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Differences Between Cash & Broking Offers

When you receive your online wine quotation, we will provide you with two offers—a cash offer, and a broking offer. Both of these offers indicate the final amount you would receive, inclusive of all commissions, logistical costs, insurance, with no hidden fees. Both of these offers, once confirmed, will be valid for 14 days.  At JF Tobias, we understand it can be confusing to receive two different types of offer, and so for transparency, we’ve outlined the main differences below.

Cash Offer

A Cash Offer is where you sell your wine directly to JF Tobias, upon our receiving a good condition report from our bonded warehouse.

    1. Offers the fastest turnaround.
    2. Achieves the most secure and guaranteed pricing.
    3. Quickest payment schedule – within 5 days after our confirming the stock is in good condition.
    4. A slightly lower offer to our broking offer due to the inherited risk JF Tobias takes on with fine wine market price fluctuations.

Broking Offer

A Broking Offer is where we sell your wine on your behalf and proactively source a buyer from amongst our clients, upon receiving a good condition report from our bonded warehouse. During this process, you are still the sole owner of your wine.

    1. Our lowest and most competitive commission (typically 10%). You receive 90% of the wines total market value.
    2. A slightly longer process as we need to source a buyer and await payment from the client.
    3. Payment schedule is within 28 days once we have confirmed the sale of your wine(s).
    4. Ongoing storage costs are covered by JF Tobias.

For more information, please refer to our Cash Offer T&Cs and our Broking Offer T&Cs.

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The Author

Craig Buckland

Craig Buckland

Marketing Manager