SEATTLE, WA, October 23, 2020 / -- WineBid, the largest and longest standing global online auction for fine and vintage wine, announced its best Q3 in company history.  

For the three months ended September 30, 2020, WineBid recorded revenue of over $8.6M, with three of the top ten weekly auctions in history.   Average weekly bidders and buyers were up over 25% year on year, with average new bidders and buyers per week up almost 50% per week.

Some of the exciting and rare lots sold in Q3 included two 2009 Domaine de la Romanee-Conti Romanee Conti which each hammered at $13,500,  as well as a 2016 Screaming Eagle 3 bottle lot in wood case which auctioned at $7,950.   Some of the more unique items included an 1863 Taylor Fladgate Limited Edition Very Old Porto, won at $2,450, and a lovely 1971 Mayacamas Cabernet Sauvignon, going back to the early days of Napa, sold for $1,500.  Large format 1.5L 1974 Heitz Martha's Vineyard Cabernet Sauvignon was enjoyed for $3,700.  Many case lots were also auctioned, including a case of 2000 Château Leoville-Las-Cases for $3,600, and a 2000-2011 HarlanEstate The Maiden, 12-bottle Vertical for $2,995.

“Only on WineBid can wine collectors find such a broad range of individual bottles and case lots at such incredible prices on a regular week to week basis,” noted Russ Mann, CEO of WineBid.    “Meanwhile, the COVID pandemic drove more wine consumers online, as they were not able to go to restaurants and bars, and preferred the convenience of shopping online and home delivery. The ongoing French and European wine tariffs made pre-tariff wines even more valuable and new vintages more expensive.   These dynamics have brought a larger and broader audience than ever to online wine auctions, with interest in all varietals and price points.”

At the same time, given the terrible circumstances for many in the wine and hospitality industry, WineBid attempted to share and give back to others in the business.  Earlier in the year, WineBid hosted the Wine Country for Restaurants (WCF)- Restaurant Workers Community Foundation (RWCF) auction and raised over $120,000 for restaurant workers over the course of five auction weeks with new wines added weekly. WineBid also created a trade support program to help restaurants and wineries auction inventory quickly and raise much needed cash to survive through the pandemic, social unrest and fires in Napa Valley.  “With all the devastating impact on the wine and hospitality industry, WineBid feels fortunate to have navigated the environment where we could offer our platform to help others.”

Other notable highlights included launching the WineBid Wines of the Week program, which benefit customers looking to purchase and ship wine immediately, by providing higher quantities of unique wines not typically found on WineBid. And most recently, WineBid launched its upgraded wine storage and shipping functionality, enabling customers to better manage their wines in storage, as well as schedule wines for pick up or delivery, down to the individual bottle level.   

WineBid is based in Seattle, WA, with operations in Napa, CA.  Founded in 1996, WineBid is the world’s largest and longest standing online auction for fine and vintage wines. For more information, contact Tess Roche by email at pr@winebid.com, or call (888) 638-8968.

Contact: Tess Roche, pr@winebid.com, or (888) 638-8968.