Self directed brokerage & consignment
As the fine wine market digitizes, the expectations of private clients grow. Many desire to ‘self-direct’ when it comes to selling, just as is possible in other markets that have substantially migrated online.
There are options to configure private client reserves management with a self-directed brokerage option that connects storage clients via a dynamic price discovery process to your ecommerce platform or Hub Webshop.
Businesses operating self-directed brokerage or consignment have the further option to review pending offers for sale prior to listing: to ensure obvious mistakes have not been made; to allow the taking of condition images and an inspection prior to approving and setting offers lice on the Hub Webshop or Liv-ex; or to provide an opportunity to buy outright before the offer for sale gets listed online.
Features & Benefits
Storing wines on behalf of private clients and facilitating the brokerage of these wines through you creates another source of revenue uplift.
Private client engagement increases with online access to market performance information and pricing, resulting in more selling decisions.
The self-directed brokerage add-on allows clients to offer for sale 24/7.
This functionality is well proven as a driver of brokerage activity thanks to increased confidence and transparency through market pricing.
Real-time calls to Wine-Searcher and net proceeds calculation with configurable commission rates.
Integrated price discovery process supports self directed activity.
API integration with the Hub Webshop, as self-directed brokerage operates in conjunction with multichannel selling capabilities to reach the broadest possible addressable market.
Increase the percentage of your clients’ stored wine with you that is offered for sale on your e-commerce without taking up staff time.