Auctions are a good source of rare and special wines but obviously, you’ll need to be both a serious collector and have the financial resources to participate. In Ontario, you need a special license to conduct an auction, obtainable from the AGCO. Auctions are typically organized by a registered charity, as part of a wine themed charity event, often alongside a high priced tasting, and/or a food and wine experience with a visiting notable. In Toronto, the LCBO has sub contracted wine auctions to Waddington’s who currently run four a year.
If you buy a wine at auction, you may be able to treat the amount in excess of the appraised value as a charitable donation for tax purposes. You should check with the organizers beforehand. If wine is being donated to your charity auction, your donors can get a tax receipt for the appraised value. If you don’t already have an appraiser on board, I suggest touching base with Iron Gate.
See below for events with auctions that occur on an annual basis. Note that the month that the event took place in last year is listed as a default entry, and a specific date is entered when known. You can obtain further information, including how to obtain a ticket, via the link:
|Canadian Opera Company Fine Wine Auction||Tracey Abergel||416-306-2305||April|
|Covenant House Wine & Dine||Stacey Carcao||416-204-7088||June|
|Grand Cru Culinary Wine Festival||Marnie McKenzie||416-340-4800||Oct|
|TSO Fine Wine Auction||Linda McGeown||416-593-7769 #359||Nov|