---
title: Why did I receive a bid below the current fair market value listed on Vinovest?
description: Why did I receive a bid below the current fair market value listed on Vinovest?
---

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# Why did I receive a bid below the current fair market value listed on Vinovest?

As with any market, the fine wine market operates on the balance between supply and demand.

For younger wines or those sold before reaching their ideal selling window, this imbalance can be particularly pronounced: demand is inherently lower, and buyers may be looking for bargains and make bids that undercut estimated fair market value.

Note: fine wine and whiskey are long-term, illiquid assets. Selling wine and whiskey outside of its ideal selling window may result in the rate of appreciation not covering costs and expenses, such as Vinovest transaction fees and third-party costs to sell the wine or spirit. For more information, please read our Terms and Conditions.

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