Reselling wine

[generalk]

I purchased 6 x Curtis Martins Vineyard Limited Series Shiraz 2020 from QF wine store last week because I needed 30k points fast, but don't really want to hang on to $600 worth of wine.

I was thinking I'd try to sell it at a discount. Has anyone done this before? Are there any websites that work well for this kind of thing?

Thanks.

 

[MJ_/\_]

first of all, they aren't worth $600. Dan Murphys had them as an 'unwrapped' wine recently for $35 each, so somewhere between there and what you paid probably.

You're only real option is to maybe see if any of your work mates want to buy some off you or use one of the cellaring / auction house services, but not sure how they would go... probably overflowing with Qantas wines

Accept that they are cheap points and you now have some Xmas gifts to hand out.

 

[Kerrodt]

Use them as gifts would be my first thought.

If you know of an upcoming charity auction for any organization that you have some connection to, donate them into that. You might even be able to get a tax deduction for it.

But if you really want to sell them, look at eBay and FB Marketplace. What you will also see when you look at these sites is that they are awash with wine for sale (no pun intended).

 

[equus]

I think ebay iis out Selling Alcohol Policy unless you happen to have a liquor licence.

Langtons is an option, but for so little quantity and not particularly expensive, unlikely to be practical.

Gifting or drinking are the best options.

 

[offshore171]

As per other comments, gifting is probably your best bet.

Private sellers cannot resell without a liquor licence.

There are speciality wine merchants that will sell for you on consignment, as well as wine auction houses.

However this only really works for rare and/or valuable wines.

 

[Gold Member]

first of all, they aren't worth $600. Dan Murphys had them as an 'unwrapped' wine recently for $35 each, so somewhere between there and what you paid probably.

Ooof! That’s an expensive way to buy Qantas points.

If the OP was hoping to solicit private messages to sell them here on AFF (considering this is their very 1st post), good luck with that. Otherwise, welcome to AFF.

 

[generalk]

If the OP was hoping to solicit private messages to sell them here on AFF (considering this is their very 1st post), good luck with that.

Of course not, though I was waiting with bated breath for someone to suggest this may have been my intention.

Thanks for the info all. I had a look at a couple of auction sites and as expected, there's quite a bit of this drop out there and it isn't garnering much attention. I may consider returning it under change-of-mind once my next batch of CC points drop (a kind of points bridging loan, if you will). Otherwise yeah, will just keep it and convince myself and others that it is indeed worth $100 a bottle as we are drinking it. Still certainly well ahead on the EK F flight that it helped me to book!

Cheers.

 

[Kerrodt]

Of course not, though I was waiting with bated breath for someone to suggest this may have been my intention.

Thanks for the info all. I had a look at a couple of auction sites and as expected, there's quite a bit of this drop out there and it isn't garnering much attention. I may consider returning it under change-of-mind once my next batch of CC points drop (a kind of points bridging loan, if you will). Otherwise yeah, will just keep it and convince myself and others that it is indeed worth $100 a bottle as we are drinking it. Still certainly well ahead on the EK F flight that it helped me to book!

Cheers.

If you went to a restaurant and bought this bottle of wine to go with your dinner it would most likely cost you $100 per bottle in the restaurant - the markup on wines in restaurants is quite significant and I could see a $35 retail bottle of wine selling for $100 on a restaurant wine list.

That may be some consolation for you when you open a bottle at dinner time.

 

[MJ_/\_]

Otherwise yeah, will just keep it and convince myself and others that it is indeed worth $100 a bottle as we are drinking it.

That's what Qantas Wines is all about I think!

I'm pretty new to all this too but I've done a lot of research over the past month or so (and this was one of the offers I had a good detailed look at) and it's still way cheaper than buying points normally... and you get the wine. So, not as good as buying gift cards that you can re-spend, but for volume and effort it makes buying business and first reward tickets way cheaper in many cases than paying cash... and you get the wine as a bonus.

 

[MJ_/\_]

If you went to a restaurant and bought this bottle of wine to go with your dinner it would most likely cost you $100 per bottle in the restaurant - the markup on wines in restaurants is quite significant and I could see a $35 retail bottle of wine selling for $100 on a restaurant wine list.

it's just the smoke and mirrors that some of these wines are sold for... the RRP for these on the winery website up until a couple of weeks ago (while these bonus points were on offer) was actually $150 per bottle - it has now been reduced to $100 (maybe they are having a sale...). Looks like Dan Murphy's still have $150 on their website... so people do (maybe) buy it for $100+.

...not 100% sure, but I suspect Qantas Wines might now be selling it here for $40 per bottle: Buy Mystery 2020 Shiraz from McLaren Vale| Qantas Wine

 

[Daver6]

You're only (legal) option is sending it to auction. I can't imagine there is going to be much demand for a wine that's constantly sold at discount online. Some options for auctions at Wickham, Sterling or Langton's.

 

[justinbrett]

There are specialised companies that will do this but it’s usually for high valued spirits, don’t think they’d be interested in your wine.

 

[ronlon]

Of course not, though I was waiting with bated breath for someone to suggest this may have been my intention.

Thanks for the info all. I had a look at a couple of auction sites and as expected, there's quite a bit of this drop out there and it isn't garnering much attention. I may consider returning it under change-of-mind once my next batch of CC points drop (a kind of points bridging loan, if you will). Otherwise yeah, will just keep it and convince myself and others that it is indeed worth $100 a bottle as we are drinking it. Still certainly well ahead on the EK F flight that it helped me to book!

Cheers.

if the wine points were a bridging loan scenario then returning them once you get more points makes some sense. Just check the terms as to how long you have to return

 

[kangarooflyer88]

I'm not a tax expert but I do wonder, if you were to donate the wine to a charity (i.e. for a raffle), would you be able to claim a tax deduction for the in-kind value of the donation?

-RooFlyer88

 

[DC3]

Use them as gifts would be my first thought.

Possibly for those who you may not like that well

 

[stopthecap]

On the wine for points, I always go for the 12 bottle deals even if i lose a few cents per point (generally i dont though). To OP, Wine doesnt go off, 6 bottles sitting on a shelf will last years and years.

 

[Daver6]

On the wine for points, I always go for the 12 bottle deals even if i lose a few cents per point (generally i dont though). To OP, Wine doesnt go off, 6 bottles sitting on a shelf will last years and years.

Only if stored in optimal conditions. A shelf in the average Australian home is far from optimal.

 

[justinbrett]

To OP, Wine doesnt go off, 6 bottles sitting on a shelf will last years and years.

Wine definitely does go off. You need to ensure your wine is suitable for cellaring.

Most consumer wine is not suitable for long term cellaring (more than 5 years, less for white).

 

[offshore171]

Wine definitely does go off. You need to ensure your wine is suitable for cellaring.

Most consumer wine is not suitable for long term cellaring (more than 5 years, less for white).

A heavy Australian shiraz like this can be cellared for a decade or more. Main considerations are to keep the cork wet and manage temperature.

A cupboard in a cool dark room inside the house will do, preferably against an interior wall. The tin shed in the yard on the other hand, not so much....

 

[justinbrett]

A heavy Australian shiraz like this can be cellared for a decade or more. Main considerations are to keep the cork wet and manage temperature.

A cupboard in a cool dark room inside the house will do, preferably against an interior wall. The tin shed in the yard on the other hand, not so much....

Sure if you’re confident in your wine knowledge, just correcting the view the wine keeps forever, too many people have thought this only to be disappointed with a bottle of undrinkable wine. Your $7.99 Jacob’s Creek isn’t going to get any better than the day you bought it