Why did I receive a bid below the current fair market value listed on Vinovest?

Just like in any market, including the wine market, there is a spread between the supply of wine and the demand for it. 

For young wines or those sold outside of their ideal selling window, this gap can be significant. 

Some buyers may offer low bids as they are patient and want to wait for the seller to be more motivated to sell. However, if the seller is willing to wait, they may receive higher bids.

Note: fine wine and whiskey are long-term, illiquid assets. Selling wine and whiskey outside of its ideal selling window may result in the rate of appreciation not covering costs and expenses, such as Vinovest transaction fees and third party costs to sell the wine or spirit. For more information, please read our Terms and Conditions.

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