The CVV has confirmed, for the sixth year running, that IWA (International Wine Auction, a subsidiary of iDealwine), is the leading wine auctioneer in France (for the sixth consecutive year), now boasting a 42% market share.
iDealwine has held 41 auction sales in 2020 (one auction every 9 days) with over 175,000 bottles auctioned for a total of €23.4 million including tax – meaning over 40% of all wine sold at auction in France (up from 37% in 2019). Auctions aside, iDealwine’s fixed price sales, which include wine sourced directly from partner properties at cellar door prices, have increased by 46% to reach €10m. In total, iDealwine generated €33 million in sales in 2020 (+15%).
Despite the tumultuous year, the fine wine auctions market has remained comparatively stable, with iDealwine itself widening the gap in terms of market leaders. In France, wine auctions generated €47 million excluding commission (2019: €47m, 2018: €46m), which represents just 4% of the entire art and collectors’ items category. The art and collectors’ items category itself recorded a significant 22.4% drop in sales. IWA (and therefore iDealwine) has risen to rank as the eighth most important auction house in France in the art and collectors’ item category. Of course, much of this movement was accelerated by the pandemic. As a purely digital player in wine auctions, iDealwine was well placed to deal with the unique situation.
Cyrille Jomand, CEO of iDealwine, said: “We are delighted by this announcement. iDealwine recently welcomed new investment from entrepreneurial fund Capital Croissance. With this, we look forward to increasing iDealwine’s footprint not only in the fine wine world, but also in spirits via our new platform Fine Spirits Auction platform, which sees whiskies, cognacs, rums, and other fine spirits go under the hammer in partnership with La Maison du Whisky. iDealwine is also focused on its new bespoke cellar consultation and management service, offered to wine lovers, collectors, and investors.”
iDealwine has been named the number one wine auctioneer in France for the sixth consecutive year by the regulatory body for auctions in the country.
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