How to match to an open bid‹ BACK
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Offer to match
When there is a wine you wish to sell and there is already an interested buyer on the exchange, if you are willing to sell your wine at their suggested price, you can can ‘offer to match’ that price. To do this, locate your wine in the fine wine exchange and hover over the “Bid” price. This will be open a window with further details and the “OFFER TO MATCH” button.
Offer for sale
Once you have selected an offer to match, please complete the OFFER FOR SALE form to sell your wine to the buyer. Please note that this is a binding commitment. When you offer to match, the buyer is notified of your offer and has 48 hours to review and either accept or reject your offer. You cannot amend or remove this offer until the person who created the open bid that you matched to has accepted or rejected your offer. If your offer is rejected, your offer becomes available in the market and you will receive a confirmatory email. When your offer to match an open bid price is accepted by the buyer, they will have the option to request a pre-sale inspection, in order to verify that the condition of the wine is as described.
Inspection takes place after the buyer has paid but before the payment is transferred to you. During this period of up to 7 working days payment is held in a suspense account (a form of escrow) by us.