Wednesday, March 27, 2024

Does World Market Sell Wine

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What You Need To Consider Before Selling Your Wine

How to Sell Wine If You Own a Vineyard

Firstly, there are legal hurdles to overcome: primarily that you will find it very hard to sell wine without an alcohol licence. You also have an obligation to go through all sorts of other legal hoops to ensure that the person receiving the delivered bottle is aged over 18.

If you sell a bottle or a case of wine online, you also need to think of how you would get it to the purchaser. You could just sell to people who live locally, who can actually come and pick it up in person, but this severely limits the potential purchasers you can reach.

Offer it to everyone, regardless of distance, and youll have to pack it up and send it via courier to its destination. Every courier has different rules about carrying alcohol and liquids, but you can expect to pay a premium to guarantee safe delivery of delicate glass bottles, as well as having to pack it really well to avoid breakage.

There is also the risk of your purchaser not being happy with what they receive. What if there is a breakage? or the wine turns out to be corked? Maybe the purchaser decides he or she doesnt like what they bought? These are all complications you could happily do without. The London Wine cellar removes all of these niggling hurdles, making selling wine effortless from the free nationwide collection to speedy payment.

Wines We Like At Cost Plus World Market

Cost Plus World Market half-case wine sale is on from now until April 9. Once the sale is over, a new sale will emerge with likely the same sale prices. Thats the way the wine sales at World Market seem to work. There are some excellent buys on this sale and on some closeout wines as well. I shop at the Bridgepointe Cost Plus, so closeout prices might vary from store to store. Here are the details.

Cost Range Per Bottle

The value of investment-grade wine varies widely. It depends on a number of factors, including when the wine reaches peak maturity , the winerys pedigree, critical assessment, scarcity, and current demand for a particular vintage.

With few exceptions, you shouldnt expect to pay less than $30 for a 750 ml bottle of investment-grade wine. However, wines at the lower end of the price spectrum often carry more price risk they may not appreciate in value as time goes on.

For instance, 2004 Chateau Sarget de Gruaud Larose, a red from St. Julien, France, has an excellent pedigree and was bottled with high hopes. However, famous wine critic Robert Parker characterized it as a major disappointment, and it now sells for about $35 per bottle on the Berry Bros & Rudd wine exchange after barely appreciating in value at all.

2008 Hermitage Rouge, a red produced by Domaine Ferraton in Les Miaux, France, suffered a similar fate. It rates 89 out of 100 by Wine Spectator a good, but not spectacular, rating and sells for about $70 per bottle at Berry Bros, mostly due to the Ferraton pedigree. Other Ferraton wines appreciate more rapidly and may sell for several times this amount.

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Ways To Save Money At Cost Plus World Market

If you like every shopping trip to feel like youre on a treasure hunt in one of the worlds coolest bazaars, youve got to check out Cost Plus World Market.

After getting its start on a San Francisco pier in the late 1950s, Cost Plus has today grown to include 259 stores across the country.

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Check The Sold As Is Section

Farmers

Typically located near the front of the store, this section features unique furnishings like these pictured below at substantial markdowns.

Were talking around 50% off the ticketed price!

Think of this section as the furniture equivalent of a mini scratch and dent store, where you can get goods that have minor surface scuffs but still are in good working condition.

But heres one word of advice: If you see something you like, its best to grab it because chances are it wont be there long!

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Professional Designers Receive A 10% Discount

If youre a professional designer or interior decorator, you can chalk up even more savings10% off to be exact. All you have to do is show your proof of occupation to a store manager, this could be a business card or state business license and photo ID. If approved, youll receive a Designer Discount Card. The cards gives you a 10% discount at Cost Plus World Market Stores across the country. Just remember, the discount only works in stores, not online.

Now, brush up on our best shopping tips, grab a reusable bag and head to your nearest World Market! Youre sure to save big bucks.

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Bed Bath & Beyond Sells Cost Plus World Market

Bed Bath & Beyond Inc. on Tuesday said it completed the sale of its Cost Plus World Market subsidiary to a Southern California private-equity firm.

The deal with Los Angeles-based Kingswood Capital Management LP was announced in mid-December. The transaction price wasnt disclosed.

Headquartered in Alameda, Cost Plus World Market is a national specialty retailer of home furniture, décor, curtains, rugs, gifts, apparel, coffee, wine, craft beer, and food products from around the world. It has 245 stores including locations in Santa Rosa, Greenbrae, Napa and Vacaville.

In connection with the transaction, Kingswood named Alexander W. Smith to the retailers senior management team, formally leading as its executive chairman. Smith has senior expertise in the home and décor categories. He was CEO of Pier 1 Imports from 2007 to 2016, during which time he led a turnaround of that retailer, which specialized in imported home furnishings until it shut down last year.

From 1995 until 2007, Smith held various senior management positions within TJX Companies Inc., including group president and chairman of the HomeGoods division. Most recently, Smith was executive chairman of Vitamin Shoppe, where he oversaw a successful sale of the business.

Cost Plus first opened on San Franciscos Fishermans Wharf in 1958, and that location closed in 2020. Bed Bath & Beyond purchased the chain in 2012 for $495 million.

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Charles & Charles Ros $648

This is a rock-bottom price for the Charles & Charles Rosé. It is Vintage Wine Taster Mikes favorite Rosé. Dry, crisp, and refreshing, it is a wine to have on hand for Springtime. At the Bridgepointe store, the Charles & Charles Rosé at $6.48 is the closeout price. The usual price at Cost Plus is $7.99, which beats other nearby store prices.

Get A Case Discount On Wine

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If you join the free World Market Explorer Rewards Program, you can get access to special member pricing on wine and beer.

One particular deal caught our eye during a recent trip: You only need to buy six bottles to take advantage of the 30% off half case sale!

That lowered the price per bottle from nearly $12 to $8.29.

And heres a bonus: When you sign up for the rewards program, youll also get a coupon for 15% off your first purchase. Youll periodically get other rewards and coupon sent to your phone, too.

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Building A Wine Collection Costs & Considerations

Wine collecting is a well-established hobby, with roots stretching back at least to the mid-19th century. Since the 1990s, it has gained favor as a legitimate investment opportunity, both for hobbyists who want to parlay their passion into profit and for investors seeking portfolio diversification. Heres what you need to know about building and maintaining a personal collection of investment-grade wine.

Selling Wine Bottles On Ebay In The Uk

You can, of course, quite legally sell a bottle of wine on eBayjust not its contents. And unless the said empties are of Bordeaux First Growths such a Mouton Rothschild or Petrus, the value will not make the effort of listing on the online auction worth your while.

Believe it or not, there really is a market for empties of these top wines: rare examples of Chateau Mouton-Rothschild are particularly popular, as each year since the end of the Second World War the Chateau has commissioned different famous artists to create a piece of art for the label, making the bottles exceedingly collectible. Even Prince Charles has had a go, producing a lovely piece for the 2004 vintage!

This trade in empty fine wine bottles does have a darker side attached to it. In recent years, top wine companies have taken to destroying the empties of leading Bordeaux and Burgundy vintages after tasting events, to remove the risk of forgers refilling them with fake wines and selling them on. Top branded empty bottles destined to be fraudulently refilled have reportedly changed hands for as much as £300 a piece.

Aside from eBay, there are other online trading platforms, some of which even specialise in selling wine. Yet they still have to cope with the same issues theyre not designed with the seller in mind. There is no proactivity, they just list the wine and hope

Try finding that on eBay.

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Storing Your Wine Collection: Protocols & Costs

If you want your wine to age properly and achieve its maximum potential, both in terms of taste and value, you need to store it in carefully controlled conditions. This controlled storage is commonly referred to as cellaring. There are two principal ways to cellar wine: building a customized storage cellar on your property, or using a reputable public facility, whether independent or affiliated with an online wine exchange.

Taxes And Shipping Costs

Giornata, where pasta and Italian wine pair perfectly

In addition to any buyers premium you might have to pay, you can expect to shoulder taxes and shipping fees for your wine purchase.

Wine purchases are subject to state and federal excise taxes that vary by wine type and strength, as well as by jurisdiction and this is in addition to state and local sales taxes. According to the Bureau of Alcohol, Tobacco & Firearms , the federal excise tax ranges from $1.07 per gallon to $3.40 per gallon, depending on strength and type. State excise taxes range from $0.11 to $3.16 per gallon, depending on location, wine type, and wine strength. Excise taxes are typically levied on the seller and passed on to the buyer.

Shipping fees can vary widely, depending on your location, the sellers location, and the venue you buy from. The per-bottle fee generally decreases with selling volume, so a multi-case purchase is far more economical on this measure than the purchase of a bottle or two. For instance, for a single bottle, WineBid charges $15 for standard ground shipping to most places in the continental United States. For an entire case, standard ground shipping within the continental U.S. is $33.

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Get 10% Off If Youre A Designer Or Decorator

If youre in the business, just show your card or state business license and photo ID to a store manager to receive your World Market Designer Discount Card. The card gets you 10% off every time.

Its valid in-store only and not valid on alcoholic beverages and gift cards, nor can it be combined with other coupons and offers.

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Cost Plus World Market

Cost Plus Inc.

Jack Schwefel, CEO
Products
.com

Cost Plus World Market is an American chain of specialty/import retail stores, selling home furniture, decor, curtains, rugs, gifts, apparel, coffee, wine, craft beer, as well as several international food products. The brand’s name originated from the initial concept, since abandoned, of selling items for “cost plus 10%”. Its current headquarters are located in Alameda, California. The company was previously a subsidiary of Bed Bath & Beyond since being acquired in 2012. It was sold in 2021.

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Look For The Red Last Chance To Save Stickers

OK, so by now weve established that Cost Plus World Market really likes the color red!

In the store we visited, there was a prominent display of window curtains that were priced to move.

Some of the deals we found were 40% off the last ticketed price.

For example, these ivory 96 window curtains that didnt sell when they were marked down to $39.99 were being offered at a last-chance price of $23.99!

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Auction sites like eBay aren’t the right place for selling your fine wines

Picture the scene: youre clearing out the spare room, and you cant believe the amount of stuff that you didnt remember you owned. What are you going to do with all the books, trinkets and long-forgotten holiday souvenirs? Trudge to a car boot sale or stick them on eBay and see what happens?

Auction sites like eBay are fantastic for selling curios, knickknacks and the like but as a platform to sell wine online in the UK, especially bottles with some real value, youre just not looking in the right place. There are practical and legal reasons for this but also more importantly youll find it tricky to realise the true value of your wine.

We find it hard to believe that youd take your wine collection to a car boot sale and similarly, you shouldnt sell your fine wine on a site like eBay.

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Storing It On Your Own

The biggest advantage of storing your wine on your own property is being able to access it whenever you please. However, to age properly, wine needs a cool, relatively moist environment. The ideal is 55 degrees Fahrenheit and about 60% relative humidity . While that might sound like the lowest level of your house, its never a good idea to store investment-grade wine in an unfinished basement. The risk of mold, moisture, and temperature damage is simply too great.

Instead, invest in an airtight, climate-controlled wine cellar capable of holding several hundred bottles. Costs vary widely: Wine cooling units cost at least $1,000 and range up to about $10,000. Airtight doors cost $1,000 to $4,000, racks cost $2 to $15 per bottle, and flooring costs at least $5 per square foot.

If your cellar isnt attached to your house, you may also need a security alarm and motion-sensing lights .

Finally, any sizable wine collection needs specialized wine collection insurance to protect it against fire, flood, earthquake, shipping damage, certain natural disasters, and other perils. Coverage costs typically start at $0.40 per year, per $100 of wine, but can exceed $1 per year, per $100 of wine, depending on factors such as security and your homes vulnerability to natural perils.

Cost Plus Wine Recommendations

My dad asked me the other day for a list of reasonably inexpensive wines that would be better than the Two-Buck-Chuck that he had taken to drinking for its value. Dad is trying to cut back on beer a little but likes to unwind after work, and doesnt mind the added health benefits of drinking red wine.

He has a Cost Plus near him, so I suggested he head over there for some good wine values. Heres the list I provided. Note that hes a red drinker so its skewed a little towards that end of the spectrum.

Ive tasted all of the wines below and theyre all pretty good values for the money.

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Storing It In A Professional Facility

Most wine experts recommend cellaring your wine in a reputable storage facility. Professional wine storage facilities take care of all the security, climate control, and loss prevention considerations essential to long-term wine storage. There are several different professional storage options: facilities maintained by auction houses and exchanges, dedicated wine storage facilities, and self-storage facilities with specialized wine storage units. Annual storage costs at all three facility types start at about $300 for a 3 x 3 space and rise from there.

Keller Estate Sonoma Coast Ora De Plata Chardonnay 2014

Retail Spirits

For $9.90, this a great Best Buy Wine. It is not for all Chardonnay drinkers. Chardonnay wine lovers who like big oak and butter in their Chardonnay will be disappointed. The Ora de Plata is aged in neutral oak barrels, much like White Burgundy wines. The winery price is $32. Wine Enthusiast rates it at 92 points.

Other Best Buy Wines at Cost Plus

  • 2017 Meiomi Chardonnay $13.99
  • 2017 Dry Creek Vineyards Fume Blanc $9.62
  • 2016 Dry Creek Vineyards Heritage Vines Zinfandel $14.87
  • 2016 Decoy Sonoma County Cabernet Sauvignon $16.79
  • 2017 J Vineyard California Pinot Gris $12.99

To get the sale price, one must be a member and buy a half case, mix-or-match of wine. For the closeout wines, the Charles & Charles and Locations E, appear to be a single bottle price. This is at the Bridgepointe store.

Cost Plus World Market states it will match any price on a wine found at another store. Take photos with your phone to make your case.

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