Step onto the auction floor with Michael Anderson, Head of Auctions at LANGTONS, and discover how rare bottles move from cellar to gavel. We unpack the do’s and don’ts of bidding, reveal the labels that keep climbing in value, and hear Michael’s personal journey from hospitality to helming Australia’s biggest fine-wine marketplace. Whether you buy to drink, invest, or simply daydream, this chat demystifies the world of wine auctions so you can bid (or sell) with confidence.
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Key Takeaways
- The founding of LANGTONS and how Australia’s auction scene has matured
- Red flags that signal a corked, heat-affected or otherwise damaged bottle
- Proven investment staples: Penfolds Grange, Wendouree, Burgundy grands crus and more
- Market shifts after COVID-era cellaring booms
- Michael’s tips for first-time bidders: set your ceiling, read condition reports, phone a specialist
- Career lessons from pouring glasses to commanding the hammer
Chapters
00:00 Introduction to LANGTONS’ Auctions
02:04 Michael's Journey into the Wine World
03:30 A Day in the Life of a Head of Auctions
04:25 Understanding the Auction Process
09:17 Assessing Wine Condition and Quality
14:12 Market Pricing and Trends
16:31 Diverse Buyer Preferences
18:18 Finding Bargains in the Wine Market
24:57 Investment Wines and Speculation
27:00 The Secondary Market Dynamics
30:23 Surprising Sales and Unique Collections
38:09 Dealing with Fraudulent Wines
42:20 Quickfire Questions with Michael
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