Private Buyer Options
Iron Gate works with selected Private Buyers to procure consignments for Canadians all over Canada.
Just as with the Auction House, Iron Gate would manage all aspects of pick up, photography, shipping and care while in our possession. The consignment contract is with selected private buyer directly, in a jurisdiction outside of Canada.
Iron Gate’s network includes a large number of private buyers in the USA and Hong Kong (typically online wine retailers) who will purchase collections for cash. These retailers would have an established clientele of wine buyers and high turnaround.
Advantages of a cash sale with a private buyer:
- Potential risks are completely eliminated
- Sale price is contractually agreed in advance
- Security is held in escrow until the transaction closes in a foreign country
Below you can see an example evaluation of Auction Sale versus Private Buyer Sale.