersized kitchen. Suddenly the cost of eating has dropped to the floor..

~~~

Had my first AstraZeneca on Friday - was quite smug that my brother suffered headaches after his but I didn't - until now..

..hopefully it will pass soon!
I may be drunk, Miss, but in the morning I shall be sober and you will still be ugly - W.S. Churchill

User avatar
rich_n
Warre’s Traditional LBV
Posts: 358
Joined: 10:59 Thu 23 May 2019

Re: RE: Re: Insane auction prices

Post by rich_n » 20:38 Sun 14 Mar 2021

uncle tom wrote:Many people are spending very little on everyday items - much less than usual - and consequently have full bank balances to indulge.

I personally have given up ordering takeaways - I've not ordered a single one so far this year - and have re-discovered the joys of cooking in my undersized kitchen. Suddenly the cost of eating has dropped to the floor..

~~~

Had my first AstraZeneca on Friday - was quite smug that my brother suffered headaches after his but I didn't - until now..

..hopefully it will pass soon!
Fingers crossed you're feeling better soon! I (somehow, not quite sure how) got offered a very last minute appointment for Friday and had some minor aches and fatigue. Hoping it's gone by tomorrow.

User avatar
uncle tom
Quinta do Vesuvio 1994
Posts: 3184
Joined: 23:43 Wed 20 Jun 2007
Location: Near Saffron Walden, England

Re: Insane auction prices

Post by uncle tom » 09:40 Mon 15 Mar 2021

Fingers crossed you're feeling better soon! I (somehow, not quite sure how) got offered a very last minute appointment for Friday and had some minor aches and fatigue. Hoping it's gone by tomorrow.
Yes thanks - an annoying, distracting front lobal headache kicked in just over 30 hours after the event, which then very gradually subsided.
I may be drunk, Miss, but in the morning I shall be sober and you will still be ugly - W.S. Churchill

Post Reply