We are continuing to develop new tools and features based on valuable user feedback.
San Francisco, CA, (PRWEB) September 15, 2009
Vinfolio, the foremost source for fine wine, announced that over 40,000 wines with a value over $23 million are marked for sale in the Vinfolio Marketplace. A new kind of wine auction with no buyer's premium, no seller's reserve, no minimum quantities, and no advance physical transfer of wine required, the Marketplace provides access to a far greater selection than any other wine auction firm or retail store in the world. Launched just two months ago, the Marketplace has quickly become the world's largest source for fine wine by aggregating the supply of over 250,000 unique wines owned by users of VinCellar, Vinfolio's free online cellar management application, and CellarTracker.
Along with the large influx of individuals marking their wine for sale, the number of bids in the Marketplace is in the thousands and includes both domestic and international consumers. The type of wine available in the Marketplace is a veritable who's who of top wine producers, with a large concentration of First Growth Bordeaux. Eric LeVine, founder of CellarTracker, has personally completed multiple successful transactions in the Marketplace, "I have sold three cases of high-end wine, including a case of Lafite," says Levine, "Since the bottle prices were high, they qualified for Vinfolio's shipping subsidy and I haven't had to pay a penny to ship the wine."
"The response to the Marketplace from both buyers and sellers has been enormous," says Steve Bachmann, Vinfolio founder and CEO. "We are continuing to develop new tools and features based on valuable user feedback." Most recently Vinfolio added the ability for sellers to enable an auto-accept feature, which essentially speeds up the transaction process since a seller pre-determines a private rule for approving individual bids. On the buying side, bidders can now choose their preferred method of bid fulfillment by selecting whether wine is sourced from a single seller or multiple sellers; a feature which has been welcomed especially by those looking to purchase case quantities of wine.
In the coming months, Vinfolio plans to launch a "buy-it-now" feature, bidder feedback capabilities, remote auto-accept and a Marketplace homepage, all of which are expected to attract even more buyers and sellers to this unparalleled new wine source.
Vinfolio is the foremost source for fine wine, serving wine lovers, enthusiasts and collectors worldwide. Through the Vinfolio Marketplace and wine store, Vinfolio offers an unprecedented supply of over 250,000 different wines. Combined with Vinfolio's full complement of services and resources to find, buy, sell, manage and enjoy fine wine, Vinfolio delivers on its mission of "fine wine, finer service". Founded in 2003 and headquartered in San Francisco, the company also has offices in Hong Kong. The company's website can be found at http://www.vinfolio.com