How to Find the Value of Wine: Is it Worth Buying & Storing or Selling!
So, you’ve got a bottle of wine and wondering how to find the value of wine because you’re just not sure how much it’s worth. Whether you’re a fine wine collector, or if you have received an old bottle as a gift, it can be tough to determine the value.
Don’t worry—we’ve got you covered with this handy guide on how to find the value of wine! Let’s get started!
All You Need to Know About How to Find the Value of Wine
To find the value of a bottle of wine, you’ll need to consider 4 factors. They include the reputation of the winery, the age of the bottle, how rare that variety is, and who made it.
Figuring out the value of a bottle of wine is no easy task. After all, there’s so much to consider—some of it random, some of it more predictable. Knowing all of these factors though is important when you’re trying to figure out how much your bottle is worth.
The reputation of the winery where it was made at plays a significant role in determining wine auction prices. If the winery is known for producing high-quality wines, your bottle is likely to be worth more than if the winery isn’t well-reputed.
In addition, the age of the bottle matters just as much. If you have an old bottle that just is known for getting better with time, it could be worth quite a bit. This can also depend on how rare or sought-after that variety is. If you’re holding on to a wine that everyone’s dying to try but can’t seem to find anywhere, then you probably have a valuable bottle in your hands!
Finally, who made it matters too. If your old bottle has signs of some famous enologist or vintner, then you’re definitely holding on to something special.
You can find half of this information on the bottle itself: the name of the winery, the age, and who made it (plus a few other details). Now, to determine whether or not this winery is reputable, there are a few things you can do.
How to Determine if a Winery is Reputable
First, you can check out wine websites like Wine Spectator or Wine Enthusiast to see if they have any reviews of fine wines from this vineyard. If they don’t have anything on it, Google is your friend here.
Wine Spectator and Wine Searcher (winesearcher.com) are the most popular websites for finding out what your wine costs. Enter your email address to log in and input a few other details to get results.
Whether it’s a bottle of wine you just bought or one you’ve had stashed in basement for decades, each bottle has value and a selling price. It can be difficult to tell when it’s time to open up or sell.
What to do if You Still Can’t Figure Out the Value
If you’ve found all of this information on the label and are still a little it confused, it’s it’s time to ask a professional. Someone who works at a winery or even your local liquor store clerk are often the best people to ask as they work in the field. Keep in mind though, if it’s a rare bottle, they may not have heard of it before. This doesn’t mean there isn’t someone else out there who does know something about it! Try a few pros to avoid missing an opportunity!
Finding the value of the wine is not an easy task. The average person might think: “All I need to do is find a professional who can review the bottle in person.” If only it were that simple! Your best bet is to first do some research for yourself based on the name of the bottle, winery, and year it was made. Them, take the bottle to the pros for a look and see what they price the value at.
Do your research and find the wine merchants professional who can review the bottle in person. Do not rely on just one source, however. Get quotes from a few different sources to ensure you’re getting accurate info and the best price!