Auctions: iDealwine buyer’s commission increases

From 1st September 2017, the fees applied to your bids in our online auctions will be 18% (21.6% VAT incl.).

iDealwine services are evolving. As you can witness it over time, our website is constantly changing to provide you with an ever more efficient, mobile and precise service. All the lots presented at auctions on the iDealwine platform go through thorough inspection, during which each bottle makes a detour by our photo studio. The photos allow you to examine the bottles in their smallest details – wine level, label… – before you decide to bid (or not). During the first half of 2017, no fewer than 56,000 bottles sold at auction were inspected by our team of eight specialists!

Unchanged for more than three years, the buyer’s commission applied to your auctions thus increases on 1st September 2017, from 16.67% excl. tax to 18% (21.6% VAT incl.). On the presentation page of the lots for auction, the VAT incl. cost of your bid always remains clearly visible:

On the other hand, by clicking on the symbol « i » at the right of the VAT incl. amount, you have all the information concerning the cost calculation for your next bid on this lot:

Our subsidiary International Wine Auction (IWA) – which manages the bi-monthly wine auctions on iDealwine is a pure player in wine. In 2016, IWA achieved almost a quarter (24%) of the fine wine auctioned in France. This puts iDealwine at the forefront of the global wine auction market as indicated by the French public auction regulation authority, the CVV (Conseil des ventes volontaires) in its annual report for 2016.

This high level of specialization and the optimized means we use allow us to maintain a lower commission rate than most of our competitors that can indeed reach (or even exceed) 25% VAT incl.

Be reassured, we are determined to secure our leading position by offering you the most fabulous and rarest bottles twice a month, but also an incredible choice of vintages and formats. We would also like to seize the opportunity of this article to thank you for your loyalty. Thanks also to those of you who trust us to resell part of their cellar and thus access buyers from 55 countries.

The new commission will be applied on all bids during the online auction live from 1st to 13th September. No changes on fixed-price sales, however, the price displayed is the final price including VAT.

See all wines currently on sale

Register here to access auctions and fixed-price sales

Receive a free estimate of your cellar

Read further on iDealwine Le Blog:


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