Why Consign My Wine and Spirits Collection with Iron Gate Auctions?
- Canadian company and the only auction dedicated to fine wine and spirits
- Based in Alberta, we can sell with the lowest buyer premium and lowest tax rate in the country which entices buyers
- Selling in Canada removes the hassle of shipping, export duties, paperwork. We take care of it all
- Canada is a great place to sell because of the limited amount of places to buy back vintage wine
- 17 years in business, a trusted provider
- Our team of industry veterans, sommeliers and logistics experts
- Consignor dashboard to allow you to see you wine selling in real time, sales history
- Payout within 15 business days of auction close. Industry norm is 35 business days, almost 2 months.
- We’ll offer to buy in anything that doesn’t sell
- No chargebacks or holds on returns or non-pays
- Full hi-res photography of each lot, not a stock photo
- Marketing programs for your wine that include VIP events, press releases, social media, targeted advertising. Options outside of auction for specialized items including US retail and Hong Kong buyers
Reasons for Selling Your Wine and Spirits Collection
The 6 D’s
Divorce – Wine collections are often a material component of marital assets that may need to be sold in whole or in part. Let us value this asset for you and help you make an informed decision on whether or not to sell.
Debt – While we often look to stock portfolios and real estate when facing a need for cash, your cellar can hold significant value you might not have considered. Iron Gate can loan funds against the cellar as an asset or sell outright to ease your financial situation.
Death – Liquidation of an estate is a daunting task, particularly with a specialized product like wine which is more difficult to value and sell and you might not be educated on as a widow or executor. Iron Gate can handle it all from appraisal to transport to sale.
Dry – A large percentage of the collections we receive are for health reasons. The doctor says you need to cut back or you might decide it is time to drink less or not at all. Don’t let the wine sit in your cellar past its prime and potentially decrease in value.
Development – Over the course of your life your palate will change. The wine you enjoyed and accumulated in your 20s and 30s might not be the same wine you like in your 40s and 50s so why hang onto wines you no longer drink? Consider selling off these and using the proceeds for to buy wines you enjoy at this stage in your life.
Downsizing – The kids have moved out and the big home is being replaced with a condo downtown. The 2500 bottle cellar is now being replaced by a 500 bottle wine fridge. While Iron Gate’s storage is an option, it might be time to thin the collection out as a large part of the enjoyment was having it on hand.