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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Online fine wine auction site idealwine has launched a charity auction to raise funds for healthcare workers in France.
Unveiled this week, the auction will run until May 7. The auction includes Château Lafite Rothschild 1996 in a double magnum, and a range of large formats Bordeaux such as Pichon Baron, Phelan Segur and Suduiraut, and Salmanazars from Domaine de la Solitude, Domaine Albert Bichot and Champagne Drappier.
All proceeds will be donated to the #ProtegeTonSoignant collective which is a multidisciplinary team that identifies hospitals’ urgent needs, to buy and deliver the medical equipment.
Just under 1,000 bottles will be up for auction, with donations from 100 domains, which is worth an estimated €60,000-€100,000.
The auction will be live from April 27 until May 7 2020 on the iDealwine.com site.
The auction will be administered by International Wine Auction, the certified public auction operator and subsidiary of iDealwine.
How to Bid
Simply sign up on the iDealwine site.
All proceeds [the hammer price and buyer’s commission (19% excluding tax)] will be donated to the collective. The wines bought will be shipped to buyers by iDealwine (shipping fees apply), or will be available for collection at the iDealwine warehouse (in Paris) after the end of lockdown.