Auction Terminology

General Wine Terminology

Ageworthy:  The ability of any given wine to mature.  This depends largely on the characteristics of each individual wine, also storage conditions.

Wine Regions:

  • Old World - Collective reference to the wine producing countries of Europe and North Africa.
  • New World - Collective reference to the wine producing countries outside of Europe and North Africa.

Appellation:  A demarcated and regulated wine production area.

  • Appellation d'Origine Contrôlée/Protégée (AOC/AOP) - France's highest classification of quality wine.
  • Indication Géographique Protégée (IGP) - France's mid-tier classification of quality regional wine.
  • Denominación de Origen Calificada (DOCa) - Spain's highest classification of quality wine.
  • Denominación de Origen (DO) - Spain's mid-tier classification of quality regional wine.
  • Denominazione di Origine Controllata e Garantita (DOCG) - Italy's highest classification of quality wine.
  • Denominazione di Origine Controllata (DOC) - Italy's mid-tier classification of quality regional wine.
  • Indicazione Geografica Tipica (IGT) - Italian classification for quality wines, whose producers choose to declassify from the DOC/DOCG structure.

Bottle Condition:

  • Bottle Variation - Variation in characteristics between multiple bottles of the exact same wine, caused largely by differing storage conditions.
  • Capsule - Foil cap placed over the cork for protection, cleanliness and presentation.
  • Fill Level / Ullage - The existing top-level of wine in an upright bottle, termed in accordance with position in the neck of the bottle.  If filled correctly, a new wine shall be filled to or just below the foil capsule; over time, this level will naturally drop, however excessive seepage may indicate an issue with the seal and increased risk of oxidation.

 

 

 

 

 

 

 

 

 

 

  • Bottle Sizes:
  • Half-Bottles - Small-format bottle, normally of 37.5cl, equivalent to half of a regular bottle.
  • Bottle - Normally 75cl, some old bottles were 70cl.
  • Magnum - Large-format bottle of 1.5 Litres, equivalent to 2 regular bottles.
  • Jeroboam - Large-format bottle of 3 Litres, equivalent to 4 regular bottles.

Wine Auctioneer Interpretations

Vintage:

  • The year in which grapes were harvested from their vines.

Cask Ageing:

  • Period of time a wine spent maturing in wooden barrels.

Seal Condition:

  • Visual determination of the quality of the seal of a bottle, unscientific:
    • excellent condition: label & foil/wax seal intact; cork/closure secure, no leakage
    • good condition: light cosmetic damage to label/seal; cork/closure secure, no leakage
    • satisfactory condition: damage to or missing label/seal; cork/closure secure, no leakage
    • poor condition: damage to or missing label/seal; cork/closure loose, slight leakage
    • bad condition: damage to or missing label/seal; damage to cork/closure, notable leakage

Legal Terminologies

Selling:

  • Transferring legal possession and ownership of items from Seller.

Seller:

  • Person from whom legal possession and ownership of items is being transferred.

Buying:

  • Transferring legal possession and ownership of items to Buyer.

Buyer:

  • Person to whom legal possession and ownership of items is being transferred.

Bid(s):

  • Legally binding offer(s) to purchase items at a specific price stated.

Auction:

  • Public sale of property conducted by competitive bidding where the item auctioned is sold to the person who makes the highest bid, providing Reserve has been met.

Commission:

  • Fee paid based on a percentage of the sales value of items.

Lot:

  • A parcel or single item that is the subject matter of a separate sale.

Listing Fee:

  • Fee paid based on an agreement to represent the sale of a separate lot.

Reserve:

  • Condition that sale shall not be agreed unless lot attains agreed value bid.

Reserve Fee:

  • Fee paid based on an agreement to place a Reserve on a separate lot.

Hammer Price:

  • The price offered as the highest bid in a public auction.

These definitions do not constitute the Terms and Conditions which we require site users to read before participating in an auction.

Our SEPTEMBER AUCTION is now live. Auction shall end after 7pm on Monday 24th September.

Contact Us

Wine Auctioneer Ltd
West Building
Ruthvenfield Grove
Inveralmond Industrial Estate
Perth
United Kingdom
PH1 3FN

Tel: 01738 245576


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