Buying wine at auction / Bidding
The auctions are held live at our sale rooms at Pfingstweidstrasse 6, 8005 Zurich, Switzerland.
Interested purchasers can either bid at the auctions at they take place or provide us with written details of their maximum bidding prices in writing by midnight on the Thursday preceding the auction. Later bids than this can not be accepted.
The auctioneer starts the bidding one increment above the second-highest written bid. If no written bids have been received, the starting price is generally 10-20% below the lower estimate price.
Bidding takes place in the following steps:
|Starting price||Bidding increment|
|0 – 99 CHF||5 CHF|
|100 – 199 CHF||15 CHF|
|200 – 999 CHF||20 CHF|
|1’000 – 1’999 CHF||50 CHF|
|2’000 – 9’999 CHF||100 CHF|
|10’000 – 20’000 CHF||200 CHF|
|über 20’000 CHF||500 CHF|
Anyone wishing to outbid the price called by the auctioneer is requested to hold up their bidding number clearly and visibly. After calling out the highest bid three times, the auctioneer will award the sale to the highest bidder.
In addition to the hammer price, the buyer has to pay a premium of 12% and a lot fee of CHF 10.- per catalog number. The additional costs (commission, lot fee, shipping costs) are subject to VAT at the rate of 7.7%. Lots subject to VAT are marked with a * in the catalog. Only with these marked Lots the value added tax is to be paid also on the wine.
Wines purchased at auction may be taken away immediately after payment, or a few days later on presentation of a payment receipt. We accept payment in cash, by Postcard debit card, EC-Direct debit card and Swiss franc (CHF) payment transfer. Credit cards are not accepted.
Lots not sold at auction may be purchased at the defined minimum price
(1 bidding increment above the auction starting price) until 12 noon on the Monday following the auction. Such purchases are subject to the same terms as those applying to wines sold at auction.
The benefits to you of bidding for wine at Steinfels Weinauktionen
We will not give you an inflated assessment of the value of a wine by quoting exaggerated estimates, nor will we offer the prospect of unrealistic bargains by setting our estimates too low.
Nevertheless, it can be the case that highly sought-after wines sell well above their estimates and that more modest, everyday wines fail to achieve their estimates.
Everything in one place
- Our own wine experts take delivery of the wines. We have no off-site warehouse and no third-party staff
- The assessment of the wines' condition (ullage, labels, capsule, etc.) is carried out by our own trained staff.
- Prior to auction, the wines are stored in our own cellars. From the time the catalogue is sent out to the auction itself, potential bidders may view the wines at any time during business hours.
- The auctions are held on our own premises. Bidders attending the sale can pay for the wines they have bought at any time and take them away with them, thus avoiding delivery charges.
- Every auction is supervised by a notary of the canton of Zürich. Any matters requiring clarification can thus be resolved immediately.
Clearly structured catalogue
The wines are listed first by wine-growing region and then alphabetically within each region, so that a particular wine is very easy to find.
The catalogue provides a detailed description of each wine's condition. We also have an online catalogue which is easy to browse through.
Photographs of the wines are also provided in the online catalogue.
The photographs are meant to help bidders assess the condition of the wines.
Various possible ways of bidding
Payment and guarantee
ritten bidding instructions or absentee bid by bidder XY
|Catalogue/lot no.||Item||XY’s bid
in CHF, excluding
charges and lot fee
|231||5 Fl. Figeac 1997||400|
Lot estimate: CHF 200 (low) – 350 (high)
Reserve price: CHF 160
- No bids in the room -> lot is allocated to absentee bidder XY at CHF 160
- Bids in the room go up to CHF 240 -> lot is allocated to absentee bidder XY at CHF 260
- Additional written/absentee bids have been received at, for example CHF 240 / 280 / 360