How do I buy spirits at auction?
The way in which auctions work has evolved quite a lot in recent years, especially with the digitalisation of sales. Of course, traditional auction houses still exist, but they are now facing stiff competition from online outlets that offer global visibility for their products.
How do auctions work on FineSpirits.Auction?
Fine Spirits Auction is a new platform specialising in spirit and whisky auctions. It was created by La Maison du Whisky, France’s go-to merchant for whisky and spirits, in collaboration with iDealwine, France’s top wine auction house and a world-leading online auctioneer. Fine Spirits Auction uses iDealwine’s auction subsidiary, International Wine Auction, for the organisation and legal framing of sales. These auctions follow the same principles as a classic (in-person) auction, but the bidding takes place online. FSA’s auctions can guarantee the same level of product evaluation, authentication, and transaction security. IWA also guarantees that bottles conform to what is described in the catalogue, as well as ensuring smooth and correct transactions.
How are the spirits evaluated?
Each bottle put up for auction at FineSpirits.Auction is meticulously evaluated by a specialised team made up of experts from iDealwine and rare spirits specialists from LMDW. They do not accept bottles that are counterfeit or in bad condition. There are a number of verification stages for each brand and type of spirit.
How do I place a bid at FineSpirits.Auction?
To place a bid, you must have an account with iDealwine (including your payment method) since the transaction takes place on iDealwine’s auction platform. Then you just click “Bid” on whichever lot(s) interests you and follow the auction, potentially bidding higher if you have a competitor. On the date and hour of the sale closing, the final and highest bidder is the person who wins the lot. To maximise your chances of winning your desired lot without breaking your budget, you can decide on a maximum bid: this maximum (not visible to other bidders) will only be reached if other clients attempt to outbid you. The bid will increase automatically each time another user places higher than your latest bid. This continues until your maximum bid is reached, without you needing to follow the auction. Before bidding, you can also “Track” any lots that interest you. The bottles you have your eye on will be listed together on the same page, allowing you to follow the ongoing auction easily and without missing out.
How and when do I settle my order if I win an auction?
Once the sale has finished, you will receive an email detailing the lots for which you placed a bid and the outcome of your auction. For any lots you have won, the price will also be included. After the final auction closes, you will receive an email asking you to settle your order. You can then fill in your delivery details or collect your order from our warehouse in Colombes.