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  • Auction Glossary

    New to auction? Here are some terms and denotions that are useful. Please spend some time to look through and reach out to us at market@winesonline.com.sg if you have any questions regarding our auctions.

    BIDDING TERMINOLOGY

    1. Lot: This refers to the item on auction. It can be a single bottle or a case and will be made known in the description.

    2. Starting Bid: This is the lowest bid amount the particular lot will accept.

    3. Increment: This refers to the next mimimum bid amount over the current bid that will be accepted for a particular lot. Our increments are set as follows:

     Lot Value Per Incremental Bid
    Below S$200 S$10
    Between S$200 and S$500 S$20
    Between S$500 and S$1,000 S$50
    Between S$1,000 and S$10,000 S$100
    Above S$10,000 S$500

    4. Proxy Bid: If you want a particular lot but are too busy to monitor your bid, you can instruct us to bid automatically on your behalf by setting an upper limit before the auction starts. Our system will put in your bid for you at the lowest possible bid, up to the limit you set. For example, if the starting bid of the lot you want is S$200, you can set a proxy bid at S$300. Our system will automatically put in a bid for you. Assuming you are the first to submit a bid for the lot, your bid will be entered at S$200. If someone counter bids at S$220, your next bid will go in at S$240 based on the incremental bid structure. To enter your proxy bid, simply enter the amount you will like to bid up to.

    5. Hammer / Strike / Knock Down Price: This refers to the price that the auction lot is sold for. This exludes the Buyer's Premium that is payable on top of the hammer price.

    6. Buyer's Premium: By participating in our auction, you agree to pay us a commission calculated at 15% of the hammer price. This Buyer's Premium is subject to the prevailing Singapore GST rate. In comparison, the typical auction premium by auctioneers is between 20-25% before GST.

    ITEM DESCRIPTION

    IN: Into neck. This suggests the wine is stored a prestine conditions. More common in wines below 15 years old.

    TS: Top shoulder. This is normal for wines above 15 years old.

    VHS: Very high / Upper mid shoulder. This is normal for wines above 15 years old.

    MS: Mid shoulder. Possible oxidation. Price is reflective of potential risk.

    LS: Low shoulder. High risk of oxidation. Price is reflective of risk.

    BS: Below shoulder. Most possibly undrinkable. Price is reflective of condition.

    SL / SSL: Wine stained / slightly stained label.

    DL: Scruffed, torn, nicked, moisture damaged or written on label.

    RC: Raised cork. This refers to the cork being above the top rim of the bottle.

    DC: Depressed cork. This refers to the cork being below the top rim of the bottle.

    CAP: This refers to the capsule being torn, corroded, oxidised or broken.

    OWC: Original wooden case/carton.

    OCB: Original cardboard box.

    R: Red wine.

    W: White wine.

    S: Sparkling wine including Champagne, Cava and Prosecco.

    D: Dessert wine.

    CRITIC RATINGS

    Selected critic ratings are provided against each lot where available. The ratings are not exhaustive and do not serve as endorsement of the specific items within these lots. Wines Online endeavours to ensure that the ratings provided are correct but does not guarantee that they are published without error. You are encouraged to verify with other sources if ratings are crucial to you.

    RP: Robert Parker Wine Advocate

    WS: Wine Spectator

    WE: Wine Enthusiast

    TA: Tim Atkin

    JS: James Suckling

    JR: Jancis Robinson

    GP: Guia Penin

    DC: Decanter

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