If you decide to sell your wine on consignment, Belmont Wine Exchange can provide you with the best service at the lowest rate.
Low Consignment Rate - BWE charges 18% commission for consignments. For example, if a bottle of wine sells for $100, the Consignor will receive $82. Any applicable sales tax and freight are paid by the buyer.
Shipment Assistance - Consignor is responsible for the shipping cost of consigned wines to BWE. BWE will provide shipping labels at the discounted rates provided by Fedex. These costs will be withheld from consigned sales. Consignor is responsible for insuring the lot during shipment. This is typically 0.7% of the shipments value, and does not cover damage due to heat or leakage.
Mutual Price Setting - The Consignor will work with BWE to accurately assess all wines, relying on BWE's years of experience to help establish market bearing prices. BWE will notify the Consignor of any offer below list price which, in its opinion, is made in good faith.
Promotion - BWE will photograph and provide suitable ratings and descriptions (if available) of consigned wines. All wines will be promoted on BWE's website, wine list, and promotional e-mails.
Quick Payment - Consignment checks are sent out on the first day of each month for all consignments sold the previous month. Included with this mailing is a current inventory status report.
Insurance - BWE is fully insured for all wine stored at its facility. A copy of insurance summary is available upon request.
Storage - BWE keeps all wine in a climate controlled storage room, alarmed, and secured with cameras. Consigned wines are required to be held on site at BWE. BWE shall provide a signed receipt for all wines received.
Consignment Precedence - In the case of identical wine and pricing from other Consignors, earlier consigned wines are offered for sale first. In the case of identical wine, but different pricing, the lower price consigned or BWE wine is listed first.
Consignor Options - At any time, Consignor has the option of...
a) selling directly to BWE
b) changing the list price of Consignor's wine
c) having any consigned wines returned, without any administrative fees
(Consigner pays for return shipping costs)
For more information, please review our Consignment Terms and Conditions