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Best-case scenarios

Reading Time:3 minutes
Why you can trust SCMP
Susan Jung

Words of wisdom at auction:

David Wainwright, Zachys Asia, managing director

'Never be in a hurry to buy - you'll pay too much. And never be in a hurry to sell or you won't get the price you want.'

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'The deals to be had at the moment are young Bordeaux, made from 1995 onwards. This is all the investment, blue-chip stuff - it's come down a lot in price, and for the remainder of the year it will be a good time to snap up some bargains.'

'The disadvantages of buying at auction are when you pay too much because you get carried away. The advantage is that if you're savvy, you can get bargains.'

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'Go when fewer people are around, so there's less competition. Go first thing in the morning, be bang-on time because nobody else is. If an auction starts at 10am, get there at 10am - the bargains are from 10am-11am. Or go at the end of the day, from 4.30pm onwards.'

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