Waddington's Launches Fine Wine & Spirits Division

TORONTO, Sept. 18, 2015 (GLOBE NEWSWIRE) -- Canadian auction house Waddington's announces an exciting addition to their portfolio of fine art and luxury goods – Waddington's Fine Wine and Spirits Auctions. "Ontario wine enthusiasts will now be able to better manage their cellars of fine wines and spirits with this connection to the enormous world wine market," says Waddington's President Duncan McLean.

The Toronto-based, Canadian-owned auction company was awarded an exclusive contract to provide fine wine and spirit auction services in Ontario under the authority of the LCBO, a first for an Ontario auction company. Waddington's conducted the LCBO's Vintages Fine Wine and Spirits auctions from 2009 until 2013.
The inaugural live fine wine auction will be conducted December 12, 2015 at Waddington's Toronto gallery, and an online fine wine auction will be offered November 23 – 26, 2015. These auctions launch what will be a regular schedule of wine and spirits auctions and events for which Waddington's is currently accepting consignments. All wines consigned are stored in a secure, temperature, light, and humidity-controlled wine vault.

Canada's pre-eminent wine auctioneer and Waddington's Vice President Stephen Ranger will oversee the new division. "The popularity of collecting wine as an investment grows every year" notes Ranger. "Many wines offered at auction will appreciate in value, especially rare and acclaimed vintages, making auctions an excellent way to build a fine wine portfolio. Auctions provide an opportunity to buy wines that aren't available through other channels and allow restaurants to build world-class wine lists."

Past fine wine auctions conducted by Waddington's garnered international interest from both consignors and buyers, easily accessible via internet bidding through Invaluable.com. Waddington's online auctions are conducted via the company's secure and confidential online auction platform.

About Waddington's

Waddington's is Canada's largest and most diversified provider of auction services, offering live and online auctions of fine art and luxury goods including Asian, Canadian, Contemporary, Inuit, and International Art, as well as Decorative Arts, Jewellery, and our latest addition, Fine Wine and Spirits. Waddington's international network of clients and contacts ensures our auctions and services reach the broadest possible audiences.

A photo accompanying this release is available at: http://www.globenewswire.com/newsroom/prs/?pkgid=36235

CONTACT: Ryan Corrigan, Fine Wine Specialist 416-504-9100, ext. 6255 rtc@waddingtons.ca Stephen Ranger, Vice President 416-847-6194 skr@waddingtons.ca Tess McLean, Communications Specialist 647-296-8377 (cell) tm@waddingtons.ca Waddington's Auctioneers 275 King Street East Toronto, Canada, M5A 1K2 (416) 504-9100 www.waddingtons.ca

Source: Waddington's