A Beginners guide to collecting and investing in Whisky – Part 3

In this final part of our beginners guide trilogy, we’ve now reached the point where you’ve identified lots of interest and are looking to start bidding.

The Bid

We’re often asked about bidding tactics and generally everyone has their own approach that works best for them. Going through the previous steps one-by-one you should be aware of how the bidding format works for the auctioneer you are using. As soon as an auction opens online, some buyers may open the bidding to create a ‘hit list’ of bottles they want to watch through the auction. Mainly this is due to some sites not offering a favourites or watch list; it is a useful tool if you are wishing to keep tabs on several bottles on one handy screen. Or you may want to follow some lots as you already own the bottles to see how the market is viewing their value.

At JWA the trend is that after an initial flurry of opening bids things will slack off a little and the auction will progress at a steady pace. Once the auction deadline looms; bidding ramps up …

Continue Reading at Just Whisky Blog

Part 1 can be found here

Part 2 can be found here